You may wonder why people who don't have a bank account would be requesting a Kohls credit card statement. Well, it's simply because they want to do more with their money. If you are like most Americans, you would rather save the extra money and invest it instead of having the interest from a loan to pay for the bill in the first place.
The interest rates that come with credit cards are so high these days that it is easy to see why so many consumers are trying to avoid them. Even those that have had great credit for years are often faced with having to choose between paying the bill each month or having to wait until next payday and be out again.
What consumers fail to realize is that the interest rates on a credit card statement is only one part of the equation. The fees that are charged by the card companies are even more important. You may find that you are actually paying more on a credit card statement than you were on the original bill.
If you are wondering how this is possible, then you need to take a closer look at the Kohls credit card statement that comes with your monthly statements. You should look at the charges for each charge that is made on your credit card. While you may think that it is just an error, you will be surprised to see the huge difference in charges.
If you don't get the balance that you had before the statement came in, then that was a charge that you didn't make on the card statement. This may be because you didn't use the card at all, or if you use a different credit card. For instance, if you have a store credit card, and you use it at a department store, you may not see the department store charge on the statement because you only used the store credit card once.
You can also avoid having a higher interest rate because you paid your balance off in full each month. When you pay the entire balance off each month, you lower the interest rates as well. Remember, Kohls credit card statements are not just about the interest rate; they are about being aware of what is being charged on your statements.
If you are going to be using a credit card in the future, you should look into getting an online statement so that you can check what is being charged. You will know for sure which companies charge you more and which ones give you lower rates by looking at the information provided in the credit card statement.
You want to take advantage of everything that the Kohls credit card offers and you want to do it now. Don't wait until you have a bad credit rating and no other option but bankruptcy.