Credit Cards

5 Store Credit Cards That Are Worth It

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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 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.

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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

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  • 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.

  • 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.

    You can also monitor your score with 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.

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