Over the long term, if you maintain a
balance on a store credit card, for example, the fees and interest charges are often much higher than a major credit card.
The main selling
point on a store credit card is that it offers you an extra 10 % off of your purchase price every time you use the store's credit card.
If you are carrying debt on a high interest credit card with 15 % -22 % interest or
on a store credit card with 29 - 30 %, you will have a better rate of return putting the $ 10,000 towards your debt than you would investing it at a 4 % rate of return.
The interest rate
on a store credit card will likely be higher than a traditional one you get directly from a bank.