If you’re a pet lover, there’s a good chance you’ve shopped at Petco. And if you’ve shopped at Petco, you may have considered getting the Petco credit card.
But is it worth it?
Short answer: If you regularly shop at Petco and can pay off your balance each month, then yes. If you’re anyone else, then no.
Read on for the details.
Is the Petco Credit Card Worth it?
The Petco credit card may be worth it for some people, but there are a few things to consider before applying.
First, the Petco credit card comes with a fairly high APR, so you’ll want to be sure you can pay off your balance each month to avoid interest charges.
Second, the Petco credit card is a store credit card for shopping at Petco. So if you’re looking for a credit card that you can use anywhere, the Petco credit card isn’t for you.
However, there are some advantages to the Petco credit card. For example, the card offers a 6-month financing option on purchases of $199 or more. So if you’re planning a big purchase for your pet, the Petco credit card can help you spread out the cost.
How Does the Petco Credit Card Stack up to Other Cards?
The Petco credit card has a few pros that can be advantageous for shoppers. Firstly, the card offers a $10 reward for every $100 spent at Petco, which can add up over time. Additionally, cardholders can receive discounts on future purchases and access to exclusive sales and promotions.
The Petco credit card does have a few cons that shoppers should be aware of. Firstly, the card has a high interest rate, so it’s important to be mindful of your balance and make sure you’re able to pay it off each month. Additionally, the card may not be as beneficial for those who don’t shop at Petco, obviously.
What Credit Rating Do You Need to Get Approved?
In order to be approved for the Petco credit card, you’ll need a credit score of at least 640. If you don’t have a credit score that high, you may still be able to get approved if you have a co-signer with good credit.
What’s the Petco Credit Card Approval Limit?
The Petco credit card has a limit of $5,000. This may seem like a relatively low limit, but considering you can only use it at Petco, it should be plenty high for most animal lovers.
This isn’t a card you want to carry a balance on, since it has a high APR. So, if you can’t pay off your purchases within the month, look for a different card.
And, if you’re spending more than $5,000 per month at Petco, you should be opening a zoo.
Petco Credit Card Details
The Petco credit card has a late payment fee of $38. This is higher than many other credit cards. But, there is no annual fee for this card.
The Petco credit card also has an APR of 24.99%. This is a bit higher than many other credit cards, but is fairly standard for a store card.
Petco Card Benefits
The Petco credit card offers a $10 reward for every $100 you spend, as well as special discounts and offers from time to time.
You’ll also get 2 points for every dollar you spend at Petco, which can be redeemed for rewards like gift cards, merchandise, or pet supplies.
Petco Application Process
If you’re interested in getting a Petco credit card, the application process is fairly simple.
You can apply online or in-store.
You’ll need to provide some personal information, like your name, address, and Social Security number. You’ll also need to provide some financial information, like your income and your credit score.
A Recap of the Petco Credit Card
The downside of this card is the high late payment fee and high APR. But, if you’re careful to make your payments on time, the Petco credit card can be a great way to save money on your pet-related purchases.