{"id":6754,"date":"2016-04-15T18:03:39","date_gmt":"2016-04-15T18:03:39","guid":{"rendered":"\/?p=6754"},"modified":"2018-12-28T20:25:30","modified_gmt":"2018-12-28T20:25:30","slug":"cons-to-getting-department-store-credit-cards-part-1","status":"publish","type":"post","link":"https:\/\/findyourcoveragepolicy.com\/finance\/credit-cards\/cons-to-getting-department-store-credit-cards-part-1\/","title":{"rendered":"Cons to Getting Department Store Credit Cards: Part 1"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">When you go into a store, it\u2019s not uncommon to get an offer for their store card. In fact, they make big money off of this method. But, before you grab one there are some things you should be aware of. In part one of \u201cCons to Getting Department Store Credit Cards\u201d, you\u2019ll see some of the disadvantages to applying for one of these cards.<\/span><\/p>\n<p><b>Limited Use: \u00a0<\/b><span style=\"font-weight: 400;\">With some store cards, you can use them just like a normal credit card, but with others you can only use it at that store.<\/span><\/p>\n<p><b>High Interest rates: <\/b><span style=\"font-weight: 400;\">Store credit cards have much higher interest rates than regular credit cards. Some stores do allow a certain period with no interest rates, but if you miss a payment they may go back and apply those interest rates.<\/span><\/p>\n<p><b>Credit Score Loss: <\/b><span style=\"font-weight: 400;\">Every time you apply for a card, your score gets knocked down by a few points. Plus, if your balance is too high it can hurt your score as well.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In <a href=\"\/credit-cards\/cons-to-getting-department-store-credit-cards-part-2\/\">part two<\/a>, you\u2019ll get to see a few other disadvantages to having a store card.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you go into a store, it\u2019s not uncommon to get an offer for their store card. In fact, they make big money off of this method. But, before you grab one there are some things you should be aware of. In part one of \u201cCons to Getting Department Store Credit Cards\u201d, you\u2019ll see some [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7090,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/posts\/6754"}],"collection":[{"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/comments?post=6754"}],"version-history":[{"count":0,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/posts\/6754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/media\/7090"}],"wp:attachment":[{"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/media?parent=6754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/categories?post=6754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/findyourcoveragepolicy.com\/wp-json\/wp\/v2\/tags?post=6754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}