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Friday, 13 July 2012

Goodyear Credit Card

Easily one of the most well known and reputed automotive services company in the United States, Goodyear has been making automotive equipment and tires for over one hundred years now. Founded in 1898, Goodyear specializes in manufacturing tires for cars, trucks, as well as industrial and farming equipment alike. They are also the sole tire supplier for the NASCAR series in the United States. The Goodyear blimp is perhaps one of the most popular icons of the NASCAR culture. They have recently started the Goodyear credit card payment service for their customers.

Goodyear credit card payment account lets you use the credit card for any items available in the Goodyear store, including tires and other products, and rewards usage with discounts and rebates. Goodyear also offers coupons and discount packages making Goodyear card payments easier and better value for money. Credit card holders need to use their Goodyear cards regularly to get the most out of the offered rebates and discounts and need to make regular card payments, online or at stores. The total rebate fluctuates with the amount of money spent on Goodyear credit card payments so you need to keep this in mind when you use your card.

The Goodyear rebate system works like a charm and is as convenient, as it is good for your wallet. It lets you save a lot of money in the long run, and makes payments easier and safer. The only real condition is that you need to purchase from a Goodyear store, online or offline, or get your car serviced at one of the 4,500 Goodyear recognized service centers or dealers. However, make sure you do the math yourself as well, and pay up before the six month, no interest period. After that, you will have to pay a hefty 27% APR. Goodyear also offers small cash-back rebates if you do not have a card, but they are not really that worthwhile. However, you can save up to $150 on tires and other accessories if you use the Goodyear credit card.

The benefit of doing the math is that you will know exactly how much you have to pay up within the no interest period and can make the necessary arrangements to avoid the high APR. Quite a few people do not pay up on time, and then complain about the high interest rate. Additionally, the discounts are instant so when you use the Goodyear credit card, your credit card statements will only show the discounted amount and is actually a great way to save money on your automotive spending. Keep in mind though that failure to pay up your Goodyear credit card payment on time will result in a negative credit history. The rebates you receive will also be affected.

Goodyear also offers gift and discount cards and they are great for friends or family members that you know are motor heads. They will love them. These cards can be used at the time of purchase, and the amount is deducted from the balance on the card.

Walmart Credit Cards

Is a Walmart Credit Card the Ideal Option for You?

Currently, you can choose from the standard Walmart Credit Card and the Walmart Discover. They share some common features. The interest rate is 22.90 per cent APR. There is no annual fee, but this may be subject to changes so it is important that you check specifically. The same cash advance and balance transfer fees apply. The maximum penalty fee is $35 for both cards.

The most widely advertised perk that comes with both credit card offers is the 5-cent discount that you will receive on every gallon of gasoline that you purchase from the company's gas stations. One important thing to note is that the discount will be available only until the end of this calendar year. It is not clear whether another special reward will be available after this period to replace the existing one. Additionally, you cannot receive the discount with the regular discount card Sam's Club.

With any Walmart credit card, you can receive cash advance when you make a purchase. With the Discover one, you will have to pay a higher interest rate - 25.90 per cent APR. You will be entitled to receiving your FICO score for free on a monthly basis with any of the offers, provided that you enroll in electronic statements online. The other shared perk is that you pay nothing for fraud liability.

There are two additional benefits that you will be able to take advantage of, with the Discover Walmart credit card. You will be able to use it everywhere it is accepted and not only in stores of the chain. You will receive cash back rewards on all purchases as well. The percentage of the reward will depend on the total value of the purchases that you make within one year. For purchases up to $1,500, you will receive 0.25 per cent cash back reward. The reward is 0.5 per cent for purchases between $1,500 and $3,000 and 1 per cent for purchases over $3,000. There are special terms for issuing the rewards that you need to check specifically.

It is important to go over the interest rates, fees, benefits and terms and conditions of each Walmart credit card before you make a choice. In general, it is best to compare more credit card offers so that you can find the one that suits you best. You should definitely include cash back offers and other rewards offers in your comparison, but you may also consider comparing these with regular options as well.

Now you can compare a huge number of credit card offers directly and at no cost at all. You just need to use the appropriate online service. It will present to you a huge number of available options that you will be able to compare directly saving time and effort. This will enable you to decide on a Walmart credit card. For more information please visit www.creditcardflyers.com.

Thank you for reading and good luck!

Thursday, 12 July 2012

Sears Credit Card

Sears is a department store providing their own brand name store cards as well as credit cards. There actually isn't such a thing as a single Sears credit card - you will find 4 types of them.

The most widespread type will be the retailer card known as the Sears Card. This isn't a true credit card, it is instead an in-house card for paying at Sears and associated brand names such as Kmart, Land's End, The Great Indoors, and others.

That's the charge card which most people are acquainted with. However, there's also a Sears credit card which you can use for payments anywhere. This is available in three various sorts, with essentially the most typical one being the Sears MasterCard.

We will consider the options that come with these cards at length.

1. Sears Card

Offers the following:
  • Month-to-month discounts and valuable discount coupons for card holders
  • Instant, safeguarded admittance to your credit score
  • Special funding offers
Additional Opportunities:
  • $0 Responsibility on unauthorized purchases
  • Extra users at zero extra expense
  • Returns at Sears with no receipt
  • Short-term shopping pass at Sears and Kmart should you forget your card at home
  • Use your card at Sears, Kmart, Sears.com, Kmart.com, Lands End, The Great Indoors plus more
  • Citi Personal identity Theft Solutions
  • Thorough optional safety offered to Sears card holders: AccountCare
2. Sears Mastercard (Sears Credit Card)

Key Benefits:
  • Monthly savings and useful coupon codes only for cardmembers
  • Access to your current credit rating
  • Special funding promotions
  • Reward yourself with the optionally available Sears Choice Benefits Plan. Earn 1 point for every $ spent on all products without any membership charge.
  • Zero Responsibility on unauthorized transactions
  • Extra clients at zero extra expense
  • Returned items at Sears without a receipt
  • Provisional store shopping pass at Sears and Kmart should you forget your credit card
  • Use your card in Sears, Kmart, Sears.com, Kmart.com, Lands End, The Great Indoors and everywhere MasterCard credit cards are recognized
3. Sears Commercial One

Saving time and cash whenever you purchase Kenmore devices, garden tractors, Craftsman tools and so much more for your company. The Sears Commercial One Card includes enhanced invoice detail, simple expenditure tracking, and more.

Additional great value and advantages:
  • No annual fee
  • Simple expenditure monitoring and documentation
  • Itemized billing information
  • Buy things by phone, faxing, as well as on location
4. Sears Home Improvement Account

The Sears Home Improvement Account was created to help make monthly bills on large, installed Sears expenses easier on your finances. Preserve the credit lines in your other Sears cards accessible, and make use of your Sears Home Improvement Account for:
  • Heating systems and Air-con
  • Kitchen area Redesigning
  • Kitchen Cabinet Re-facing
  • Replacement Windows
  • Vinyl Exterior siding
  • Entry Doors
More Conveniences:
  • Monthly installments
  • 24/7 Customer Service you are able to depend on
  • Safety & Privacy

Friday, 15 June 2012

Retail Store Credit Cards

Many retail stores want to offer you a line of credit. But before you sign up to get 10% off your purchase and a free umbrella, you need to understand the effect that such cards can have on your credit both good and bad.

"If you apply for a {fill in name of store here} credit card today, you will receive a 15% discount on your purchase."

Oooh. What diehard shopper wouldn't be tempted?

Lately it seems that every consumer purchase is prefaced with an offer to apply for a credit card. Not Visas or MasterCards, but cards issued with a retail store's name on them for exclusive use at that store. J.C. Penney was one of the first retail stores to issue credit cards back in 1958. Since then, retail companies have recognized the profit to be made by operating their own credit card operations, as well as the instant punch in the arm to their marketing efforts. You've heard the spiel from the Gap, Kohl's, J.C. Penney, Dillard's, Target, Best Buy, Wal-Mart, Meijer's, Banana Republic, Sak's, Nordstrom's, even Bloomingdales, and the list goes on and on.

The marketing hook? Discounts for the store's merchandise along with other perks.

As with most things there are pros and cons for consumers:

Pros
  • Department store credit cards can be a good way to establish credit. The requirements for retail cards are often less stringent than for major credit cards. Gerri Detweiler, founder of DebtConsolidationRX.com and author of "The Ultimate Credit Guide" agrees. "A selective consumer can establish a positive credit history with retail store credit cards, which usually have lower credit limits and are therefore easier to obtain."
  • Special financing offers Applying for a retail card sometimes helps you score same-as-cash deals for larger purchases such as computers, appliances or furniture, allowing you to pay smaller monthly installments with no interest for a period--usually 6 or 12 months. Just be sure to pay off the full amount before the finance charge-free period comes to an end, advises Detweiler. "If your payment is not made in full by the same-as-cash period end, finance charges will retroactively apply from the date of purchase."
  • Special "savings events" Beyond introductory discounts, special savings events and sales just for the store credit card holders, there are often rewards programs where you can earn points for every dollar you spend on the store credit card, then cash the points in for, well, store credit.

Cons
  • High-flying APRs. The interest rates for department store credit cards are typically higher than major credit cards, usually found resting in the upper teens. The perks don't always outweigh the finance charges, therefore, if you can't discipline yourself to pay off your balance every month, retail store credit cards are not for you!
  • Open lines of credit affect credit history The store clerk tells you that if you open up a line of credit today, you can get one year free financing on that sofa you just purchased! "Well then, sign me up!" you say. Before you know it, you can have 15 lines of credit open; often, you've only used these cards once or twice to take advantage of the perks and you soon forget you had them in the first place.
  • Detweiler says to be very selective when applying for retail cards: "Limit yourself to one or two cards applied for during a six to twelve month period. Any more is considered a risk factor on your credit report."

It's a Balancing Act

So now that you know the pros and cons, how do you figure out if a retail store card is worth its weight? As always, you need to do a little math.

Find out what the APR rate is and add in any fees or minimum purchases required by the card. Then compare that with your potential store savings to make sure everything balances out. Are you going to have to spend more money than you normally would in order to earn the perks and discounts?

As an example: a typical card might have an APR of 19.80%, no annual fee and no minimum purchase requirements. The perks include 10% off your first in-store purchase and 10% off your first on-line purchase. You also get free shipping on all on-line purchases over $100. For every dollar that you spend in the store you earn one point; when you earn 350 points, you automatically receive a $15 reward card.

That's a nice set of incentives. That's also a lot of debt that you're putting on a credit card in the name of discounted merchandise.

If this is a store that you frequently shop and you plan to pay off your credit card balance each month, you can enjoy these perks in the clear. However, if you carry a balance on your card, don't even bother--because a 19.80% APR on $350 trumps a $15 reward card every time.

Performing math is a lot to ask when you're at the checkout counter with an armload of new purchases. But never sign on for a card without reviewing the fine print and finding out what you are signing up for. It might take away some of the fun of a shopping splurge, but in the long run you'll be happier because you are safeguarding your credit and the benefits of having good credit - the ability to purchase a new home, for example. These things will bring you smiles down the road -more so than will 10% off that hip outfit from the Gap--which won't be so hip in a few months anyway.

See also www.cardratings.com for more information about credit cards offers. Good luck.

Thursday, 14 June 2012

Store Credit Cards For Fair Credit

Will a Store Credit Card For Fair Credit Application Damage Your Credit Score?

Yes and No - It depends in good part on your timing.

Yes, it hurts your credit score if you've submitted other applications in the recent past. To Equifax, Experian and TransUnion - the three main credit bureaus in the U.S. - as well as potential lenders, applying for lots of credit cards in a brief period of time is viewed as desperation. Trying to open several lines of credit in the span of a few days or weeks makes them think that you've been turned down and you're scrambling to find another source.

No, a merchant credit card application really won't hurt your score if it's been weeks or months since the last time you applied for credit. If you wisely wait a few weeks or months between submitting applications, your score might take a very small hit. However, if your score is already good or better, the hit you take will be very minor and nothing to worry about.

It's helpful to remember that lenders are for-profit enterprises, and if your score is good, they'll still extend credit to you - reluctantly - in the hopes of making money from your account. However, they avoid risk like it's an infectious disease, and when someone applies for a store credit card, car loan, cellphone account, or any other line of credit in a short period, it often means one of two things to them:
  • You're desperate to get anyone to extend credit to you; or
  • You're the victim of identity theft, and the thief is trying to open as many credit lines as possible to defraud the lender and put you in heaps of trouble.
It's also helpful to remember that new credit applications comprise 10 percent of your total score. That's not a big chunk, but when it comes to your credit score, every little bit helps. Within that 10 percent, the following credit items are taken into consideration:
  • How long it's been since the last credit inquiry on your name
  • The time since recent openings of new credit accounts by type
  • The number of recent credit inquiries (like your store credit card)
  • The number of recently opened lines of credit, proportion of new accounts to total number of accounts, and type of credit account
Therefore, a store card application can hurt your credit score either a tiny bit or more substantially. It depends on your current score, your credit management, and your timing. If you have a very good credit score and you happen to open two new lines of credit in a short period of time, don't sweat it. Your credit score can handle a slight dip. Nevertheless, if your score could use some polish, it may take a bigger hit in the same circumstances. At the same time, these new lines of credit could eventually help your score if you pay your bills on time and keep your balances low. It's all about how well you handle your credit behavior, including your store credit cards.

See also freescore.com

Tuesday, 12 June 2012

Shoe Store Credit Cards

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Monday, 11 June 2012

Department Store Credit Cards After Bankruptcy

It is no secret that bankruptcy deals a massive blow to your credit history. Following bankruptcy, you will need to work harder to establish new credit, and maintain the credit properly. While bankruptcy sets the stage for a fresh financial start, it does not make the process of rebuilding a strong credit history easy. By taking the right steps, you can find yourself in good credit range within a year of bankruptcy.
  1. Look back at what caused your credit issues. Was your situation caused by forces beyond your control like an illness or layoff? Did you neglect your bills? Were you able to handle your finances before a crisis happened? Have you learned how to handle your finances? Rebuilding credit after bankruptcy is only as good as your ability to handle the credit you receive.
  2. Get a secured credit card as soon as your bankruptcy is discharged. You must start to add positive credit to your credit history. Contact your local bank or credit union to see if a secured card is offered. Make sure the lender reports to all three credit bureaus -- Experian, Equifax and TransUnion. If your bank doesn't offer a secured card, ask if the bank offers a secured personal loan option where you can deposit money into a savings account as collateral.
  3. Keep the balance on the secured credit card low. Your goal is to build credit, not to charge up your credit cards. A balance between 1 percent and 20 percent of your credit limit is ideal. It doesn't matter whether your credit limit is $300 or $1,000, by keeping the balance low and making all payments on time, your credit score will go up after six months.
  4. Wait six full months before applying for a store credit card. Whenever you apply for new credit, your credit score takes a hit, but after six months, the score will recover and go higher than before, especially if you have handled the account well by keeping the balance low and making the payments on time.
  5. Apply for the department store credit card seven to 12 months after opening the secured credit card. The potential lender will now see you have held another credit account and managed it well. Your starting balance will likely be low, but with proper handling, your account limits should rise.
Resist the urge to apply for multiple store credit cards. Each time you apply for credit, your credit score drops a few points. Multiple credit inquiries also look bad to potential lenders as it appears you are desperate for credit.

Sunday, 10 June 2012

Department Store Credit Cards For People With Bad Credit

Bad credit blocks you from opening new accounts because lenders who see a negative past history are afraid you will continue your bad financial management. Department store credit cards give you a way to prove that you are serious about rebuilding a good credit rating. These accounts work like regular credit cards so you can demonstrate that you will use credit responsibly despite your past issues.

Store credit cards are revolving credit accounts good for use only at a particular store, chain or brand of retailers. You get a specific credit line to spend at the designated stores and access it with a credit card. You can buy whatever you want at those particular stores until you reach the credit limit. You must pay at least a minimum amount every month, which is noted on your statement, but you can pay more. You do not pay interest if you send the full amount owed every month by the due date.

The requirements for getting a department store credit card are similar to those for major credit cards like American Express, Visa, MasterCard and Discover, but stores often have lower credit rating thresholds than the major card brands, according to the Bankrate financial website. People with past financial problems like past-due accounts, or even bankruptcy, often qualify for retail cards even if they cannot get branded accounts like MasterCard or Visa.

People with bad credit rebuild it by using department store cards regularly and responsibly. The Fair Isaac scoring company advises that your score is most strongly affected by your payment dates and how much you owe on open accounts. Your score rises if you make small purchases on your department store credit card and either pay them in full monthly or spread out a string of on-time payments. Eventually, this qualifies you for major brand accounts.

Department store credit cards often give low credit limits and charge higher interest rates than regular branded cards, according to Bankrate. Some accounts do not help people with bad credit because the issuers do not report activity to the Experian, TransUnion and Equifax credit bureaus. On-time payments have no effect on your credit rating if they never appear on your credit reports. Do not apply for a retail card without asking whether the bureaus get notified of your activity.

Store credit cards are helpful if you have bad credit, and they also let you establish a history if you are new to credit use, according to Bankrate writer Leslie McFadden. Of your credit score, 15 percent is affected by the amount of time you have used credit, so retail accounts let you create a track record for a year or two before you apply for major cards.

Reference Bankrate.com

Saturday, 9 June 2012

Apply For Store Credit Cards Online

Department store credit cards can be an excellent way to establish credit, but many have higher interest rates than other cards. Department stores offer great deals when you apply for a card with a purchase. It is worth doing your homework first to figure out if the benefits outweigh the costs for these cards.

Macy's is one of the most well-known department store brands in the world. As is the case with many large department stores, Macy's offers its customers the ability to apply for a Macy's credit card. Macy's credit card holders receive special offers on a regular basis including extra discount days for themselves as well as a friend, invitations to special events and more. You can apply for a Macy's credit card online, by telephone or in person at your local Macy's store.

How to Apply for a Macy's Credit Card Online:

1. Open your web browser and go to the Macy's online credit application website. Once at the site, verify that the address begins with https://. This will ensure that you are using an encrypted connection to submit your personal data.

2. Enter your personal information as well as the requested data to verify your identification. The verification is included as an extra step to prevent an individual from applying for credit in your name.

3. Read the Terms and Conditions completely. It is important to read this section thoroughly, as it contains important information about your Macy's credit card account.

4. Place a check in the box confirming that you have read and accept the Terms and Conditions and then click on the "Submit" button. After a short time, the results of your Macy's online credit application will be displayed on the screen.

5. As an alternative, visit any checkout counter at your local Macy's store to apply for a credit card. This is the way to go if you are uncomfortable submitting personal information over the Internet.

6. Inform the Macy's clerk that you would like to submit an application for a Macy's credit card. The clerk will provide you with an application to complete.

7. Return your completed Macy's credit card application along with your driver's license (or other form of picture identification) to the clerk who will then process your application. It will take just a few minutes to complete the Macy's credit card application process and the credit decision should be available instantly.

Friday, 8 June 2012

Department Store National Bank Credit Cards

Department Stores National Bank (DSNB) is the credit card issuer of Visa and retail private label accounts for Citibank’s relationship with Macy’s, Inc. (formerly known as Federated Department Stores, Inc.). Cards issued by DSNB bear the marks of Macy’s, Inc. store brands such as Bloomingdale’s and Macy’s.

DSNB is a subsidiary of Citibank (South Dakota), National Association (CBSD) and does not have any employees or any branch banking offices. All servicing of the bank’s accounts is currently provided by affiliates and third parties pursuant to contract. As DSNB does not have any employees, CRA activities are allocated to DSNB from the bank’s affiliates, primarily from CBSD, Citi Community Capital, and the Citigroup Foundation (The Foundation).

DSNB was chartered in 2005 under the Competitive Equality Banking Act (CEBA) of 1987. A CEBA bank is not a “bank” for purposes of the Bank Holding Company Act if it engages “only in credit card operations” and does not:
(1) accept demand deposits or other checking accounts;
(2) accept savings or time deposits of less than $100,000, unless for collateral on a loan;
(3) maintain more than one office that accepts deposits;
(4) engage in the business of making commercial loans. These statutory provisions reflect a legislative policy of restricting the ability of CEBA credit card banks to compete with retail banks by limiting the institution’s deposit taking and lending activities.

Since this is a CEBA bank, it cannot make commercial loans. Therefore, the Strategic Plan was developed to address investments and services, not lending. Other than the restriction on lending, there are no legal, financial, or other factors impeding the bank’s ability to help meet the credit needs in its assessment area.

For more information about Department Stores National Bank read here. (PDF File)

Thursday, 7 June 2012

Instant Approval Store Credit Cards

When you apply at a store for credit, you can be approved instantly. Once you provide the store employee with your personal information, they will be able to let you know the status immediately. This type of process is quick and keeps customers from having to wait if they are looking for credit. A number of retail outlets have an in-house credit processing department.

How to Get Approved Instantly for Store Credit Card:

1. Fill out the credit application. Give the customer service representative your personal information including name, address, date of birth, Social Security number, and place of employment. You will also be required to provide your income and a couple of personal references. Include your home and work phone numbers on the application.

2. Read the income disclosure on the application. Credit applications have an disclosure similar to the following: "Sources of income from alimony, child support or separate maintenance need not be revealed if you do not wish to have them considered as a source of repayment." Therefore you do not need to include income from those sources on your application. Sign the credit application at the bottom. The store representative will call your information in to their in-house credit processing department.

3. Wait for a decision. If you are approved, the store employee will let you know that you have been approved. The store will establish a credit limit for you. You will be able to make a purchase the same day. Any purchases made will go against the credit limit, which reduces your available credit. A credit card will mailed within seven to 10 days.

4. Review any discounts, bonuses or rewards. When you are approved immediately in the store, you usually receive some type of discount, such as 10 percent off when you make a purchase. Your discount will take effect if you make a purchase that day.

5. Wait for your credit statement. The retail store will send you a monthly statement in approximately 30 days. You can pay the entire balance or the required minimum payment. Paying the entire balance will ensure that you don't incur any finance charges. If you choose to pay the minimum balance, you will incur finance charges on your next statement. Any payments made will increase your available credit.

6. Apply online. You can also apply online with many credit card companies and other stores. You key in your personal information the same way you would fill out the application and hit the submit key, and then a decision will be rendered instantly. If your credit is not good, you may not get approved. If the store needs additional information, there is a good chance you will not get an instant approval.

7. Pay on time. Making payments on time will help your credit report and increase your credit score. Eventually the retail store will increase your credit limit when your payments have been received on time for approximately one year. This policy can vary from store to store.

8. Get approved for additional credit in the future. If you wish to make other purchases in the future, you will not need to fill out another credit application, provided your account is in good standing and it has not been closed. You can make new purchases up to your credit limit.

Wednesday, 6 June 2012

Good Store Credit Cards

Are Store Credit Cards GOOD or BAD?

Going through the checkout lane at a store, you have probably heard at least one pitch for a card issued by the company that might even come with a discount on your purchase instantly. Store credit cards are usually a bad idea for people with a good credit history and ready access to a credit card. People trying to rebuild a credit history would be wise to at least consider using a store credit card.

#Disadvantages

Of all types of credit cards, store cards usually have the highest annual percent yield -- usually 21 to 33 percent, according to the BCS Alliance. Also, the limits on these cards are typically far lower than that of a traditional credit card. This makes maxing out the credit limit and paying much more for purchases if you carry a balance much more likely.

#Benefits

The minimum requirements to obtain a credit line from a department store are much lighter than those of a bank. Most stores approve anyone who makes more $12,000, is at least 18 years of age and has a checking account. This makes store cards ideal for someone building a new credit history or rebuilding a bad one, because most store card creditors report to the major U.S. credit reporting bureaus.

#Possible Credit Score Harm

The low limit and fees that most department stores charge could damage your credit score as soon as the lender approves the application, because the fee might eat up a large portion of the card's limit. Credit utilization -- the ratio of credit used to credit available -- is a significant part of the FICO score calculation. If you receive a $500 limit with a $250 annual fee, you start off with a utilization of 50 percent -- dangerously high in most cases.

Tip:

Never carry a balance on the card from month to month, especially if you just sign up for the promotional discount. At the interest rates charged by most department stores, a month or two of finance charges can cost much more than whatever discount the company offers. Ask the creditor if he reports to Equifax, Experian and TransUnion -- these are the major U.S. credit bureaus. Unless he reports to all three, a store card does not build your credit history as much as possible.

Tuesday, 5 June 2012

Easy Approval Store Credit Sards

It's no secret that credit cards in general can get users into financial hot water and that department store cards have higher rates and high temptation value when walking through a well-stocked department store. Kohl's Department stores are known mostly for clothing shopping. They do have up to date styles and competitive prices. Kohl's is one of our family's favorite clothes shopping venues and since we shop with children in tow, we're thankful that Kohl's has a rather small toy section.

Kohl's stores are generally well organized, clean and the store employees, including customer service, in our experience have been helpful and friendly.

The 411 on the Kohl's Department Store Credit Card:

-Easy to apply and easy approval

-It is fairly easy to get approval for even with less than stellar credit. Applications are available in Kohl's stores and can be printed on line but they must be processed in the Kohl's store. For our family, it took just two minutes for approval once we handed over our application.

-High interest rate of 22% fixed but no annual

We've never been charged an annual fee for a Kohl's card but like most all department store cards, the Kohl's card has a higher interest rate than most non-store ones. The rate is fixed. There are no lower teaser rates but on the other hand there have been no increases.

-Easy online access and customer service

You can as you would expect these day access your Kohl's account online after registering online. You can easily review statements or pay your bill. Kohl's customer service can be accessed through the Kohls.com website for general purchase questions or credit card questions. Fortunately, we've had no problems or surprises with our billing

Is a Kohl's Department Store Credit Card a Good Option?

If you are a regular Kohl's shopper, whether in store or online, our recommendation is yes as long as users have the discipline to be savvy and shop within their monthly budget plan.

-Discounts and promotions for opening a credit card account

What makes the Kohl's credit card attractive is the special savings for cardholders that are both immediate and ongoing. Our family got the Kohl's credit card when offered a 20% off today's purchase and a $25.00 gift card to use later.

-More online shopping savings when using your Kohl's credit card

We learned that Kohl's often offers online shopping deals that range from 10 to 30 % off of your purchase for credit card holders. The discounts seem to rise before Christmas. Again, as long as you can shop responsibly and pay your bill on time, you can save money using a Kohl's credit card. There is a 28 to 31 day grace period depending on the days in the month and users paying the Kohl's bill on time consistently, will save money and build credit. We've also noticed that there are in store discounts for card holders that apply even if you don't use credit to pay for the purchase.

The bottom line is that while the interest rate is higher than many non-store cards, there is a grace period so as long as you pay off your bill, or most of it, each month, you will be still saving money with Kohl's credit. The discounts and promotions from Kohl's make having their credit card in your wallet worth it if you are a Kohl's shopper.

Monday, 4 June 2012

Jewelry Store Credit Cards

Jewelry store credit cards are usually easy to get. Apply online at a store's website or in-person at the store of your choice to see if you qualify.

Many people may not realize it, but a jewelry store credit card is a great way to build your credit, especially if you have none to speak of. While the people at Visa, MasterCard, Discover and American Express may not want to give a person with no financial experience a try, a jeweler may be a bit more lenient with their credit.

A jewelry store credit card can be obtained through two main methods. The first is through the internet, through the website of the jeweler of your choice. It is also possible to obtain an application from the jeweler itself. They often offer free gifts for those who do choose to fill out an application, especially during the holiday season.

There are many reasons to apply for a jewelry store credit card. For one thing, quality is important and jewelry is often purchased for those people that are the most special in our lives, those that matter the most. These special people deserve the best more than anybody else, but when it comes to jewelry the best is often a bit more than we can afford with the money out of our savings accounts. This is where credit comes in handy; it grants a loan and allows one to purchase the merchandise while making payments to the creditor.

How Much Credit Limit on a Jewelry Store Credit Card?

The credit limits vary on a case to case basis, depending on the shape of your credit and the policy of the jeweler. They may also require that you pay for a portion of your purchase with cash, as a sort of down payment on your item. This helps to ensure that the credit is being taken out in good faith and that the person is moving forward with good intentions to make good on the loan.

It is possible to get an extension of your credit limit with a jewelry store credit card. This can be done by making timely payments on a purchase or paying a purchase off in a timely manner. For those who hold their jewelry store credit cards for an extended period of time, a raise in credit scores and timely payments on other items may also warrant an extension of the credit limit, making it possible to make purchases of more expensive jewelry items in the future.

For those who are looking for ways to build their credit, consider the fact that a jewelry store credit card may be the answer. While the credit is a bit easier to obtain than other credit card brands out there, the timeliness of payments and the fact that the credit is paid off in good faith means a lot, and will say a great deal to potential creditors in the future who are viewing your credit report.

If you are looking to make a nice purchase from a jewelry store or just want a way to build your credit for other financial goals that you may have, consider the fact that a jewelry store credit card may be the answer.

Tips:
Only apply for credit at a jewelry store that you want to buy from. Try to keep your spending to a minimum and only purchase what you can afford to pay off in a few months time to avoid paying a lot in interest.

Sunday, 3 June 2012

Saturday, 2 June 2012

Clothing Store Credit Cards

What You Need To Know About Benefits of Clothing Store Credit Cards

As you walk into the store, you can't help but notice the oversized posters advertising the store's credit cards. But, do you really need the store's credit card? More importantly, are there any advantages to adding their card to your wallet? Actually, there are several advantages to owning a clothing store credit card. Whether you're looking to boost your credit or take advantage of special offers, clothing store credit cards can be a wonderful addition to your wallet.

Easy Way to Boost Credit

If you lack credit experience or are trying to rebuild your credit, clothing store credit cards can do wonders for your credit -- if you pay them properly. Because these types of cards can carry a hefty interest rate, it's important to only charge what you can pay off each month or take advantage of special financing terms. Either way, using the card responsibly can do wonders for your credit score.

Special Financing Offers

From time to time, clothing stores will offer special financing terms for their credit card holders. In most cases this involves paying no interest on a certain purchase price for so many months. For example, purchases of $250 may be interest-free for a six-month period. You should only take advantage of these deals if you know you can pay the amount in the given time period. If you don't make the payment, interest rates will be charged on the full amount dating back to the initial purchase date. However, if you can make the payments, this is a great incentive.

Member Discounts and Coupons

One of the best benefits to being a card member is additional savings and special coupons. Not only do many stores offer a discount for opening your account, but you'll often get coupons and special discounts for future purchases. For example, card holders may save an additional 15% off sale prices or you may receive a coupon to save $25 off a purchase of $150. Either way, this can be a great savings that really adds up.

Card Member Sales

Clothing stores are well-known for having awesome sales at the end of each season. If you happen to be a card member, though, chances are you'll get first pick. Clothing stores often set special hours for card members to come shop so that they can take advantage of the sales before anyone else.

Free Services

Another incentive offered to card members is free services. These services might include free tailoring, dry cleaning or other expensive services that regular customers have to pay a pretty penny for. It's important to note that these services are often reserved for members with the highest card level, which is usually earned by spending a certain amount each year.

Friday, 1 June 2012

Store Credit Cards Easy To Get

Should a department store card be your first introduction to credit? Yes, and here’s why:

You can’t buy groceries or other necessities on a department store credit card. So you won’t be using it for "emergencies." That way, you’re less likely to go over the spending limit. Remember, there is no emergency worth carrying a credit card balance. Set aside three to six months salary for unexpected expenses.

Department store cards are easy to get.
If you have a telephone in your own name, are gainfully employed, and haven’t skipped out on any payments, you’re likely to qualify. Just remember, use these cards for convenience, not as a loan source. Budget your purchases just like you would a checking account. If you write a bad check, you’ll pay. If you go over your credit limit or carry a balance, you’ll pay even more.

You might qualify for points and special sales. Department store card holders are often privy to sale events before the general public finds out. You may also be able to rack up points toward future purchases. But beware; don’t spend more than you have just to establish points! Store card holders are often the first to receive coupons in the mail. And you might be eligible for special services as well, such as layaways and phone orders.

Which department store should you choose?

The one where you shop the most. Macy’s, Sears, Bloomingdales, JC Penney, even Home Depot, all work the same way. What you’re applying for is a revolving line of credit. If it’s your first card, you’ll probably receive a low credit limit. That’s a good thing, because you don’t to want to spend anywhere close to that ceiling.

Read the fine print.

It may look straightforward, but make sure you find out if there are any fees associated with the store card. The questions you should ask include:
  • Is there an over-the-limit fee?
  • What is the interest rate?
  • Is there an annual fee?
  • What are the late charges?
Interest rates on department store credit cards are often much higher than a Visa or a Mastercard. So pay your bill in full every month and on time! Mail a check at least a week before the due date. If you’re paying online, allow at least two days for processing. After months of late or non-existent payments, your account will get sent to collections. You don't want that on your credit report. Remember, there's no need to borrow money to build credit, so pay the entire balance every month. In fact, your next credit card should be one that pays you, either in the form of cash or gift cards.

Thursday, 31 May 2012

Easy Store Credit Cards

If you have a favorite store you go to all the time, a retail credit card from that store might be good to get. Store credit cards often come with discounts to the stores and might even offer reward bonus points. Stores from J.C. Penney and Macy's to Walmart and Kmart offer easy retail credit deals. You can easily sign up online for retail credit cards.

Pros and Cons:

You can establish good credit by using a retail credit card and being responsible with it. The requirements to obtain a retail card aren't as stringent as those for major credit cards. If you make a big purchase with the retail card, the store might not charge you interest for the first six to 12 months of payments. There are also options for "bonus points," where you earn points for every dollar you spend.

However, interest rates are usually much higher than those of major credit cards and the perks don't always outweigh the finance charges. Pay off the balance every month.

Also, you can have too many. It's very tempting to keep signing up for new cards. Expert suggests you apply for only one or two retail credit cards.

Examples:
  • Walmart's card can be used at all Walmart and Sam's Club stores. You can save 3 cents worth of gas per gallon in participating gas stations and there is no annual fee. You can decide the pay date and it is free to sign up a card for another family member. However, late fees are around $29 and interest rates range from 13.74 percent to 21.74 percent. To apply, check out walmart.com.
  • Target's retail card has a steep interest rate of 21 percent, so it's crucial to pay this bill off every month. With every purchase, there is a 1 percent donation to a school of your choice. With Target's Redcard, for every dollar you spend, you receive one point; once you reach 1,000 points, you automatically receive 10 percent off your next purchase. Research target.com for more details.
  • J. C. Penney offers low monthly payments that can be paid online. There are also options for a Privilege card program. If you apply online, you can get 10 percent off your next purchase. The interest rate, however, is almost 22 percent.
Before you apply for a department store credit card, be sure to read the fine print and be sure you agree with all of the terms and conditions.These cards can be a wonderful way to spend or they could cause you alot of credit trouble.

Wednesday, 30 May 2012

List of Store Credit Cards

This is a List of Department Store and Retail Store credit cards.

1. JCPenney Credit Card - (www.onlinecreditcenter2.com)

2. Macy’s Credit Card - (www.macys.com)

3. Wal-Mart Credit Cards - (www.walmart.com)

4. Sears Credit Cards - (www.citibank.com)

5. Kohl’s Charge Card - (www.kohlscorporation.com)

6. Target REDCard - (redcard.target.com)

7. TJX Rewards Credit Cards - (www.firstusa.com)

8. Saks Fifth Avenue World Elite MasterCard - (www.saksfifthavenue.com)

9. Bloomingdale’s Credit Cards - (www.bloomingdales.com)

10. Neiman Marcus Credit Card - (www.neimanmarcus.com)

11. Costco TrueEarnings Credit Card - (www.costco.com)

12. Nordstrom Credit Cards - (about.nordstrom.com)

13. Amazon.com Visa - (www.amazon.com)

14. Barneys New York Credit Card - Store credit card offers reward points. (www.barneys.com)

15. Bealls Credit Card - (d.comenity.net)

16. Bealls Outlet Credit Card - (d.comenity.net)

17. Belk Credit Card - (www.belkcredit.com)

18. Bergdorf Goodman Credit Card - (www.bergdorfgoodman.com)

19. Bergner’s Credit Card - (www.bergners.com)

20. BJ’s Visa - (www.bjsvisa.com)

21. Bon-Ton Credit Card - (www.bonton.com)

22. Boscov’s Credit Card - (www.boscovs.com)

23. Boston Store Credit Card - (www.bostonstore.com)

24. Carson Pirie Scott Credit Card - (www.carsons.com)

25. Dillard’s Credit Cards - (www.onlinecreditcenter2.com)

26. Elder-Beerman Credit Card - (www.elder-beerman.com)

27. Fred Meyer MasterCard - (www.fredmeyermastercard.com)

28. Gordmans Credit Card - (www.gordmans.com)

29. Herberger’s Credit Card - (www.herbergers.com)

30. Lord & Taylor Credit Card - (www.onlinecreditcenter2.com)

31. Meijer Credit Cards - (www.meijer.com)

32. Sam’s Club Credit Cards - (www.samsclub.com)

33. Stage Stores Credit Card - (d1.comenity.net)

34. Stein Mart Platinum Rewards MasterCard - (www.steinmart.com)

35. Von Maur Charge Card - (www.vonmaur.com)

36. Younkers Credit Card - (www.younkers.com)

37. Abercrombie & Fitch Credit Card - (c1.comenity.net)

38. American Eagle Credit Card - (www.ae.com)

39. Ann Taylor Credit Card - (www.anntaylor.com)

40. Banana Republic Credit Card - (secure-bananarepublic.gap.com)

41. Barnes & Noble MasterCard - (www.barnesandnoble.com)

42. J. Crew Credit Card - (www.jcrew.com)

43. The Company Store Credit Card - (www.thecompanystore.com)

44. Gap Credit Cards - (www.gap.com)

45. Toys R Us & Babies R Us MasterCard - (www.firstusa.com)

46. Woman Within Credit Card - (www.womanwithin.com)

47. Lowe’s Credit Cards - (credit.lowes.com)

48. Victoria’s Secret Angel Credit Card - (www2.victoriassecret.com)

49. Home Depot Credit Cards - (www.homedepot.com)

50. Spiegel Credit Card - (d1.comenity.net)

51. Best Buy Credit Card - (www.bestbuy.com)


Many retail stores offer fine discounts on purchases if you apply for their store credit card. It may seem that you are getting quite a bargain at the time, but a word of caution is warranted here. Consumer credit advisers warn that opening too many lines of credit may actually hurt your credit score. Having multiple credit cards also makes it more difficult to keep track of your balance due dates. Experts suggest that if you sign up for store credit cards, you will probably face high interest rates if you fail to pay your bill in full by the deadline.

Think twice before signing up for a store credit card. Most of the retail stores accept major credit cards, so there should be no need to sign up for a store-specific card.

Tuesday, 29 May 2012

Best Store Credit Cards

For the consumer, the primary question is how should one find best store credit cards to own. This is advantageous for the first timers who want to avail the attractive perks and services offered by these cards. Nowadays, store issued credit cards have their own attractive benefits and advantages.

Top Ten Store Credit Cards 2012:

1. Sams Club Discover

2. Target REDcard

3. Costco American Express

4. Lowes Consumer Credit Card

5. Pottery Barn Credit Card

6. Gap Visa Card

7. Mercedes Benz American Express Card

8. Exxon Mobil MasterCard

9. Victoria’s Secret Credit Card

10. Saks Fifth Avenue MasterCard

Monday, 28 May 2012

Department Store Credit Cards

The Good, The Bad, and The Downright Ugly side of Department Store Credit Cards.

The Good
  • Okay, say you are in a financial pinch and you really do need to get the item you are buying. Saving an extra 10% to 20% can be great and it's okay to take advantage of this IF you make sure you pay it off as soon as possible. Don't let the charge sit on the credit card because it will be racking up a hefty interest rate.
  • If you combine the credit card with a killer sale, you can make out like a bandit - just pay it off quickly.
  • If you have bad credit, you can often get a department store credit card when you can't get any others. This can work to your advantage and you can use the card to rebuild your credit if you will only charge small amounts, pay it off each month, or pay it off early.
The Bad

Temptation - Once you have that credit card in your possession, it's just sitting there telling you, "It's okay. Go ahead and buy it. You can afford it!" Don't listen. Just because you have the card doesn't mean you can buy whatever you feel like. Exert willpower or the temptation will get the best of you.

The Downright Ugly
  • High Interest Rates - Department store credit cards have the highest interest rates around. So unless you pay of the charge before the end of the billing cycle, whatever you saved when you signed up, just got eaten up. The items that you put on one of these cards will cost you a whole lot more in the long run.
  • They reproduce like rabbits - before you know it, you've accepted a whole boatload of these "helpful" little credit cards. Now the interest is piling up so high, you can't shovel your way out.
Do you see what I mean about department store credit cards? They can have their good points, but you also have to be wary of their "ugly" side too. Now that you know this, you can use these cards to your advantage instead of them taking advantage of you.

Saturday, 26 May 2012

Store Credit Cards

What You Need To Know About Store Credit Cards

Most people may have forgotten how long ago credit cards were introduced. Issued by big companies and backed by some of the biggest banks, credit cards since then have become an indispensable part of our everyday lives. Later, stores and other establishments expanded the scope of their businesses by issuing their own credit cards.

For the consumer, the primary question is how should one find good store credit cards to own. This is advantageous for the first timers who want to avail the attractive perks and services offered by these cards. Nowadays, store issued credit cards have their own attractive benefits and advantages. If you have a steady reliable job, a phone to your name, and have not reneged on your payments - then, it is easy for you to get one.

Benefits

The biggest benefit of getting this card is the chance to rebuild your credit. (Major card companies are usually hesitant to extend credit to truant card holders.) Having a store card or a gas card might just be your only options.

With good store credit cards, you can get financing without interest. Sometimes, this privilege is given over and above your usual customer discounts. The amount is significant if you have big purchases or your total purchase is large enough. Fortunately, these cards are also offered by some of the big familiar stores (Sears, Macy's, JCPenney, and Bloomingdales among them).

Advantages

Store-issued cards sometimes carry with them many privileges like continuing discounts and exclusive shopping days mostly offered to frequent shoppers. There are also special coupons and other privileges carried within their exclusive newsletters.

Some stores issue co-branded cards. These are cards that also carry the logo of familiar card companies like Visa, MasterCard, American Express and Discover among others. These co-branded cards can be used in other stores that accept them. These cards also have their own rewards programs. Some of these perks include earning points for airfares and store items, including cash backs.

Precautions

As your topmost precaution, always keep a mindset that owning such cards does not mean a new source of future loans. Both good store credit cards and those issued by the big card companies simply operate as a convenient means of not having to carry cash. Such cards from department stores or gas stations do help establish good credit. The only caveat is that avoid having more than two of them for each at any one time. You can only handle enough number of cards that your income and paying capacity can match.

More alerts

These cards are trickier to handle than other regular cards. As store customers, owners of these cards are often informed first on big sales and other store promotions. You could rack up enough purchases before you realize it. Most of these cards also have ongoing point reward systems which can entice card holders to spend more just to accumulate points. This does not include other purchase-enticing store services like layaway plans, phone orders, discounts on special deliveries and others.

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