Timeline for What's wrong with store credit cards?
Current License: CC BY-SA 2.5
6 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| May 19, 2011 at 17:08 | comment | added | Ben Hocking | @McChrister: as long as the store card isn't the only card, then you would use the lower interest rate card in the emegency, no? | |
| Mar 16, 2011 at 2:22 | comment | added | matt b | I would imagine #3 on this list (the high interest) rate is the most important reason why most of these cards are not a great idea | |
| Mar 15, 2011 at 23:30 | comment | added | David Oneill | Good to know. | |
| Mar 15, 2011 at 23:22 | comment | added | MrChrister | @ David Oneill - the rate can be a problem in an emergency if you need to carry a balance. One application in4 years isn't a problem. Many applications in one years is. We never get to know the actual number as they don't disclose the scoring models (and there are lots of models to pick from besides.) | |
| Mar 15, 2011 at 22:20 | comment | added | David Oneill | The rate is a non-issue for us: we never carry a balance from month to month. How many applications are needed to hurt my score? This was the first CC I'd applied for in 4 years. | |
| Mar 15, 2011 at 22:15 | history | answered | MrChrister | CC BY-SA 2.5 |