Earlier this year it was announced that Synchrony would be issuing a Newegg.com store credit card. That card has now launched and is available for new sign ups. The card doesn’t have a rewards program and can only be used for purchases on newegg.com & neweggbusiness.com, it does offer special financing for your purchases dependening on their dollar amount and Newegg will give cardholders access to special promotions. You can view the special financing terms below:
Personally I don’t see the attraction in cards like this, even if you’re a regular at Newegg you’d surely be better off getting a card that earns a category bonus at electronic stores (or however it codes) or putting purchases on a card with an introductory APR of 0% that also earn at least 1%. The only exception would be if the exclusive deals they offer are actually useful, it’s obviously too early to tell if that’s the case (although please leave your experiences in the comments if you do sign up for this card).
Store cards aren’t usually targeted at people with exceptional credit though, so maybe I’m being too harsh on this card but I don’t see the appeal at all.
