"Would you like to open a store card with us to save 15% on today's purchase?" Sound Familiar? According to the Fair Isaac Corporation the average American has nine to ten credit cards open, bet you didn't know there were that many slots in a wallet! Americans carry about $8,000 dollars in debt. Surprise i know. Most of which is accumulated through high interest cards such as the store cards opened on impulse to save that 15%. Next time you think of saying yes to this common question,think again, the 15% you save is not worth it!
*Here are some Examples of Store Card Interest Rates*
American Eagle Credit Card: 24.99%
JCPenny Store Card: 26.99%
Von-Mour: Surprisingly no interest rate!
Limited:24.99%
Express:24.99%
Victoria's Seceret:N/A
Target: 22.5%
Dillard's:22.99%
Office Depo: 27.99%
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