Have you ever wondered about store credit cards, the type that can only be used at the specific store in question? If you're wondering whether or not such a card is a good deal, the first thing you have to consider is how much time you spend shopping at that particular store. If you do a lot of shopping there, it could end up being fairly beneficial to have a card like this. One such card that is pretty good for individuals who may not be used to these types of card is the AEO credit card, sometimes called the American Eagle Outfitters card. You can read about 10 benefits of having this card below.
1. There is no annual fee
First and foremost, you won't get stuck paying an annual fee. If you've ever been in that situation, you know how frustrating it can be. It's like you're being punished for choosing to do business with a particular company because you're essentially incurring a financial penalty each and every year for having an account with them. You won't have any such thing to worry about here, so that's definitely a plus.
2. You don't get charged a foreign transaction fee, either
If you don't typically make any type of foreign transactions, this might not be important to you but some people do this on a regular basis. Even if you're paying a fairly low fee of three percent, that can really add up over time. With this particular card, you don't have a fee at all for foreign transactions so you don't have to worry about it.
3. For every $25 you spend, you get a reward
The rewarding question is one point, which is basically equal to one dollar. Whenever you've accumulated 10 points, you're automatically given $10 off of the balance on your account or you can choose to make a purchase and receive a discount for the same amount. Either way, it's a good method to spend less money even when you're not really shopping less.
4. You get 15 percent off your first purchase when you pay with your card
This might be the biggest benefit as far as most people are concerned. Getting 15 percent off that first purchase is usually enough to convince people that they should sign up for the card. This discount applies whether you're shopping in the store or making your purchase online.
5. There are even more rewards for shopping at American Eagle Outfitters
Obviously, you get extra rewards anytime there's a special sale or promotion involving the credit card. The best way to make sure you are aware of this is to sign up for email alerts and then check that email account on a routine basis.
6. The policies for the card are fairly straightforward
Sometimes, the fine print involving credit cards can be really confusing. Depending on the card in question, you might be left with your head spinning by the time you get done reading through all of it. Fortunately, the AEO credit card is a little different. It helps you have more confidence because you don't necessarily feel like you're being duped into something without knowing what's about to hit you.
7. You can pay your bill online
There's nothing more frustrating than having a credit card that requires you to write a check and send it through the mail. These days, every account should be online so if that's the way you choose to do business, you have access to it whenever you need it. AEO recognizes this and posts your bill online so you can have access to it anytime you want.
8. Look up your account anytime
It's not just paying your bill online, but the ability to look up your account whenever you want to, that makes managing this card easier. Anytime you have a question about your balance or any recent purchases, all you have to do is use your electronic device to look up the information.
9. You can even track your rewards online
You can even look to see how many rewards you've earned online. It really doesn't get any easier than that. Thanks to online access, you don't have to keep every receipt from the store, nor do you have to keep track of a bunch of paper bills and worry about things getting lost in the mail.
10. It doesn't take long to get a credit line increase
If you handle the card responsibly, it doesn't take very long to be offered a credit line increase. If you do most of your shopping at the store, it's going to be a real benefit for you, especially if you need to buy extra items for something special.
Written by Garrett Parker
Read more posts by Garrett Parker