bank rates

Store Cards Just Keep Getting Worse

We certainly know that store credit cards charge higher interest rates and more costly fees than other credit cards.

Cardholders at many stores are facing everything from a new fee for getting a monthly statement through the mail to outrageous interest rates of 24.99%.But we were still surprised by a “change in terms” letter from the bank that provides cards for many stores, including Victoria’s Secret, Avenue, Limited, New York & Co., Abercrombie & Fitch, JCrew, Express, Pottery Barn and Restoration Hardware.

Those customers are facing everything from a new fee for getting a monthly statement through the mail to outrageous interest rates of 24.99%.

Why would you keep these awful cards in your wallet?

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