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CREDIT & STORE CARDS

Store Card.

A Store Card is a type of credit card that can only be used to make purchases in a particular store, or selection of stores.

Credit Card.

A Credit Card is type of card that allows you to spend money on credit, it is similar to a loan howvever there will be a monthly cap at which the card holder will need to adhear by.

Charges & Fees.

Both Store and Credit Cards will include charges and fees. These fees are usually implemented if you fail to pay of the credit balance at the end of the month.

Late Payments.

Late Payments on both Store and Credit Cards will typically result in extra charges on top of the money you already owe, continuous late payments will also negatively affect your credit store making it harder to get loans and such in the future.