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GE Capital Retail Bank DICK’S Sporting Goods Credit Card | Do You Favor DICK’S?

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American sports fans love using the GE Capital Retail Bank DICK’S Sporting Goods Credit Card to get the gear they need to compete and play. This card has high APRs, but so do most other store-specific credit cards. At least this one has some decent benefits and rewards that make it worth considering. Athletes, coaches and fans can all save money and get more exercise in their lives by shopping at DICK’S. And when they do, they can earn ScoreCard bonus points by the following schedule:

  • 1 ScoreCard point for every dollar spent at DICK’S or DICK’S online;
  • Triple points earned during your birthday month for DICK’S merchandise;
  • 1 ScoreCard point for every $3 spent everywhere else your MasterCard is accepted;
  • Bonus points given for liking and following DICK’S on Facebook and Twitter;
  • Special email bonus points mailed periodically;
  • Points given for using the DICK’S app;
  • No points awarded for purchases of PING merchandise;

You’ll get a $10 gift card for every $300 points you accumulate on your GE Capital Retail Bank DICK’S Sporting Goods Credit Card. You’ll also receive special ScoreCard member-only offers. You cannot use your awards points in any way as cash value, not even to put toward your account balance. All points must be redeemed for merchandise at DICK’S stores or the website. The value of the points must be $500 or less and all points must be used at the time of redemption. Although there is no set time limit to use your points, DICK’S reserves the right to impose one at any time. Your point will expire annually on the Saturday that is closest to the 31st of January.

GE Capital Retail Bank DICK’S Sporting Goods Credit Card APRs and Fee Schedule

The general APR for purchases with this card is set at a hefty 23.74% above the Prime Rate. It’s the same for balance transfers. There is no introductory specials concerning the APRs.  APRs will vary with the Prime Rate. For cash advances, the APR will be 26.74% above Prime. The Penalty APR on the GE Capital Retail Bank DICK’S Sporting Goods Credit Card is 29.99%, the highest allowed by law. GECRB promises cardholders at least 23 days to pay their bills from the closing date of the previous billing cycle. There is a $2 minimum interest charge assessed if any interest is owed at all. Trust me, with APRs this high, you definitely want to pay this card off, in full, every billing period.

There are fees attached to just about everything you can do with the GE Capital Retail Bank DICK’S Sporting Goods Credit Card. If you want a little cash advanced to you, then there will be a fee of either 4% of the transaction amount or $10, whichever is most. The fees are the same for balance transfers, 4% or $10. The fees for foreign transactions are a little less at 3% or $10, the greater of. GECRB uses the “Daily Balance” method of computing your minimum monthly balance.

Other benefits and features make the GE Capital Retail Bank DICK’S Sporting Goods Credit Card attractive, even considering the high APRs. Note that these APRs are not high in so much a sense of comparison with other similar cards. It’s that all the cards of this type have these too-high APRs. It’s just upsetting, but we live in a credit society and credit cards are a necessity for most.

If you are tailgating or just traveling to a game, then you’ll be glad to have the ever-popular Master RoadAssist® Service suite covering you and yours. If you blow a tire, run out of gas or need a tow, you just dial 800-MC-ASSIST and help will be right on the way, free of charge. Or, if you rent a car, you’ll be covered by the MasterRental® Insurance plan. For this to be in effect, you must use the GE Capital Retail Bank DICK’S Sporting Goods Credit Card to pay for the rental, and you must decline the rental agency’s coverage option. This is an excellent benefit, especially for guy’s game days when a crew can make a real mess out of a vehicle,innocently of course.

And don’t forget about all the other Platinum MasterCard features and benefits. There are loads of them actually. One of the most well reputed is the Warranty Extension Insurance coverage. With it, you will automatically double all standard U.S. warranties when you make purchases with your GE Capital Retail Bank DICK’S Sporting Goods Credit Card. The maximum extension period is 12 months. So if you buy an item with a 1-year warranty, then you’re covered for 2. Nice as pie!

Then there’s the Purchase protection benefit of the GE Capital Retail Bank DICK’S Sporting Goods Credit Card that makes life good. In the first 90 days after making a purchase, you’re covered against loss, damage or theft. Of course, there are about a thousand fine-print conditions and stipulations that apply. See the website for all the details. For now, just know that the coverage is good for items of up to $1000 – and there is a $50,000 annual cap on this coverage. To me, I just cannot understand why this limit is set at $50,000. Is it even realistic to think that one person could make fifty claims in a given year concerning damages, lost or stolen goods? I’d be curious to see just how GECRB would handle multiple claims on this program. Learn all about the rewards structure at the website.

The bottom line about the GE Capital Retail Bank DICK’S Sporting Goods Credit Card is that it only makes sense if 2 things are true in your world:

  1. You regularly purchase sporting goods from DICK’S;
  2. You are responsible enough to keep that monthly balance paid, in full if at all possible;

The high APRs almost make me feel insulted. Sure, you don’t need perfect credit to get this card, but that doesn’t mean consumers should be punished. Of all the cards available out there today, there must be something more rewarding than the maximum APRs and fees allowed. The only way I would want this card is if I made some serious sporting goods purchases on a regular basis.

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