Today at went to the mall as I decided to buy a new Sonicare toothbrush since the one I had was currently one of older original models that seemed to be showing its age. Before taxes it was about $150 and of course I used my credit card for the purchase. While proceeding to pay for the item, the cashier asked if I wanted to save an additional 10% off my purchase. At first I thought there was something special about the product as the person in-front of me purchased a ton of stuff and wasn’t asked the same thing.
She then explained how all I would have to do is sign up for the store’s credit card and that she could process it right away. I politely declined though as for one thing I can see having a bunch of credit cards as a being a bit redundant. Another reason why I don’t sign up for store credit cards is because, from what I was told and read, opening too many credit card accounts like that can also hurt your credit score, so I figure that I may as well not get into the habit of it at all in the first place.
I know from a business point of view it’s a great thing as the company can save a lot of money from the card transaction fees by getting people to use its own store credit card. I only know about two people who sign up for virtually every store card as long as it gives them some kind of a discount. I even read how some people suggest that you should simply sign up for the card and then close it once you pay off the balance. Sounds like too much of a hassle to me and not having like say 10 different credit cards has personally been a great way to stay organized financially when it comes to using credit cards responsibly.
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