Home > Credit Cards > 5 Store Credit Cards Worth Considering in 2017

Comments 0 Comments

[Update: Some offers mentioned below have expired. You can view the current offers from our partners here — Costco Anywhere Visa Card from Citi.]

How many times have you gone to check out at your favorite retail store and been asked if you’d like to save 10% on your purchase? Just about every time, right? Retailers sometimes use special promotions as a way to get you to sign up for their store-branded credit card, and while these promotions can be pretty attractive, you should always proceed with caution. Most store credit cards tend to have a very high standard annual percentage rate (APR) and the long-term reward potential is not very high.

To help you save some time, we’ve picked some store credit cards that are worth considering in 2017. Just note: Even though these five cards might be good deals for frequent shoppers, they still tend to have a higher APR than most general-use credit cards. That means it’s crucial that you pay your balance in full each month to avoid running up credit card debt and big finance charges.

Keep in mind that, like applying for any credit card, deciding whether a store credit card will actually benefit you is important. There are several things to consider when choosing a store credit card. And while some store cards are easier to get than a general-use card because they don’t have the same qualifying standards, it’s still good to know where your credit stands before applying. That’s because there’s still a hard inquiry conducted for a store card, and that can ding your credit for a little while, so you don’t want to apply if you’re just going to be rejected. You can get an idea of your chances to qualify by getting your two free credit scores, updated every 14 days, on Credit.com.

Here are some store credit cards worth considering in 2017. (Note: For full details, please see card agreements.)

1. Amazon Prime Credit Card

Signing up for the Amazon Prime credit card means you are going to be able to save 5% on every purchase you make at one of the world’s largest online retailers. You will also have the chance to receive a promotional 0% APR for six to 24 months on purchases over $149. Keep in mind, though, if you choose to take advantage of the special financing, you will not receive the 5% back. And if you don’t pay the balances off in full by the time your promo period expires, interest will be charged to your account from the purchase date.

While it’s not all that exciting, you will receive a $10 Amazon.com gift card (though offer may vary), loaded into your Amazon account, after your application is approved. Like most “store” cards, you will only be able to use it on Amazon.com. The card doesn’t technically carry an annual fee, but it does require a $99 per year Amazon Prime membership. It carries a variable 26.24% APR.

2. Target REDcard

Just like the Amazon Prime card, you will receive 5% off on all purchases that you make. And when you shop on Target.com you will receive free shipping as well as an additional 30 days to make any needed returns.

The card can only be used at Target stores and on Target.com. Keep in mind that most general credit cards will not offer bonus rewards when shopping at a superstore like Target, which makes this a great card for any frequent Target shopper.

The card doesn’t carry an annual fee, but it does carry a variable 23.15% APR.

3. Lowe’s Consumer Credit Card

When you sign up for the Lowe’s Consumer credit card, you will receive 10% off your first purchase and then 5% off every other purchase. You can get 0% financing for up to 6 months on purchases over $299, but that offer cannot be combined with the 5% discount mentioned above. Also, if you fail to pay your balance by the end of the promotional APR period, you will owe deferred interest on the purchase. The card can be used only at Lowe’s and on Lowes.com.

There’s no annual fee and the card carries a variable 26.99% APR.

4. TJX Rewards Platinum MasterCard

When you sign up and are approved for the TJX Rewards Platinum MasterCard, you will receive a 10% off coupon to be used on your next purchase. You will also receive 5x points on any purchases that you make at T.J. Maxx, Marshall’s, HomeGoods, or Sierra Trading Post. You will also earn 1x points on any purchase that you make outside the TJX family of stores. Once you reach 1,000 points on your card, you will receive a $10 off coupon that can be used at any TJX store.

This is an open loop credit card, so it can be used anywhere MasterCard is accepted, and there are a couple other benefits available. You will receive price protection, which will cover you if the price drops after you make your purchase. You will also receive an extended warranty, which will double any manufacturers warranty up to one year.

There is no annual fee; the card carries a variable 27.24% APR.

5. Costco Anywhere Visa Card by Citi

With this card you will receive 4% cash back at gas stations, including at Costco Gas, on the first $7,000 each year. You will also receive 3% back at restaurants and on eligible travel purchases, 2% back at Costco and Costco.com, and 1% back on all other purchases. Because this is an open loop card that can be used anywhere Visa is accepted, you can earn points quickly. (Full Disclosure: Citibank advertise on Credit.com, but that results in no preferential editorial treatment.)

The card does not carry an annual fee, but you need a paid Costco membership, which starts at $55. There’s a 0% introductory purchase APR for the first seven months, then it’s a variable 15.99%.

At publishing time, Citi’s Costco Anywhere Visa credit card is offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

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: Kali9

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.

Certain credit cards and other financial products mentioned in this and other sponsored content on Credit.com are Partners with Credit.com. Credit.com receives compensation if our users apply for and ultimately sign up for any financial products or cards offered.

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.



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