Review: Tractor Supply Credit Cards

tractor-supply-credit-cardTractor Supply Co. offers a consumer credit card and business credit card, one of which (the consumer card) allows you to finance large purchases at reduced interest rates — but be careful. Our overview / review of the Tractor Supply credit cards is below:

Tractor Supply credit cards are issued in partnership with Citibank, but they are only for use at Tractor Supply Co. We generally are not fans of credit cards that can only be used at a single retailer — it’s not worth opening a new credit line unless there is a very compelling offer behind it.

As far as the Tractor Supply Personal Credit Card is concerned, that reason would be the special financing and potential discounts it offers:

  • Last we looked, the card was offering a 0% interest rate for 12 months on purchases over $399, or 0% for 6 months on purchases of $199 or more.
  • For even larger purchases, you could get a 3.99% APR for 36 months on purchases of $1299 or more, or for 48 months on purchases of $6999 or more.
  • For purchases over $1299 made with the card, you can also forgo the special financing and instead take a 5% discount on the entire purchase.

There is a big catch to the 0%-interest offers which you need to understand: you must completely pay off the purchase within the timeframe of the agreement or you will get charged all of the interest that would’ve accrued since the day you made the purchase — as if the 0% offer had never existed! And that interest will be charged at the card’s “regular” interest rate of 27.99%!

The Tractor Supply Business Credit Card, on the other hand, does not offer special financing, and it has an interest rate of 22.16%, so we can’t see a good reason to want this — use your lower interest business credit card instead.

Of course, it’s up to you. To apply for either Tractor Supply credit card, you’ll find online applications here.