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Store Card

Amongst the many branded credit cards and bank card on the market is the store card. If you have had any experience with this sort of card you may well wish you hadn't. If you currently use a store card it is time to take a look at it.

Store cards are credit cards offered in stores, they are normally branded with the store brand and offered to you when you purchase something from the store. Many stores offering furniture give you the option of a store card.

It can be tempting to take up the offer of a credit card offered to you on a plate with one of your favorite brands on it it but you should think about it before you sign on the dotted line.

Store cards are infamous for their high APR, which is normally a lot higher than some of the most expensive credit cards. This can cause a lot of interest to be incurred if you use the credit on it for any amount of time. If you really don't know if it is a good deal it may be a good idea to leave it untill you have had a chance to look at other deals on the market and consider the pros and cons of the card.

There are many low rate cards on the market and the internet makes it easy to compare them so you shouldn't feel pressurised at the sales desk.

 

This article is for Informational purposes only and should not be taken as advice
© Black Mole Limited

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