What credit score is needed for a Good Sam comenity credit card?
By
Elaine Knight
In this blog post, we will answer the question: “What credit score is needed for a Good Sam comenity credit card?” We will discuss the key features of the Good Sam comenity credit card. We will also describe the pros and cons of the Good Sam comenity credit card. At the end of this post, you will get to know all about the Good Sam comenity credit card.
What credit score is needed for a Good Sam comenity credit card?
A credit score of 650 is required for a Good Sam comenity credit card. The Good Sam comenity credit card can be used at all places where Visa is accepted. It can be used at multiple Good Sam family brands and in the camping World. It can also be used at all Good Sam campgrounds, Overton’s products, and services.
The Good Sam comenity has no annual fee and it is one of the best low-cost cashback cards that are available. The Good San comenity is a charge card and it does not have a regular APR or interest charge. Hence, you will be required to pay your balance in full every month. The Good Sam comenity credit card is mainly used by motorhome owners.
Good Sam comenity credit card key features
The Good Sam comenity credit card has some key features that have been useful to most people. These features were established to help consumers. Here are some of the key takeaways that arrive with the Good Sam comenity credit card.
Signup bonus
- The moment you sign up for the Good Sam comenity credit card, you are sure to receive a sign-up bonus. You get a bonus of 2000 points and these points can be redeemed for gifts, travel, and other picks.
- Note that these are points and not cash rewards. The spending period for these 2000 points is only three months. If you fail to spend the amount within three months of signing up, the points will get deducted automatically.
Good reward rate
- One of the key takeaways of benefits is the generous reward rate. You are sure to get a minimum reward rate of 3x and a maximum reward rate of 5x. Be sure to make good use of the generous reward rate that is provided.
No annual fee
- Unlike most of the other cards, Good Sam’s comenity has no annual fee. If you are looking for a low-maintenance cashback card for all your purchases, the Good Sam comenity is said to be one of the best options. There is no need to pay an annual fee for the privilege.
Competitive APRs
- The Good Sam comenity credit card also offers competitive APRs. This card has a variable purchase APR that can range from 13.99 percent to 24.99 percent. The APR percentage varies according to the purchase that is made.
Gas rewards
- While there are a few cards out there that provide gas rewards. The Good Sam comenity credit card offers gas rewards on eligible gas purchases. This has been said to be one of the major advantages for motorhome owners.
5 percent balance transfer fee
- You also get a 5 percent balance transfer fee. Some of the other credit cards have a higher transfer fee but the Good Sam comenity sticks to a 5 percent balance transfer fee rate. For a $1000 balance, the transfer fee can cost $50 and the minimum fee is only $10.
Those were some of the key features of the Good Sam comenity credit card. The Good Sam comenity credit card is pretty well-known in the motorhome world and many motorhome owners find this useful while camping and traveling. If you hit the road often the Good Sam comenity credit card might come in handy.
Pros of the Good Sam comenity credit card
The Good Sam comenity credit card has several benefits if you are a frequent traveler. While most motorhome owners opt for the Good Sam comenity card, there is also a huge list of people who are not motorhome owners but still use the Good Sam comenity card for its benefits. Here are some of the benefits of the Good Sam comenity card.
- The card provides higher rewards and this comes in handy at various places like Camping World, Good Sam, Overton’s, The House, Gander Outdoors, and Coast to Coast.
- It also offers potentially lower-than-average purchase APRs and there is no annual fee.
- All cardholders are eligible to earn rewards on their purchases.
- The Good Sam rewards visa card reports to multiple credit bureaus.
- The Good Sam comenity card also has a good cashback program. You get to earn a percentage of your purchases as cashback rewards. This enables you to a three percent cash back on travel, groceries, drugstore purchases, dining, and more.
- If you spend $1000 on a product, you are eligible to receive $30 back in cash. You can also earn up to 5 percent for purchases in a bonus category.
- It also has zero fraud liability which is one of the major benefits.
- All card owners can contact customer service with ease in case of any queries. There is a separate login page for customers and also an email to contact support if required.
- Applying for the Good Sam comenity credit card is pretty easy if you have the right credit score. You need to visit the Good Sam credit card website and simply fill out the application form.
Cons of the Good Sam comenity credit card
While there are several pros of the Good Sam comenity credit card, there are also several cons that come along. The Good Sam comenity credit card has positive reviews but there are also a couple of negative reviews due to these cons. Here are some of the cons of the Good Sam comenity credit card.
Foreign transaction fees
- The Good Sam comenity credit card has a slight disadvantage when it comes to foreign transaction fees. It is advised not to use this card abroad since it charges a commission of 3 percent each time a transaction is made outside the US.
High-interest rate
- Remember that the Good Sam comenity credit card requires all payments to be made in full every month. If you fail to make the payment in full each month, the interest rate is pretty high and this is one of the other disadvantages.
5 percent balance transfer fee
- While some people find this a benefit, some of them find this a major disadvantage. The Good Sam comenity credit card has mixed reviews in this situation making this a pro and cons for many.
- Some people find the 5 percent balance transfer fee to be less than the other cards while some this too much.
No major credit card benefits
- While the Good Sam comenity credit card is designed with motorhome owners in mind. It does not include any credit card benefits. Hence, for those who do not have motorhomes, there is no reason to get this card. Other credit cards offer several benefits to their consumers.
It is important to make payments on time if you use the Good Sam comenity credit card. Failing to pay on time can make this a bad experience. Hence, several people advise you not to opt for this card unless you are sure to make payments on time. The interest rate is too high and you have a due date of 25 days after the close of each billing period.
Failing to make the full payment on time will not get you a grace period on purchases until you pay the entire balance. You will need to pay the entire balance by the due date for two billing periods in a row. You will also be charged for interest on balance transfers and cash advances on the transaction date.
Conclusion
In this blog post, we have answered the question: “What credit score is needed for a Good Sam comenity credit card?” We have discussed the key features of the Good Sam comenity credit card. We have also described the pros and cons of the Good Sam comenity credit card. Have you used the Good Sam comenity credit card? Drop us a comment below and let us know.
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