The Armani Exchange is a high-end clothing company that specializes in men’s wear. This clothing store does not actually offer a store credit card at this time. Even though the Armani Exchange does not offer their own credit card, many stores do.
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Even though there are many benefits to having a store credit card many of which can be learned about at http://www.smartmoney.com there are many negative aspects to having a store credit card as well. It is very important to take both the pros and cons into consideration before obtaining a new store credit card.
What to Look Out for With a Store Credit Card
The main thing to be concerned with when it comes to a store credit card is the high interest rates. When people are used to a more typical credit card with a lower interest rate it is easy to forget the high charges that will be caused by letting a balance roll over to the next month on a high interest credit card.
It is also easy for a person with a store credit card to shop at that store more than they intended to. Stores will often send coupons and cardholder only discounts to people with that store’s credit card as a way to get them to shop more. It can be very hard for some people to let these offers go unused so they end up spending more in the long run with the special discounts than they would have without them.
The Positives of a Store Credit Card
While occasional coupons and discounts may not be worth the possibility of overspending a store credit card that also acts as a rewards credit card can be great for saving money at a favorite store. A reward card is a credit card that offers rewards for money spent on the card. Once the cardholder earns a certain amount of reward points, they can cash them in for things like gift cards.
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