Department store cards are a convenient line of credit that allows you to make regular purchases, and the occasional large purchase, through the use of a credit building department store card. These cards are a great way to take advantage of different offers, sales and discounts that are only available to cardholders. These are also a great way to build credit, or to make purchases that can easily be paid off, in full, before the end of the grace period.
Nordstrom is a popular department store that offers a traditional department store card. This card has special perks, as cardholders are privy to special discounts, deals and sales that non-cardholders do not qualify for. It also makes department store purchases convenient and easy to budget for.
Credit score requirements are not generally as stringent with department store credit cards, as they are with traditional credit cards. This means that younger people looking to build credit, or those looking to try to rebuild credit, often look towards these types of cards. If they are only used for small purchases that can easily be repaid, this is a great way to build or improve one’s credit score.
To qualify for a Nordstrom card, you need to have fair, good or excellent credit. While there is no minimum credit score required to apply for a Nordstrom department store card, it is generally recommended that your score be at least 684 or higher, and that there are no negative judgments or defaults on your recent credit history.
The credit line you are extended and the interest rate you receive will be dependent on both your credit score and credit history. The better your credit score, the higher your limit will be and the lower your interest rate will be. Interest rates for this card range between 10.99 to 20.99%, and this is a variable interest rate. Those with lower credit scores will receive a lower limit and be in the higher interest range bracket.
This is one of the better department store cards as the interest rates are far more favorable than many other department cards. Many have a flat interest rate that, no matter what your credit score, you will be charged. With a Nordstrom card, your interest rate is commiserate with your credit score. This makes it a more attractive option than many other department store cards, as the interest rates are fair, and you still get to take advantage of the cardholder perks.
[I]f you’re trying to build credit or repair bad credit, you’ve probably seen a lot of information about credit. Some of it can be overwhelming. You don’t know what is essential or what you should do first. Here are the three most important things to know about credit. 1. You Must Have Credit to Build […]
[I]f you like to travel, you may wonder if good credit is necessary to enjoy life on the road. While it’s not a requirement for vacationing or taking a road trip, it can make life easier. Here are a few instances of how good credit can make traveling easier. Credit Cards for Reservations You need […]
[A] prepaid card allows you to purchase items just like you would with a credit card. The only difference is you must have money on the card whereas a credit card allows you to pay for purchases on credit. You also have time to pay for the items over several months as long as you […]
[I]t’s easy to get into trouble with your cell phone bill and not be able to afford the payment. When this happens, your phone gets shut off and the account can go into collections which will show up on your credit report. Here are some ways to save money and prevent this progression. Choose Your […]
[I]f you grew up watching popular TV shows or reruns of old sitcoms, you may never have realized how much they impacted your life. Many of these shows and their characters help to form your opinions about life in general. Here is a look at what some of them taught you about money. Seinfeld – […]
[F]or fans of one of the most popular book and movie series of all time, they can follow The Boy Who Lived and apply his ideas about money to their own lives. While money wasn’t a major theme in the story, it did play a key role in Harry’s life and with his friends. Money […]
[I]f you just got your first credit card approval, you may be excited at what it can do for you. Whether you are working to build or rebuild your credit or just like having credit to make purchases, you need to know how to be responsible with your new credit. It’s much easier to protect […]