Golf tools and attire retailer Golfsmith, in partnership with Synchrony Financial institution (previously GE Capital Retail Financial institution), offers a credit card that lets you finance your expensive golf purchases with no curiosity, however the satan is within the particulars. See our overview / evaluate under to see simply what meaning:
The Golfsmith bank card can solely be used at Golfsmith shops and Golfsmith on-line. This restricted utilization is one thing to think about: do you actually need to open a brand new credit score line only for golf purchases?
Perhaps you do. And the motivating issue would most likely be the truth that you’ll be able to finance sure Golfsmith purchases at a 0% rate of interest:
- Pay no curiosity on purchases of $499 or extra in case your stability is paid off inside 12 months
- Pay no curiosity on purchases of $299 and up in the event you repay the acquisition inside 6 months.
Sounds good, proper? Nicely, sure, IF you repay the whole stability in time. Nevertheless, in the event you don’t, you’ll need to perceive this paragraph within the tremendous print:
Curiosity will likely be charged to your account from the acquisition date if the promotional buy will not be paid in full throughout the relevant promotional interval.
So, in the event you fail to repay even $1 of the acquisition you make underneath the 0% settlement, you may be hit with ALL of the curiosity you’ll’ve paid from the day you made the acquisition, and on the card’s customary rate of interest of… 29.99%!!! This is essential to know — this card makes cash off of folks that take the 0% deal after which screw up and should pay a roughly 30% premium on their purchases. Don’t be a kind of individuals!
That mentioned, in the event you assume you’ll be able to deal with it, you’ll be able to apply for the Golfsmith bank card at a Golfsmith retailer or with this online application.