Razer is launching a prepaid credit card

DanNeely

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https://www.razer.com/razer-card

1337 people in the beta, because of course they'd cap it at that. 🙄🙄

I find it most amusing that it's a prepaid card, not a normal credit card; because prepaid cards are normally only for people whose credit is too bad to get a post-paid account; so you'll be in an elite group of people if you get the card. 🤦‍♂️🤦‍♂️


Comes with exactly 1 Frag Harder Disco bLight; which means your card will be outdated and need replaced after a year or so when the new model comes out with two of them, and then again a year later when they release a card with a half dozen of them that change color based on how much you just spent.
 

toast0

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*Currently open to Singapore only, participants must be 16 years old and above, other terms and conditions of the program apply.

You need a +65 number, and probably a singapore address to ship to, and maybe singapore banking to add money. 1% cashback on a dorky novelty card isn't too bad though. 2% at fidelity is better, but the card doesn't light up.
 

Shoganai

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*Currently open to Singapore only, participants must be 16 years old and above, other terms and conditions of the program apply.

You need a +65 number, and probably a singapore address to ship to, and maybe singapore banking to add money. 1% cashback on a dorky novelty card isn't too bad though. 2% at fidelity is better, but the card doesn't light up.
That’s quite lame.
 

RareAir23

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I think it could be a quality credit card depending on the customer wanting to use it. Leads me to ask this though: We've already had 1 gaming-themed credit card. GameStop's credit card. It isn't a good one and its introductory APR interest rate is ass (28.99% last I checked). How much more benefit to the gamer would this card provide compared to GameStop's? Is the introductory APR better at least? Out!
 

HeadRusch

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This is like marketing cigarettes to kids...and that worked out REALLY WELL for like 50+ years here in the states......so I totally get it.
 

DanNeely

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I think it could be a quality credit card depending on the customer wanting to use it. Leads me to ask this though: We've already had 1 gaming-themed credit card. GameStop's credit card. It isn't a good one and its introductory APR interest rate is ass (28.99% last I checked). How much more benefit to the gamer would this card provide compared to GameStop's? Is the introductory APR better at least? Out!

There's no APR. This is a pre-paid card, which means instead of spending money and getting a bill at the end of the month, you transfer money from your bank account to the card - which lets the card operator make money by using it to buy short term bonds/etc - and then can spend if off your card down to a $0 balance again.
 

kirbyrj

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There's no APR. This is a pre-paid card, which means instead of spending money and getting a bill at the end of the month, you transfer money from your bank account to the card - which lets the card operator make money by using it to buy short term bonds/etc - and then can spend if off your card down to a $0 balance again.

Prepaid credit card is kind of a misnomer. It's basically a debit card through the Bank of Razer or whatever provider they are using. There is no "credit" being extended.
 

sphinx99

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Prepaid credit card is kind of a misnomer. It's basically a debit card through the Bank of Razer or whatever provider they are using. There is no "credit" being extended.

well it’s still a credit card; it’s just you providing the line of credit to Razer.
 

DanNeely

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Prepaid credit card is kind of a misnomer. It's basically a debit card through the Bank of Razer or whatever provider they are using. There is no "credit" being extended.

The difference between a prepaid credit card and a debit card is whose networks the transaction is processed through. CC networks charge higher fees than bank networks. Which is why CC companies can afford to offer 1% rewards; they's paid for out of the larger fees that are charged.
 

westrock2000

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I find it most amusing that it's a prepaid card, not a normal credit card; because prepaid cards are normally only for people whose credit is too bad to get a post-paid account; so you'll be in an elite group of people if you get the card. 🤦‍♂️🤦‍♂️

I'm not arguing your point in general, I think you are probably right. But I recently got a pre-paid credit card for paying for stuff online....the more shadier companies (like file sharing). That way if they try to over charge, or my card info gets stolen I don't have to worry too much.
 

Iratus

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Came in to make the joke about it having rgb, joke was on me when I saw it did actually light up.

Singapore does have a ton of incredibly well off nerds, I can see it working there. Sadly.
 

RPGWiZaRD

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Personally instead of Google Pay on the phone I have rather been thinking of going NFC & waterproof ring route as payment device for daily life for the added coolness & convenience factor (no charging required and don't have to reach for my phone in my pocket). Cards are getting so last season in my book that I would ideally like to not have to carry my slim debit card wallet around locally, even RGB cannot save them! Although I don't want to get a mastercard for that perk alone, maybe it gets expanded to other card options soon.
 

Ready4Dis

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https://www.razer.com/razer-card

1337 people in the beta, because of course they'd cap it at that. 🙄🙄

I find it most amusing that it's a prepaid card, not a normal credit card; because prepaid cards are normally only for people whose credit is too bad to get a post-paid account; so you'll be in an elite group of people if you get the card. 🤦‍♂️🤦‍♂️


Comes with exactly 1 Frag Harder Disco bLight; which means your card will be outdated and need replaced after a year or so when the new model comes out with two of them, and then again a year later when they release a card with a half dozen of them that change color based on how much you just spent.
It makes a lot more sense as their isn't as much risk involved with a pre-paid. Also, pre-paids aren't just for people with bad credit. Some people don't like carrying cash or having a card tied directly to their savings/checking and prefer to use prepaids. If they lose it or it gets stolen, they are only out a small amount. Also it's a good way to give kids an allowance nowadays which allows them to make online purchases (and again, it's not tied directly to your bank account). Anyways, I doubt I'll be picking one up anytime soon for myself, but I think my son would get a kick out of it.


edit - beta only available for singapore... well, that's not useful for me.
 
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