Sportsman’s Guide Buyer’s Club Rewards Visa® Credit Card Review

The Sportsman’s Guide Buyer’s Club Rewards Visa® Credit Card is tailored specifically for outdoor enthusiasts who frequently shop at Sportsman’s Guide. This card boasts a significant discount on purchases made at Sportsman’s Guide, making it an attractive option for loyal customers. However, like any financial product, it has its strengths and weaknesses, which we’ll explore in detail in this comprehensive review.

Sportsman’s Guide Buyer’s Club Rewards Visa® Credit Card Key Takeaways

– Discounts and Rewards: Save up to 12.5% on purchases at Sportsman’s Guide, including 7.5% off Guns & Ammo.
– Rewards Rate: Earn 1x point on all other purchases.
– Sign-Up Bonus: Receive a $40 Reward Certificate when you spend $500 outside Sportsman’s Guide within the first 90 days.
– Annual Fee: $0
– APR: Purchase APR is 33.24% Variable, Balance Transfer APR is 26.99%, and Cash Advance APR is 33.24% Variable.
– Credit Score Requirement: Fair (580-669)
– Issuer: Comenity Bank

Sportsman’s Guide Buyer’s Club Rewards Visa® Credit Card Pros and Cons

Pros:

1. No Annual Fee: This card does not charge an annual fee, making it cost-effective for cardholders who want to maximize their savings.
2. Generous Discounts at Sportsman’s Guide: Cardholders can save up to 12.5% on purchases, including an impressive 7.5% off Guns & Ammo.
3. Sign-Up Bonus: New cardholders can earn a $40 Reward Certificate by spending $500 outside Sportsman’s Guide within the first 90 days.
4. Rewards on All Purchases: Earn 1x point on all other purchases, allowing you to accumulate rewards even when shopping elsewhere.

Cons:

1. High APR: The purchase APR is 33.24% Variable, which is significantly higher than the average credit card APR. This can result in substantial interest charges if you carry a balance.
2. Foreign Transaction Fee: This card charges a foreign transaction fee, making it less ideal for international travel.
3. No Intro APR Period: There is no introductory APR period for purchases or balance transfers, which can be a drawback for those looking to finance large purchases or transfer balances from other cards.
4. Limited Rewards Flexibility: The primary focus is on discounts at Sportsman’s Guide, which may not be appealing to those who do not frequently shop there.

Sportsman’s Guide Buyer’s Club Rewards Visa® Credit Card Benefits

1. Significant Discounts at Sportsman’s Guide

One of the standout features of this card is the substantial discounts it offers on purchases made at Sportsman’s Guide. Cardholders can save up to 12.5%, including 7.5% off Guns & Ammo, which can add up to considerable savings for regular shoppers. This benefit alone makes the card highly appealing to outdoor enthusiasts who frequently purchase gear, equipment, and ammunition from Sportsman’s Guide.

2. $40 Reward Certificate Sign-Up Bonus

New cardholders can earn a $40 Reward Certificate by spending $500 outside Sportsman’s Guide within the first 90 days of account opening. This sign-up bonus provides an immediate value that can be used towards future purchases at Sportsman’s Guide.

3. Earning Rewards on All Purchases

While the primary focus of this card is on discounts at Sportsman’s Guide, it also allows cardholders to earn 1x point on all other purchases. This feature ensures that you can accumulate rewards even when shopping elsewhere, providing additional value beyond the store-specific discounts.

4. No Annual Fee

The absence of an annual fee makes this card a cost-effective option for cardholders. You can enjoy the benefits and discounts without worrying about an annual fee eating into your savings.

5. Grace Period for Avoiding Interest

The card offers a grace period of at least 25 days after the close of each billing period. You will not be charged interest on purchases if you pay your entire balance by the due date each month. However, if you do not pay in full, you will not get a grace period on purchases again until you pay the entire balance by the due date for two billing periods in a row.

Conclusion

The Sportsman’s Guide Buyer’s Club Rewards Visa® Credit Card is an excellent choice for outdoor enthusiasts who frequently shop at Sportsman’s Guide. The card’s generous discounts, particularly the 7.5% off Guns & Ammo, can result in significant savings for loyal customers. Additionally, the $40 Reward Certificate sign-up bonus and the ability to earn rewards on all purchases add further value.
However, it’s essential to consider the card’s drawbacks, such as the high APR and the foreign transaction fee. The lack of an introductory APR period may also deter those looking to finance large purchases or transfer balances from other cards. Overall, if you are a regular shopper at Sportsman’s Guide and can manage your balance effectively to avoid high-interest charges, this card can be a valuable addition to your wallet.
Before applying, it’s crucial to assess your spending habits and financial goals to determine if this card aligns with your needs. As with any credit card, responsible usage and timely payments are key to maximizing the benefits and minimizing the costs.
About the Issuer: Comenity Bank
Comenity Bank is known for offering a variety of retail credit cards that cater to specific consumer needs. They provide online account management and customer service to ensure a convenient and user-friendly experience for cardholders.
Rate and Fee Information:
– Purchase Intro APR: None
– Purchase APR: 33.24% Variable
– Intro Balance Transfer APR: None
– Balance Transfers APR: 26.99%
– APR for Cash Advances: 33.24% Variable
– Annual Fee: $0
– Fees for Balance Transfer: Either $10 or 5% of the amount of each transfer, whichever is greater
– Fees for Cash Advances: Either $10 or 3% of the amount of each cash advance, whichever is greater
– Return Payment Fee: Up to $41
– Late Payment Fee: Up to $41
Overall, the Sportsman’s Guide Buyer’s Club Rewards Visa® Credit Card is a niche product that offers substantial value for a specific audience. By understanding its benefits and limitations, you can make an informed decision about whether this card is the right fit for your financial needs and outdoor shopping habits.