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Store credit cards often come with low credit limits that can be maxed out in a single trip. According to the Consumer Financial Protection Bureau, you should keep your use of credit at no more ...
To get approved for a store card, the retailer — and the financial institution backing the card — must pull your credit report as part of the application process. This is called a hard inquiry ...
It is a reasonable interest rate and very low compared to other credit cards for bad credit. Mobile Application: Unlike many other organizations, the company has an easy-to-use mobile application.
Store credit is a special currency that can only be used to make purchases from a specific retailer. [1] [2] It is often used by retailers when customers return a product in lieu of a cash or credit card refund, or when merchandise cannot be exchanged. [3] [2] The store credit amount is usually equal to the item's last sale price. [2]
Store credit cards also tend to have lower credit limits than regular credit cards. This can affect your credit utilization. An ideal credit utilization is somewhere around 30% or less.
In different time periods and cultures, the acceptable interest rate has varied, from no interest at all as in the biblical prescript, [9] to unlimited interest rates. Credit card companies in some countries have been accused by consumer organizations of lending at usurious interest rates and making money out of frivolous "extra charges". [10]
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