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Trek Credit Card

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1.0 out of 5 stars
2 Reviews

From Cardholders in the last year

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ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL

Application Process

3.5 out of 5 stars

Customer Service

4 out of 5 stars

1 5
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These reviews were written by current and former cardholders in the last year.

Oct 10, 2016
This isn't Financing, it's a credit car
BrentGA Cardholder

I applied for one of these to finance a bike; what they don't tell you is that it's not at all like a car loan.  With a car loan, you make payments to chip away at your balance, with the Trek card you are penalized on your credit score for not paying it off immediately.  I had a 700 credit score for a year, but this Trek card secretly dropped my credit score to 650.

50 POINTS OFF MY SCORE FOR NOT PAYING THE CARD OFF IMMEDIATELY. This card nearly ruined my credit score.

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Feb 16, 2016
Be Careful - Hidden Fees
Anonymous Cardholder

I applied and received a $6500 limit. We purchased bikes with a 25% APR which isn't great, but we accepted that. Paid over the minimum payment each month and 6 months later I'm over 50% paid off and they hit us with a $1500 new interest charge plus a $200 fee to administer said charge. I read through my paperwork and didn't see anything about how or why this could happen. I've written to complain but so far no response. I am outraged. Pushes us almost back to our credit limit. Be wary. 

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Mar 25, 2016

This is probably because if you don't pay the entire thing off within the 6 or 12 months you get charged interest since the beginning. The incentive is to pay it off by the appropriate date and you don't get charged any interest.

 
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Trek Credit Card