DO YOU REALLY WANT TO SAVE 10% TODAY?

One of the fastest ways to tank a credit score is to sign up for a department store charge card and use the card to take advantage of an instant discount.

This single, well-intentioned act can do a "quadruple whammy" to the score because such charge cards usually start with very low credit limits, so any purchases likely will result in a high ratio of balance to credit limit.

Next, the score drops because you have opened up a new line of credit and then again because of the department store's inquiry.

And to top it all off, the credit scoring system looks less favorably upon store charge cards, which give limited buying potential, than it does on major credit cards.

Instant savings is great but the long term cost can be downright painful!