The JCPenney credit card has attracted a lot of attention in the market. What originally seemed like a great offer for regular store shoppers has turned out to be another financial nightmare. Sky high interest rates and no worthwhile rewards make this credit card a big thumbs down.

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There is no doubt that this card looks rather attractive at first glance, especially if you are a regular shopper at the store. If you apply for the JCPenney card at their store you get 10% off the first purchase. This is a common technique many department stores use to reel people in to signup. It does put you on the list for some promotions and events held at the store. These are the reasons that people were lining up around the block to fill out the JCPenney credit card application, but if you dig a little bit deeper you will see it's not all it's cracked up to be.

Low Limits
It was only after a person's application was approved that shoppers found reasons to complain about. To begin with, the limits offered on the JCPenney card are said to be ridiculously low. Reportedly there are many people who have ten or twenty thousand dollar credit limits on their Visa or MasterCard, but they barely get a few hundred dollars in spending power with this card. Many regular shoppers with good credit records find this outrageous because their credit limit cannot even cover their monthly shopping. And, many say there is no use approaching the customer service department to raise the credit limit - allegedly they won't offer any worthwhile help.

High Interest Charges
On the surface, it great because of the 10% store discount and other special offers, but it is only after you start using the card that you realize that you are being charged with atrocious interest rates. You may not notice this at the time of your JCPenney credit card application, but the interest rate on the card is up to 21.99% at the time this article is being written. Most people would agree that an APR like that is excessive to say the least. So, unless you are the kind of person who can pay off all the outstanding at the end of the month, and not carry forward any amount whatsoever, this not for you.

Other Complaints
Low credit limits and high interest rates are not the only woes attached to the JCPenny charge card. You will find that you will get as much attention as you need until you finish filling out your application. As soon as that is done, a number of customers say it can seem impossible to get real help with queries and complaints. The customer service department does not sound like its geared to actually actually supporting their customers. Many shoppers have found this out the hard way and all you need to do is look online and you will find multitudes of disgruntled JCPenney credit card holders.

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