Jan11 2 6_weighing the pros and cons of credit-final


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Jan11 2 6_weighing the pros and cons of credit-final

  1. 1. Weigh the Pros and Cons of Credit<br />Privacy Matters Identity Helps you Decide whether Store Cards are Worth it!<br />
  2. 2. Store Cards<br />Store cards are basically credit cards that are issued by stores<br />But these can be used in specific stores or chain of stores only<br />A store card generally offers some perks to those who opt for them in terms of loyalty points and special offers too<br />But these store cards can spell disaster for the shopaholic who does not know how to stop<br />
  3. 3. Store Cards<br />Store credit cards are one of the main strategies that stores adopt to lure shopaholics and bargain hunters<br />They create offers and promises relentlessly<br />The store cards are definitely a marketing gimmick that help the store more than the customers<br />But store credit cards are not always bad if you use them well<br />Some tips from Privacy Matters Identity can help you turn the tables and use store cards to favor you<br />
  4. 4. Real Money<br />It is important to remember at all times that even when you are swiping a card, you are spending real money. <br />Remembering this helps in preventing you from treating the store card frivolously <br />After all it is not monopoly money<br />Being careful while spending on store card is essential lest you find a ‘go to jail’ command in the future<br />
  5. 5. Interest<br />It is important to avoid any kind of interest on store cards since these can be extremely high<br />Make sure that you pay off the entire amount when you get the bill<br />If you put off clearing the amount and continue to carry forward the credit the interest will also accumulate<br />You may end up spending more than the 10% discount that you got due to the store card<br />
  6. 6. Hidden Fees<br />There are some stores that sneak in an annual membership fee that can sometimes be very high<br />And this can mean that you pay a certain fee to the store irrespective of whether you shop at the chain or not<br />Store cards also charge a hefty late fee that you may just not notice on the statement that you receive<br />So make sure that you find the bills, look up the statements and make the payment in time<br />Privacy Matters Identity suggests that you ask about all the fees or fines that have been charged to you<br />
  7. 7. Privacy Matters Identity explains that Store Credit Cards can be used to your Advantage<br />But you do need to know how to manage and control your spending and pay on time too<br />