Quote:
Originally Posted by Haggar
We just opened up a Best Buy credit card that was issuing a 15% reward. On an $800 TV certainly better than the cash back. Kohl's sometime had 10% back (Sometimes). Target is a 5% discount on every purchase.
Bottom line sometimes it's better to use store cards.
|
Store cards are rarely a good deal. That 15% reward is not the same as cash back, its a hook to get you back into the store to buy something you probably don't need at a higher price that could be found elsewhere. It would have been a nice deal if it was 15% off the price, but now you are taking your $12 reward back to BB to buy something that costs more than $12....leaving you with no savings off your TV, a new product you probably don't need, and a store credit card that you'll probably buy more products from instead of comparison shopping.
Same philosophy with Kohl's cash...here is "free" money on your next purchase. Come back by this day or you lose "free cash"!