Does anyone have a Macy's credit card? What are the pro & cons?

Question

I am proud to say , i've never had any sort of credit card before, but i'm thinking about it , hoping it can make my credit look good =)

Answer 1

Ur right.

Having a credit card does improve ur credirt rating. Just be very careful and do not over spend and pay off the balance as quickly as possible.

Answer 2

I have one, but it's not my first card.

Macy's charges a high interest rate after the intro is over. The best thing to do is to shop around for the lowest regular interest rate (not just the introductory rate). That's just in case you wind up racking up a balance on it, which is not recommended.

I keep that particular card locked up in a safe. I use other cards since I no longer live near a Macy's, so I just keep it around because closing cards doesn't look good on a credit report.

One thing - PAY IT OFF EVERY MONTH IF YOU USE IT!

That goes for every card you ever get. Interest rates can be ridiculous, and charging more than one can afford is a major cause of massive debt problems.

But it's not all negative. By maintaining a line of credit (i.e. credit card), you can prove to the credit services that you can pay your debts back (on time!!!) and the longer you have that available credit, it looks better on your credit report - and check the credit report every year (you can do it for free).

Answer 3

i would say no different than any other, the real difference is the person with the card. use your card wisly

Answer 4

No con...........as long as you pay it off every billing period................