Credit Cards


  • Economy & Politics
  • Investing
  • Personal Finance
  • Related Posts

    Two Credit Card Traps To Avoid This Holiday Season
    This Week In Credit Card News: Voice Identification To Fight ID Theft, Rubio’s Card Use Under Fire
    MasterCard Tries ‘Selfie Pay’ For Online Purchases
    How New Credit Cards Stunted Netflix’s Growth
    Chip Credit Cards Bring More Online Fraud, New Email Scams
    Retailers: Chip Cards Need PIN To Protect Shoppers
    Beware Of New Smart Chip Credit Card Scams
    Does That New Credit Card Chip Really Protect You?
    New U.S. Credit Cards Are About To Make Tipping A Lot More Awkward
    The Way You Use Your Credit Card Is About To Change
    EMV Credit Card Day’s Oct. 1 And We’re Not Ready
    Over 200 Million Chip-enabled Payment Cards Issued In The U.S.
    This Week In Credit Card News: Thieves Test Cards On Charity Sites; Why Your Chip Card Is Safer
    The Risks And Opportunities Of Using A Balance Transfer To Eliminate Credit Card Debt
    This Week In Credit Card News: Google Launches Android Pay, Consumers Borrowing More

    Watch Out For Credit Cards Issued By Retailers

    You’re checking out at a store, and the cashier says, “You could save 15% today if you sign up for our credit card.” What do you do? “Say no, thanks,” says senior industry analyst Matt Schulz.

    Credit cards offered by retailers come saddled with an average APR of 23.23%, according to a report out today. That’s more than twice the national average of low-interest-rate cards, 10.37%. And it’s 8 percentage points higher than the national average for all credit cards, 15.03%. surveyed 36 retailers from the National Retail Federation’s Top 100 Retailers of 2014, and the retail card with the highest rate was jeweler Zales, at 28.99%, followed by Staples and Office Depot, at 27.99%.

    Interest rates are something people rushing through a checkout counter might not stop to consider, but they should.

    “Anytime that you’re making a decision without taking the time to read through the contracts and terms of service, it’s not (a good idea),” Schulz says. “It’s always best when you’re offered one of these cards to take a step back and think about it.”

    He recommends that shoppers…

    Click to read the full story

    Discuss this Story:

    Comment Policy: We encourage open discussion. Comments including racist statements, profanity, name calling or spam will be removed at our discretion. We use filters for spam protection. If your comment does not appear it is likely because it violates the policy.

    Samsung’s Oculus-powered Gear VR Is The Best Money Can Buy
    Pay Your Taxes Or Lose Your Passport
    Brand-Name Drugs Increase Cost But Not Patient Satisfaction
    Retailers May Soon Use Your Cell Phone To Follow You Around In Their Stores
    Do I Need Life Insurance After I Retire?
    Four Common Risks That Can Devastate Your Retirement
    How To Handle Health Insurance Choices
    Financial Fire Drill: How Quickly Could You Save $9,365?
    The Secrets Of Boosting Your Credit Score
    Man Gets $21.5M Verdict For Door Injury, But IRS Is Biggest Winner
    What’s Better: Lump Sum Investing Or Dollar Cost Averaging?
    Digging Yourself Out Of Debt
    Unaffordable Health Care: Financial Roulette
    The Grinch Sizes Up Holiday Spending Forecasts
    Want To Maximize Your Legacy? Don’t Leave Any Money To Your Kids
    The Selective Thinking Of American Consumers When It Comes To What They’ll Give Up For Climate Change
    5 Types Of Insurance You Probably Don’t Need
    How To Invest When Terrorism Is Imminent
    Homebuilder Sentiment Drops For First Time In 6 Months
    Scientists Now Think That Being Overweight Can Protect Your Health
    Building Better Long-Term Care Insurance
    It’s Official: Medicare Part B Premiums Will Rise 16 Percent In 2016 For Some Seniors
    SIx Ways To Make Smart Open Enrollment Choices
    Retirement Account Mistakes–Not For Dummies
    Your Retirement Plan May Be Inside Out
    Don’t Buy A Fixed Index Annuity Until You Read This
    Don’t Confuse ‘Saving’ With ‘Not Spending’
    Holiday Travel Tips From Seasoned Road Warriors
    The Best Gadgets And Gear Of 2015
    Four Smart Strategies To Help You Save For Retirement
    Read more from Personal Finance...

    Liberty Investor Digest

    Get today's most important
    financial headlines all in
    one place by email!



    Sign Up For Liberty Investor Digest™!

    Get Liberty Investor Digest FREE By Email!

    Input your name and email address in the fields below and get today's most important financial headlines sent straight to you inbox!

    Privacy PolicyYou can opt-out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.