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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.

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