With the holidays right around the corner, most consumers are looking for ways to make all their desired holiday purchases. For some that means borrowing money, taking out loans or signing up for new credit cards. While none of these are favorable options, store credit cards are a particularly bad option for the holidays. Reports are showing that store credit cards carry very high interest rates, plus their sign up incentives are poor. Here are 3 store credit cards consumers should steer clear from:

• Sears Card – With dozens of Sears stores closing, it’s best to avoid getting entangled in a financial web with this company.
• Macy’s – In order to see the true benefits of a Macy’s card you’d have to spend $500 or more.

In part 2, we’ll cover other retail store cards to avoid during the holidays.