If you're 90 days
late on a store credit card, it could drop your FICO score by more than 100 points.
Not exact matches
We've written earlier about how that is generally a bad idea (more
on that
later), but to illustrate our point and in light of the current retail climate, we thought it'd be a good idea to show you what happens to a
store - branded
credit card when the company shuts its doors.
If you go this route, try to keep one
credit line that you've had for a few years (like a
store credit card) open... this will make things easier
later on.
Credit Score consist on many factors: Your payment history (including any late payments or missed payments that will affect your score negatively), your credit card balances (that will be taken into account when the loan amount is determined), bank accounts (including savings and checking accounts) and any other form of credit including all outstanding personal loans, mortgage loans, store cards,
Credit Score consist
on many factors: Your payment history (including any
late payments or missed payments that will affect your score negatively), your
credit card balances (that will be taken into account when the loan amount is determined), bank accounts (including savings and checking accounts) and any other form of credit including all outstanding personal loans, mortgage loans, store cards,
credit card balances (that will be taken into account when the loan amount is determined), bank accounts (including savings and checking accounts) and any other form of
credit including all outstanding personal loans, mortgage loans, store cards,
credit including all outstanding personal loans, mortgage loans,
store cards, etc..
In
late 2014, I got a
credit card at a J. Crew
store when buying a suit to collect a huge discount
on the purchase.
You can see how the strategy works: the tax loan is killed off in the first month and from there the Mullens can focus
on the department
store credit card, which will be paid off three months
later.
In
late April 2007, Nordstrom unveiled a «tiered» rewards program that allows customers to earn perks when they spend enough
on their Nordstrom
credit card, debit
card or check
card at the
store.
Add to that the
latest Discover Get More rewards incentive program that allows
credit card members to earn an amazing 5 percent cash back
on purchases made at restaurants, home improvement
stores, bookstores, grocery
stores, drugstores and other participating locations.
MCLEAN, Va., Nov. 14, 2012 / PRNewswire via COMTEX / — This «Black Friday,» the traditional prime holiday shopping day, nearly half of rewards
card holders are not planning to hit
stores or online retailers according to the
latest Capital One (NYSE: COF) Rewards Barometer (www.capitalone.com), a quarterly survey among American consumers that focuses
on how they accumulate and redeem
credit card rewards.