Rip off Britain

renegade

Just been watching this show, it's very informative.
Talking about people getting store cards then getting into debt just to get a % off the first purchase.
I do this, I accept the card application and get the discount.
I then pay off the balance in full, cut the card up.
I do this a lot and so far it does not appear to have affected my credit rating as I never get refused, so I save quite a bit of money this way especially during sale times.
I was appalled at the way some people get trapped into accepting store cards when they have no intention of paying them off in full, I can't feel any sympathy for them as they have the option to say No thanks.
My tip would be, don't accept store cards just to get a discount unless you intend to pay the bill in full each month.

Dave101t

if they have no intention of paying it off, then they are hardly trapped, bit thick would be more accurate and they deserve it.
I dont even accept store cards for the 1st order because i have enough credit cards, and thats what they are, in all-but-name.

BenL

Martin has done an article on store cards and the best way to use them

http://www.moneysavingexpert.com/cards/store-card-discounts

There was a poster on here the other week who got a discount of £1 or something when they took out a store card. Hardly worth it and should have waited for the grouping together or a big purchase.