2007-01-19 10:31:18 · 10 answers · asked by Red Angel 4 in Business & Finance ➔ Personal Finance
yes.. get rid of this card... pay it off and cancel it...
2007-01-19 10:38:02 · answer #1 · answered by Jen G 5 · 1⤊ 0⤋
Nobody should have any store credit card. They are not necessary at all, with interest rates too high and nothing but a way to get people to spend money they don't have. Yes get rid of the card and transfer to a lower rate on another card if you can.
2007-01-19 19:53:42 · answer #2 · answered by The Scorpion 6 · 1⤊ 0⤋
Store credit cards willalways have a higher APR then a bank issued Visa/Mastercard/AmEx. And they will up that for late payment. Of course, any credit card will raise the APR if you have too many late payments.
Pay off the card, cancel it, and stear clear of store issued cards.
2007-01-19 21:30:18 · answer #3 · answered by ? 2 · 1⤊ 0⤋
BEST ADVICE--- Pay it off ASAP, and CANCEL IT! Any store credit card, no matter what store, will raise a red flag on your credit report score! Just stick to 1 or 2 credit cards, and be sure to pay ON TIME, EVERY TIME, preferaby the entire amount to avoid interest rates all together. Any other questions email me @ shermanator124@hotmail.com.
2007-01-19 19:43:12 · answer #4 · answered by What it is... 2 · 1⤊ 0⤋
Well, you can't get rid of it until you pay it off and once it's paid off they'll probably lower the rate. But, that said, I would probably get rid of it anyway. You'd do much better to get a good cash back card that you can use for everything. That way you get rewards no matter where you shop. Just make sure you pay it in full each month otherwise the cash back is worthless because you are paying more in interest.
Good luck!
http://www.personalfinance101.org/?utm_source=YH&utm_medium=link
2007-01-19 20:33:10 · answer #5 · answered by personal_finance_101 3 · 1⤊ 0⤋
I'd never take out a credit card that had penalty rates that high in the first place.
2007-01-19 19:10:31 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
pay it off and cancel it. store credit cards are a bad idea if you dont have the money to pay for the stuff in the store then you prolly dont need it.
2007-01-19 18:48:43 · answer #7 · answered by chrfou18 3 · 1⤊ 0⤋
Yes
2007-01-19 18:38:41 · answer #8 · answered by gettin it 3 · 1⤊ 0⤋
#1 why didn't you make the payments on time? #2 What store is this...a loan shark store?
2007-01-19 18:34:58 · answer #9 · answered by Anonymous · 1⤊ 0⤋
i woudn't even have one to begin with.
2007-01-19 18:41:53 · answer #10 · answered by Anonymous · 0⤊ 0⤋