Should you open a store credit card? Consumer Reports has the answer! [Video]

NASHVILLE, Tenn. (WTVF) — So many of us are shopping online these days, but if you actually go into a department store or other major retailer, you’re probably going to get the question.

It’s the one you get at checkout, not the paper or plastic question but would you like to open a store credit card? They’ll often suggest that you can save big on the purchase you’re about to make.

But here’s the thing…you really should think twice before you sign up for one of these cards.

“Generally, this is not a good idea. Sure, those upfront savings can be very enticing, but if you don’t pay off that balance before a promotional period ends, you’ll pay a lot of interest,” said Consumer Reports’ Brian Vines.

While the average credit card has an interest rate of around 20%, the interest rate for retail or co-branded credit cards is at …