Menards offers a credit card to its customers to make buying merchandise easier and more convenient. Menards credit cards for individual customers and contractors are available from the company. Compare other credit card offers now!
Menards is a home improvement retailer that operates brick and mortar stores in the Midwestern region of the United States. The company was established in 1962 and as of the fall of 2010, operated over 285 stores in 13 states.
The Menards credit cards are accepted in this company’s stores. Customers can also use them at Speedway, Holiday, SuperAmerica, Kwik Trip and Kwik Star stores.
Menards Credit Card Features
The APR (Annual Percentage Rate) for the Menards card is 24.99%. If a customer has been late with payment, this interest rate is adjusted to 27.99%. This default interest rate will be in place for a minimum of six months. If the customer makes payments on time during that period, the interest rate will revert to the normal one after that point.
The grace period for purchases is 23 days. If the accountholder pays his or her retail credit card balance in full during this time, no interest will be charged. The minimum amount that will be charged in interest is $2.00 per month on eligible purchases.
No over the limit fees are charged on this card. Late fees are charged based on the outstanding balance on the card and range from $10-$35.
Accountholders can access their account information online and make payments in this manner as well.
Menards Credit Card Benefits
Cardholders receive a $10 in-store certificate when they charge their first $100 on the Menards card.
Using the card also gives them the benefit of receiving a 2% rebate on all of their Menards purchases.
Menards Credit Card Offers Convenience, High Interest Rates
If you are going to be buying from the retailer regularly, getting this card may make sense. The 2% rebate on purchases is a good feature if you have a large project that you will be working on. The interest rate charged on unpaid balances is quite high, so you will want to be sure that you can pay it off quickly. Compare online credit card rates now!