Reply
Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
0

Re: Why do people use store cards?

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


!!!!!!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Frequent Contributor
Posts: 396
Registered: ‎04-02-2012
0

Re: Why do people use store cards?


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.

My Wallet:
Discover It $14,300 | Chase United $12,000 | Chase Sapphire Preferred $7,000 | Chase Freedom $5,000 | Citi Simplicity $5,000 | AMEX BCE $4,200 | Paypal Extras Platinum $5,000 | Wells Fargo $1,000 | AMEX Zync NPSL
Established Contributor
Posts: 560
Registered: ‎09-29-2012
0

Re: Why do people use store cards?


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! Smiley Tongue

 

 

Regular Contributor
Posts: 114
Registered: ‎08-29-2012
0

Re: Why do people use store cards?

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. 


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!
Valued Member
Posts: 49
Registered: ‎11-02-2012
0

Re: Why do people use store cards?

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

In my wallet: Discover More $11,300 11/2/12 | Chase Freedom $500 11/8/12

Initial 10/14/12 (Free Score): TU 621 /EQ 621 /EX 618
Current: 1/13/13 (Free Score): TU 708 /EQ 677 /EX 698
Initial EQ FICO: 670 11/2/12
Current EQ FICO: 698 1/13/13

Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Why do people use store cards?


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


!!!!!!

+1

also pay over time with no interest

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Why do people use store cards?


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! Smiley Tongue

 

 


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.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Frequent Contributor
Posts: 316
Registered: ‎04-07-2012
0

Re: Why do people use store cards?

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. 

Established Contributor
Posts: 560
Registered: ‎09-29-2012
0

Re: Why do people use store cards?


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! Smiley Tongue

 

 


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.

 

 

Frequent Contributor
Posts: 474
Registered: ‎04-09-2012
0

Re: Why do people use store cards?

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. 

Barclays USAir World MC $8300 - DCU $7500 - USAA World MC $7000 - PayPal Extras MC (GE) $5500 - Chase Saphire Preferred $5000 - Discover It $6000 - Barclays Sallie May $2700 - Chase Freedom $1000 - Capital One $8500 (business) - store cards ranging from $500-$9500
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.