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Sam's Club MasterCard.

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Saleen099
Senior Contributor

Sam's Club MasterCard.

   Received this letter in the mail today. 

 

 

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Message 1 of 5
4 REPLIES 4
pipeguy
Senior Contributor

Re: Sam's Club MasterCard.

Yup, pretty standard with Sync for Walmart, Amazon, Lowes, etc but the 24-48 months, thats pretty sweet (I suspect a MAJOR purchase is needed for 48 months). 

 

edit/Add: make SURE you pay it off within the terms otherwise its a nasty retroactive interest hit. 

Message 2 of 5
Anonymous
Not applicable

Re: Sam's Club MasterCard.

Honestly, it's a great feature to have, I have this on my Lowes, Walmart, Firestone, Bestbuy Visa, Kay, etc..it's more of a profit trend though pertaining to the company's agenda of course, if you like all your accounts paid in full and like to keep utilization low I would not recommend using this unless absolutely necessary or you'll find yourself carrying balances even though it's 0 interest it still affects utilization, when folks pull your credit, their going to see $2800 being used out of $5000 for example it's not going to say oh well this was a 0% interest 24 months jacuzzi it's more so going to impact utilization negatively as it is over 50% - just an example so this typically results in paying the balance well before you thought 😄
Message 3 of 5
rmduhon
Valued Contributor

Re: Sam's Club MasterCard.

Be careful with the minimum due as well. If you only pay that then you could wind up with a large amount still left to pay when the special financing ends. My mom is using an 18 month financing offer from Lowe's to redo her bathroom. The total was roughly 2800, and the minimum payment is 35. We pay 165 monthly and will have it paid off after 17 months.
Message 4 of 5
Anonymous
Not applicable

Re: Sam's Club MasterCard.

I'm waiting for the SC MC conversion. I have 10k avail on my store SC card. I need the MC conversion. Ugh!
Message 5 of 5
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