Comments on: An Interesting Conversation About Store-Branded Credit Card Applications http://www.ncnblog.com/2008/05/08/an-interesting-conversation-about-store-branded-credit-card-applications/ Debt Reduction Rocks - We Are Living Debt Free! Fri, 10 Feb 2012 00:09:10 +0000 hourly 1 By: angel http://www.ncnblog.com/2008/05/08/an-interesting-conversation-about-store-branded-credit-card-applications/comment-page-1/#comment-111076 angel Mon, 26 May 2008 18:40:30 +0000 http://www.ncnblog.com/?p=1221#comment-111076 Imvu credits Imvu credits

]]> By: Inzaburbs http://www.ncnblog.com/2008/05/08/an-interesting-conversation-about-store-branded-credit-card-applications/comment-page-1/#comment-107303 Inzaburbs Mon, 12 May 2008 15:14:57 +0000 http://www.ncnblog.com/?p=1221#comment-107303 My sister came to visit from the other side of the world and was offered a free gift if she signed up in (I think it was Macy's). She told them it would be rejected because she didn't live here but she was talked into doing it anyway. Using my address. Very clever. My sister came to visit from the other side of the world and was offered a free gift if she signed up in (I think it was Macy’s). She told them it would be rejected because she didn’t live here but she was talked into doing it anyway. Using my address. Very clever.

]]> By: Techy http://www.ncnblog.com/2008/05/08/an-interesting-conversation-about-store-branded-credit-card-applications/comment-page-1/#comment-107293 Techy Mon, 12 May 2008 13:55:07 +0000 http://www.ncnblog.com/?p=1221#comment-107293 At one retailer by me; big local company to the NYC Metro area(P.C. Richard & Son-50 stores in the area), they always give no interest for a minimum of 90 days on all purchases(usually longer on bigger purchases) So their card is worth it. They sent me a birthday card recently and I got 10% off in the store for being a card member. Otherwise, I agree the store cards are worthless; but there are some exceptions out there, this being one of them. At one retailer by me; big local company to the NYC Metro area(P.C. Richard & Son-50 stores in the area), they always give no interest for a minimum of 90 days on all purchases(usually longer on bigger purchases) So their card is worth it. They sent me a birthday card recently and I got 10% off in the store for being a card member. Otherwise, I agree the store cards are worthless; but there are some exceptions out there, this being one of them.

]]> By: Lindsay http://www.ncnblog.com/2008/05/08/an-interesting-conversation-about-store-branded-credit-card-applications/comment-page-1/#comment-107291 Lindsay Mon, 12 May 2008 13:46:52 +0000 http://www.ncnblog.com/?p=1221#comment-107291 As a college student I work part time at Old Navy. They have this same policy. On my schedule each week I have a number written on the bottom. The number of credit card apps I'm supposed to get people to sign up for that week. Yeah right. I never meet this goal and then I get in trouble. But the Old Navy I work at is in such a small town I'm sure by now everyone already has a card. And I always feel like I'm a skeezy car salesman when I have to ask people to sign up for credit cards with crazy credit rates of 23% +. As a college student I work part time at Old Navy. They have this same policy. On my schedule each week I have a number written on the bottom. The number of credit card apps I’m supposed to get people to sign up for that week. Yeah right. I never meet this goal and then I get in trouble. But the Old Navy I work at is in such a small town I’m sure by now everyone already has a card. And I always feel like I’m a skeezy car salesman when I have to ask people to sign up for credit cards with crazy credit rates of 23% +.

]]> By: Tim http://www.ncnblog.com/2008/05/08/an-interesting-conversation-about-store-branded-credit-card-applications/comment-page-1/#comment-107276 Tim Mon, 12 May 2008 13:29:02 +0000 http://www.ncnblog.com/?p=1221#comment-107276 i tell them no, too, because I don't use credit cards, then i charge my purchase on a credit card. but that's me living dangerously. just like any other credit, you have to manage credit wisely. we have a store credit card because the clothes simply fit my wife better than clothes in other stores. since we were one of the earlier status members, we received status for life which has better benefits like more points and free shipping regardless of purchase amount and we do not have to meet the annual status purchase requirement. since we do a lot of online shopping, free shipping adds up. since we pay off every billing cycle, it doesn't matter how much they charge in interest rates since we aren't going to be paying any interest rates. if you are worried about interest rates on a store branded card, or any credit card for that matter, then you probably ought not to be getting the credit card (of course i'm talking about purchases not if you are trying to reduce debt). ok, we technically have two branded credit cards, if you count Chase Amazon, but since it is a regular visa card (albeit points earned are towards amazon purchases) you can use it anywhere else visa is accepted. again, since we buy most things on line and most things from amazon, it is worth while and exceeds what we'd get from another credit card. at the end of the day, it really is about controlling your spending habits, knowing your spending habits, and maximizing from your spending habits. i tell them no, too, because I don’t use credit cards, then i charge my purchase on a credit card. but that’s me living dangerously.

just like any other credit, you have to manage credit wisely. we have a store credit card because the clothes simply fit my wife better than clothes in other stores. since we were one of the earlier status members, we received status for life which has better benefits like more points and free shipping regardless of purchase amount and we do not have to meet the annual status purchase requirement. since we do a lot of online shopping, free shipping adds up. since we pay off every billing cycle, it doesn’t matter how much they charge in interest rates since we aren’t going to be paying any interest rates. if you are worried about interest rates on a store branded card, or any credit card for that matter, then you probably ought not to be getting the credit card (of course i’m talking about purchases not if you are trying to reduce debt).

ok, we technically have two branded credit cards, if you count Chase Amazon, but since it is a regular visa card (albeit points earned are towards amazon purchases) you can use it anywhere else visa is accepted. again, since we buy most things on line and most things from amazon, it is worth while and exceeds what we’d get from another credit card.

at the end of the day, it really is about controlling your spending habits, knowing your spending habits, and maximizing from your spending habits.

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