Store Credit Cards: Are They Worth It?

OLYMPUS DIGITAL CAMERAIt has happened to all of us. We’re in a retail clothing store, and the sales associates asks us the popular question, “Would you like to apply for our store card?” What do say? It’s so tempting to say yes to receive that discount on your purchase or to receive other promotions, but is that really enough? A store credit card could also help you build up your credit score, but any credit card could do that.

Before you agree to sign up for a store card you should consider the fact that interest rates on store credit cards are MUCH higher than on non-store credit cards. The interest rates on store credit cards can range from 21.9% – 28.99%. High percentage rates defeat the whole purpose of that discount that just took off the tax. There’s always two sides to everything. Store credit cards can lower your credit score just like it can help build it up. The more credit cards you sign up for even if you don’t use them can lower your credit score. Most store cards have low credit limits, and it’s easy to get your balance up high and lower your credit score. Lastly, another credit card means more temptation to buy more.

Notice the cons outweigh the pros in this situation. It’s best to avoid getting a store credit card. A good tip: If you decide to get a store credit card, use your card to pay for your purchase to receive your points/discounts, and then pay for the balance that you put on your card immediately after.



  1. 765694 885264Spot lets start work on this write-up, I truly think this fabulous web site needs an excellent deal a lot more consideration. Ill apt to be again to learn far more, appreciate your that info. 552810

  2. Thanks for your submission. I would also like to opinion that the very first thing you will need to accomplish is check if you really need credit improvement. To do that you must get your hands on a duplicate of your credit score. That should really not be difficult, considering that the government necessitates that you are allowed to acquire one free of charge copy of your actual credit report per year. You just have to check with the right individuals. You can either check out the website for your Federal Trade Commission and also contact one of the major credit agencies specifically.

  3. Hmm is anyone else experiencing problems with the pictures on this blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog. Any feedback would be greatly appreciated.

  4. Having read this I thought it was extremely informative. I appreciate you spending some time and energy to put this short article together. I once again find myself spending a significant amount of time both reading and leaving comments. But so what, it was still worthwhile!


Please enter your comment!
Please enter your name here