Merchandise Catalog Cards
Merchandise catalog cards are a type of credit card with
restrictions. They can only be used in certain online stores
for specific merchandise from those stores. Generally it is
easier to get a catalog card as they are less strict than
major credit cards. They report to the credit bureaus so you
can use them to repair bad credit or to build up your credit
Catalog Cards are credit cards that can only be used to
charge merchandise from an online merchandise catalog. They
work like the retail charge card that can only be used forthe
products in their store.
The requirements for catalog cards are often much less stringent
than for major credit cards. Whether you have bad credit or
no credit, catalog credit cards are approved for virtually
They can be good for young people who haven't established
much of a credit record and for consumers with blemished credit
records. Catalog credit cards can be a good way to establish
credit. You'll be able to apply for a major credit card after
one year of good payment history.
Benefits of catalog credit cards
- These cards are easier to get, even with poor or no credit
- You can get unsecured lines of credit. You use their
money not your own.
- They help you to fix or build your credit since they
report your payment history to the credit bureaus.
Disadvantage of catalog cards
- They can have large processing and membership fees that
are not refundable.
- Their use is restricted to specific stores.