Pros and Cons Associated with Store Credit Cards

There have been hundreds of credit card offers made available in the US market presently. The credit card companies have been competing against each other with alluring incentives. These incentives have been point’s rewards, balance transfer offers at zero percent and cash back options. There have been several new offers that have been introduced in the US by various banks. Apart from those offers, some cards have been specifically introduced as Store Credit Cards. Among all the new credit card offers, the store credit cards would assist the cardholders for easily establishing a good credit history. The card members would be able to start building their credit history based on their card usage level.

In addition, the store credit cards have been known to come with plenty of attractive and useful incentives. Some of them have been free of charge gifts, discount coupons and gift certificates merely for signing up. The store credit cards would also cater a lucrative referral program that several card users who have been referred by card member could earn points for the referrer. There have been certain specific recommendable offers made available in the market. Let us see the benefit of store credit cards.

Various advantages associated with store credit cards

It would not be wrong to suggest that store credit cards are deemed a great option for saving significant money on your monthly expenses. They have been relatively easy to avail. Apart from ease of availability, they offer lower interest rates. Moreover, you could also earn rewards for using them. Nonetheless, it has been deemed of great importance to remember that they have been still a line of credit and you would have to be extra responsible with them. use-cash-back-card What you should be vary about while using store credit cards

Do not ever blow your entire line of credit in a single shopping trip. Using your credit line all at once would make it relatively harder to repay. Moreover, it would take forever prior to you getting an enhancement in your credit availability.

Do not go bonkers when applying for credit card. Having several open lines of credit would cause your credit score to suffer considerably. Moreover, having a low credit score could stop you from buying a new home, new car and several other things you might need in future.

You should make your payments in a timely manner. This would be relatively easy as long as you do not over extend. Do not charge more than you could afford to pay back instantly.

Availing a store credit card has been deemed a great mode to raise your credit score. However, the pertinent thing to remember would be to use this chance responsibly. You might never get the chance again.


Always remember, several people have started out with a simple credit card acquired through their favourite store. However, before they knew, they were in bankruptcy court wondering where they had gone wrong. Every individual has to start smart budgeting along with consumption decisions prior to he or she moving forward in their use of credit.

Author Bio Willie DeJarnette has comprehensive knowledge and understanding of the financial arena. His all-encompassing research for several years has produced relevant information in his articles and blogs. His articles have been providing requisite information and knowledge on prudent usage of credit cards.