Categories

Credit Cards

Tools

  • Investing
  • Personal Finance
  • Related Posts


    How To Avoid These Common Credit Card Traps
    10 Ways To Protect Yourself From Identity Theft
    Chip Or Dip? Move To Chip-based Cards No Picnic
    Is Your Credit Card Ripping You Off?
    Credit Cards Can Be Stolen Right Under Your Nose
    How Not To Get Bullied On Retail Credit Cards
    Fear Of Credit Card Fraud Tops Terrorism
    Avoiding Credit Mistakes 20-somethings Make
    Want A Lower Credit Card Interest Rate? Just Ask
    5 Ways To Protect Yourself From Data Breaches
    What Paying With Plastic Says About You
    5 Top Credit Cards With Benefits
    4 Times When It’s OK To Max Out Credit Cards
    P.F. Chang’s Restaurants Hit With Data Breach
    5 Credit Cards That Make Shopping Extra Rewarding


    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 CreditCards.com senior industry analyst Matt Schulz.

    Credit cards offered by retailers come saddled with an average APR of 23.23%, according to a CreditCards.com 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%.

    CreditCards.com 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.

    The Danger Of Overstuffing Your IRA
    Two Asset Allocation Rules You Need To Follow At Any Age
    Survey Finds An Unfounded Rise In Retirement Confidence
    Unraveling The Mysteries Of Social Security WEP And GPO
    The Quest For Downside Protection
    Active Versus Passive Investing: Are These Really The Only Two Options?
    Detective’s Vacation And Sick Time Not Excluded From Taxable Income
    The Common Retirement Assumption That’s Flat Wrong
    Nine Cheap Ways To Guard Your Personal Data
    Four Tips For Cleaning Up Your Credit Score
    Mortgage Applications Rose In Latest Week
    One-third Have Almost No Retirement Savings
    As Stocks Fade, Should I Go To Cash?
    The Simple Calculation That Can Boost Your Retirement Savings
    5 Vital Questions To Ask Before Retirement
    Five Must-Dos Before Becoming An Entrepreneur
    The Airlines And Hotels That Rank Highest For Customer Service
    Sick Of Working For Someone Else? Here Are Three Things You Must Do Before You Quit Your Job
    Oscar, The Health Insurance Startup, Now Valued At $1.5 Billion
    How Much Value Are You Really Bringing To The Team?
    AARP: 10 Most Livable Neighborhoods In USA
    Eight Biggest Misconceptions About Retirement
    If You Owe Under $1 Million, The IRS May Not Visit You
    How Many Investments Do You Need In Your Portfolio?
    IRS Seeks Record $2 Billion In Back Taxes From Prominent Businessman And Philanthropist Sam Wyly
    Heartbreaking Reasons To Save Outside Of A 401k, 403b, Or IRA For Retirement
    Why Individual Investors Do So Poorly In The Market
    6 Behaviors People In Business Loathe
    Managing The Unmanageable: The 6 Most Common Types Of Difficult Employees
    This 8-Year-Old Girl Makes $127,000 A Month Baking Sweets On YouTube
    Read more from Personal Finance...

    Liberty Investor Digest

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



    Sources


    close[X]

    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.