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Yes, retail store cards are easier to get

By Marcie Geffner - Credit Karma

It’s generally believed that retail credit cards (sometimes called “store” credit cards) come with better approval odds. But they may also come with some big negatives, such as relatively high annual percentage rates (APRs) and steep penalty fees.

And then there’s the matter of actually using them. As personal finance expert Alex Gerard notes in our article on easier approval credit cards, “[Retail] cards are easier on approval but have limited use – mostly you can use them only at that particular store chain.”

Given the pros and cons, are retail cards worth the potential disadvantages for consumers looking to improve their credit?

The answer is more complicated than yes or no.

Read on:

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