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In How do credit card balances relate to getting a Mortgage?How do credit card balances relate to getting a Mortgage? several people seem to assume that store-based credit cards are a bad idea. What is the reason for that? Is there something about them that I'm missing?

~~EDIT~~

A little background.

We just got a Target credit card. We'd moved to a new area a couple years ago, and found that we were doing most of our shopping at the Target right around the corner from where we live. The card is 5% off all in-store purchases except for gift cards. Our other credit cards don't have better than 5% cash back.

We never carry a balance, so the rate of the card is a non-issue for us.

In How do credit card balances relate to getting a Mortgage? several people seem to assume that store-based credit cards are a bad idea. What is the reason for that? Is there something about them that I'm missing?

~~EDIT~~

A little background.

We just got a Target credit card. We'd moved to a new area a couple years ago, and found that we were doing most of our shopping at the Target right around the corner from where we live. The card is 5% off all in-store purchases except for gift cards. Our other credit cards don't have better than 5% cash back.

We never carry a balance, so the rate of the card is a non-issue for us.

In How do credit card balances relate to getting a Mortgage? several people seem to assume that store-based credit cards are a bad idea. What is the reason for that? Is there something about them that I'm missing?

~~EDIT~~

A little background.

We just got a Target credit card. We'd moved to a new area a couple years ago, and found that we were doing most of our shopping at the Target right around the corner from where we live. The card is 5% off all in-store purchases except for gift cards. Our other credit cards don't have better than 5% cash back.

We never carry a balance, so the rate of the card is a non-issue for us.

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David Oneill
David Oneill
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In How do credit card balances relate to getting a Mortgage? several people seem to assume that store-based credit cards are a bad idea. What is the reason for that? Is there something about them that I'm missing?

~~EDIT~~

A little background.

We just got a Target credit card. We'd moved to a new area a couple years ago, and found that we were doing most of our shopping at the Target right around the corner from where we live. The card is 5% off all in-store purchases except for gift cards. Our other credit cards don't have better than 5% cash back.

We never carry a balance, so the rate of the card is a non-issue for us.

In How do credit card balances relate to getting a Mortgage? several people seem to assume that store-based credit cards are a bad idea. What is the reason for that? Is there something about them that I'm missing?

In How do credit card balances relate to getting a Mortgage? several people seem to assume that store-based credit cards are a bad idea. What is the reason for that? Is there something about them that I'm missing?

~~EDIT~~

A little background.

We just got a Target credit card. We'd moved to a new area a couple years ago, and found that we were doing most of our shopping at the Target right around the corner from where we live. The card is 5% off all in-store purchases except for gift cards. Our other credit cards don't have better than 5% cash back.

We never carry a balance, so the rate of the card is a non-issue for us.

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David Oneill
David Oneill
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  • 2
  • 9

What's wrong with store credit cards?

In How do credit card balances relate to getting a Mortgage? several people seem to assume that store-based credit cards are a bad idea. What is the reason for that? Is there something about them that I'm missing?