Are Store Credit Cards Dangerous? (7 Things to Know)

In this video we talk about the dangers of store credit cards and 7 things to know about them if you are wondering “are store credit cards worth it”. Many people look for the best store credit cards to have, but you need to decide if they make sense for you. Click "Show More" to see Ad Disclosure.

A store credit card can be a good thing for receiving a discount at places where you shop often, especially for necessities or items that have a utility. However, many store credit cards also inherently focus on shopping which can lead to overspending if you’re not careful. I think that above all else, if you pay off your credit card balance on time and in full, you budget in some way to avoid overspending, and you shop frequently at a store within a budget - then it can be worth it to get a certain store credit card.

I also think that it’s important to not open up store credit cards impulsively at the cash register when checking out. You should plan out what credit cards you want before applying. Then you can apply for a credit card when you want. Many times, it might be better to get a regular credit card instead of a store credit card because regular credit cards can offer better welcome bonuses and other benefits as well.
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CHECK OUT SOME OF MY OTHER VIDEOS:

When To Pay Your Credit Card Bill (Everything You NEED To Know): https://www.youtube.com/watch?v=hO_qRWro4KY&t=544s
How to Budget - The EASY Way (Best Method for Saving Money): https://www.youtube.com/watch?v=jR8NuNXV2Gg
Applying For A New Credit Card? (8 Things To Consider First): https://www.youtube.com/watch?v=X-rTkS0eEhw
How to Increase Your Credit Score (2 Biggest Factors): https://www.youtube.com/watch?v=u9OxKmYI6jY&t=4s
What’s In My Wallet? (Spring 2022 Update): https://youtu.be/Y3xa0XaSLsU
How Many Credit Cards Should I Have? (Explained): https://youtu.be/KgOjCr0y7qg

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DISCLAIMER: Some of the card links and other products that appear on this website are from companies which Daniel Braun will earn an affiliate commission or referral bonus. Daniel Braun is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.

The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Daniel Braun is not a financial advisor. This video is for entertainment and educational purposes only, it is not financial advice.

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Видео Are Store Credit Cards Dangerous? (7 Things to Know) канала Daniel Braun