Verdict: The Meijer Credit Card offered by GE Money Bank gives shoppers access to multiple services not available to other customers at Meijer stores. However, users should balance the convenience of a store specific credit card against higher than normal interest rates and consumer complaints about customer service. Meijer customers may be better served by upgrading to the Meijer Platinum MasterCard if their credit history is acceptable to the issuing bank.

Overview:

The Meier Credit Card is a convenient way to save money on Meijer gas and other purchases as well as earning money for local charities and college tuition. Cardholders can receive many special promotions not available to other Meijer customers. However, Meijer encourages holders of the standard Meijer credit card to upgrade if possible to the Platinum version by offering more rewards and incentives, including lower interest rates.

How this card works:

Each time the card is used, the amount purchased is charged to the account. The cardholder can pay off the balance when convenient.

Shopping benefits:

New cardholders can save 10 percent on their first purchase of groceries clothing or general merchandise (with some restrictions).

All cardholders save five cents per gallon of Meijer gas by using the card.

Each cardholder can designate a local agency (schools, churches or charity) for the Meijer Community Rewards program. Each agency will receive one percent of the purchase price each time the Meijer credit card is used.

Cardholders and their children can receive up to five percent of the purchase price of certain products deposited into a UPromise savings account to be used toward college tuition and expenses.

Cardholders may pay their bill at any Meijer store, online or by mail.

New cardholders may apply in store for instant credit. (Certain restrictions apply.)

Note: Meijer also offers a Platinum MasterCard, which offers a variable annual percentage rate depending on the cardholder’s credit history. It also issues “Meijer Bucks” based on points earned for accumulated purchases. Earn 2,000 in points and receive $10 in Meijer Bucks that can be used toward most purchases at the store.

Fee:

There is no annual fee.

The grace period is 25 days if there is no previous balance or if full payment is made. Otherwise there is no grace period.

Payment is due by 5 p.m. on the day payment due date. Finance charges will be added on the transaction date or on the first day of the billing period in which the purchase is posted to the account, whichever is later. The minimum finance charge is $1.50. The annual percentage rate is equal to the prime rate plus 15.20 percent. At this writing, the annual percentage rate for purchases is 23.45 percent.

Late payment fees range from $15 for balances less than $100; $29 for balances from $100 to $999.99 and $35 for balances of $1,000 or more.

Balance transfers are not available. However they are available on the Meijer Platinum MasterCard, which has a balance transfer fee of 3 percent of the balance or $5, which ever is greater, but no more than $75.

Pros:

Cons:

Consumer credit card comment sites report poor customer service: Promotional offers promised but never received, difficulty in resolving issues etc.

Although Meijer’s Community Rewards programs allowed Meijer customers to designate more than one charity, the program now allows only one per cardholder. This can be problematic for those who wish to donate to more than one agency (i.e., their child’s school and their church.)

Balance transfers are not available.

Apply for the Meijer Credit Card from GE Money Bank.

(1 votes, average: 1.00 out of 5)

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