Can I use any credit card while shopping on Boscov's online website? The interest rate seems very high.

Answered on April 29, 2017
Updated on April 29, 2017
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
Everyone loves to shop online these days because it makes things so easy. You can usually find all of the same selections that you would find in-store and even purchase sale items when shopping on a store's website. You have the option of using use a Boscov's branded store card for these purchases, but you will find that like most store cards, they carry a higher interest rate than the major bank credit cards. Like most stores, they accept all of the major credit cards as well, so you don't need to have their store card in order to shop there. You probably shop at other online stores so it might make sense to use one of those cards instead, which you can use in so many other places too. This could be a better option than using a card that is only for use at one specific store.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

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Make sure you do not carry too much balance. It is recommended to use only up to 30% of your available credit. If you can pay off the card balance in full each month, do it. The less you owe, the better. If you have other credit accounts, make sure they are in good standing as well and you pay them accordingly. Keeping only one credit account in good standing won’t help your credit score. Note that there are other things that may lower your credit score: newly opened or closed credit accounts, bankruptcy, charge offs, loan default, late and missed payments, maxed out accounts, unpaid...
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When you carry a balance on a credit card, your minimum monthly payment will depend on the amount you owe, interest rate and fees. As a rule, you have to pay 1%-2% of your card balance plus new interest and late payment fees (if applicable). If you have any past due amounts, they will be added to the minimum payment as well. So, the more you owe on your credit card, the higher your minimum payment will be. However, you can avoid interest if you pay off the card balance in full each month. Also, there are credit cards with 0% intro APRs that do not charge interest during introductory period.

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