I've signed up for the card to get the discount. Then paid in full, and then immediately cut up the card.
That is a great way to do it.
I love getting the 10 or 15% off and then telling them to cancel the card. They get so sad
My wife and I have got the discounts and paided it off before we had to pay any interest 3 times in 4 years. I ahve a friend who has 4 kids. All boys, they do this every summer on the tax free shopping weekend before school. They get a card from Target or walmart load up on clothes and school supplies. Get a card get 10% off, pay it off when the bill comes due (they put $250 a month in savings to cover kid school costs.) Then the cancel the card.
Thats exactly what my wife and I do, I have yet to pay interest on any store cards I have but continually get great deals.
I usually do that too. But apparently your financial rating is adversely affected by merely opening the account.
I did the same thing....got a beautiful fur coat for a knock off price...
"I've signed up for the card to get the discount. Then paid in full, and then immediately cut up the card."
Me also.
But you're still hurting your credit score.
I hope that by "immediately",you mean immediately,that is,right there at the register as you take your receipt.
I've signed up under a my name with bogus DOB/SSN and the address of the Midland YMCA, paid cash for the purchase when the application was declined.
Saves the problem of cancelling the card.