We bought a house and need a mower, wood splitter, etc… Is it smarter to get a Home Depot or Lowe's credit card, or one we can use anywhere? Thank you in advance for any advice :)
Get a regular one. I think if you get a store credit card it actually hurts your credit ?!?
I think a regular card would be more beneficial. If you needed to use it in a different location in the future you would have it.
Get one you can use anywhere, managing a bunch of store cards and making sure you pay them all off sounds stressful.
Thank you all!!
store cards dont hurt your score- they have boosted my score 100 points - just use 50 or less dollars with them and pay them back fast - I have heard horror stories of folks spending more then their store credit and got their credit dropped down or barred even when they paid on time—be careful with these
Mmh
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I have no credit history. I have no collections or accounts opened. How can I get a unsecured credit card?
Note: Hard pull still needed even if it's a store credit card.
I've never had a credit card and really dint want one.
Get one you can use anywhere, managing a bunch of store cards and making sure you pay them all off sounds stressful.
Very good point!
they are good if you have the discipline to always pay the balance every month - I get 2%-5% cash back from all purchases made on a credit card
