With offers of an additional 10 percent off your purchase or free merchandise, it’s tempting to apply for credit cards from your favorite retail stores. What they don’t tell you before you sign up is that failing to pay the bill in full at the end of each month may result in you paying much more than you originally would have saved. This is due to the inflated interest rates on retail cards that average about 10 percentage points higher than an Arsenal Credit Union Visa credit card. Opening multiple store credit cards around the same time can also negatively impact your credit score and lower your chances of receiving other loans at favorable rates. Instead, the best policy is to have one major credit card – like one offered by Arsenal – that you can trust and use for all items you wish to charge.