Half of Americans with this credit card regretted getting one

Next time the cashier at the checkout counter suggests signing up for a credit card to get extra savings, you may want to hold off.

Nearly half (47%) of Americans who have held a store credit card have regretted their choice to get one, according to a survey of 1,500 people conducted by LendingTree TREE, -3.43% subsidiary CompareCards. And wealthy Americans were most likely to get a store card — and regret it.

A staggering 88% of households with an annual income of $100,000 or more have had a store card at some point, compared with 75% of the general population.

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