uncategorized/the-scoop-on-store-credit-cards%e2%80%a8

Credit Card Offers Made Easy

Your Step by Step Credit Card Guide

The Scoop on Store Credit Cards


Written by Blake Teen on February 22, 2011.

Heck yeah I want to save 15% on my purchase! But do I want to sign up for another store credit card on the fly? If you shop anywhere—ever—you’ve probably wondered the same thing. Before you fill out that form, here are a few things to consider:

  • Store cards tend to come with high interest rates. In fact, interest rates for store cards can average as high as 28.99%, versus 14.58% for regular credit cards according to a 2010 report from Congressman Anthony D. Weiner.
  • Having too many cards can lower your credit score. If you have a bunch of open accounts that you don’t use, it can lower your credit score. Ditto with closing unused accounts. So if you do decide to carry store cards, consider sticking to your top two favorites rather than carrying several.
  • Major card providers tend to offer bigger benefits. With store cards, you aren’t likely to get the same extended warranties, car rental insurance, reward programs and price protection you are with major credit cards.
  • Store cards can encourage spending. With regular offers for savings, it can be tempting to charge more than you can afford on your store card. Remember to purchase only as much as you can afford to pay off that month.

A few perks of store cards are the special deals that accompany them. My trick? Having one store card—for my favorite store—and paying off the balance at the end of each month to avoid hefty interest charges.

Similar Posts:

Share

Post Comment

  • Home
  • Contacts
  • SiteMap
  • Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Subscribe via RSS

    The Scoop on Store Credit Cards


    Written by Blake Teen on February 22, 2011.

    Heck yeah I want to save 15% on my purchase! But do I want to sign up for another store credit card on the fly? If you shop anywhere—ever—you’ve probably wondered the same thing. Before you fill out that form, here are a few things to consider:

    • Store cards tend to come with high interest rates. In fact, interest rates for store cards can average as high as 28.99%, versus 14.58% for regular credit cards according to a 2010 report from Congressman Anthony D. Weiner.
    • Having too many cards can lower your credit score. If you have a bunch of open accounts that you don’t use, it can lower your credit score. Ditto with closing unused accounts. So if you do decide to carry store cards, consider sticking to your top two favorites rather than carrying several.
    • Major card providers tend to offer bigger benefits. With store cards, you aren’t likely to get the same extended warranties, car rental insurance, reward programs and price protection you are with major credit cards.
    • Store cards can encourage spending. With regular offers for savings, it can be tempting to charge more than you can afford on your store card. Remember to purchase only as much as you can afford to pay off that month.

    A few perks of store cards are the special deals that accompany them. My trick? Having one store card—for my favorite store—and paying off the balance at the end of each month to avoid hefty interest charges.

    Similar Posts:

    Share

    Post Comment

    The Scoop on Store Credit Cards


    Written by Blake Teen on February 22, 2011.

    Heck yeah I want to save 15% on my purchase! But do I want to sign up for another store credit card on the fly? If you shop anywhere—ever—you’ve probably wondered the same thing. Before you fill out that form, here are a few things to consider:

    • Store cards tend to come with high interest rates. In fact, interest rates for store cards can average as high as 28.99%, versus 14.58% for regular credit cards according to a 2010 report from Congressman Anthony D. Weiner.
    • Having too many cards can lower your credit score. If you have a bunch of open accounts that you don’t use, it can lower your credit score. Ditto with closing unused accounts. So if you do decide to carry store cards, consider sticking to your top two favorites rather than carrying several.
    • Major card providers tend to offer bigger benefits. With store cards, you aren’t likely to get the same extended warranties, car rental insurance, reward programs and price protection you are with major credit cards.
    • Store cards can encourage spending. With regular offers for savings, it can be tempting to charge more than you can afford on your store card. Remember to purchase only as much as you can afford to pay off that month.

    A few perks of store cards are the special deals that accompany them. My trick? Having one store card—for my favorite store—and paying off the balance at the end of each month to avoid hefty interest charges.

    Similar Posts:

    Share

    Post Comment

    The Scoop on Store Credit Cards


    Written by Blake Teen on February 22, 2011.

    Heck yeah I want to save 15% on my purchase! But do I want to sign up for another store credit card on the fly? If you shop anywhere—ever—you’ve probably wondered the same thing. Before you fill out that form, here are a few things to consider:

    • Store cards tend to come with high interest rates. In fact, interest rates for store cards can average as high as 28.99%, versus 14.58% for regular credit cards according to a 2010 report from Congressman Anthony D. Weiner.
    • Having too many cards can lower your credit score. If you have a bunch of open accounts that you don’t use, it can lower your credit score. Ditto with closing unused accounts. So if you do decide to carry store cards, consider sticking to your top two favorites rather than carrying several.
    • Major card providers tend to offer bigger benefits. With store cards, you aren’t likely to get the same extended warranties, car rental insurance, reward programs and price protection you are with major credit cards.
    • Store cards can encourage spending. With regular offers for savings, it can be tempting to charge more than you can afford on your store card. Remember to purchase only as much as you can afford to pay off that month.

    A few perks of store cards are the special deals that accompany them. My trick? Having one store card—for my favorite store—and paying off the balance at the end of each month to avoid hefty interest charges.

    Similar Posts:

    Share

    Post Comment

    The Scoop on Store Credit Cards


    Written by Blake Teen on February 22, 2011.

    The Scoop on Store Credit Cards


    Written by Blake Teen on February 22, 2011.

    Heck yeah I want to save 15% on my purchase! But do I want to sign up for another store credit card on the fly? If you shop anywhere—ever—you’ve probably wondered the same thing. Before you fill out that form, here are a few things to consider:

    • Store cards tend to come with high interest rates. In fact, interest rates for store cards can average as high as 28.99%, versus 14.58% for regular credit cards according to a 2010 report from Congressman Anthony D. Weiner.
    • Having too many cards can lower your credit score. If you have a bunch of open accounts that you don’t use, it can lower your credit score. Ditto with closing unused accounts. So if you do decide to carry store cards, consider sticking to your top two favorites rather than carrying several.
    • Major card providers tend to offer bigger benefits. With store cards, you aren’t likely to get the same extended warranties, car rental insurance, reward programs and price protection you are with major credit cards.
    • Store cards can encourage spending. With regular offers for savings, it can be tempting to charge more than you can afford on your store card. Remember to purchase only as much as you can afford to pay off that month.

    A few perks of store cards are the special deals that accompany them. My trick? Having one store card—for my favorite store—and paying off the balance at the end of each month to avoid hefty interest charges.

    Similar Posts:

    Share

    Heck yeah I want to save 15% on my purchase! But do I want to sign up for another store credit card on the fly? If you shop anywhere—ever—you’ve probably wondered the same thing. Before you fill out that form, here are a few things to consider:

  • Store cards tend to come with high interest rates. In fact, interest rates for store cards can average as high as 28.99%, versus 14.58% for regular credit cards according to a 2010 report from Congressman Anthony D. Weiner.
  • Having too many cards can lower your credit score. If you have a bunch of open accounts that you don’t use, it can lower your credit score. Ditto with closing unused accounts. So if you do decide to carry store cards, consider sticking to your top two favorites rather than carrying several.
  • Major card providers tend to offer bigger benefits. With store cards, you aren’t likely to get the same extended warranties, car rental insurance, reward programs and price protection you are with major credit cards.
  • Store cards can encourage spending. With regular offers for savings, it can be tempting to charge more than you can afford on your store card. Remember to purchase only as much as you can afford to pay off that month.
  • A few perks of store cards are the special deals that accompany them. My trick? Having one store card—for my favorite store—and paying off the balance at the end of each month to avoid hefty interest charges.

    Similar Posts:

  • Bad Credit Personal Loans and You
  • How to Save Money on Car Insurance Before, During and After Your Car Purchase
  • No Deposit Credit Cards for Bad Credit
  • In Search for Unsecured Bad Credit Credit Cards
  • Looking for the Right Instant Approval Credit Card
  • Share
    Share
    Share

    Tagged as: Credit, Store Credit

    Post Comment

    Post Comment

    Post Comment

    Similar Posts

  • Bad Credit Personal Loans and You
  • How to Save Money on Car Insurance Before, During and After Your Car Purchase
  • No Deposit Credit Cards for Bad Credit
  • In Search for Unsecured Bad Credit Credit Cards
  • Looking for the Right Instant Approval Credit Card
  • Are Credit Cards For Minors a Bad Idea?
  • Citi Bonus Cash Center
  • Archives

  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • Popular Posts

  • What is the Discover card’s grace period?
  • Are Credit Cards For Minors a Bad Idea?
  • Best credit card providers named as AMEX and M&S
  • Citi Secured Credit Card Review
  • Catholic Syrian Bank launches support line
  • Why You Shouldn’t Co-Sign
  • Life After Debt
  • Reward Points: Friend or Foe?
  • Categories

  • Credit Card News
  • Credit Card Tips
  • Credit Cards Advisor
  • Uncategorized
  • Tag cloud

    © All Rights Reserved. Credit Card Offers Made Easy

    Leave a Reply

    Your email address will not be published. Required fields are marked *