Right now, I have high hopes for the GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard. You see, I happen to know a thing or two about the branded GERB credit, debit and rewards cards, and I have to say that I have uncovered quite a bit of negativity in the cardholder reviews sections for most of these cards. But who likes negativity? Not me. I want for this card to offer low APRs, even lower transaction fees and an exciting rewards program. So often, I am disappointed by credit cards and what they fail to offer. I want to review just one that stands out and really serves their loyal customers. Will this be the one?
GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard APRs
So here we go. This will be news to me as well as you. The APR for purchases and balance transfers with the GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard will be set based on your individual credit worthiness. If you are approved for this card, then you will be positioned into one of two groups: Account Type 1 (for all the goody-goodies) and Account Type 2 (how very imaginative). Type 1s get a 16.74% APR for purchases and transfers of balances and Type 2s get a 20.74% APR; a rather small difference of 4%.
On that note, think about 4% of millions of purchase amounts, every day. Just 4% could be a huge number. Now back to reality, the lowest APR you’re going to get with the GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard is the 16.74%. Now can you see why so many companies are interested in issuing credit cards? Have you noticed how many credit card commercials there are flooding the televisions, radios and Internet? It’s stunning actually. These companies are making massive bank; and, as a cardholder for any of them, you have the right to get picky – to demand satisfaction!
Other APRs for the GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard include a hefty 23.74% above the Prime Rate. Currently, the PR is 3.25%, making the cash advance APR a lovely 26.99%. Note that all credit cards sock cardholders with high cash advance APRs. This is one is still a little more than most of them. I’m feeling the greed pour out from this card already.
Transaction Fees for the GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard
Balance transfers will cost you either 4% or $10, whichever is more, of course (just once, I’d like to see a card issuer say, “the lesser of…”).Likewise, cash advances cost either $10 or 4%. Foreign transactions cost a fixed 3%, about in line with most cards. Late payment and returned payment fees are $35, again like most cards. Overall, I find the fees of this card to be exactly like so many others: expensively average. It is so important to remember to never fail to make your monthly payments on time and avoid those nasty interest charges altogether.
The Rewards Program for the GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard
Well, I feel let down, as usual, as I research and review the GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard. Instead of the desired low, it has high APRs. Beside the wished for minimal fess for transactions, it has maximal (or near) ones. So, can it deliver a super-generous rewards program and make it worth its weight in salt? Let us just see about this. Here’s the breakdown of the MVP Rewards Program structure:
You earn 1 MVP point for every dollar you spend at Modells. You earn 1 point for every 5 bucks you spend anywhere else. It takes 400 points to earn a $20 MVP Rewards Certificate. That means you can earn a 5% discount on Modell’s merchandise and 1% credit for all other purchases. Hmm. I am not feeling smothered by generosity here, folks. Personally, I feel that, especially in this economy, any business entity ought to have more than a %5 discount offered to all its loyal customers; anytime, all the time, just for shopping in its stores! So, in good faith and with unbiased exploration, let’s dig a bit more, constantly searching for the gold that makes this card entice us…
Digging…digging…digging – and nothing; nothing significant to report at all. Well, there’s nothing positive to report at all anyway. Just more negative stuff, I’m afraid. The GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard seems to suck on all levels. You see how this works for me? I begin with a positive attitude based on hope and justice. And almost every time, I have been brought down to the level of a credit-card-loving wannabe. The only cards I have encountered that I thought were truly impressive are the elite credit cards; some of which are Invite-Only. You couldn’t get one if you were Brad Pitt and had perfect credit – unless you receive a mysterious invitation. And good luck with that.
There’s only one thing left that I can think of to accurately lay down review judgment of the GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard: customer love standards? Do cardholders of this non-generous, high-fee card speak highly of the service and care they receive?
In fact, like with every other GERB card I have reviewed: they are sickened by the way they are treated. I have no interest except to tell you what I uncover. And cardholders do not like these cards. They speak of outrageous fees; unfriendly, non-communicative customer service reps – and in general, they are very dissatisfied. I recommend getting another credit card, especially since there’s so little reward offered, even at Modell’s. Check out the website to see for yourself.
In general, overall, I’m gonna say that the GE Capital Retail Bank Modells Sporting Goods MVP Platinum MasterCard is a waste of your time and good credit. Maybe if there gets to be enough honest reviews on the Internet, maybe, credit card issuing companies will have to become transparent and accountable. Maybe reviews like this one can help to shape the future of fair credit practices in the United States and the world. Why should these companies make so much while the cardholders continue to suffer their exaggerated rates and fees?