How Does the GameStop Credit Card Work: Benefits and Rewards

Many stores offer perk-filled credit cards, but GameStop Corp. (GME) was the first retailer in the gaming-only niche to do so. The initial reaction from the intended customer base was mixed. The original advertising that "everyone is approved" made some in the gaming community fear that GameStop was trying to lure kids into a debt trap, and the relatively high annual percentage rates (APR) also drew complaints.

Fortunately, standard credit norms apply and only those age 18 or over receive lines of credit. The APR range is high compared to regular bank-issued cards, but it remains on par with comparable store cards. Frequent customers may benefit nicely from the rewards program.

How the GameStop Credit Card Works

The GameStop credit card is an extension of the retailer's PowerUp Rewards program. Only members of the program may apply for the credit card, and the card may only be used at physical GameStop stores or the GameStop website.

The credit line extended depends on each applicant's credit history and typically ranges from $250 to $3,000. It is possible to request a higher limit by calling customer service and speaking to a supervisor for manual approval. The customer may pay off the balance in full each month or make smaller payments over time, which will result in interest charges to the balance.

Rewards and Benefits

The credit card rewards depend on which version of the GameStop PowerUp Rewards program the customer belongs to. The program comes in two versions: Basic and Pro. Basic membership is free and works by accruing points for purchases at a rate of 10 points per dollar spent. These points can be used to get gaming gear, exclusive collectibles, discounts, and more from the rewards catalog. Pro membership costs $14.99 but gives double points for purchases, discounts on certain merchandise, exclusive offers, and a monthly magazine subscription.

Basic members receive a 5,000 point bonus when opening a GameStop credit card. Pro members receive 15,000 points. In addition, cardholders receive an additional 5,000 points per $250 spent during the calendar year. The company also promises exclusive offers for cardholders.

Frequent GameStop customers benefit the most from the card since they can accumulate points much more rapidly. For example, a Basic member spending $250 normally only receives 2,500 points. Using the GameStop credit card, they can receive the 2,500 points plus an additional 5,000 points for the same purchase. Add the 5,000 sign-up bonus, and the total comes in at 12,500 points instead of 2,500 points.

Where Can Someone Get the GameStop Credit Card?

Applicants can visit GameStop.com to apply online. The GameStop PowerUp Rewards credit card is issued by Comenity Capital Bank, which also accepts applications via its website.

What Kind of Credit Is Required for the GameStop Credit Card?

GameStop's credit requirements are considered relaxed compared to comparable credit cards. Some consumers report being approved with credit scores in the low to mid 600s.

As with most credit cards, GameStop looks for established credit, a stable source of income, and a fair-to-good credit score.

Where Can the GameStop Credit Card Be Used?

The GameStop credit card can be used only at GameStop, in-store or online. Cash advances are allowed, however, on cards that are issued as either Visa or Mastercard.

Alternatives to the GameStop Credit Card

Other traditional stores providing gaming products, such as Best Buy Co. Inc. (BBY), typically offer a rewards percentage and/or cost-free financing plans for using their own store card when making purchases. Best Buy offers 5% back or 12-month financing, for example. Cards from these retailers are usually Visa or MasterCard-affiliated, meaning they can be used anywhere rather than just at that specific store or website. Online merchants, such as Amazon.com Inc. (AMZN), offer comparable credit cards with similar rewards programs.

Terms and Conditions of the GameStop Credit Card

As of March 2021, the standard APR on the GameStop card is 26.99%. GameStop was initially criticized by the gaming community for its card's "extortionate interest rates," and indeed, the rate is a bit high, even for merchant credit cards: A 2020 CreditCards.com survey of retail cards revealed that the average APR is 25.90% (though many of the 81 cards surveyed did hit 30%). Regular, general-purpose credit cards issued by banks and financial institutions typically fall around 20% for customers with good credit.

The GameStop credit card advertises no annual fee—which, again, is typical of store credit cards.

Who Should Consider the GameStop Credit Card?

Frequent gamers, GameStop customers, and GameStop PowerUp rewards members should consider the GameStop credit card. Ther can make purchases with the card and make payments on their balance over time. Also, cardholders can earn additional rewards and have access to exclusive offers, while building or improving their credit.

GameStop Credit Card FAQs

Does GameStop Have a Credit Card?

GameStop has a PowerUp Rewards credit card that offers cardholders various benefits and exclusive offers.

Can I Apply for a GameStop Credit Card Online?

You can apply for a GameStop PowerUp credit card online at GameStop.com or on the credit card issuer's website, Comenity.com (search by brand).

What Credit Score Do You Need for a GameStop Credit Card?

While GameStop does not publicize their minimum score requirements, some consumers have reported being approved with credit scores in the low 600s.

Where Can I Use My GameStop Credit Card?

Generally, the GameStop credit card can only be used to make GameStop purchases, in-person or online. However, if the card is issued as a Visa or Mastercard, it can be used wherever the card is accepted.

How Do I Pay My GameStop Credit Card?

GameStop cardholders can make their payments online through the card issuer's (Comenity) website. Payments must be made by 6:00 p.m. on the due date to avoid a late fee.

The Bottom Line

If you're a big gamer, the GameStop credit card can be fun to own. But, given its high-interest rate, it's most lucrative to frequent customers who pay off their balances each month. You can shop in-store or online and earn rewards for your purchases. Adhering to the terms of the agreement will ensure that you avoid late fees and dings to your credit.