Store Credit Cards
With retail store credit cards there are a few differences from the normal reward credit cards that you may have in your wallet. One of the differences is that they are used for specific stores and merchandise, unlike the general credit card. Another thing that is different is the rewards that are offered are usually from their store only; however, if you shop frequently there, chances are good that it will be beneficial to you in saving money. Below are some of the best retail store credit cards for your information.
Editors Note: Instead of getting a store specific credit card, I currently recommend checking out the Discover® More® Card. This card allows you to earn up to 5% cash back on all of your purchases, and you can earn up to 20% cash back at up to 100 stores through the ShopDiscover online store.
The Wal-Mart credit card will be a good choice if you often shop at Sams Club or Wal-Mart; even online at Walmart.com. This credit card gives discounts on fuel from any Wal-Mart or Sams Club that has gas stations of 3 cents a gallon. There is no annual fee and there are three separate types of cards, Premier PR+4.12%, Preferred PR+10.12% and Choice PR+14.12, depending on your credit history. The PR is equivalent to the current Prime Rate.
The Disney Rewards Visa Card from Chase is an excellent retail store credit card that is especially made for those people that spend a good amount of time at Disney resorts and theme parks, and also those that buy Disney products. Every time that you spend $100, you will receive one Disney Dream Reward Dollar. There is no annual fee with this credit card and the rewards that are earned can be used for hotel stays, cruises or theme park tickets. There is an introductory APR of 0% for the first 12 months on both purchases and cash transfers and then will increase to PR+5.99% or 10.99%.
When you use the Target Visa credit card for making purchases, every dollar that you spend at Target will earn one point and for every two dollars spent elsewhere will earn one point. In addition to the points that you will earn, Target will donate 1% of every one dollar that you spend at Target and .50% of each dollar spend at other stores to the K-12 school of your choice. After youíve earned 1000 points you will have the privilege of an entire day of shopping with a 10% discount and will receive the same discount for a day when you enroll in the pharmacy program and make your first purchases. The Target Visa credit card has no annual fee and the APR will be anywhere between PR+ 4.99% and PR+ 13.99%, depending on credit review.
The retail credit card for frequent shoppers of Nordstrom and Nordstrom.com is the Nordstrom Credit Card. It is a retail reward charge card that earns unlimited points, earning two points per dollar spent at Nordstrom and Nordstrom.com and one point per dollar spent at other places. If $1500 is spent during the year at Nordstroms you will have privileges of attending special in-store events and will earn 10 points for every dollar spent at those events. The Nordstrom Credit Card has no annual fee and an APR of between PR+ 0 and PR+ 14.9% with a 25 day grace period.
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June 29th, 2009 at 1:12 pm
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