New GameStop Credit Card

So GameStop is looking to stay afloat and relevant by any means necessary and I actually think this new idea may do the trick! They are reportedly introducing a new credit card that will tie in directly with their current PowerUp Rewards program. 

The primary incentive for signing up is 5,000 bonus points for PowerUp Basic members and 15,000 bonus points for PowerUp Pro members. Also noted are exclusive offers to cardholders.

Now here is the catch, the interest rate for the credit card will be 26.99 percent - about double the current market average of 13 percent. Here is a photo which looks to be marketing materials for the credit card:

I for one think it's a great idea! Buy a new gaming console and pay it down over a few weeks, heck yeah! But be careful because that interest will come back and bite you and have you paying for 3-4 consoles when it's all said and done.

What do you think? Yay or Nay?