Especially during the holiday spending season, it can be very tempting to accept the instant discounts major retailers offer you at the register for applying for the store's credit card. But Beverly Harzog of credit.com advises, "Always say no… It's just never, ever a good idea to try to get approved on the spot when
Especially during the holiday spending season, it can be very tempting to accept the instant discounts major retailers offer you at the register for applying for the store's credit card. But Beverly Harzog of credit.com advises, "Always say no… It's just never, ever a good idea to try to get approved on the spot when you haven't even read the fine print.” The terms of these cards, including the interest rates and credit limits, are usually very poor, and your credit score lowers a little every time you apply for credit.
Life Inc. blog at TODAY.com, 12/6/2011
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