Dell Credit Card Review | CreditShout

Dell Credit Card Review

By Kevin / March 18, 2010

THIS PAGE MAY CONTAIN AFFILIATE LINKS. MEANING WE RECEIVE COMMISSIONS FOR PURCHASES MADE THROUGH THOSE LINKS, AT NO COST TO YOU. PLEASE READ OUR DISCLOSURE FOR MORE INFO.

Verdict: Financing through a Dell Preferred Account can be a good option for those who are responsible and can pay back the balance in full within 6 months. If the balance is not paid off within 6 months I would not recommend financing through Dell because you are hit with an extremely high interest rate and have to pay all interest that would have accrued since your purchase.

For those of you who are looking for a better alternative for earning rewards on your electronics purchases, I would recommend the Discover More Card which allows you to earn 5% back on all Dell.com purchases you make through the ShopDiscover program. You can also earn 5% back on your other purchases such as travel related purchases, home improvement purchases, and on gas.

Overview: Dell offers a financing option, the Dell Preferred Account for those who are looking to finance their dell purchase. This is not a traditional credit card but a loan offered through Dell.

How this card works: This card allows you to finance your Dell.com purchase (presumably a computer) through Dell. If your purchase is $699 or over, you have 6 months to pay off your balance interest free.

Like financing options that are offered by Apple – The catch which this is that you fail to pay your balance off completely in 6 months, you are then required to pay the balance with interest accrued from the date that the computer was purchased. I HIGHLY recommend avoiding this program if you can’t pay off your balance in full in the 6 months because you will be hit with an extremely high interest rate (the exact rate depends on your credit).

Pros:

  • No interest on purchases for 6 months.

Cons:

  • After the 6 month promotion period is up, you are hit with an extremely high interest rate.
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.Additionally, the opinions of the commenters are not necessarily the opinions of this site

1comment

Leave a comment:


shares