[jzunic]

Just curious to others' opinions on opening new (usually store) CC's to get discounts on your first purchase.

Our credit rating is great - we recently bought a house, have a couple of bank CC's, and a car loan we payed off a few years ago. We've NEVER (and I mean never!) been late on a payment, and always pay off the balance in full, so we've also NEVER paid any interest on our CC's. We're very responsible with our spending and CC's, and are way too cheap to ever pay interest on something (except for the house, of course...) The only thing against us on our credit report is our short history, since we moved to the US from Canada in 2002. So we've been working on building our credit up, with a few cards and now the house.

With that said, we often have the opportunity to save $20, $30 by signing up for a store CC. We'd only ever consider it for big purchases - signed up for a Sears card when we bought a Dyson vacuum, an Amazon Chase card when we purchased some exercise equipment on Amazon, and just got a Macy's card to get 22% off a bedding purchase (saved us $50), etc. So now in addition to our bank CC's, we also have a Sears card, a Macy's card, and an Amazon Chase card. We never have any trouble getting the card, and also typically only use it when it'll save us more money. Again, we never carry a balance on it.

So now I want to buy something on Overstock.com, and if I sign up for an Overstock card, we'll get $30 off. I know we won't abuse the card at all, and it will really just be a way to save some more money. We really will hardly use it, since I've only bought from Overstock once or twice before. Is it worth it to sign up for yet another CC, to save $30? Will it start negatively affecting our credit score (even though it doesn't matter as much now, as we just bought our house...) Can I cancel these cards after opening them (after meeting whatever restrictions they may have...)?

Would love to hear your thoughts on all this!

Thanks!