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A revolving department store credit card means that the interest accumulates monthly and the balance carries over. Most credit cards that are issued by a department store have this type of account.
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Nick has a revolving department store credit card account with an annual percentage rate of 15 percent Last months balance on the account was 423.78 During the current month he made purchases 123.42?
$6.36
What steps can you take to build a sound credit rating?
Start with a job, Open a savings account and save regularly, Open a checking account and manage it carefully, and Apply to a local department store or a gasoline company for a credit card.
Can you get a credit card with no job and no checking or savings account and if so where do you look?
Start with a department store card. If you can't get that start with a "secured" credit card. It will build credit and allow you to apply for a regular credit card down the road.
Does it help your credit to have credit cards from department stores?
One of the factors that makes up your credit score is credit diversification. This means having a variety of different types of credit. Four different types you can have is mortgage loans, car loans, credit cards, and department store cards. So having a department store card that reports to the credit bureaus will help your credit.
What is an in store charge account?
An in-store charge account is like a credit card account. If you qualify, the store will allow you to purchase items on credit. You are then required to make monthly payments to pay off the merchandise you buy. The store makes money by charging interest on the balance owed.
Nick has a revolving department store credit card account with an annual percentage rate of 15 percent Last months balance on the account was 423.78 During the current month he made purchases 123.42?
$6.36
What is the difference between an open-ended credit account and a revolving account?
Only two types of credit card accounts in consumer credit. This is when a store or company issues a card with credit line say $1000. 1st is revolving credit which is like MBNA, Capital One, MasterCard, Visa, Orchard Bank, etc. Anything can be purchased at any store. A charge account is like Macy's, Foleys, Wal-Mart, etc. only items at that specific store can be purchased. Good Luck.
What steps can you take to build a sound credit rating?
Start with a job, Open a savings account and save regularly, Open a checking account and manage it carefully, and Apply to a local department store or a gasoline company for a credit card.
Can you get a credit card with no job and no checking or savings account and if so where do you look?
Start with a department store card. If you can't get that start with a "secured" credit card. It will build credit and allow you to apply for a regular credit card down the road.
What interest do department store credit cards charge?
Department store credit card interest rates very from store to store. The rates could be as low as 10% and as high as 30% per year. Check with each individual store.
Does it help your credit to have credit cards from department stores?
One of the factors that makes up your credit score is credit diversification. This means having a variety of different types of credit. Four different types you can have is mortgage loans, car loans, credit cards, and department store cards. So having a department store card that reports to the credit bureaus will help your credit.
Where to pay goodys credit card online?
goodys credit card,is it a credit card are a line of credit at there department store
What stores have department store credit cards with perks?
Some of the stores that currently offer department store credit cards are stores such as Kohls, Macy's, Dilliards, Menards, or basically any other store that has high volume.
What is an in store charge account?
An in-store charge account is like a credit card account. If you qualify, the store will allow you to purchase items on credit. You are then required to make monthly payments to pay off the merchandise you buy. The store makes money by charging interest on the balance owed.
What do stores do to your account besides issue a refund when you return an item?
=The store will credit your account.=
Is a Macy's or Target department store credit card easier to get?
macys
What is the difference between installment credit and revolving credit?
Revolving : Like at a gas station or a department store, this is a line of credit that allows an authorized amount to be charged in a month, or billing cycle. Minimum payments are expected each billing cycle and unpaid debt ac cures. There's a rate and fees that are charged depending on how much debt is ac cures.Installment : Like the home or car loan, this has rates & fees charged up front - its for a concrete amount to be paid back within a term, or length of time.
