关于奖励和存储信用卡的真相

从表面上看,奖励卡是赚取额外收入或赚取一些飞行里程的好方法,而不会增加您的支出或债务。如果您在特定的商店花很多钱,商店卡似乎是同样有利的前景。但是这些卡的存在是有原因的-它们在那里是为了为提供商和零售商而不是您赚更多的钱。

从今天开始降低您的信用卡债务。

致电800-422-6035。

Sure, reward/store cards have other benefits if you use them properly, but there are a host of disadvantages and hidden terms that you need to be aware of before signing on the dotted line. 

什么是储值卡?

商店卡与特定商店绑定,并由零售商链提供。这些卡的工作方式与传统卡一样,并且经常通过Visa和MasterCard等网络进行烙印。不同之处在于它们只能在发行商店中使用,而其奖励则与这些商店挂钩。

从本质上讲,它们是附有信用留置权的商店会员卡。 

什么是奖励卡?

奖励卡也绑定到 信用卡网络, including American Express and Discover, as well as Visa and MasterCard. They award points every time they’re used for qualifying purchases and these points can then be swapped for air travel and other benefits. 

一些奖励计划会返还一定数量的现金,通常固定为购买特定物品(例如食品杂货或水电费)的1%或2%。

提供者如何提供这些奖励?

If a provider offers you cash back every time you spend money on your credit card, someone has to foot the bill. Many consumers assume that the credit card network covers the cost, and to an extent, they do. But it’s not quite as simple as that.

Every time you use your credit card to make a purchase, the retailer is charged a fee, often between 1% and 3% of the purchase. This is the network’s charge. With reward cards, this fee increases, and the extra money is used to fund the rewards program.

结果,零售商对这些计划并不完全满意,因为它们提高了成本并降低了利润。解决此问题的唯一方法是增加产品成本,或者更有可能奖励使用现金/借记卡付款的客户。不允许零售商为使用信用卡加收附加费,但没有任何办法阻止零售商选择使用和不接受的卡。

你当地的妈妈&拒绝拒绝信用卡,不会使流行企业过时和过时。他们只是无法负担费用。 5%听起来不算什么大问题,但是对于购买力最小,经营实体店的间接费用巨大的零售商而言,5%可能会破坏交易。

Smaller retailers are fighting back against reward cards while bigger ones are embracing them by adopting their own store cards. With a store card, they have more say, more control, and they know that those small losses will be offset by the increased purchases.

商店信用卡问题

Store cards carry a big risk and have far few benefits than reward cards. The advantages of these cards are obvious: If you shop a lot in a particular place, you can save money via the cash back schemes. 

They can also help with emergency purchases, providing you clear the balance in full. But, while the benefits are obvious, the same can’t be said about the disadvantages.

骗局1:他们的利率很高

The average credit card interest rate in the United States is around 16%. The average rate for store cards is over 20%. That 4% may not seem like much, but if you don’t repay your balance every month that interest will compound, grow, and cost you a small fortune. 

如果利率为16%,余额为10,000美元,还款期限为60个月,则您每月需支付243美元,利息总额超过4,000美元。

Increase that rate to 20% and your monthly payment grows by $20 while your total interest increases by nearly $1,500. The longer you leave it and the smaller your monthly payments are, the greater that difference will be.

例如,如果您每月只偿还$ 200的余额,则16%和20%之间的差额是额外的26个月,接近$ 5,000。当然,存储卡很少会提供这么高的限制,但这仅是示例,向您展示即使最小的百分比增长也会造成多少差异。

It’s worth keeping this in mind if you ever apply for a traditional rewards card. Getting rewards in return for a higher APR is great if you repay your balance in full every month and terrible if you don’t.

骗局2:他们的罚款率很高

If you miss a payment on your store credit card you could be hit with a penalty APR as high as 29.99%, as well as a late payment fee of $39. The rates are high to begin with, but these penalty rates are astronomical and will make a bad situation worse.

That’s not all, as some providers are known to be very unforgiven when it comes to missed and late payments. In some cases, your account will default even if you underpay just once and just by a few dollars. 

骗局3:他们的信用额度很低

零售商不是贷方。他们没有时间,资金或耐心去追债和处理 收集机构。因此,它们的信用额度不高,通常您获得的信用只是无抵押信用卡的一小部分。

This might not seem like much of an issue. After all, a smaller credit limit means you’re less likely to accumulate large amounts of debts. However, this has a massively negative impact on your credit score that few borrowers consider.

您的信用分数的30%是基于所谓的信用利用率。这将查看可用信贷总额,并将其与您累积的债务进行比较。如果您有几张卡的总信用额度为10,000美元,余额为5,000美元,则您的比率为50%,这被认为是很高的。

如果商店卡是您唯一的帐户,并且您在$ 500的限额上花费$ 450,那么您的信用利用率为90%,这会降低您的得分。信用卡已用完也会对您的信用报告产生负面影响,当您的信用额度较低时,这一壮举更容易实现。

骗局4:有更好的选择

It’s better to have one good reward card than multiple store cards. The former will provide you with far better interest rates and terms, while the latter will hit your credit report with several hard inquiries and new accounts. 

在这些商店购物时,奖励卡仍然可以使您受益,并且还可以为您提供许多其他好处。

骗局5:您可能会花更多钱

Store cards are not designed to make your life easier and give you a few freebies. Regardless of what the store tells you, they’re not made to reward loyalty, they’re made to encourage spending. 

This doesn’t always work, and research suggests that many individuals use reward cards just like they would normal cards. But for a small minority, the idea of acquiring points is enough to convince them to spend more than they usually would.

Some good can be good debt, such as when it’s used to acquire an asset or something that won’t depreciate. But very rarely do we use credit cards for this purpose and generally, if you’re spending more on a store card it means you’re wasting more money on things you don’t need.

缺点6:您无法在其他任何地方使用它们

商店卡只能在该特定商店中使用。这样一来,它就可以当作应急卡使用,也很多余,也意味着我们建议您在那个地方购物。您没有机会四处逛逛,找到最便宜的价格;您可能会花更多的钱来使用您的卡并获得收益,而这些收益很少能覆盖您所花费的额外金钱。

奖励卡呢?

Some reward cards have very high rates as these rates are used to offset the rewards program. However, this isn’t always the case, because, as discussed above, networks often charge retailers more to offset these purchases and therefore don’t always need to cover the costs themselves.

某些信用卡(例如Discover It)提供了可靠的奖励计划,并且也将包含在最佳非奖励信用卡的任何列表中。这是一个全面的综合能力,而且并不孤单。但是,许多奖励卡会收取高额的年费和罚款率,就像您在商店卡中会发现的那样。

研究小字体并确保卡片可行是很重要的。如果您打算每月清算余额,则略高的利率不会有什么坏处,尤其是在它提供一些丰厚奖励的情况下。但是,如果您有任何疑问,甚至是一丁点的机会都无法清除余额,最好总是首先关注低利率。

即使是最慷慨的5%现金返还奖励卡也无法通过支付更多的利息来抵消所发生的损失。

奖励/存储卡会影响我的信用评分吗?

Credit cards trigger hard inquiries, which can reduce your credit score by up to 5 points. This is true for every credit card that you apply for. Rate shopping can combine multiple inquiries into one if they are for the same type of credit, but this doesn’t apply to credit cards.

新帐户也会影响您的分数。这种影响通常很小,如果您跟上还款的步伐,它就会及时消失。但是,如果您错过付款,使卡用尽或增加信用使用分数,则可能对分数和财务产生不利影响。

尽量减少商店卡,只有在您100%确信自己能获得一笔对短期和长期都有利的交易时,才进行注册。