Low Credit Score Credit Cards – Best Buy, Sears and Target Retail Credit Card Offers for Borrowers in May 2010
Posted on | May 24, 2010 | Comments Off
Low credit score credit cards have gained in popularity as many Americans have seen their credit score struggle over the last several months and years. Many of these borrowers are looking to Best Buy, Sears, Target and other retailers for a credit card in late may 2010.
Before deciding that a retail credit card is right for you it is very important to understand that many of these retailers assign high interest rates to credit cards. Before going through any application process it would be a very smart decision to research the interest rate you will receive on that particular credit card.
Some retailers assign interest rates as high as 30% on a credit card. If you have struggled making credit card payments in the past and you hold a balance on these credit cards then it would not be wise to take out a credit card with an interest rate as high as 30%.
There are many interest rate calculators available online that can help depict just how much money you will lose by keeping a credit card with an interest rate this high. Unless you pay off the balance each and every month it might be a wise decision to consider other options when it comes to borrowing money.
Author: Mike Garner
Tags: Bad Credit Credit Cards > best buy credit card > low credit score credit cards > low interest rate credit cards > retail credit cards > sears credit card > target credit card