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Store credit card applications skyrocket around Black Friday — but the discounts they offer come with a catch





shopping teenagers retail

  • Many retailers lure customers with store credit cards during the holidays, which offer discounts in exchange for loyalty.
  • But interest rates on retail credit cards have risen to almost 25%, or more than 10% higher than general-use credit cards.
  • If you carry a balance, it’s not a good financial move to sign up for one.

For a frequent shopper, nothing is better than a good discount.

Thankfully, shoppers no longer have to wait around for bargain holidays like Black Friday or Cyber Monday to get their fix.

Stores like Macy’s and Nordstrom have begun offering deals year-round to combat the retail apocalypse. read more >>>

Source:: BusinessInsider.Com

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