Pros and Cons of Department Store Credit Cards [Infographic]

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That store credit card you’re thinking about opening—you know, the one the sales clerk says will save you 20% off today’s purchases—may not be as good a deal as you think. While there are definitely upsides to having a store credit card, there are downsides you should consider as well before saying “yes” to that persuasive clerk.

About the author:

Sean P. Egen

After realizing he couldn’t pay back his outrageous film school student loans with rejection notices from Hollywood studios, Sean focused his screenwriting skills on scripting corporate videos. Videos led to marketing communications, which led to articles and, before he knew it, Sean was making a living as a writer. He continues to do so today by leveraging his expertise in credit, financial planning, wealth-building, and living your best life for Credit One Bank.

This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.

The Benefits of Using Credit Cards Over Debit Cards

The same question is always asked when you go to check out at the store: credit or debit? While some people tend to favor using their debit card over a credit card, there are clear benefits to using a credit card for your daily purchases. The decision of whether to pull out your credit card or a debit card at the cash register should factor in reasons such as your budget, credit score, security, and personal preference. Credit cards offer several unique perks that set them apart.

Reviewing the benefits of having a secured credit card

What Is a Secured Credit Card & How Does It Work?

A secured credit card could be a good alternative to an unsecured card if you’re new to credit or trying to improve a poor credit history and are unable to qualify for an unsecured card. It can help you learn how to use credit wisely while building or rebuilding your credit.

How Do Travel Credit Cards Work?

A travel credit card—more accurately, a travel rewards credit card—can help make getting away a little easier. Especially on your wallet, if it’s the right card for you. But what exactly is a travel awards credit card, how do you know if one is right for you, and how do you go about getting one?

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Pros and Cons of Department Store Credit Cards [Infographic]

The Benefits of Using Credit Cards Over Debit Cards

What Is a Secured Credit Card & How Does It Work?

How Do Travel Credit Cards Work?