topic Re: Why do people use store cards? in Credit Cards

Why do people use store cards?

Razeus — Thu, 08 Nov 2012 18:54:26 GMT

I see people here always touting Walmart, Home Depot, Macy's, JCP, etc.

Why would you use a store card over just a Visa, MC, Discover or AMEX? Do they give a discount with each purchase? Coupons?

Re: Why do people use store cards?

scarrollprint — Thu, 08 Nov 2012 18:59:31 GMT

store cards in general tend to be easier to get than non-store branded credit cards.

Some give perks - and what they are differ from card to card.

Walmart has a promo that you spend so much you get interest free for so long (not sure if its all the time or they offer it so often).

Walmart usually gets promoted heavily because its usually a pretty easy card to build up the CL on over time as well as with the paperfree billing you get your TU score monthly.

My wife has a VS credit card - she gets discounts, and promos every month and the points system are better than nothing. In the end its saved some money vs if she paid cash and never had the card - she was going to go and buy her undies there anyways might as well save a few bucks when she does.

Re: Why do people use store cards?

wallyworld123 — Thu, 08 Nov 2012 19:04:22 GMT

scarrollprint wrote:
store cards in general tend to be easier to get than non-store branded credit cards.

Some give perks - and what they are differ from card to card.

Walmart has a promo that you spend so much you get interest free for so long (not sure if its all the time or they offer it so often).

Walmart usually gets promoted heavily because its usually a pretty easy card to build up the CL on over time as well as with the paperfree billing you get your TU score monthly.

My wife has a VS credit card - she gets discounts, and promos every month and the points system are better than nothing. In the end its saved some money vs if she paid cash and never had the card - she was going to go and buy her undies there anyways might as well save a few bucks when she does.

Re: Why do people use store cards?

andre181 — Thu, 08 Nov 2012 19:12:03 GMT

Rewards, coupons, financing promos (0% for X months). There are lots of reasons to use store cards.

But if there aren't any discounts or financing offers, I would definitely use a bank card with some kind of rewards.

Re: Why do people use store cards?

navigatethis12 — Thu, 08 Nov 2012 19:14:50 GMT

Macys was the first card I was approved for, so I keep it for the history. They also give 20% off coupons and free return shipping to higher teir card holders. Amazon was the second card I got. I only use it if I want to finance something for a year or more.

Re: Why do people use store cards?

Omri — Thu, 08 Nov 2012 19:19:25 GMT

The only store card I have is a Kohl's card, and I get up to 30% off of things with it, so I consider that very worth using, especially since I get pretty much all of my clothes at Kohl's.

Re: Why do people use store cards?

Cadillac-XTS — Thu, 08 Nov 2012 19:56:56 GMT

Promotions

Re: Why do people use store cards?

snowkitty — Thu, 08 Nov 2012 20:02:47 GMT

I like the 0% interest on walmart & amazon....old navy & vs sent out really good savings alot and I like them because they are supposed to build credit line fast

Re: Why do people use store cards?

jd5189 — Thu, 08 Nov 2012 20:09:03 GMT

Store cards definitely have their place in the credit market. Stores use them to get you to buy more as studies show that you are inclined to spend more with a CC vs. cash. They entice you into the store usually by discounts/promotions of some kind. For some, if you typically shop at a certain store, the discounts can add up. Or in the case with home improvement cards - they radomly offer 0% financing for longer than some CC's offer - also without the need to apply for a new CC to get the 0%.

I personally don't have any store cards yet, but if I develop a trend where I tend to shop at a store often and the rewards look good, I might app for one in the future.

Re: Why do people use store cards?

WhiteCollar — Thu, 08 Nov 2012 20:10:17 GMT

I use them for the perks (coupons, discounts, points) and I always PIF! I have Nordstrom, Macy's, Bloomies and VS.

Re: Why do people use store cards?

youngandcreditwrthy — Thu, 08 Nov 2012 20:17:30 GMT

A. Get discounts
B. Pif
C. AVOID interest
D. Build easy cred

!!!!!!

Re: Why do people use store cards?

Razeus — Thu, 08 Nov 2012 20:22:08 GMT

youngandcreditwrthy wrote:
A. Get discounts
B. Pif
C. AVOID interest
D. Build easy cred

!!!!!!

...you have a lovely set of cards and limits there buddy...jeez. Nice.

Re: Why do people use store cards?

ccnewcc — Thu, 08 Nov 2012 20:30:08 GMT

Razeus wrote:
I see people here always touting Walmart, Home Depot, Macy's, JCP, etc.

Why would you use a store card over just a Visa, MC, Discover or AMEX? Do they give a discount with each purchase? Coupons?

I don't think store cards are worth it at all.

In fact i think they are useless.

IMO, they discounts and promotions do not justify having a Store card.

Some ppl will differ from my point of view.

I can not and will not ever be convinced that a Store Card is worth getting. Not even if said store card was giving me a promotion of idk lets say 1 MILLION dollars FREE products if I spent 1 dollar at their store using their store card. I still would not get a store card. LOL! :P

Re: Why do people use store cards?

PleioneG — Thu, 08 Nov 2012 20:47:25 GMT

I think its completly worth it. Easier to get, great promotions, discounts, no interest, and another way to rebuild credit for many of us. There are definitely perks to having one. However, I wouldn't get one just to get it if you don't shop there often. I'm a regular shopper at Walmart and Amazon so having these two cards is a definite plus.

Re: Why do people use store cards?

soleilbabe — Thu, 08 Nov 2012 20:54:17 GMT

I don't like store cards b/c they force you to be loyal to a store, but I guess if you're already shopping there, why not? I still haven't convinced myself to appy though....VS and Mayc's sound nice lol

Re: Why do people use store cards?

Dustink — Thu, 08 Nov 2012 21:04:01 GMT

youngandcreditwrthy wrote:
A. Get discounts
B. Pif
C. AVOID interest
D. Build easy cred

!!!!!!

also pay over time with no interest

Re: Why do people use store cards?

Dustink — Thu, 08 Nov 2012 21:07:02 GMT

ccnewcc wrote:
Razeus wrote:
I see people here always touting Walmart, Home Depot, Macy's, JCP, etc.

Why would you use a store card over just a Visa, MC, Discover or AMEX? Do they give a discount with each purchase? Coupons?
I don't think store cards are worth it at all.

In fact i think they are useless.

IMO, they discounts and promotions do not justify having a Store card.

Some ppl will differ from my point of view.

I can not and will not ever be convinced that a Store Card is worth getting. Not even if said store card was giving me a promotion of idk lets say 1 MILLION dollars FREE products if I spent 1 dollar at their store using their store card. I still would not get a store card. LOL! :P

HUH?

A store card is worth it, if you can get a larger discount than you would rewards another way.

For example. Best buy offers 10% off ink if you use your store card. They also offer price matching. So using a store card to buy ink at best buy is one of the cheapest local ways to buy ink. You also get 4% (4.5% for premier members) back in rewards if you choose standard financing. So, that is one of many ways a store card can be useful.

Re: Why do people use store cards?

WhiteCollar — Thu, 08 Nov 2012 21:14:09 GMT

I only have cards to stores I shop at often. Because of the ridiculous APR's store cards have, it forces me to PIF each statement versus sometimes carrying a balance on my Visa or MC.

Re: Why do people use store cards?

ccnewcc — Thu, 08 Nov 2012 21:17:30 GMT

Dustink wrote:
ccnewcc wrote:
Razeus wrote:
I see people here always touting Walmart, Home Depot, Macy's, JCP, etc.

Why would you use a store card over just a Visa, MC, Discover or AMEX? Do they give a discount with each purchase? Coupons?
I don't think store cards are worth it at all.

In fact i think they are useless.

IMO, they discounts and promotions do not justify having a Store card.

Some ppl will differ from my point of view.

I can not and will not ever be convinced that a Store Card is worth getting. Not even if said store card was giving me a promotion of idk lets say 1 MILLION dollars FREE products if I spent 1 dollar at their store using their store card. I still would not get a store card. LOL! :P

HUH?

A store card is worth it, if you can get a larger discount than you would rewards another way.

For example. Best buy offers 10% off ink if you use your store card. They also offer price matching. So using a store card to buy ink at best buy is one of the cheapest local ways to buy ink. You also get 4% (4.5% for premier members) back in rewards if you choose standard financing. So, that is one of many ways a store card can be useful.

Meh.

Like I said, I can not and will not ever be convinced that a Store Card is worth getting.

Re: Why do people use store cards?

kimmiller112 — Thu, 08 Nov 2012 21:20:28 GMT

I use my VS because of the discounts I get. I don't have a store locally anymore so I purchase online. They allow up to 3 coupon codes, so I have gotten some signigicant savings, especially when I shop in their sale section. I use my Belk card because of coupons. When they have sales, which they do often, and you use a coupon, sometimes you get additional savings by using your Belk card on top of everything else. I used my Ashley Homestore card to finance furniture at 0% interest and paid it off well before the time frame given and I've used my Kay Jeweler's card for their 0% financing before. I use my Walmart card only occasionally and have never taken advantage of special financing offers. However, I do like that I can get a little cash back if I am low on cash when using my card, have the free TU score monthly and that that I can increase my CL every four months.