Monday, January 28, 2019

Nearly 30% of shoppers applied for a store credit card over the holidays

Retail Dive
Nearly three in ten Americans applied for a store credit card during the 2018 holiday season, according to a CompareCards.com report.

Thirty-two percent of people who applied were not approved. Of those who were approved, nearly half said they would pay off their card in one month or less.

Younger millennials (ages 22 to 29) were the largest demographic to apply for store cards, but they were also more likely to be rejected, according to the report. . . . more