Store credit cards and "special financing"

Store cards offer instant discounts and "no interest if paid in full" deals. They can cost a lot if you don't follow the terms exactly.

Watch for

• High interest rates, often higher than general cards
• Deferred interest: if the full balance isn't paid by the end of the promotion, all the interest from the purchase date can be charged
• Each application can be a hard credit inquiry

If you use one

• Divide the balance by the months in the promotion and pay that much
• Set autopay
• Note the promotion end date in your calendar

General educational information. Terms change often; check with the provider. Nickel Perks isn't paid by any card company, retailer or program.