How to Use Store Credit Cards
Many of us have and use store credit cards. We’re commonly enticed to complete store credit applications by promises of discounts and rebates. But are these store credit cards a smart decision? It isn’t easy to know. A little self-evaluation is likely to yield the best answer. Stores issue credit cards in hopes that you’ll shop in their stores more frequently. They’re also betting that you won’t pay your full balance each month. Companies that issue credit cards make a lot of money from interest payments and late fees. Be cautious and avoid falling into those common traps. Store credit cards can be useful, if they’re used correctly. The savings can be great, but the interest rates are high. The value of store credit cards is largely dependent on using them responsibly and intelligently....
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