Don't be tempted by department store credit cards! Even with the fancy discounts, the interest rate is typically 25%! No savings there. Also the new trend is two accounts on one card. A client was recently shocked when her perfect credit was damaged when she made her payment to the account number actually on her department store card. We did some research together, because outside of this entry on her report, she had perfect credit. The popular retailer initially claimed she never made a payment, they did a little research and said she paid it on the wrong account and advised her the account number showing on her credit card was an American Express account and not her retailer's account! Until that moment she had no idea she had two accounts attached to one card. There are similar stories with many major retailers, and they can damage credit for years if not caught early. Best advice--stay within your means--enjoy your family and and friends with your presence--not your presents--unless you can truly afford them without resorting to credit. If you have already made charges to a store card--check for an American Express logo, if you have one, make a call and be sure your payments are set up for the correct account--this client was using bill pay and not paying via a paper statement, so she set it up with the card account number--the actual retailer's account number wasn't even on the card! I'd also suggest a paper statement, if you do have a dual card, to be sure the payment is sent on the correct account.
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