[url]http://www.destructoid.com/gamestop-to-roll-out-a-credit-card-with-a-really-high-interest-rate-278712.phtml[/url]
[QUOTE]GameStop is set to offer its own credit card to customers that ties directly into the company's PowerUp Rewards program, according to anonymous sources. We obtained photographs that outline the details of the card showing that the primary incentive for signing up is 5,000 bonus points for PowerUp Basic members and 15,000 bonus points for PowerUp Pro members. Also noted are exclusive offers to cardholders.[/QUOTE]
[QUOTE]The finer (and more important) terms of the GameStop credit card is that it will come packaged with an interest rate of 26.99%. Currently, the market average seems to be in the neighborhood of 13%. It's worth noting that the more prominent marketing materials specify that there are "special financing offers," so there may be an introductory period during which there are significantly reduced rates.[/QUOTE]
[QUOTE]It's unconfirmed at this time, but our sources were told that all PowerUp Rewards members are already pre-approved for the card. While it's unknown when GameStop intends to introduce this program, it's likely to be in the near future, given the fact that the marketing materials have already been created. [/QUOTE]
[IMG]http://i.imgur.com/M6RX5ZO.jpg[/IMG]
This will surely please GameStop Bank anon
[T]http://i.imgur.com/FHnO7QJ.png[/T]
oh god this is going to fuck suck for both the buyer's and the people who work there.
i can't fathom what client base this is even aimed at, every time i go into gamestop the only people i see in there are like parents with their little kids getting some game or something. the parents aren't going to sign up for this, and the kids sure as hell aren't going to have this either
[QUOTE=Sableye;45525836]i can't fathom what client base this is even aimed at, every time i go into gamestop the only people i see in there are like parents with their little kids getting some game or something. the parents aren't going to sign up for this, and the kids sure as hell aren't going to have this either[/QUOTE]
the irresponsible manchildren, duh
[QUOTE=Sableye;45525836]i can't fathom what client base this is even aimed at, every time i go into gamestop the only people i see in there are like parents with their little kids getting some game or something. the parents aren't going to sign up for this, and the kids sure as hell aren't going to have this either[/QUOTE]
They are probably hoping to bank on teenagers fresh out of high school that are heading to college that have no idea how credit cards actually work.
Are they TRYING to get worse?
My wife used to work at EB games(Gamestop the Canadian version.) So I heard about all kinds of customers and what types they usually are and this is one of the major ones. The dudebros, guys over the age of 18 and below 25(mostly), they have no kids/girlfriend(mostly), they will talk nonstop about how badass they are at the game then switch to talking about how many shots they had last night. Then buy all the game related shit, like headsets,controllers, etc, they eat that up. A lot of the times they pay with several different credit cards and that's where Gamestop will most likely step in. There's no other crowd that visits the place that would buy into this.
The games they buy are Battlefield or Call of Duty, no other games are ever bought by them. Unless the new GTA comes out.
don't ever get a credit card unless you need to build credit to buy a house or something, they are way more trouble than they are worth.
[QUOTE=DesolateGrun;45526293]don't ever get a credit card unless you need to build credit to buy a house or something, they are way more trouble than they are worth.[/QUOTE]
or just get the best one you can find in terms of APR and benefits and pay it off regularly to build credit so you can lease a car, get a mortgage and get loans if necessary on top of having certain benefits like discounts on groceries, gas and travel
Credit cards aren't bad in themselves, you just have to have a good amount of self-control
Lots of shops have these. In fact in the UK it was recently made illegal to offer them as 'loyalty cards'
Note: no interest if you pay your bills on time.
Just don't get a fuckin credit card they're pointless. If you need cash for something before you get paid just get a personal loan.
[QUOTE=Perfumly;45526409]Note: no interest if you pay your bills on time.
Just don't get a fuckin credit card they're pointless. If you need cash for something before you get paid just get a personal loan.[/QUOTE]
What about building credit?
A lot of cards offer cashback as well, I know a guy who apparently has 2% cash back and gets several hundred dollars back each year because he puts everything on his credit card.
[QUOTE=Perfumly;45526409]Note: no interest if you pay your bills on time.
Just don't get a fuckin credit card they're pointless. If you need cash for something before you get paid just get a personal loan.[/QUOTE]
That's fantastic advice, not having any credit history makes it very easy to get loans. Good one.
[QUOTE=sloppy_joes;45526423]What about building credit?
A lot of cards offer cashback as well, I know a guy who apparently has 2% cash back and gets several hundred dollars back each year because he puts everything on his credit card.[/QUOTE]
if you want to build credit just pay your own cell phone bill or something
[QUOTE=HawkeyeTy;45526439]That's fantastic advice, not having any credit history makes it very easy to get loans. Good one.[/QUOTE]
I have no credit cards, never have had a credit card, and will never have a credit card. I have outstanding credit, a paid off house, currently I have a $5000 home equity, $1000 personal, and $26000 car loan out that I pay on time every month.
I'm very established you see, never had to use a credit card.
[QUOTE=Perfumly;45526446]
I'm very established you see, never had to use a credit card.[/QUOTE]
You're adorable.
[QUOTE=Perfumly;45526446]I have no credit cards, never have had a credit card, and will never have a credit card. I have outstanding credit, a paid off house, currently I have a $5000 home equity, $1000 personal, and $26000 car loan out that I pay on time every month.
I'm very established you see, never had to use a credit card.[/QUOTE]
[QUOTE=Divine Spirit;45526444]if you want to build credit just pay your own cell phone bill or something[/QUOTE]
Yeah but having a credit card helps to build credit.
It's not like you need one, but you're better off having one and building credit that way. Plus it literally costs you nothing to have one if you pay it off every month.
It makes it easier to keep track of where you're spending, builds credit, and can have certain bonuses (such as cashback, or points), so there's literally no point in not having one.
[QUOTE=HawkeyeTy;45526485]You're adorable.[/QUOTE]
Don't forget muscular with good credit and a very high net worth for a self established 20 year old.
[QUOTE=Perfumly;45526530]Don't forget muscular with good credit and a very high net worth for a self established 20 year old.[/QUOTE]
Awww, so humble and intelligent as well.
[QUOTE=HawkeyeTy;45526536]Awww, so humble and intelligent as well.[/QUOTE]
lol the projection. You're the one who decided to be cheeky with me first.
And offering such helpful advice as
"be established" and "buy a house and car."
I believe every word.
[QUOTE=HawkeyeTy;45526546]And offering such helpful advice as
"be established" and "buy a house and car."
I believe every word.[/QUOTE]
Well I got my first car when I was 16, it was a 2010 Honda Civic that was taken without permission a couple of weeks ago by someone that I know and totaled. So I filed a police report talked to my insurance went into VW and got a 2014 jetta TDI on a whim.
Still waiting on about $12000 from my insurance so I can pay off some on principal though.
Anyway, if you don't believe me I could actually provide proof of everything that I own, but I would be surprised if you think that I would care enough to actually lie on the internet about how I'm doing in my life.
[QUOTE=Perfumly;45526562]Well I got my first car when I was 16, it was a 2010 Honda Civic that was taken without permission a couple of weeks ago by someone that I know and totaled. So I filed a police report talked to my insurance went into VW and got a 2014 jetta TDI on a whim.
Still waiting on about $12000 from my insurance so I can pay off some on principal though.
Anyway, if you don't believe me I could actually provide proof of everything that I own, but I would be surprised if you think that I would care enough to actually lie on the internet about how I'm doing in my life.[/QUOTE]
So you established yourself by having a shitty person wreck your property. Do you have any more advice for the aspiring Perfumlies out there?
[QUOTE=Perfumly;45526446]I have no credit cards, never have had a credit card, and will never have a credit card. I have outstanding credit, a paid off house, currently I have a $5000 home equity, $1000 personal, and $26000 car loan out that I pay on time every month.
I'm very established you see, never had to use a credit card.[/QUOTE]
So, you're heavily in debt?
Why buy such an expensive car when you're 20? Boggles my mind.
[QUOTE=HawkeyeTy;45526586]So you established yourself by having a shitty person wreck your property. Do you have any more advice for the aspiring Perfumlies out there?[/QUOTE]
No?
If you really care for some elaboration though I can go on.
I worked at a barbecue place 20-30 hours a week while going to school when I was 15-18. I saved a lot of money during that time, and when my father passed away when I was 14 I also had a little bit of money from a life insurance policy that was awarded to me when I turned 18 but most of that went into my car.
In order to pay the house off I got a good job working from home ( I do tech support and sales and I'm an excellent salesman so I make a lot in commission doing that, roughly 4k USD a month when I was actually working full-time, I work part time now @ 24h a week and make around 2k USD a month because I don't really enjoy working and at this point I don't have to work very much really) and I also sublet 3 bedrooms in my house for $400 a piece as well as the garage for $200 a month. I've been living here for two years now.
By the way - buying property and renting it is probably one of the smartest things you can do. I live next to a university and while I had a mortgage it more than paid for itself. $1400 a month in my pocket just from letting some friends live with me is some serious cash for practically nothing.
It was only a couple of weeks ago that my car was totaled.
[editline]28th July 2014[/editline]
[QUOTE=Stopper;45526628]So, you're heavily in debt?
Why buy such an expensive car when you're 20? Boggles my mind.[/QUOTE]
I'm about 100k in the positive. 112 or so when my insurance pays out.
[QUOTE=Perfumly;45526632]No?
If you really care for some elaboration though I can go on.
I worked at a barbecue place 20-30 hours a week while going to school when I was 15-18. I saved a lot of money during that time, and when my father passed away when I was 14 I also had a little bit of money from a life insurance policy that was awarded to me when I turned 18 but most of that went into my car.
In order to pay the house off I got a good job working from home ( I do tech support and sales and I'm an excellent salesman so I make a lot in commission doing that, roughly 4k USD a month when I was actually working full-time, I work part time now @ 24h a week and make around 2k USD a month because I don't really enjoy working and at this point I don't have to work very much really) and I also sublet 3 bedrooms in my house for $400 a piece as well as the garage for $200 a month. I've been living here for two years now.
It was only a couple of weeks ago that my car was totaled.
[editline]28th July 2014[/editline]
I'm about 100k in the positive. 112 or so when my insurance pays out.[/QUOTE]
Sorry to hear about your dad.
I wasn't asking you to describe your life to me. I was asking how you built your credit, and now you admit it was by subletting a house that was made accessible to you through the aid of insurance and working.
That's all I wanted to know. Now I can make my point: Not everyone can make the money you do, and therefore paying off things like new cars and houses are literally out of the question. Now all this leaves is basic bills like phones, utilities and rent. Which without being aided along by regular purchases and payments on a credit card, can take years to build the kind of credit takes to get ANY kind of serious loan.
[editline]28th July 2014[/editline]
Which is why credit cards like this that take advantage of the less educated of those people are fucking horrible things.
[QUOTE=HawkeyeTy;45526682]Sorry to hear about your dad.
I'm not telling you to describe your life to me. I'm asking how you built your credit, and now you finally admit it was by subletting a house that was made accessible to you through the aid of insurance and working.
That's all I wanted to know. Now I can make my point: Not everyone can make the money you do, and therefore paying off things like new cars and houses are literally out of the question. Now all this leaves is basic bills like phones, utilities and rent. Which without being aided along by regular purchases and payments on a credit card, can take years to build the kind of credit takes to get ANY kind of serious loan.[/QUOTE]
You're right. I have had a lot of opportunities that many people don't get.
However, given the demographics of Facepunch, most of you guys could do the same thing with working alone. This strategy would work for basically anyone who isn't living in inner-city poverty and is able to save money while living with their parents instead of giving money to their family to assist in supporting.
[QUOTE=Perfumly;45526705]You're right. I have had a lot of opportunities that many people don't get.
However, given the demographics of Facepunch, most of you guys could do the same thing with working alone. This strategy would work for basically anyone who isn't living in inner-city poverty and is able to save money while living with their parents instead of giving money to their family to assist in supporting.[/QUOTE]
I see what your saying now, it just seemed like you were looking down your nostrils at people you are trying to build credit.
[editline]28th July 2014[/editline]
Sorry for any undue hostility, being someone who is building credit like this it just felt a little like an insult.
[QUOTE=HawkeyeTy;45526716]I see what your saying now, it just seemed like you were looking down your nostrils at people you are trying to build credit.
[editline]28th July 2014[/editline]
Sorry for any undue hostility, being someone who is building credit like this it felt a little personal.[/QUOTE]
To build credit I actually just took out a really small personal loan and then mostly it was just paying my own insurance/bills/cellphone etc.
It's cool bruh, I was being a bit of a vain cunt because sometimes I'm overly prideful. I can see how I came across wrong.
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