The last decade has seen an increase in demand for shopping at brick-and-mortar stores of various brands. Due to the pandemic, there was an upsurge in the amount of online shopping as physical stores were not accessible. People who are fond of shopping and buying clothes that meet the latest fashion have been asked at some point to open a store credit card.

The salesmen usually provide some lofty assurances in order to lure customers to sign up for their store’s credit card. Normally, the promises include fixed discounts on the purchase that would lead to incredible savings at the end of the customers. But these salesmen leave out the part where these cards affect the credit of the customer.

Quite often, it is witnessed that store cards do not offer individuals the same thing that the salesmen promised. For them, it is a marketing strategy to sign up as many customers as possible by offering minimal rewards in terms of discounts. But for customers, it is no less than a trap and a financial burden on them acting as their liability.

Most people that sign up for such cards do not realize how this will adversely impact their credit scores. As a result of a shopping frenzy, they sign up for the card, and in return, they build up bad credit. People often get addicted to shopping and pay for everything through credit cards. This is carried out without thinking straight about how they will manage their bills and debt on time.

This article will take a look at what are store credit cards, the impact of these cards on credit, a report from people using a retail store credit card, etc. The article will further compare the difference between a store card and a credit card. Moreover, the article will highlight other options available instead of store cards.