Are store cards a good idea?

Where you can talk about store credit cards, like gas station cards, department store cards, etc.
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andrewf123
 
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Are store cards a good idea?

Postby andrewf123 » Wed Jun 13, 2012 3:28 am

Hi all, can you please tell me why would someone would want to apply for a store card? Are they a good idea to get the benefits that come with them?


MemberSince99
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Postby MemberSince99 » Wed Jun 13, 2012 6:27 am

As a general rule generic cards (Visa, MC, Discover, etc) are a better idea, because you often get better rewards and they can be used anywhere, where a store card can be used only at that store.

If you shop there a lot and they give you a discount for using the card, AND you pay in full to avoid the steep interest, store cards can be fine but as a rule you are probably better off with a nice Visa with good rewards.

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Postby Money card » Wed Jun 20, 2012 10:53 pm

When you say store cards do you mean store credit cards or charge cards?

Store credit cards like Macys American Express, Brooks Brothers MasterCard or the Walmart Discover? Or do you mean the charge because that's all you can do is charge to 1 place?

If somebody works for JCP, Macys and Lord&Taylor this is a good idea, you get employee benefits. It's common sense if you work for the store to get 1 of their cards.

Another reason, somebody that is just starting out, the Macys American Express, Nordstroms Visa and Brooks Brothers Mastercard might be hard to get. So the charge card version would be a good idea to start out with instead.

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Postby MemberSince99 » Thu Jun 21, 2012 3:43 am

I was referring to store cards that can only be used at that store. If you have one that can be used anywhere that takes credit cards that is a bit different, though the rewards if any may be optimized for use at that store of course.

yeah for someone who works there and gets an extra discount I could see it. In general I'd prefer a card that could be used anywhere though, I mean if you are out in the boonies and need a card, a store card isn't going to help you. But there are valid reasons to get a store card sure, i would agree.

PopiLopi
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Postby PopiLopi » Thu Jun 21, 2012 8:20 pm

it makes sense only if you shop a lot at the store or they give you extra discounts for using the card. as somebody already said, make sure you pay it off or the interest will eat the discount
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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FastSRT8
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Postby FastSRT8 » Thu Jun 21, 2012 11:05 pm

The 'hassle' for me to keep track of them is not worth the discount. I am a firm believer in 'as thin as possible' credit card wallet
Carpe diem quam minimum credula postero!



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