For people who make regular purchases from a particular retailer, it can be worthwhile to look into their store-issued credit cards to see whether their particular combination of features are suitable for their particular needs and circumstances.
One excellent example of store-issued credit cards is the Rewards of Sport Mastercard and the Rewards of Sport Credit Card, which are offered by Dick's Sporting Goods. Here are 10 benefits that can come from having a Dick's Sporting Goods credit card:
Cash becomes impractical when making bigger purchases. Certainly, it is possible for people to carry hundreds and hundreds of dollars with them, but in practice, that can be a serious hassle as well as a serious security risk. Due to this, credit cards can serve as a convenient solution to that particular problem.
There is common concern about the security of credit cards, which is understandable. However, it is important to remember that said concern has resulted in the creation of security measures to make the use of credit cards safe, meaning that they are nowhere near as vulnerable as some people might fear them to be.
3. Availability of Funds
People can use their credit cards to make purchases up to their credit limit at the times as well as the places of their choosing. This is because credit cards are a kind of revolving credit. In contrast, non-revolving credit such as standard loans come with no such convenience.
A person's credit score is the single most important measurement of their creditworthiness, which can be summed up as whether they can be trusted with credit or not. How a person uses their credit has an enormous impact on their credit score, meaning that sensible use of a credit card can help interested individuals raise their credit scores for the purpose of securing access to a wider range of financial products under better terms than otherwise possible.
5. Control Over Use
Credit card owners have increased control over how their credit cards are used. For example, they can make whatever purchases that they want. Likewise, they can make their payments whenever they want so long as they manage to make the minimum payment. This is not the case with a lot of other credit products out there.
6. Can Be Used Wherever a Mastercard Can Be Used
Dick's Sporting Goods offers two credit cards. The Rewards of Sport Credit Card can't be used outside of its stores. In contrast, the Rewards of Sport Mastercard can be used anywhere in the world where a Mastercard is accepted, which means millions and millions of retailers in countries situated all around the world.
7. No Annual Fee
Neither one of the two credit cards comes with an annual fee. This is important because it means that the credit card owner can choose to make purchases when it suits them. In contrast, when a credit card has an annual fee, there is pressure on the credit card owner to make further purchases to make sure that the annual fee will have been worthwhile because of the benefits collected via repeated use.
8. Rewards Program
A Dick's Sporting Goods credit card comes with a rewards program, which is called the Dick's ScoreCard program. In short, each dollar spent on in-store purchases results in two points. For every 300 points collected in this manner, the credit card owner can get $10 in merchandise rewards, which is not a bad rewards rate when it comes to store-issued credit cards.
9. Introductory Offer
For the first purchase using a Dick's Sporting Goods credit card, it is possible to get a 10 percent in the form of rewards. This might not sound like much, but when it comes to bigger purchases, it can mean a sizable amount of value.
10. Promotional Financing Offers
Someone with a Dick's Sporting Goods credit card can get promotional financing offers. This includes not having to pay interest so long as the full amount is paid up before a specified period of time runs out. Unfortunately, there is no guarantee that a particular credit card owner will be offered. This because it varies from store to store, thus making for a fair amount of uncertainty.
Written by Garrett Parker
Read more posts by Garrett Parker