This Newegg credit card review will disclose all the details and features, pros and cons of this store card. Apart from that, our article will also show you how to make login or make a payment on your card. After all, you will find out about all necessary requirements and get to know some alternatives of this card.
Newegg Credit Card Review
Annual fee: $0.
Purchase APR: 29.99% variable.
Recommended credit score: from 620 to 850.
Most suitable for: customers seeking to buy electronics and get cheap financing for this purpose.
This Newegg store credit card appears to be another card among countless store branded credit cards. Yet, more and more people tend to be interested in getting this credit card. Is this credit card worth getting at all? Let’s find out it in this Newegg credit card review!
First of all, we should point out that this credit card doesn’t have an annual fee – this is normal among stores branded credit cards. Even though this credit card doesn’t specify the exact Newegg credit card credit score requirements, we estimate that your credit score should be no lower than 620 in order to get this credit card. But the credit card’s interest rate is really high and reaches 29.99% per annum – this is also normal for a store card.
This Newegg store credit card is not a part of a larger network (such as MasterCard or Visa), and this implies that you can use this credit only at Newegg. The main benefit of this credit card is seemingly the promotional financing. If you pay your loan on time, you will be charged a zero of interest.
If you fail to pay that loan on time, you will be charged the entire “deferred interest,” i.e. you will have to pay the interest on the entire principal (despite that you paid on time the rest of the sum). Considering that the interest rate is almost 30,00% per annum, we highly discourage you from getting into such a situation.
Currently, there are two types of special financing offers from Newegg: “everyday” financing and extended financing. You will pay no interest on everyday financing if you:
Apart from that, if you purchase certain products, you will be eligible for extended promotional financing. This type of financing allows you to borrow with no interest, if you pay the loan within the period of 18, 24, or 36 months (depending on the conditions of the loan/purchase). These are definitely not that bad benefits of the Newegg store credit card.
Additionally, you can get additional rewards by upgrading to a Premier Membership, which costs $50 per year ($20 for students). These are the following features of the Premier Membership:
Apart from these features of the Newegg store credit card, there is barely anything worthwhile. Indeed, Newegg says that you will get a comfortable online management of your Newegg store credit card as well as an application result within seconds. However, that’s something that all store branded credit cards have. Therefore, you should get this card only if you need a special financing period for purchasing electronics.
Newegg Credit Card Login
If you want to pay your card or check your card balance, you should log in to your credit card account online. In fact, the entire Newegg credit card login process does not take more than a couple of minutes. At this point of our Newegg credit card review, we will demonstrate you how to access your credit card account online step by step.
- The first thing you have to do is to start the Newegg credit card login process by clicking on this button:
- Once you have got to see the webpage of Synchrony Bank, you should click on the “YOUR ACCOUNT” text button in the right-upper corner.
- Following it, you will get to see an online banking form – that’s the place where you can make a Newegg credit card login.
- At first, you have to type your username in the first field of that form.
- Secondly, you should enter the password of your card account in the second field there.
- You are also able to check the box near “Remember User Name,” which will allow you to save your username for future sessions.
- After all, you are able to click on the “Secure Log In” button and log in to your card account online right away.
- If you have done everything correctly, you will get signed in to your account in a matter of seconds. There, you will be able to pay your Newegg store credit card or check your current balance.
Newegg Credit Card Payment
Once you have got a Newegg store credit card, you should make timely payments on this credit card. Since its interest rate is astonishingly high, we don’t recommend anyone to make late payments. At this stage of our Newegg credit card review, we will disclose all three ways how to make payments on your card.
The first way to pay your Newegg store card is to do it online. In order to do this, you should follow the guidelines of the previous “Login” section and access your credit card account online. There, you will be able to pay your card right away, easily and conveniently.
Another popular method of paying a Newegg store credit card is making payments by phone call. For this purpose, you should call 1-866-396-8254 and follow the instructions from the operator. That will allow you to pay your card.
After all, you can send your payments by mail. When mailing payments, you must ensure that there is enough time left before you will actually mail it – this will help you avoid late payment fees. This is where you should mail your payments:
Apply for Newegg Credit Card
If, after reading this Newegg credit card review, you want to apply for this card, you should follow our actionable guide in this section. As you can see, it tends to be incredibly easy to apply for a Newegg store credit card. Just stick to the guidelines step by step.
- The first thing you have to do is to click on the following button:
- Then, you will be asked to sign in to your Newegg account – do it and log in to your account.
- Right after doing so, you will get to see the application form. Start filling it out. At that point, you should enter the initial purchase amount, your first and last name, and physical address.
- Then, you have to proceed further by providing your primary and alternate phone numbers, email address, social security number, date of birth, and monthly incomes.
- At the bottom of that page, you will be able to add a joint applicant, which will help you to increase the overall credit in this application. Check the box and add that person, if you need to do so.
- Once you have filled out this application form, you should click on the “Continue” button at the bottom and proceed further.
- On the following page, you should select your card option and click on “Continue.”
- Right after that, your application will be submitted and you will get to see the result of your application right away.
Newegg Credit Card Alternatives
If this Newegg store credit card is not the best option for you, we have selected a few alternatives. These credit cards might definitely suit your needs better than currently the Newegg store card does.
Newegg Store Card vs Discover It Secured Credit Card
If you don’t need actually financing but you would rather prefer to enjoy cash back rewards, you might favor the Discover It Secured card. Even if you have a really poor credit, having this credit card might help you to get decent rewards right now.
First of all, this Discover card grants you a 2% cash back rate on gas purchases and purchases at supermarkets for up to $1,000 per quarter. Additionally, you will get 1% cash back on everything else. Considering that Discover will double all your cash back at the end of the first year, you will get a reward rate from 2% to 4% – a fairly generous offer for a person with a poor credit.
Indeed, there is a downside as well. This credit card is a secured one, which means that you need to make a security deposit in the first place. But if you can afford to do it, you should definitely get this credit card – this will allow you to improve your credit while enjoying decent cash back rewards.
Q: How does Newegg credit card work?
Unfortunately, this Newegg store credit card doesn’t provide rewards for purchases. Besides, this is a store credit card, which means you can use it only on the website of Newegg or in its stores.
Q: Where can you use your Newegg credit card?
This credit card is not a part of a larger network like Visa or MasterCard, which means that you can use this credit card only at the stores or on its website.
Q: What bank issues the Newegg credit card?
Synchrony Bank issues credit cards for Newegg. Actually, Synchrony appears to be one of the largest U.S. credit card issuers, and there are plenty of different Synchrony credit cards.
Q: Is the Newegg credit card worth it?
It depends on one question: do you need an interest-free financing to buy electronics? If the answer is “no,” you definitely shouldn’t go after this card. On our opinion, a credit card that doesn’t provide rewards for purchases is not worth even considering.
Q: How to use Newegg credit card?
As we have pointed out in this Newegg credit card review above, you can use it only in the stores of Newegg or on its website.
Q: How long does it take to get approved for Newegg credit card?
Nowadays, Synchrony Bank issues credit cards for Newegg. This means that you will get the results about your application instantaneously.
Q: How to see if I was pre-approved for a Newegg credit card?
As we have stressed in the answer to the previous question, nowadays you do not get pre-approved for this credit card. You get immediately approved or declined, and this means that Synchrony Bank does a hard check (i.e. your credit score will be lowered if you get declined for this card).
Q: How hard is it to get a Newegg credit card?
Even though there are no strict Newegg credit card credit score requirements, we estimate that you should have a credit of at least 620 to get this credit card. This means that you should have at least a fair credit, meaning that it doesn’t tend to be so difficult to get this store credit card.
Q: What credit score do I need for a Newegg credit card?
As we have already stressed in this Newegg credit card review, your credit score should be no lower 620 (or fair).
Q: How old do you have to be to buy a Newegg store credit card?
First of all, this credit card is not bought – you get it after submitting an application and getting approved for it. Secondly, you should be aged 18 or more in order to get this credit card.
Q: How to get Newegg credit card?
The first thing you have to do is to match the criteria, which include the credit score requirements, being aged 18 or more, and being a U.S. citizen. Once you match these criteria, you can submit an online application (see how to do it in the “Application” section of our Newegg credit card review) and expect to get this credit card.
Q: How to apply for a Newegg credit card?
As we have just answered to the previous question, you should follow our guidelines from the “Application” section of this review.
Q: How long does it take to take a Newegg credit card to come in the mail?
The process of Newegg store credit card delivery may take from a few days to three weeks.
Q: How to pay my Newegg credit card?
As you could read in this Newegg store credit card review above, there are three ways how you can pay your card. First of all, you can do it online – just log in to your account (see the “Login” section) and pay your card from there. Secondly, you can call 1-866-396-8254 and pay your card by phone. After all, you can mail your payment to the following address:
Q: How to pay with Newegg credit card?
Considering that you can pay with this card only at Newegg stores or on the website, you can easily do it. You can use it like any other credit/debit card in-store. On the Newegg website, you should link this card to your account – this way, you will be able to pay with it on the company’s website.
Q: Where to go to pay Newegg credit card?
As we have stressed in this Newegg credit card review, you shouldn’t go anywhere. There are three ways to pay your card: online, by phone, and by mail. Please, follow the guidelines from the “Payment” section of this review in order to pay your card.
Q: How to check my Newegg credit card?
In order to check your Newegg store card balance, you should sign in to your account online. For that, please stick to our guidelines from the “Login” section of this guide.
Q: How to close a Newegg credit card?
At the present time, there is only one way to close your credit card from Newegg: by phone. For this purpose, you should call 1-866-396-8254 and follow the instructions from the operator.
Q: How to cancel Newegg credit card?
As you can see in the answer to the previous question, you have to call 1-866-396-8254 in order to cancel your card.