In order to increase loyalty, many retailers will offer a store credit card,

Why Most Retail Store Credit Cards Suck

Why Most Retail Store Credit Cards Suck in my opinion. Let’s get on to Why Most Retail Store Credit Cards Suck so if you go to the mall and let’s say you go to Gap and you’re shopping you’re looking around everywhere and you’re like oh I just want to buy everything in the store well you can because they offer a store credit card and to make it even easier to spend money on the store credit card. They’ll usually give you incentives to buy things with the card for instance you’ll get 10% off your purchase just for signing up.

Why Most Retail Store Credit Cards Suck

You’ll get 15% off your entire purchase every single time you go shopping it sounds amazing and it seems like it would make sense but it doesn’t do you have any idea how much the interest rate is on store cards in particular typically they range from about 25 to 30 percent and keep in mind that the typical interest rate on a normal credit card is about 12 to 18 percent. So when you’re looking at 25 to 30 percent that’s obviously a lot worse than an already really bad rate I was looking at the gap cards and it looked like about 25 percent was the normal APR for their credit card.

So if you save 10% on your purchase but your APR is 25% then that means you’re still paying 15% over what you should be on those purchases. Please don’t be incentivized to get a store card to buy things that you already can’t afford if you can’t afford things at the store but you still want a good deal then at least wait for a sale or check out an app like RetailMeNot this app is perfect because whenever you’re looking for a coupon all you do is search the company name see if there’s any coupons and then use them.

It’s also great for outlet malls because you can specifically look up a certain Outlet Store. You can find coupons that go on top of the deals that they’re already offering and one other thing that totally sucks about store credit cards is the fact that most of them use a third party website to pay your bill online that might not really seem like a big deal.

About Gap

I wanted to kind of explain a little bit about Gap ups and got them so actually Trader pawn shops as a strategy but a lot of times it’s sometimes it doesn’t happen don’t get me wrong but when something pops up a lot of times. It’s a good sign there’s something behind it. Now we’re looking out for is for this to know come down for the area are doing whenever it right size is there wanting to add you know when a high or low a good deal area now you ask yourself for the good deal area would be and that would typically be around this area just because there is a past resistance and you know now support in that area right it came up and then broke above it to make him up and resisted off of it so it is a support.

So that would be a good area for the people that you can also get a good determination of where you would want to buy same for the RSI and when you have a gas down that’s going downwards a lot of times it does like the fill itself it likes to come down here where it started falling. I just due to the fact that there’s something probably bad behind the scenario but I hope that explained a little bit about the Gap ups and downs. What is going on guys it’s Austin with moon trades here and in just about two minutes I wanted to kind of explain a little bit about gap ups and gap downs. so a gap up, you know typically gaps fill themselves right so some people can actually trade upon gaps as a you know technique or a strategy but when you get a gap up typically it refills itself. When it doesn’t you typically want to look forward to it wanting to fill itself now a lot of times is sometimes it doesn’t happen don’t get me wrong but when something gaps up a lot of times it’s a good sign. There’s something behind it causing it to gap up. Now what we’re looking out for is for this to you know come down for a good deal area now since it broke highs. I wouldn’t expect it to fill its gap just because it’s growing at a tremendous rate. So now what people are doing whenever it breaks highs is they’re wanting to add you know in a higher low a good dill area. now you ask yourself where the good dill area would be and that would typically be around this area just because there is a you know past resistance and uh you know now support in that area right it came up resisted pullback and then broke above it and then it started bouncing along that support and then came up and resisted off of it. So it is a you can also see right here it is a past support and resistance so that would be the typical good dill area um for the people that don’t misuse Mac DS and you can also get a good determination on where you’d want to buy same for the RSI but just price action itself tell yourself.

It’s not a good deal I want to wait for a pullback and then enter on a good deal and when you have a gap down that’s going downwards a lot of times it does like to fill itself. It likes to come like if this were to get down it likes to come back up near, where it started falling and then reject and start making lower lows just due to the fact that there’s something probably bad behind the scenario but I hope that explained a little bit about Gap ups and got balanced and I hope you guys have a blessed

Why Most Retail Store Credit Cards Suck?