Do You Have Store-Specific Credit Cards?

Macy'sAll my life, I have only used one credit card.

I've always had the idea that women with lots of different cards for lots of different stores have "a problem" -- although I don't know where that idea came from.

Anyway, I've spent years calmly saying, "No" to salespeople's spies about special discounts if I sign up.

But that all changed last week.


"Do you want to sign up for a LOFT card?" the saleslady asked me as I was preparing to buy a black blazer. "You get 20% off your purchase and points every time you buy something with your card."

"No," I said. "That's okay."

"Are you sure?" she asked. "You can pay it off right here, as soon as you use it."

I paused.

"I can pay off the card?" I repeated. "With my debit card?"

"Yep, and you'll still get your 20% off and your points," she said.

"I'll do it," I said quickly. The blazer, after all, was expensive, and if I paid it off then and there, I would never have to use the card again if I didn't want to -- or I could just use it at the store to get points, and then pay it off seconds later.

The whole experience has me rethinking my ideas about store credit cards. I've been considering getting a Victoria's Secret card for a while, since the store continually offers all kinds of discounts to cardholders only. And if other stores, like Macy's, offer incentives for using their card and also would let me pay it off at the cash register, I'd probably get cards for my favorite department stores here in town, too.

But I wonder if there are drawbacks I'm not considering ... and with that said, I put the question to you. Do you have store-specific credit cards? If so, how many? And what makes them worth having?


Image via Steven Depolo/Flickr

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