Anyone here have a Summit card?

[OinkAodeOink]

I don't shop there too often, but figured it might come in handy to have one of Summits credit cards ( CarCareONE).. The interest rate is 22.9% ( i believe that was it). Most I would spend is $250 at a time. ( mandrel bends and A/N fittings)

 

[SeventyMach1]

interest rate is 22.9%

 

[illwood]

I just use the trusty MasterCard. And I'm with Justin on the interest rate.

 

[Ozz]

I just use mine whenever I order from Summit and then pay the bill in full when it comes. No problems. I don't keep any other credit cards and I like the month-long buffer period to pay

 

[Nagash01WS6]

I would only get it if they give specials occasionally, like no interest for X amount of months.

 

[Ozz]

IMO, if you can't afford it at the time of the order, you shouldn't buy it. Well, I don't care what anyone else does but that's the way I do it. Like I said, the bill comes and I pay it right off. It's as good as having interest-free, because it never accrues and I get a month's time to pay anyway.

That's just me.

 

[super302]

Whats the benefit of having one?

 

[Ozz]

None that I know of; but like I said at the least it's like a 30-day loan with no fees

 

[maysn]

From summitracing.com:
• Three deferred interest payment options (minimum monthly payment required)

--90 days interest-free (purchases of $150 or more per order)
--180 days interest-free (purchases of $300 or more per order)
--360 days interest-free (purchases of $500 or more per order)

 

[Scott_95GT]

That interest rate is insane, but as long as you pay it off at the end of the month (or pay off most of it), you'll be fine.

A summit card at age 18 could have gotten ugly.

 

[yellow1995Cobra]

no point to it, unless you wanna really f urself in the future and take advatage of the no interest for x amount of months

Just get a typical cc, and always pay it off at the end of the month. I had my first cc at age 18, and by the time i was 20 i got my first dividend card. Now this baby is sick, 1% cash back on everything, and 5% cash back on GAS, grocery stores, and a few other places i cant recall right now.