When do department store credit cards make sense?

Where you can talk about store credit cards, like gas station cards, department store cards, etc.
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Postby bmw1990Z » Sun Mar 25, 2012 9:17 pm

Yep target debit card is great---all the credit card benefits minus the interest charges.
Cards in my wallet:
-Citi Forward Card for College Students-July 2011
-American Express Platinum Delta Skymiles--July 2013

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Postby PopiLopi » Sun May 06, 2012 10:45 am

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)

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Postby mlint007 » Sun Jun 24, 2012 12:00 pm

I have a few store credit cards...earlier when I was trying to build my credit I opened a Sams club/Walmart card. You can use Sam's club and Walmart cards interchangeably between the two stores but that's about it but I shop at both quite often.

Recently I've opened up a Kohl's card and I love it because I spend over a $1000.00 dollars a year there and they gave me a "special card" for being a loyal customer. So I also receive multiple 30% off coupons and multiple discounts days I can use for my choosing. So I'm very happy with the card.

As you know Walmart/Sam's club feel they are already lower than the market so most of their promotions are financing options.

My other store card is an Amazon Visa which I only use for spending on Amazon but I can actually use it everywhere and I receive points on the dollar which come in handy when I want to use the dollars towards a new purchase which I have done often.

Money card
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Postby Money card » Mon Jun 25, 2012 10:17 pm

being you shop at walmart all the time, what made you decide to get the charge card instead of the Walmart discover credit card?

a lot of my co workers have the kohls charge card.

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Postby DavidNY » Fri Jun 29, 2012 8:37 pm

The Walmart Discover card is nonsense.

Go for a 2% card like the Fidelity Amex.

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