I love shopping but I dread the question nearly all store clerks ask now: "Would you like to save 10% and sign up for our credit card?" I used to let them down gently and say I already had the card, but preferred not to use it. Now, I just say that I'm not interested in a new credit card.
Store credit cards are relatively easy to get if you're just starting out with credit or you're rebuilding a bad credit history. But, they may be a little too good to be true. Store credit cards aren't all they're cracked up to be. They have high interest rates, low credit limits, and don't help your credit score as much as you'd think. That's just a few negative things about store credit cards. Find out 6 Drawbacks of Retail Store Credit Cards to help you choose whether to keep these cards in your wallet.
Related Reading:
- Tips for Using Store Credit Cards (if you choose to have one)
- Where to Get Your First Credit Card
- How to Choose a Credit Card
I love reading all of your material.
What you say is true about dept. store credit cards, and they try real hard to get us to apply for them with every purchase.
Thank You, John