- Centurion Member
- Posts: 179
- Joined: Fri Apr 13, 2012 7:05 pm
- Location: Miami, FL
I'm pro store cards only if 3 conditions are met:
1- you shop at that store frequently
2- you save at least 10% for using or having the card
3- you pay the balance off every month
If you are responsible and organized with your finances you will not have a problem with store cards and you'll save big bucks!!
It's true that APR's might be high, but that's only a problem if you're financing. Since I was a teenager my father taught me to ALWAYS pay off cards, use them for the miles or rewards, but never give banks or credit card companies your hard earned money in interest charges, if you can't pay it off, don't even think of buying it!
Amex: Business Platinum (09/12) BCP $10,500 (03/13)
Visa: Capital One Journey $750 (04/11) Chase Freedom $1,800 (04/12)
MasterCard Citi AAdvantage Platinum Select $8,500 (05/13)
Discover: Discover It $2500 (07/11)
Store Cards: Amazon $3900 (12/11) Macy's $500 (04/11) Kohl's $500 (05/12) Victoria's Secret $750 (11/12)