These store cards are only suggested for those with bad credit who'd like to start repairing their credit. These cards have high interest rates & should be used wisely to get small items at a time & for repairing. I am not an expert, but i would like to tell my experience with doing this.
What Is The Shopping Cart Trick?
The shopping cart trick is a feature that allows you to get pre-approved for specific store brand credit cards through Comenity Bank & they have over 30 million current customers.
These credit cards won't result in a hard pull on your credit report & they don't ask for your full SSN. They only ask for the last four digits.
These cards will report to the credit companies & will affect your credit once you start to use them. Rather it be a good or bad, the affect it has on your credit, is your responsibility.
Apply For No More Than 2 Cards
I don't suggest you do what I did & apply for all of these cards at once. I applied for all of these at once & received them, which triggered a fraud alert & in return I couldn't use my cards yet. I had to send in copies of my state ID, Social security card front & back for both, & a utility bill.
I was very skeptical & scared of doing that, so I called in &
asked questions & they reassured me that it is normal procedure. I also researched before I sent
it. They only gave me 3 weeks to do it or my credit accounts would be
canceled, so I did. 2 weeks later I received a bunch of letters & my
cards are now all active. These cards, if taken care of properly will lead to you getting a higher credit score & approved for better quality cards with better interest rates if you want, which at that point you can cancel some or all of the store credit cards if you'd like.
How To Use The Shopping Cart Trick?
This shopping cart trick only works with cards from Comenity Bank. There are a few rules you should stick to when trying to do this trick.
List Of Comenity Shopping Cart Trick Credit Cards
The most easiest cards that people say you can get the trick to work with is Victoria's Secret & Overstock. Visit the websites of the stores below & try the trick (sorry no store links added)
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How To Cancel These Store Cards Properly
Cancel these cards properly once you've decided that you're done with them.
What You’ll Need:
The personal information that you need is:
Steps to Cancel:
Pay off any remaining usage of your card balances online. You will need to have a $0 balance before you cancel your card.
Call the customer care team for the card you'd like to cancel.
Once you are connected with a Care team representative, tell them that you'd like to cancel your store credit card. The Care team representative may ask you why you want to cancel your credit card. Explain the reason and tell them that you would like to immediately cancel.
Write down the name of the representative you spoke to and (if possible) a confirmation number. Before you get off the phone ask the Care team representative if there’s any associated charges for canceling this card. Once you’re canceled, make sure you review your bank statement associated with the account 30 and 60 days after cancelling to make sure you don’t see any other charges coming from the store account on your statement. Once you're in the clear, cut up your card and throw it away.