Managing Rising Retail Store Card Interest Rates as Some ‘Bordering on Predatory’: Bankrate Industry
Retail card interest rates are through the roof and, in some cases, are higher than normal bank credit cards—leading consumers to rack up massive amounts of debt.
NTD spoke to Ted Rossman, a senior industry analyst at Bankrate, to find out more. He says that if you pay off the balance in time, retail cards are not all bad, as they can give you some benefits while shopping. He goes into some of the do’s and don’ts when it comes to retail store credit cards.
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