If you’ve been thinking about getting a department store card, be careful. Although there are advantages to having them, there are disadvantages as well. In part one, we covered the high interest rates and limited use of store cards. Now, we’re going to cover a couple of more disadvantages that you should be aware of.

Buyer’s Impulse: Many card holders tend to buy more impulsively when they have a card. Stores want you to spend more and with a card in hand, you may be more likely to do so.

Better Deals Some Place Else: This isn’t really a con, but more so a word of advice. Don’t get a card just because they’re offering you 10% or 20% off a purchase for a day. There are some stores offering much better incentives. You just have to keep looking around.

Now that you know the cons to having a department store card, you can make a much more informed decision before signing your name on the dotted line.

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