Bad Credit Credit Cards – Get an Amazon Credit Card Before Christmas
Posted on | December 22, 2009 | No Comments
Using a bad credit credit card is something we are likely to see many American shoppers do this holiday season. One of the companies that will greatly benefit from online shopping is Amazon.com. At the present time you can get an Amazon.com credit card before Christmas and get some good deals and coupons. Please understand that just because you are getting coupons does not mean that getting an Amazon.com credit card is the right decision.
Many retailers offer credit cards that come with coupons and steep discounts. Just because you are getting a discount at this time of year does not mean that you are going to save money over the long run. These credit cards often come with a very high interest rate and if you carry any balance on these cards you are going to end up paying much more in interest over time.
If you are a very smart shopper and you only use these credit cards once before discarding of them just to get the deals then this is a good option for you. Unfortunately, most shoppers do not use this credit card only once. With Amazon.com being so popular and easily accessible most consumers keep this credit card and continue to use it throughout the year. If you are going to use this card several times you will want to make sure that you pay off the balance.
The interest rate on retail cards can be higher than 20% in many situations. We have actually heard of several retailers that assign an interest-rate above 30% for their particular credit cards. If you have an interest rate of 30% on a retail card that is used often you are going to end up paying several hundred dollars a year in interest if you do not pay this balance off.
The best situation to get Amazon.com credit card is if you know you’ll use it for just the discounts this holiday season. Once you use a poor credit credit card it is a good idea to cut it up and discard it so you know that you will never use it again. If you do not cut it up and you leave it sitting on your desk then there is a good chance that you will use it for future purchases which will come with a much higher interest rate than desirable.
Author: Mike Garner
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