The Gander Mountain credit card is a good choice for outdoor enthusiasts who shop regularly at Gander Mountain or Overtons.com and don't have the credit to qualify for a major rewards credit card. It is particularly attractive for those who spend a lot on gas and groceries and don't mind getting their rewards in Gander Mountain cash certificates.
The interest rates on Gander Mountain's credit card are what you would expect from a store credit card: not great. They range from 16.99% to 24.99% APR on purchases, depending on your creditworthiness. If your credit is good, the interest rate is acceptable. Although if you have good credit, you should probably apply for a better credit card.
The interest rate on balance transfers and cash advances is high: 24.99%. This is certainly not the card to use for cash withdrawals and balance transfers.
Gander Mountain's credit card doesn't have an annual fee, which is what you would expect from a store card. It does have a $10 or 3% (whatever is greater) balance transfer and cash advance fee, and a $35 late payment and returned payment fee. There is also a 3% foreign transaction fee to remember.
Bottom line, don't use it outside of the United States and never keep a balance or use it on an ATM.
Gander Mountain has a stacked rewards program that offer 3 points for every dollar spent on Gander Mountain and Overtons.com, 2 points for every dollar spent on gas and groceries, and 1 point for every dollar spent on all other purchases.
The double reward rate on gas and groceries only applies to the first $500 every month. After that, the rate drops to 1 point per dollar. Spend $500 a month on gas and groceries and get back $120 a year.
The only way to redeem your points is as cash certificates, which can only be spent at Gander Mountain stores. Every point is worth a cent, so 20,000 points can be redeemed for a $20 cash certificate.
Gander Mountain's credit card comes with a $60 signup bonus when cardholders spend $500 and make at least one purchase at a location other than a Gander Mountain store.
The signup bonus and rewards program are excellent for a store credit card. The interest rates are on the high side, particularly for balance transfers and cash advances; but it doesn't have an annual fee. As long as you avoid keeping a balance and don't use it for cash advances, this card can provide significant discounts on your Gander Mountain and Overton's purchases.
|Comenity Bank - Ann Taylor MasterCard||
|Comenity Bank - Love Loft MasterCard||
|Marathon Visa - through Comenity Bank||
Be the first to write a review for this company!Write a Review