Jan 11, 2011
FERRET FIVE: Store Credit Cards
Here's my first list - the worst store credit cards to have. I'm not talking about the danger of having credit cards in general. This is a question of what store card would be the most dangerous for you to have? I remember back when I was in high school and was looking for a job. There was a Warner Brothers store in the Palm Beach Gardens mall. I loved the store and they were hiring. But my mom wouldn't let me work there. She told me that she was afraid that I would spend too much of my income there on Batman paraphernalia. She was probably right. That is the kind of thing I'm talking about. If you had a card for a store, what would be the most dangerous? I did not count stores that have Visa or MasterCard partnerships - like the Amazon Visa or Borders Visa. You can use those at other stores. I'm looking at ones that can only be used in one store. [Side Note: I don't have any of these cards. I have had some cards in the past. Now, I have none. And I plan to keep it that way. I'm not a Dave Ramsey acolyte or anything. I'm an idiot. And you wouldn't give an idiot a loaded weapon, would you?]
Kohls - The trickiest store out there. Jack up your prices so you can always run sales. But, man, can they be tantalizing.
Kay Jewelers - You'll always have a way to buy a present for your wife. And then you'll pay on it until the next time you need a present for your wife.
Disney Store - I could probably avoid using this for a long time. But that one time you wander in there with your guard down...
Any Gas Card - Between the fact each fill up is at least $50 and the fact that you can almost do your grocery shopping at most gas stations now, these suckers are just an invitation for disaster.