mbraceit wrote:Are Comenity Bank Store Credit Cards Hurting You?
I don't have any, so no. They can't hurt or help me.
In general, the creditor doesn't matter unless maybe you have consumer finance accounts. Comenity is not one of those creditors.
mbraceit wrote:Does this hurt your credit score? I'm talking about if you have more than one of their store accounts. Would it be better/worse/no effect if you had 3 accts from them versus 1 from them, 1 from another co and 1 from yet another.
No. A revolver is a revolver.
mbraceit wrote:Why do ex-BK'rs pay annual fees for cards for bad credit then when store accts will get the job done just as good?
Not all pay AF's. AF's are just one consideration among many when selecting a card. Store cards are not of use to everyone. I have no use for them. Good is always highly subjective. Never assume that good for you is good for everyone on any topic.
mbraceit wrote:Another question about Comenity Bank cards is which of them are known to give the highest credit limits
Never rely solely on card/creditor for limit. The creditor/product's underwriting criteria is just part of the equation. Your credit profile and income at time of consideration (your credit is not static) will determine what you qualify for.
mbraceit wrote:What shows on your credit report?
See for yourself. If you're not regularly reviewing your reports then definitely do so.