So what’s all this about a card called the American Octane credit card. The American Octane card is not a regular credit card as it carries no major credit card logo like Visa or Mastercard and it can only be used to make purchases for items on the American Octane website. You can’t use the American Octane card for purchases at other merchants like regular credit cards.
American Octane card ‘benefits’ according to the website
- 0% APR for the Life of the Card
- 100% approval regardless of past credit
- Fraud Protection
- Easy Online Bill Pay
- Zero Liability for Unauthorized Purchases
- Credit limits between $500 and $10,000
American Octane Card – Fees
What does it cost to get the American Octane card? Although the card has a 0% APR, there are also these fees as indicated on their website:
- $99 one time setup fee at time of approval
- $9.95 monthly fee
American Octane Card – Why Do you need it?
So, what’s the point? Why would I want to spend ten bucks a month to buy stuff off this website that I could probably find cheaper somewhere else, and just use my regular credit card. I also have to pay a $99 set up fee. Again, why would I want to do that?
Some may say that it’s a good card for people who have bad credit. You put down 50% of your purchase and the balance is financed by American Octane. But if your credit is bad, you shouldn’t be buying flat screen TV’s anyway. Also, American Octane doesn’t guarantee at all that this card will help improve your credit score. It’s basically just a club type card used to purchase products from their website.
