[to11mtm]

> They have obscenely low limits which adversely affects your credit score as relatively small purchases can end up using a substantial portion of the available credit. Balance vs total credit (available credit) is a very important factor in calculating scores and credit worthiness.

I mean yes but if you have other credit cards that aren't maxed out, it should not make a huge overall difference compared to if you put that same amount on another card; while one card having a high balance load has an impact, the overall load on your credit is the bigger store factor.

> The interest rates are extremely high even when compared to most other major CCs from the usual suspects. All of these merchants don't push these things because they're doing you a favor - they likely have agreements in place with the issuing bank to get kickbacks on interest.

They get kickbacks, and the high interest rates help cover some of the cost of store CC customers that use promotional financing but consistently pay the item off before interest gets added.