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Anyone have a Guitar Center credit card?

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  • Anyone have a Guitar Center credit card?

    I have been eyeing a few things but can't afford to pay all at once. Does anyone have these cards? I haven't looked at the fine print but i'm pretty sure they charge you an arm and a leg for paying gear off in installments. Or am i wrong?
    Originally posted by fu2jobu"1999 was all about me wanting to find Lou Bega and giving him a few good bitch slaps. "FS/FT - LTD Mirage guitar with EMG pickups. (MIJ)http://www.harmonycentral.com/t5/Electric-Guitars/FS-FT-LTD-Mirage-guitar-emg-pickups/m-p/36167161/highlight/false#M290782

  • #2
    I have both a GC and MF card. They almost always have some sort of 0% financing deal going on so as long as you make your payments on time and pay it off within the 0% period there are no issues. Outside of that then yeah, like all store cards the APR is like 25% or something.



    I only use mine when I want to benefit from the 0% financing deals. Otherwise you're much better off just using a regular credit card.

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    • #3






      Quote Originally Posted by kit_strong
      View Post

      I have both a GC and MF card. They almost always have some sort of 0% financing deal going on so as long as you make your payments on time and pay it off within the 0% period there are no issues. Outside of that then yeah, like all store cards the APR is like 25% or something.




      Truth. Zzounds does a multi-payment plan for an extra $10-$18 depending on how long you wanna take to pay it off. Otherwise, if your credit's decent, most Credit Cards these days offer a 6-month no financing charge introductory promo...
      .

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      • #4






        Quote Originally Posted by kit_strong
        View Post

        I have both a GC and MF card. They almost always have some sort of 0% financing deal going on so as long as you make your payments on time and pay it off within the 0% period there are no issues. Outside of that then yeah, like all store cards the APR is like 25% or something.




        Truth. Zzounds does a multi-payment plan for an extra $10-$18 depending on how long you wanna take to pay it off. Otherwise, if your credit's decent, most Credit Cards these days offer a 6-month no financing charge introductory promo...
        .

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        • #5
          It looks like Guitar center currently has 18 month 0 interest financing http://gc.guitarcenter.com/financing/

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          • #6
            Ok cool i've never been one to miss payments. I just can't plop down 4-500 bucks at once. Can you use these for used items too?
            Originally posted by fu2jobu"1999 was all about me wanting to find Lou Bega and giving him a few good bitch slaps. "FS/FT - LTD Mirage guitar with EMG pickups. (MIJ)http://www.harmonycentral.com/t5/Electric-Guitars/FS-FT-LTD-Mirage-guitar-emg-pickups/m-p/36167161/highlight/false#M290782

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            • #7
              You can use the cards for used gear. I'm not sure if the promotional rates apply. If you have good credit you can generally get a regular credit card with 0% for 6 months or so and a much lower rate. While you would need to start paying right away (usually) chances are if you can't make the payments now, you will be just as strapped six months from now.



              Be careful.



              If it were me I would save the money or sell something and buy what I want. YMMV.

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              • #8
                I have one and its just like any other store card. Its tricky to read the fine print because all of it is not in the information they give you in the store. For instance if you fail to make a payment they will raise your interest rate to the maximum allowed by law in your state, so no interest may lead to maximum interest quickly. Other than that you can buy anything in the store no problem, or at least I have never had a problem buying used gear with it. I personally only use it for pedals and such that I can pay off right away. I'd stick to regular credit cards though for the long run.



                GC actually uses Capital one as the credit carrier, after looking I realized my regular Capital one card has much better terms and rates than my GC card does. Maybe you could look into that?



                Dan
                Gear1996 Strat deluxe, Schecter TSH-1, Squire standard Strat, Dearmond M65-C, Blues JR, Crate VC20, Bugera V5. Vox Time Machine, Keeley mod DS1, Wampler Euphoria, Vox wah.

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                • #9






                  Quote Originally Posted by chimi
                  View Post

                  Ok cool i've never been one to miss payments. I just can't plop down 4-500 bucks at once. Can you use these for used items too?




                  You can use them for used items but I'm not sure if that will qualify for financing deals or not. I know that in the past if you were buying a brand that wasn't on the list you could still qualify just buy buying the cheapest item you could find from one of the included brands so the same workaround might work for getting used items at 0%.

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                  • #10
                    dammm I rather use a major card and get freebees back(can care less about interest rates lol}

                    I use my Credit cards all the time to rack up Miles and cash back.

                    I pay the card off a few times amonth online,It might be a few dollars or a few thousands of dollars.

                    But I have yet too pay a Penny yet on any interest in many and many years..........JT
                    1957 Gibson Les Paul Jr TV,1958 Gibson Les Paul Jr Tv,1960 Gibson Les Paul Jr Tv1972 Gibson SG200,1989 Fender American Strat Yellow,1990 Gibson Les Paul SpecialTv2011 Gibson Flying V Heritage Cherry,2011 Fender American Standard Tele Blond2012 Fender American Standard Tele Natural,2012 Gibson Les Paul Deluxe Gold Top2012 Fender American Standard Stratocaster Charcoal,2012 Gibson SG '61 Reissue,2012 Gibson Government Explorer Limited,2012 Billie Joe Armstrong Les Paul Jr Tv,2012 Gibson Les Paul DC Ebony Double cutaway2013 Fender Telecaster AV72 ThinLine2 Fender Twin Reverbs,1 Marshall JCM2000DSL 100 watt,Peavey 412 6505 Cabinet,Orange PPC412 HP

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                    • #11
                      I have one, and they say at the store that you can get 6 months no interest on used gear, but that may be during a promo financing period.
                      Guitars: 3 Fender Strats, Fender Jazzmaster, Squier Bullet, 2 Gibson Les Pauls, Gibson ES-339, Gibson Les Paul Jr. Special, Epiphone Les Paul, Epiphone Dot, Epiphone SG, PRS SE Custom 24, Ibanez AS73, Hamer Duotone, Larrivee D-03R, Takamine EG5013S, 1951 Epiphone Devon, Ibanez SR305 (bass)Pedal Chain: BBE Green Screamer -> MXR Distortion III -> Boss CE-5 -> EH Stereo Pulsar -> Boss DD-20 -> BBE Boosta GrandeAmps: Vox AC4, AC15, AC30, Pathfinder 10, DA5SoundCloud

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                      • #12
                        store credit cards are usually a bad idea.
                        The most important part of my religion is to play guitar.
                        Lou Reed

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                        • #13






                          Quote Originally Posted by peskypesky
                          View Post

                          store credit cards are usually a bad idea.




                          Eh, depends entirely on the person using them. If you are responsible and don't allow for any interest charges to kick in they can be quite useful.

                          I would rather use an 18 month 0 interest financing deal to get a $2k guitar then actually spend $2k cash up front. In my case that $2k in cash used to a much greater advantage by investing it.



                          Other store cards have great rewards that are far superior to using a standard rewards credit card. Every time I use my Childrens Place store card I get an additional 5% off. And since I pay the transaction off with my debit card immediately after making a purchase its a no-brainer. Or if I wanted to I could instantly pay it off with my chase rewards card thus getting the Chase points and then once home make a payment to the chase card.



                          For some people it's best to never use credit at all and for others it's a perfectly valid tool. Some people will also tell you to never do any sort of margin or options trading but if used responsibly those are very useful investing tools.



                          Of course looking at the average American credit card/savings there is probably some truth to the statement about store credit cards (or any credit card for that matter) usually being a bad idea.

                          Comment


                          • #14






                            Quote Originally Posted by kit_strong
                            View Post

                            Eh, depends entirely on the person using them. If you are responsible and don't allow for any interest charges to kick in they can be quite useful.

                            I would rather use an 18 month 0 interest financing deal to get a $2k guitar then actually spend $2k cash up front. In my case that $2k in cash used to a much greater advantage by investing it.



                            Other store cards have great rewards that are far superior to using a standard rewards credit card. Every time I use my Childrens Place store card I get an additional 5% off. And since I pay the transaction off with my debit card immediately after making a purchase its a no-brainer. Or if I wanted to I could instantly pay it off with my chase rewards card thus getting the Chase points and then once home make a payment to the chase card.



                            For some people it's best to never use credit at all and for others it's a perfectly valid tool. Some people will also tell you to never do any sort of margin or options trading but if used responsibly those are very useful investing tools.



                            Of course looking at the average American credit card/savings there is probably some truth to the statement about store credit cards (or any credit card for that matter) usually being a bad idea.




                            This.



                            All of it.

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                            • #15
                              I've only ever bought one thing from them (an acoustic guitar, discounted deeply as a Labor Day sale)...they offered extra money off, plus 6 months same-as-cash. So I did that, paid it off before the 6 months, then closed it. All went well. Just make sure you know all the fine print!

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