Posts Tagged ‘gas station’

Store Credit Cards

by on Thursday, January 19th, 2012

This past week I was shopping at various stores almost every night after work. It seems like this was the week to get all the errands run and all the things bought that I’ll need for the ever growing “honey do” list.

It seems like every store I went to tried to pitch me on signing up for either their store issued credit card or their store’s special frequent customer card. I already have a key chain full of those frequent customer cards and frankly, I don’t want any more garbage hanging on my key chain.

Store credit cards are another matter. I have read the terms and conditions for all the major retailer’s cards and not any of them are a good deal for the consumer. The interest rates are very high and late fees and penalties are extremely high.

I seriously do not recommend getting any of the retailers credit cards, except for possibly the convenience of a gas station branded card. If you get a gas station card, make sure you pay the balance in full every month, or the interest and fees add up really fast. Unless you like paying double the price at the pump over the course of a year, be extremely careful how you use and maintain a gas station credit card.