Major Department Store
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US $8.00
Why Department Store Credit Cards are a Bad Idea
Although getting a department store credit card can sound promising, it can often be a bad idea. Department store credit cards are offered by stores to their customers and usually include special cardholder sales or special financing offers. It's not uncommon for a department store to offer a one-time discount to people who sign up and begin using their credit card right away. However, the long-term disadvantages of using a department store credit card far outweigh the benefits.
The High Price of High Interest Department Store Credit Cards
The biggest problem with department store credit cards is their notoriously high interest rates. While you can easily find a zero percent interest rate or a low interest rate credit card online, department store cards have interest rates that often hover around the 20-30 percent range. Even with sales or discounts, department store cards still end up costing customers a lot of money in the long run.
Responsible Use of Credit Cards Improves Credit Scores
Using credit cards responsibly is critical to improving a credit score. Owning a limited number of cards, having available credit that isn't being used and paying bills on time all contribute to establishing a solid credit history. A department store credit card can be dangerous, because it opens the door to having too many credit cards and getting into too much debt. A major low interest credit card will be accepted at department stores, eliminating the need for alternative lines of credit.
How to Unload Department Store Credit Card Debt
Reduce credit card debt caused by department store credit cards. High interest rates, high fees and the minimum purchases required by many department store credit cards make them expensive. Cardholders can save money by getting one low interest card, and transferring all of the high interest debt from their department store credit cards to the new card.
Compare credit card reviews online at Experts on Credit to find the best deal for you.
About the Author
Whether you're looking to apply for a credit card online, or simply looking for financial guidance, ExpertsonCredit is the ultimate one-stop credit stop.
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Department Store $24.99 Department Store - Photographic Print |
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Hyundai Department Store Group $79.66 High Quality Content by WIKIPEDIA articles Hyundai Asan is an arm of the South Korean conglomerate Hyundai Group and a major investor in North Korea. The company manages a number of projects, including the Kumgangsan tourist resort and road/rail building operations. It is also involved in the Kaesong Industrial Park project. The familycontrolled Hyundai Group, which used to be South Koreas largest Chaebol, was split into three subgroups after the Asian financial crisis. Chung Monghun was involved in a power struggle with his elder brother, Chung Mongkoo, who heads another part of the Hyundai Group, the automaker Hyundai Motor Company. Hyundai Asan has faced accusations of being a vehicle for illegally transferring US 100 million to North Korea from the government of former South Korean President Kim Daejung. The money was supposedly used to persuade North Korean leader Kim Jongil to attend the interKorean summit in 2000. Hyundai Asan is building an industrial park, cross border roads and railway lines in North Korea. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 104 Publication Date: 2010/07/26 Language: English Dimensions: 5.98 x 9.01 x 0.24 inches |
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Department Store Front $49.99 Department Store Front - Giclee Print |
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Whiteleys Department Store $49.99 Whiteleys Department Store - Giclee Print |
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Rebuilding of a Large Department Store $79.99 Rebuilding of a Large Department Store - Premium Photographic Print |
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Shoppers at Dongan Department Store $39.99 Richard Nowitz Shoppers at Dongan Department Store - Photographic Print |
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Advertisement for Harrods Department Store, 1935 $24.99 Advertisement for Harrods Department Store, 1935 - Photographic Print |
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