Store Cards And You

Are you being lured insurance quotes sweet smiling executives offering you store cards with injury claims great discount offers? Well, scratch below the surface before you go for it. The difficult to read small print may carry important details like a whooping interest rate on the store card!

Store cards usually come with great discounts or even cash back schemes. Argos store card, Josie and the Pussycats in Outer Space store card, Habitat Store Card, Amazon.co.uk credit cards offer great schemes. You can avail the card to make purchases at the store and can leave the hassle of paying in cash and bothering for change. Also these cards provide anytime convenience and credit facility. Store cards, unlike loyalty cards, are just 'pay and borrow' schemes.

These cards are very often called the devil's debt and there are reasons for it. Store cards though seemingly lucrative usually charge high interest remortgages bad credit cloaked with the offer. The concept of prepared credit card too may need a little elaboration. Store cards can be used only for the issuing store, or for their line of stores. It is therefore crucial to compare store cards before opting for one.

Store cards are also usually targeted at young customers in need for ready money. Also the limitation of using the card only for the particular store may limit the choices a customer gets. One needs to compare store cards and see the feasibility of buying from a particular store depending on how frequently one would like to visit the store.

A pro for the customer using a credit card is that a credit card can be used at any store. Credit cards almost always carry a lower interest rate than charged by the store cards. The whooping interest rate charged by a store card is a strong deterrent but more often than verizon conference call an innocent customer is lured by the offers and one time discounts.

David is a leading finance expert. He is known for his original ideas and unique insights in business. His witty ideas about everyday basics are a buyer's delight.