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Are store credit cards the worst thing since un-sliced bread? You probably assume they are, while, at the same time, being mildly attracted to the "10% off now!!!" offers they dangle in front of you. A new report from CreditCards.com reveals how truly terrible they are. On average, store-based credit cards hold a 23.23% APR. That means you'll get hit with a $23 interest fee for every $100 you put on the card!
In this brief — yet lively — video, our experts discuss if there are any benefits to signing up for a store credit card.
What about you, readers? Tell us what you think about retail store credit cards, in the comments below.