Much like regular credit cards, store credit cards are given by a few retail chains around the world. However, you can only use them at the concerned retail stores or their branches, and apart from the regular benefits, you can expect to get unique kinds of surprise offers and privileges. These privileges are often limited to the card holders. Just like your regular credit cards, these cards too come with an interest. Here are some of the aspects worth knowing.
Should one get a store credit card?
Retail credit card, as it is also known, is one of the best choices for many people. If you are dealing with a bad credit score, you can still get a store credit card sans any hassles. Unlike banks, which have the right to refuse you a card for any reason whatsoever, stores are more than willing to give a card. Once you get your card, you will be entitled to get a number of different discounts and other offers that are meant for card holders. In case you are keen on the rewards and benefits and if you are regular shopper at the concerned retail outlet, these cards are meant just for you.
How to choose one?
While there are many store credit cards in the market, it can be confusing to choose one. First things first, you need to consider the offer being made, and whether you get something special for the introductory package. You may also want to see if their reward system is worth the interest. This can take a bit of time, and it makes sense to compare a few of the cards to know the right things. Typically, most cards can give you a discount of at least 3% on purchases made, and that’s what you need to look for. It also makes sense to check if you are getting any other benefits whatsoever, like free shipping.
Of course, the most essential and inevitable aspect is the interest rate. No matter whether you get a regular credit card or retail card, the interest rate is the real check for all the good things. Offers and discounts are often for a limited time, while the interest rate follows the standard route. Always opt for a card that has a genuine rate that can be afforded for at least one year or more. Comparing a few cards for the same isn’t also a bad idea, at all. You can also find more details at http://www.creditcardblogworld.com/store-credit-cards.
What else to know?
As mentioned, you have to understand if the retailer is worth the card and interest paid. Keep in mind that the benefits are rewards mostly make sense when you are a regular with the concerned store or the outlets. It isn’t a smart idea to look for a credit card from a store, when you are just interested in the seasonal sale.
Start looking for a credit card from your love retail store now and calculate all the aspects and essentials before getting started.
Author Bio: Willie DeJarnette is a finance expert who has worked with some of the leading blogs and finance sites. He is also a chief writer on many aspects of credit.