FutureBillionaire wrote:JBJ, what other store cards do you recommend? The only one I have is Express. I thought about Banana Republic...
Well, it all depends on where you like to shop.
In my case apparel is the biggest expense, so I have store cards with Kohls, Macys, JCP and Mens Warehouse. They all offer discounts in the form of 20%-30% off coupons when you pay with card, except Mens Warehouse, which offers 5% off every time, no coupons needed. Since I am never in a hurry to buy clothes or shoes I simply wait for a big card member offer to arrive and then go shopping :-) The best thing is that often the card member coupons will coincide with a store sale, which makes me laugh all the way to the bank (I love paying less for the same thing people paid significantly more just yesterday). I am so used to paying 20%+ less in those dept. stores - I feel that paying "on sale" price is getting shafted
Overall all those cards are great, even if you shop there just once a year. They dont have any fees, so you loose nothing if you dont use them. But we all need socks and pants and shoes - why not pay Walmart prices for a good quality garment?
However, I know nothing about their interest rate or customer service. A day or two after I use those cards my charge is posted online and I pif it through my bank account. In a way I use them as coupon cards, rather than credit cards. As far as I can remember their rates are in the high 20s so I can see how they would not be all that special for someone actually financing their purchases.
But if you just want to game the system - go for it. Do you want to get 600 points with Amex ($6 equivalent?) on a $200 purchase or pay only $160?