Jc. Penney credit card?
Answer:
I have the card and like the discounts. I don't keep a running balance because of the APR. If you are trying to build credit or rebuild credit, it's always helpful to have a charge card. Just don't let the balance go for too long.
Its a good card, but personally stay away from department store cards b/c their interest rate is ridiculus
NO. Especially if you plan on keeping a running balance. They charge RIDICULOUS annual charges on your balance.somewhere between 20 and 30 percent. Also, you must keep the card for no less than a year to prevent it from hurting your credit. And it's also better to use it and pay off the balance each month that to have it and not use it at all. So, by getting this credit card, you are committing to use it, not carry a balance, and hold it for no less than one year (if you're trying to maintain good credit). Sounds like a lot for some clothes.
No, because it has a high interest rate. But if you use the card and pay it full, then it's ok. Becuz u get a lot of coupons if u have the card.
I had a penny's credit card and if I was you I would not get one the payment was very high and the interest was worst on this card.
I think you need to stay away from dept cards.
What to Look out for When Obtaining a Credit Card
By: Stewart Smith
Do you like shopping at JC Penney?
I have a Penneys card, had it for three years. I have never paid an annual fee and my interest charges have never been over $6 a month. I started with a $300 limit and now have a $500 limit. Never went over and never paid late. This card has helped my credit record.
Department stores credit cards normally carry high interest rate, but if you pay your bill within the allowed time frame you do not have to worry about your interest rate. If you are going to get one of these, just REMEMBER to pay your bill on time.
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