topic Re: Anyone avoid store cards? in Credit Cards

Anyone avoid store cards?

Anonymous — Thu, 05 May 2016 09:08:34 GMT

I apped for one store card last year just for a discount and to test where my credit was post discharge 10 year old bankruptcy. Needless to say, I'm just not interested over my cashback cards I have in rotation. Synchrony gave me a 300 cli to 1,000 from an original 700 limit on card that I virtually never use.

Anyone else feel no love for store cards?

Re: Anyone avoid store cards?

Anonymous — Thu, 05 May 2016 09:32:50 GMT

I sure loved them when I started this rebuild, but I plan on shutting all but 2 down as my overall utilization goes down. Since I pay amazon and VS in full each use, I'm keeping them for the rewards, but these other store cards are worthless next to 2% DC, 1.5% QS, Amex points, etc. I was almost sold on the target store card until I realized the debit gives the same discount.

No real love for them here either! I can't wait to ditch all these comenity cards, except of course for my beloved VS which is a weirdly unecessary sentimental thing.

Re: Anyone avoid store cards?

Anonymous — Thu, 05 May 2016 10:37:02 GMT

I was tempted to get Amazon (Synchrony) for higher CL and UTI help, but got over it. Discover is 5% on Amazon from July-Dec (and Discover match for first 12 mos).

My plan is for specific bank/CU cards, no interest in store cards for now.

Re: Anyone avoid store cards?

Anonymous — Thu, 05 May 2016 10:45:18 GMT

I have zero love for store cards (even when I was rebuilding). I'd much rather get airline miles, cash back, or hotel points for my various spend in stores.

The only "possible" itch for me is REI.

Re: Anyone avoid store cards?

Anonymous — Thu, 05 May 2016 11:53:14 GMT

What MissingCali said.

My only possible itch would be REI or LL Bean.

Re: Anyone avoid store cards?

elim — Thu, 05 May 2016 12:06:42 GMT

There are about 30 store cards I would like to have. Unfortunately It comes with 30 new accounts, AAoA crash, and "too much available credit". So, I'll keep 2 after I close OS at the 2 year mark.

Re: Anyone avoid store cards?

redpat — Thu, 05 May 2016 12:45:44 GMT

Like the plague, although I do have Amazon prime card. I had a weak moment.

Re: Anyone avoid store cards?

Anonymous — Thu, 05 May 2016 12:52:01 GMT

I have Amazon and Home Depot for specific purposes. I like them and use them. That being said, I pretty much do avoid store cards. I prefer my other rewards cards. However, if I found a store card I really wanted and would benefit me, I would consider it. Not for a long time, though, because I am in the garden.

Re: Anyone avoid store cards?

Loquat — Thu, 05 May 2016 12:57:25 GMT

I avoid them now but during my time of rebuid they came in handy and served their purpose. Besides I still find my JCP, Lowes, and Amazon cards very useful. I'll let me Overstock and Walmart store card age until the lender terminates the relationship.

Re: Anyone avoid store cards?

Anonymous — Thu, 05 May 2016 13:24:36 GMT

I avoid them like the plague.

Re: Anyone avoid store cards?

Anonymous — Thu, 05 May 2016 13:26:20 GMT

I have a couple but they're useless to me.

Re: Anyone avoid store cards?

Gmood1 — Thu, 05 May 2016 13:30:57 GMT

I've avoided them so far. Besides maybe Lowe's or Home depot, I see no real use for any of them with my lifestyle.

Re: Anyone avoid store cards?

sr383 — Thu, 05 May 2016 13:31:23 GMT

@Loquat wrote:
I still find my JCP, Lowes, and Amazon cards very useful.

I had a JCP. ... It was my oldest account.

My limit? $120.

Needless to say, I never used it, so they shut it down.

Re: Anyone avoid store cards?

Involver — Thu, 05 May 2016 13:40:12 GMT

I do use my Amazon Prime card infrequently for the 5% cash back, but other than that I have no store cards and never will.

Re: Anyone avoid store cards?

MyLoFICO — Thu, 05 May 2016 13:49:28 GMT

I made the mistake of apping a few of them at the beginning of my rebuild. I love my Lowes card because the limit is high and has the potential for much more. I have replace some with their MC/Visa versions. I intend to get rid of all store cards at the 1 year mark when they self close. All except lowes and Amazon. Those 2 I like. A lot.

Re: Anyone avoid store cards?

icyhot — Thu, 05 May 2016 13:53:40 GMT

I avoid them. I had maybe 10 at one point. Closed them all, even Macy's which had a 10K limit. I just have Amazon which may come in handy if I need to finance everything but once Disco has the 5% category? It won't see use

Re: Anyone avoid store cards?

MyLoFICO — Thu, 05 May 2016 13:55:27 GMT

@sr383 wrote:
@Loquat wrote:
I still find my JCP, Lowes, and Amazon cards very useful.
I had a JCP. ... It was my oldest account.

My limit? $120.

Needless to say, I never used it, so they shut it down.

Wow, high roller! A pack of decent tube socks would trash you UTIL

Re: Anyone avoid store cards?

Anonymous — Thu, 05 May 2016 14:03:40 GMT

I'm at the end game of rebuilding and I have 700s across the board, no baddies, oldest account is 11 years, 1 4 year old cap one platinum ($2250 SL), and 1 2 week old overstock card ($4300 SL-I got this in hopes that prime cards would start me with a limit of at least $5k). I don't see me getting any more store cards unless it would truly benefit me several times a year. My goal is 4-5 prime cards with $10k plus limits. I don't think I will need much more than that anytime soon. Having a wallet full of cards would result in my accounts self closing.

e retired in 2017.

Anonymous — Thu, 05 May 2016 14:03:47 GMT

Not a fan of store cards here, either. I only have Barney's and Neiman Marcus, and those will be retired in 2017. There are too many other good cards to utilize my spend on and my goal is to be completely free of store cards in 2017.

With only two to eliminate, that should not be too difficult of a goal.

I recognize they do serve a purpose for some people and that they can be something you enjoy using. I had my J Crew card for several years and enjoyed it, but my other rewards cards are a better way to manage my spend, in my opinion.

Re: Anyone avoid store cards?

takeshi74 — Thu, 05 May 2016 14:03:57 GMT

Not avoiding them I just don't have any need for any of them.