Store Credit Cards: Do The Incentives Pay Off?

Photo: JacobEnos

Have you ever wondered whether you should have said "yes" when the cashier asked you if you wanted to open a store credit card account and save 10% off your purchase?

While store credit cards fundamentally work just like regular credit cards, they have unique advantages and disadvantages.

In my Financial Edge article for Investopedia, Store Credit Cards: Do The Incentives Pay Off?, I examine the incentives stores offer with their credit cards, what pitfalls you might encounter if you sign up and whether the payoff could be worth opening an account.