Department store credit cards

The department store credit cards are different from the regular credit cards in so many ways. But as credit cards, and as the slogan goes, ‘spend now pay later’ policy, it is the same for both of them. Even the other slogan of so many married men, ‘spend now regret later’ goes the same for both of these cards. In today’s financial situations, many people try to go to a single place that sells all, like a big super departmental store. You get everything in one place, not so much travel, and not so much wastage of time and all that benefits. If you carry that store’s credit card, you need not carry your other cards, you need not worry about the balance credit in those other cards, for this one card is sufficient for all your purchases in this one big store.

If you have not obtained these department store credit cards yet, just go to the till and let you be anointed with all the soaps and perfumes of the supervisor in charge of the store’s credit card department. You will be showered with details of miraculous savings, mostly on the items that you would never need, superlative offers on the bulk purchase of items that you would need maybe a little now and then but on a regular basis, golden chances of being the first to see and touch and buy something special on a special holiday, and many more once in a lifetime offers. You would feel like signing up then and there. Even if you don’t, they would make sure that you do.

Because, if you sign up and start carrying these department store credit cards, the stores are assured of certain business. It is their brownie points collected for showing at their banker’s desk. They get more finance to make more money. Though these department store credit cards differ from the regular cards, in that you cannot make your purchases anywhere as this card is tied only to a particular departmental stores, you have a reason to celebrate. You need not have any credit limit balance with the other cards, if you need to buy any goods from this place. They have their own credit sanctions and limits for you, depending upon your past purchases, and other characteristics. Coupled with all the benefits they offer, it is a good idea to go accept the card that comes your way.

But there is a word of caution about these department store credit cards. It is no big deal, the same advice that is said, before going for any credit card. Buy wisely and pay before due dates. You know it becomes hard on the part of the credit card holder if the due dates are missed. The interest rates go up, service charges add up, penalty and penalty on penalty stacked up, and this huge wave from the financial seas drenches you and makes you wonder why you got the credit card in the first place. Been there? Then it is better that you don’t get these department store credit cards. The reason is, if you ever forgot the due date for some reason known only to you, then that huge wave becomes a mammoth tsunami, and not only it drenches you, it drags you to the bottom of the financial ocean. Rest in Peace. The department store credit cards normally make you pay almost double the interest for late and defaulted payments.