cancel
Showing results for 
Search instead for 
Did you mean: 

Do you apply for store credit cards to get discount? If so, do you cancel them afterwards?

tag
frugalQ
Valued Contributor

Re: Do you apply for store credit cards to get discount? If so, do you cancel them afterwards?

Opening store cards for the coupon perks is not worth it for my financial situation. Most of the stores that I shop at offer the same coupons just for signing up on their email/text registry.

I just use those coupons and pay with a major cc rewards card.
AmEx Green NPSL | Amex BCP 16K | Citi Simplicity 10k | Discover IT 9K | Chase Slate 7.5K | Amex Hilton HHonors Surpass 7K | Capital One QuickSilver 6K | Home Depot 5k | Chase Freedom 4.5K | LOC 2.5K
Message 11 of 15
QAMngrGirl
Frequent Contributor

Re: Do you apply for store credit cards to get discount? If so, do you cancel them afterwards?

I received the pre-approval for VS through the shopping cart trick, accepted and received 15% my first purchase and no HP. I keep it now for their online deals combined with mailed coupons and sales. I will continue to use this cards for the rewards ($10 gift cards, bogo coupons, etc.). Same with Express & Buckle. There may be few and far between CLIs but sales/coupons/gift cards make keeping these AF free cards open Smiley Happy

 

Macy's (store) got me 20% of my first purchase but no sales/specials since that date have appealed to me enough to use the card again. It's in the SD indefinitely. 

Message 12 of 15
FocusedAndDetermined
Senior Contributor

Re: Do you apply for store credit cards to get discount? If so, do you cancel them afterwards?

At first it was for the additional trade lines via soft pull, but I have to say the discounts from VS are awesome.  I have saved a bundle in the 6 mos I've had the card.  J.Crew I will probably close after 1 yr.  That store may work for FLOTUS, but not me. Ann Taylor I will use once or twice a year w/ discounts.

Message 13 of 15
parakleet
Valued Contributor

Re: Do you apply for store credit cards to get discount? If so, do you cancel them afterwards?

I think some store cards make it really worth it to keep compared to others. I like to earn UR points through chase so it has to be a compelling discount for me to open a store card since I like to do most of my shopping online through the UR portal. I think the Banana Republic card is pretty good for discounts - I constantly get coupons, etc and I can use it at both BR and GAP, which I like. OTOH, I'm not seeing the advantage of keeping open my J Crew card since the rewards structure really leaves a lot to be desired. One of my rewards was a $25 gift card, which expires less than 3 months from date of receipt. So I have a $25 gift card that I have to use by next week or otherwise that 5% reward is gone. I also can't remember the last time I got a proper discount from J Crew for being a cardmember. So yeah, once my new CCs age a bit, I think I'll be giving JC the heave-ho. 


Gardening since 7/16/14
Current: EQ 711 7/13/14; EX 724 TU 721 6/19/14
Goal: 760+
Message 14 of 15
lithium78
Established Contributor

Re: Do you apply for store credit cards to get discount? If so, do you cancel them afterwards?

The only stores where I usually shop for retail clothing are Sears, JC Penney, and TJX.  All three of them have really crappy rewards programs, so there's no point in getting retail cards from them.  I get much better deals through my major credit cards, especially Discover.  I can shop at their retail locations and then order clothes online through ShopDiscover and get really decent rewards (5%-20%).


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge
Message 15 of 15
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.