My Argos Card Review: Is It Good for Building Credit?

The Argos Card is a store card offered by the famous UK retailer Argos. It comes with various features and benefits, but how well does it perform when it comes to building credit?

In this review, we will take a detailed look at my Argos Card review, including its benefits, drawbacks, and how it can affect your credit score. We will also answer some frequently asked questions to help you decide if this card is the right choice for you.

What is the Argos Card?

The Argos Card is a type of store card that allows you to buy products from Argos and pay for them later. It is not a credit card that you can use anywhere, but it does offer some flexible payment options that can be beneficial.

With the Argos Card, you can make purchases on credit and choose from several payment plans, including interest-free periods if you pay off your balance within a certain timeframe.

Benefits of the Argos Card

Look at some of the benefits of the Argos card:

Flexible Payment Options

One of the main benefits of the my Argos Card is its flexible payment options. When you make a purchase, you can choose to pay for it over a few months without paying any interest, provided you stick to the terms of the agreement. 

This can be very helpful if you need to make a large purchase but don’t have the funds available upfront.

Interest-Free Periods

The Argos Card offers interest-free periods for certain purchases. This means that if you pay off your balance within a set period, you won’t have to pay any interest. These periods can range from 3 to 12 months, depending on the amount of your purchase and the terms of the offer at the time.

Easy Application Process

Applying for an Argos Card is relatively straightforward. You can apply online or in-store, and the process is quick. You’ll need to provide some personal details and information about your financial situation, but approval is often granted within minutes.

Drawbacks of the Argos Card

There are some drawbacks:

High-Interest Rates

While the Argos Card offers interest-free periods, the interest rates can be quite high if you don’t pay off your balance within the specified timeframe. This can lead to significant charges if you carry a balance for an extended period.

Limited Use

The Argos Card can only be used at Argos and a few other affiliated stores. This limited usage means it’s not as versatile as a traditional credit card that can be used anywhere.

Potential Impact on Credit Score

If you don’t manage your Argos Card responsibly, it could negatively impact your credit score. Late payments or carrying a high balance can harm your credit, making it harder to get other forms of credit in the future.

How the Argos Card Can Help Build Credit

Using the my Argos Card responsibly can help build your credit score. Making regular, on-time payments shows lenders that you are reliable and can manage credit effectively. Over time, this can improve your credit score.

Keeping your balance low relative to your credit limit is another way to boost your credit score. Credit utilization is a key factor in your credit score, so try to keep your balance below 30% of your credit limit.

If you are new to credit, the Argos Card can help you establish a credit history. Having a credit account and using it responsibly will add positive information to your credit report, which can be beneficial in the long run.


The Argos Card can be a useful tool for building credit, but it’s important to use it wisely. The flexible payment options and interest-free periods are attractive features, but the high-interest rates and limited use are significant drawbacks. 

If you can manage your payments responsibly and avoid carrying a high balance, the Argos Card can help you improve your credit score. However, if you are prone to missing payments or carrying a balance, the high-interest rates could end up costing you more in the long run.

Some Questions

Is the Argos Card good for building credit?

Yes, if used responsibly. Making regular, on-time payments and keeping your balance low can help improve your credit score.

What are the interest rates on the Argos Card?

Interest rates can be high if you don’t pay off your balance within the interest-free period. It’s important to read the terms and conditions carefully.

Can I use the Argos Card anywhere?

No, the Argos Card can only be used at Argos and a few affiliated stores.

How do I apply for the Argos Card?

You can apply online or in-store. The application process is quick and straightforward, and you’ll need to provide personal and financial information.

What happens if I miss a payment?

Missing a payment can negatively impact your credit score and may result in additional charges. It’s important to make at least the minimum payment each month.

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