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Pros:
- Many stores offer 15-20% off your purchase when you sign up for the card
- Cardholders are also offered discounts that regular shoppers do not have access too
- Some cardholders can get free shipping online
Cons:
- Your credit score can go down if you sign up for another credit card
- High interest rates
- Can only use at one store
- Opening a card just to get the discount and then closing it again will affect your credit score negatively
Wiki User
∙ 14y ago
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How do you go about applying for a credit card?
In order to find out what the pros and cons of a credit card are and how you use one, you may need to talk to a credit card company representative or someone else who owns a credit card that can explain how it is used and how it works.
Pros and cons of a credit card?
the pro is that you can buy whatever you want whenever you want. however the cons is that you can easily go into debt. i suggest you to go with a debit card first and if you are good at controlling your money then you should go for a credit card later on.
Which credit cards have the best rewards programs?
Compare the best rewards credit cards available at credit-card-review.toptenreviews.com/rewards-credit-card/. This website is a great tool to shop around and compare the pros and cons of the different available cards.
What are the pros and cons of debit cards?
The Pros of having a Debit card is you don't have to write a check and also won't let you go in debt. The Cons of having a Debit card is it makes it too easy to spend money at least until your account is empty.
What is the effective date for the new credit card law?
The new credit card law will be effective February 22, 2010. I have detailed all the pros and cons of the new regulations in the informative articles linked below.
What are the benefits of a visa credit card?
Owning a credit card has its pros and cons. Visa is one of the most recognized brand names in the world. Most businesses that accept credit cards accept visa as payment. Visa also has a rewards program that member can use to their advantage.
Can someone help me in choosing by comparing the pros and cons of a credit card plan?
Well, some credit cards offer different pros and cons than others, like low interest rates etc. I would recommend VISA or MasterCard. Either of those two would do.
How do I properly fill out a credit card application?
Congratulations on your first credit card. I would like to suggest first that you do some research in comparing different types of credit cards and study their pros and cons. This website is good for that goal.www.creditcards.com/ And it has the added benefits of being able to tutor you in filling out that application after you have decided on the best card to own. Good Luck.
What are the advantages of an AA credit card?
There are many pros and cons to each type of credit card which one should consider carefully before applying. For AA, or American Airlines credit cards, many people feel the biggest advantage is the ability to earn air miles which can be used for free flights or products.
What are the cons of accepting credit cards?
One con of accepting and using a credit card can be a possible decline in one's credit score if one has too much credit on the card or if one makes late payments. Another con can be that one may get deep into debt or stuck with a high interest rate that one finds difficult to pay off.
Where can one find the best cash back credit cards?
The online service Google Advisor compares many different credit cards and displays their pros and cons side by side. This can be used to determine which credit card is perfect for one's individual needs.
Request to stop interest rate charge to your credit card?
Before the credit card companies were able to increase the rates with or with out notification, but now they have to notify if any increase rate or annual fee, within 45 days notification. When this happen, a simple call to the credit card companies to opt out from the fees or increase of the APR will work. Check what are the cons with the credit card companies, since they can rise the minimum payment or make it harder to pay, also read their notices for any restrictions or considerations
