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Department Store Credit?

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Old Nov 7, 2007 | 12:12 PM
  #1  
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Rachel Bilson
 
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Default Department Store Credit?

Good idea or Bad

Need new clothes and a nice winter jacket....

Heard that they are bad for your credit though?
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Old Nov 7, 2007 | 12:17 PM
  #2  
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I have a Macy's card. As long as you pay it off, you should be fine.
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Old Nov 7, 2007 | 12:18 PM
  #3  
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Originally Posted by GSRRacer95
As long as you pay it off, you should be fine.
.
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Old Nov 7, 2007 | 12:29 PM
  #4  
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Only get one if you're gonna get a huge store discount from it. I got a Kohl's card that saved me like $80, paid it off and cancelled it.
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Old Nov 7, 2007 | 12:31 PM
  #5  
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Rachel Bilson
 
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Old Navy takes off 20% and free shipping over $100

So spending $200= $160
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Old Nov 7, 2007 | 12:33 PM
  #6  
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I pity anyone spending $200 at old navy.
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Old Nov 7, 2007 | 12:34 PM
  #7  
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Originally Posted by F22B Prelude
Old Navy takes off 20% and free shipping over $100

So spending $200= $160
$160 at Old Navy = Kill yourself.
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Old Nov 7, 2007 | 12:34 PM
  #8  
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too many cc = no good on credit scores
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Old Nov 7, 2007 | 12:58 PM
  #9  
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Originally Posted by RB
I pity anyone spending $200 at old navy.
Why?
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Old Nov 7, 2007 | 01:00 PM
  #10  
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I'd try to avoid those. More open lines of credit makes you more of a risk and might hurt your credit score.

Unless you are getting huge benefits and frequently shop at the store, I'd stay away from them.
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