With over a 1,000 locations, Tractor Supply Company is by far the largest chain for what they sell. In their own words:
“You can buy everything we carry someplace else, but you can’t find someplace else that sells everything we carry.”
Can’t argue with that, right?
But what I can argue about is using the Tractor Supply credit card. Take a look for yourself and you decide if it’s the best deal or not.
TSC Personal Credit Card?
The application says it offers deferred financing plans and monthly payment plans. The latter of which was advertising this:
Tractor supply credit card financing plans
|$499+ in purchases||Payments are spread out over 24 months|
|$999+ in purchases||Payments are spread out over 48 months|
On both of these, the APR is 13.99%.
Regular purchases outside of those plans have a variable APR of 26.49%. And rewards? I don’t see any!
Whether you’re buying a $3,000 Club Cadet tractor or just $30 worth of John Deere parts, this card offers little incentive for you to apply. You probably would be better off with a good ol’ regular Visa or MasterCard instead.
TSC Business Credit Card?
On the brightside, this type offers itemized invoices and captures purchase order numbers. Obviously this is helpful if you run a business.
But this isn’t much better than the personal version of the TSC card when it comes to interest rates…
Now if you pay in full on a monthly basis then I suppose the interest rate won’t matter.
But if you’re like my buddy who runs a landscaping and snowplow business, he’s constantly having clients pay late and that leads to him carrying debt once in a while on his cards. If you can relate to that, try and find a business credit card offer that has a lower APR than 22% and just use that to pay for your purchases at Tractor Supply Company.
Written or last updated for Jan 2017