Review: Golfsmith Credit Card

golfsmith-credit-cardNOTE: This card is no longer available…

Golf equipment and apparel retailer Golfsmith, in partnership with Synchrony Bank (formerly GE Capital Retail Bank), offers a credit card that allows you to finance your pricey golf purchases with no interest, but the devil is in the details. See our overview / review below to see just what that means:

The Golfsmith credit card can only be used at Golfsmith stores and Golfsmith online. This limited usage is something to consider: do you really want to open a new credit line just for golf purchases?

Maybe you do. And the motivating factor would probably be the fact that you can finance certain Golfsmith purchases at a 0% interest rate:

  • Pay no interest on purchases of $499 or more if your balance is paid off within 12 months
  • Pay no interest on purchases of $299 and up if you pay off the purchase within 6 months.

Sounds good, right? Well, yes, IF you pay off the complete balance in time. However, if you don’t, you’ll want to understand this paragraph in the fine print:

Interest will be charged to your account from the purchase date if the promotional purchase is not paid in full within the applicable promotional period.

So, if you fail to pay off even $1 of the purchase you make under the 0% agreement, you will be hit with ALL of the interest you would’ve paid from the day you made the purchase, and at the card’s standard interest rate of… 29.99%!!! This is very important to understand — this card makes money off of people that take the 0% deal and then screw up and have to pay a roughly 30% premium on their purchases. Don’t be one of those people!

That said, if you think you can handle it, you can apply for the Golfsmith credit card at a Golfsmith store or with this online application.

See also: No Annual Fee Credit Cards, Instant Approval Credit Cards, Golfsmith Credit Card Payment, Login, and Customer Service Information