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3.12500000010374E-06 0.000312499999999938 0.00437500000000002 0.00582499999999997 0.00218750000000001 0.00687499999999996 0 0.00281250000000011
Stock impact report

These credit cards can make it hard to get out of debt [CNBC]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: CNBC
Getty Images A man carrying a shopping bag walks past holiday decorations along Fifth Avenue in Midtown Manhattan. Stores offer big discounts on first purchases and months without interest on their credit cards. If you're not careful, however, you could find yourself with a heap of debt too. The average retail card has an interest rate of around 26 percent. Some stores — including Zales and Staples — will charge you nearly 30 percent in interest each year, according to CreditCards.com, which recently studied the terms and conditions on dozens of store cards. That's a lot higher than the typical credit card rate of around 20 percent. They're big money makers for the retailers, said Ted Rossman, an industry analyst at CreditCards.com. Indeed, Macy's branded credit card accounted for nearly 40 percent of the store's profit in 2016. Bruce McClary, vice president of communications at the National Foundation for Credit Counseling , Show less Read more
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