Home > Credit Cards > 5 Store Credit Cards That Are Worth It

Comments 6 Comments

Shoppers who are in a hurry to pay for goods and move on may find it frustrating to be constantly asked to apply for a store credit card.

In some cases, store credit cards are not a good deal. Sure, you might get a small discount off of your first purchase after being approved, but you often end up with a card that has inferior rewards and a higher interest rate compared to conventional credit cards. However, these cards are some of the easiest credit cards to get, which make them attractive if you’re trying to build or rebuild credit. (You can get your credit scores for free on Credit.com to see where you stand.)

Fortunately, there are some store cards that do make sense. These are the cards that can offer impressive discounts, competitive rewards, or both.

1. Kohl’s Charge Card

This department store offers a 20% discount on a customer’s next order when they open an account, which is above average for such offers. In addition, a 15%-off coupon will also arrive in the mail with the new card, plus 12 more discounts of 30%, 20% or 15% every year. Furthermore, those who spend $600 a year or more at Kohl’s stores will become a Most Valued Customer (MVC) and receive at least 18 discounts a year. So even though it doesn’t offer rewards points for each purchase, it offers plenty of more valuable coupons, which can even be combined with other offers. There is no annual fee for this card.

2. Best Buy Reward Zone MasterCard

This electronics retailer offers a choice of either 5% back in the form of rewards points or a choice of one of their strong promotional financing offers. Cardholders can receive six months of deferred financing on purchases of $149 or more, 18 months on purchases of $429, or even 24 months on all HDTV, home theater and Geek Squad home theater installation purchases of $799 or more. Finally, customers also receive free shipping on orders of $35 or more, and access to exclusive discounts, special sales and member-only shopping events. There is no annual fee for this card.

3. Lowe’s Consumer Credit Card

Like the Best Buy card, this card offers 5% off of all purchases or special financing options. One option is for six months of interest-free financing on purchases of $300 or more, so long as cardholders pay off their entire purchase within that time. The other is for 84 months — that is seven years — of financing of purchases of $3,500 or more at 5.99% APR. Customers can combine the 5% discount with other discounts available to all customers. Additionally, customers can combine any discount with special financing if their purchase meets the minimum purchase threshold. There is no annual fee for this card.

4. Victoria’s Secret Credit Card

This card offers rewards worth 4% of spending for those who receive “Angel VIP” status by spending $250 a year or more. Those shoppers will also receive double rewards points on bra purchases. There is no annual fee for this card.

5. Wal-Mart Credit Card

This card offers no rewards and little in the way of discounts (just five cents per gallon off of gasoline purchases). Yet this card is great for those who are trying to build or rebuild their credit, as it is one of the easiest store charge cards to be approved for. Cardholders receive a free monthly FICO score when they opt to receive electronic statements online. Another valuable feature is the ability to withdraw up to $100 cash at stores each day when making a purchase. Unlike most credit card cash advances, these cash withdrawals only count as a purchase, so they have no fees and no interest charges if the statement balance is paid in full by the due date. There is no annual fee for this card.

In order to get the most out of the discounts and rewards that come with these cards, it’s ideal to charge only what you can pay in full each month and avoid the interest charges. Paying in full, or keeping the balance to 10% or less of your credit limit will also benefit your credit score. If you do carry a balance, it’s good to have a plan to pay it off, and this calculator can help you determine how long it will take.

[Offer: Bad Credit Stopping You From Getting the Credit Card You Want? The credit professionals at our partner Lexington Law can use their legal expertise to help you aim for a better credit profile, so that you have a better chance at getting the credit card you want. They help you obtain your credit reports and their attorneys and paralegals assigned to your case will review your credit reports and then help you dispute any errors with the credit bureaus. Get started today or call them at (844) 346-3296 for a free credit consultation.]

More on Credit Cards:

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

Image: Dmitrijs Dmitrijevs

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

  • EJMiv

    The BBY card is now called the My Best Buy MasterCard. Depending upon your creditworthiness, you may receive the gold card, which has a $59 annual fee. When you apply, you’re actually considered for one of four cards: My BBY MC Platinum (no AF), My BBY Preferred (non-MC private label/house card, no AF), My BBY (non-MC private label/house card, highest APR, no AF), and My BBY MC Gold (highest APR, $59 AF), in that order. For the financing offers…6 months is always there, next tier alternates between 12 or 18 months, and 24 or 36 months are offered only occasionally in specific categories (primarily TV’s or appliances). 48 months at a fixed 11.99% is also available, but not really advertised.

  • Roger

    What about Target’s Red Card? 5% off purchases and extended return policy?

  • Delco_Teddy

    Article was right, Walmart approved me no problem…

  • Atiger

    No Target Credit Card? In most Target purchases, you get 5% discount and free shipping for online orders. This is one of the best store credit cards.

  • http://www.credit.com/ Credit.com Credit Experts

    Home Depot has a page where consumers can get an idea of whether their score puts them in a range in which an application would likely be qualified. What they do is allow you to check your own score (which is a soft inquiry). That does not affect your score. https://www.accountonline.com/cards/acq/preQualUserInfo.do?screenID=3299&langId=EN&siteId=PLCN_HOMEDEPOT&sc=30052

    You can also monitor your score with Credit.com. You get two scores, updated monthly, along with a personalized guide to improving your scores. Here’s how to monitor your credit score for free.

  • Floyd

    Lowe’s Consumer card is one of the best values for credit cards. They have the special financing options that come up periodically for up to 18 months no interest. They also have special financing for projects over $3500 with the 84 at a special financing rate.

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Our Owners

Credit.com is owned by Progrexion Holdings Inc. which is the owner and administrator of a number of business related to credit and credit repair, including CreditRepair.com, and eFolks. In addition, Progrexion also provides services to Lexington Law Firm as a third party provider. Despite being owned by Progrexion, it is not the role of the Credit.com editorial team to advocate the use of the company’s other services. In articles, reporters may mention credit repair as an option, for example, but we’ll also be sure to note the various alternatives to that service. Furthermore, you may see ads for credit repair services on Credit.com, but the editorial team isn’t responsible for the creation or implementation of those ads, anymore than reporters for the New York Times or Washington Post are responsible for the ads on their sites.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team