AAMCO credit card from GE Capital vs other financing options

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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AAMCO credit card from GE Capital vs other financing options

Postby hideous » Thu May 30, 2013 5:01 pm

For transmission repairs that cost upwards of $1400 would the credit card from AAMCO be a wise choice for someone with an average to below average credit history. Or are there better financing options elsewhere even if someone has a credit score in the low 600s. Thanks

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Postby im_mr_awesome » Thu May 30, 2013 8:47 pm

I'd go for a bank loan instead of a credit card. You're more likely to get a decent interest rate from a bank or credit union than any credit card.

Especially since this is likely to be just like a store card, so you're looking at 20.99%apr or higher.
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Postby rockyrock » Fri May 31, 2013 1:41 am


I avoid gas cards like the plague.
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Postby CCG » Wed Jun 05, 2013 9:29 pm

My advice on these types of cards are always the same: they should be your last resort.

It has an interest rate of 29.99%. While I'm not familiar with the AAMCO credit card, I would check and confirm if the 6 months no interest is truly 0% interest or if it's "no interest if paid in full." The latter will charge you the interest retroactively if you don't pay off the purchase entirely within the 6 months.

If you have really bad credit, it may turn out to be all that you can qualify for. They do have a no credit check option, which is different from their GE Car Care One card. The no credit check version only requires a checking account. With it your purchase is split up into 10 monthly payments, which are auto-debited from your checking. My guess is this one probably even has a higher interest rate.

If you can qualify for something better, go for it and use that to pay for your transmission from AAMCO. I would recommend trying out this sponsored tool. Simply enter your information and it will tell you which card offers you are pre-qualified for. Good luck!

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Postby adriangonzo » Fri Jul 19, 2013 2:20 pm

rockyrock wrote:I avoid gas cards like the plague.

Huh what? You must be thinking of Amoco, he said AAMCO :ppp

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