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Next time the accountant at the checkout adverse suggests signing up for a acclaim agenda to get added savings, you may appetite to authority off.

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Nearly bisected (47%) of Americans who accept captivated a abundance acclaim agenda accept regretted their best to get one, according to a analysis of 1,500 bodies conducted by LendingTree (TREE) subsidiary CompareCards. And affluent Americans were best acceptable to get a abundance agenda — and affliction it.

A amazing 88% of households with an anniversary assets of $100,000 or added accept had a abundance agenda at some point, compared with 75% of the accepted population. And 58% of these consumers regretted their decision.

Generation Xers, millennials and parents with accouchement beneath the age of 18 were additionally added acceptable than the boilerplate American to feel anguish over accepting a abundance card.

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Also see: Amazon Prime’s 100 actor associates can get this acclaim agenda — but it comes with some pitfalls

Consumers are calmly austere by abundance cards’ absorption rates

The boilerplate anniversary allotment amount (APR) for a abundance agenda is 24.97%, according to CompareCards. That’s college than the boilerplate best APR beyond all acclaim cards, based on a contempo address from CreditCards.com.

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Only bristles retail cards agitated minimum APRs beneath 13%: Bass Pro Shops Club Mastercard (9.99%), Dillards (DDS) Rewards American Express agenda (11.99%), Military Star acclaim agenda (12.24%), Nordstrom (JWN) Visa Signature (12.65%) and REI Co-op Mastercard (12.99%).

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Meanwhile, four abundance acclaim cards — from Brandsource, Big Lots (BIG) Staples and Zales (SIG)  — had minimum APRs at or aloft 29.99%.

Many retailers allegation college absorption ante for their abundance cards because they do actual basal or no underwriting to actuate whether a customer is creditworthy. That agency added bodies can get the cards, but those who backpack a antithesis can calmly be burned. Stores try to sweeten abundance agenda offers with abysmal discounts on purchases fabricated with the cards.

“When it comes to abundance cards, the best is simple: If you backpack a antithesis ages to month, you shouldn’t get one,” CompareCards arch industry analyst Matt Schulz said in the report. “Paying 25% on a antithesis to save 20% on a acquirement doesn’t accomplish any sense. As acceptable as that action ability sound, if you can’t pay, break away.”

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But these aerial absorption ante are aloof the tip of the abstract back it comes to how abundance cards can abnormally affect consumers. Some retailers offered deferred-interest cards that arise to be zero-interest cards. In reality, consumers are about answerable absorption retroactively if they backpack a antithesis at the end of the anterior action period.

Many abundance cards are additionally closed-loop — acceptation they can alone be acclimated at the banker that offers them, authoritative them beneath advantageous if a customer doesn’t boutique at the abundance often.

Read more: Millennials are application layaway to buy Anthropologie dresses

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Why a abundance agenda can be account it for some consumers

Many retail cards appear with acute offers. By signing up for the Kohl’s Allegation agenda (KSS) consumers get 30% off their aboriginal purchase, additional 15% off addition acquirement back the agenda arrives in the mail. And Amazon (AMZN) offers a $70 Amazon allowance agenda to shoppers back they’re accustomed for the Amazon Prime Rewards Visa Signature card.

The accumulation garnered through those offers can accomplish a big difference, abnormally during the anniversary arcade season, Schulz argued.

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The key is not to bow to pressure. Rather than signing up for cards on the spot, consumers should ask for added advice to booty home.

“If the agenda action still sounds ambrosial afterwards you apprentice added about it, administer for the agenda the aing time you go to that store,” Schulz said. “Chances are the action will still be acceptable on your aing trip, and you’ll be able to accomplish a abundant added a decision.”

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