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Retail credit cards are squeezing the financially vulnerable as their delinquency rate rises — how to avoid this mistake

September 5, 2019

For the past two months, Becky Beach, an avid shopper with a low credit score, has found herself trapped in the “shop more, earn more points” game that retailers play.

Beach, a 37-year-old stay-at-home mom, has been overdue on two of her store credit card payments — Loft and Kohl’s KSS, +1.88%. At first, she was surprised the stores even approved her for their credit cards. But then she started collecting points on every visit.

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