ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Store Credit Cards

Updated on August 31, 2016

Many retail stores offer fine discounts on purchases if you apply for their store credit card. It may seem that you are getting quite a bargain at the time, but a word of caution is warranted here.

Consumer credit advisers warn that opening too many lines of credit may actually hurt your credit score. Having multiple credit cards also makes it more difficult to keep track of your balance due dates.

Experts suggest that if you sign up for store credit cards, you will probably face high interest rates if you fail to pay your bill in full by the deadline.

Click thumbnail to view full-size

Retail stores such as:

  • Wal-Mart
  • Macy's
  • Sears
  • Bloomingdale's
  • Sak's Fifth Avenue
  • Target
  • Kohl's
  • Neiman Marcus
  • JC Penny
  • Nordstrom
  • Barneys
  • Gap

and the list goes on and on, offer special teaser deals which entice shoppers into signing up. says that there a few bargains amongst the many retail store credit cards, provided you pay the balance off each month. Otherwise you may get a 10 percent discount on a purchase which definitely does not justify a 28 percent interest rate.

Besides the fact that retail companies generally charge a far higher rate than bank cards, these store credit cards have a shorter grace period.

If you are the sort of person who stays on top of your finances, and pays your bills on time, you may be able to handle the added responsibility.

It may also be beneficial if you are trying to rebuild your credit such as after a bankruptcy. The stores are not too choosy who they allow to apply for their credit cards, and they are easier to get. Then after paying off the bill on time for a few months, you could discontinue use and apply for a major credit card.

Another reason it may be beneficial to get a store credit card is to make a large one-time purchase. If the item you are buying is in the thousands of dollars, a 5 or 10 percent discount up front can make a big difference. Then make sure you pay it off right away. Otherwise, a 10 percent break on a small item is not such a wise idea.

If you are new to the United States and need to build up your credit, store credit cards can get it started.

Another reason it may be okay to apply for a store credit card is if they offer a zero percent interest for six months to a year, but you should keep track of the time so you do not end up paying higher rates.

Plastic seems to make impulse shopping easier, but the burdens are greater when it comes to paying off the bills. The stores will continue to offer credit card because they do generate more revenue.

Target boasted a 22.6 percent increase in 2010 third-quarter net income and attributed it, in part, to its credit card business.

Financial experts suggest you do comparison shopping, and weigh all the pros and cons. The clerk in the store may say that it will only take a minute or two to fill out the application forms for a card, but that is not always the case. If it is a store that you frequent and take advantage of all of their perks and deals, you may have a positive outcome.

Think twice before signing up for a store credit card. Most of the retail stores accept major credit cards, so there should be no need to sign up for a store-specific card.


Submit a Comment
  • elayne001 profile imageAUTHOR


    8 years ago from Rocky Mountains

    Thank you Raul for your additional information regarding unexpected issues in the family. You never know when it might happen, so you have to plan for it and keep your purchases under control - live within your means!

  • profile image

    Raul Green 

    8 years ago

    Another thing I have noticed is the fact that for many people, below-average credit is the response to circumstances further than their control. As an example they may be really saddled having an illness and as a consequence they have large bills going to collections. It can be due to a occupation loss or the inability to do the job. Sometimes separation and divorce can really send the financial situation in the undesired direction. Many thanks for sharing your thinking on this blog site.

  • elayne001 profile imageAUTHOR


    9 years ago from Rocky Mountains

    You are very wise pmccray. I don't have as much will power as you, but I try to pay the credit cards off right away. Thanks for commenting and your vote of confidence.

  • pmccray profile image


    9 years ago from Utah

    Great advice. I've limited my spending to my ATM/credit card only. I only spend money I have in my account.

    If its not there the item is not purchased or I wait which gives me time to think over the purchase and decide on whether I really need it.

    Voted up, marked useful and shared.

  • elayne001 profile imageAUTHOR


    9 years ago from Rocky Mountains

    We could all use a bit of housecleaning when it comes to our finances. Thanks LianaK for your comments.

  • LianaK profile image


    9 years ago

    Great advice! Sounds like I need to do some housecleaning and clean up my credit a little :)

  • elayne001 profile imageAUTHOR


    9 years ago from Rocky Mountains

    That is wise PWalker281. Experience is the best teacher when it comes to credit cards. I appreciate your comments.

  • profile image


    9 years ago

    Past experience has taught me that credit is often a trap that's way too easy to get ensnared in. And you're right, a lot of impulse buying occurs when you have credit cards at your disposal. I've promised myself as I go forward that if I can't afford to pay cash for it, it ain't gettin' bought! Very informative hub, Elayne. Rated up!

  • elayne001 profile imageAUTHOR


    9 years ago from Rocky Mountains

    Thanks Hello, hello, - you are right - credit card rates can be very high - all about greed. That is why we need to be careful. Thanks for commenting on that. I hope some day to get to England. I was close - in Scotland for a week.

  • Hello, hello, profile image

    Hello, hello, 

    9 years ago from London, UK

    Well written hub but they are too tempting and interesting rartes are too high, at least in England. I have to agree with diogenes.

  • elayne001 profile imageAUTHOR


    9 years ago from Rocky Mountains

    You are so wise b. Malin - that way have good credit and no extra charges. Thanks for commenting.

    @HealthyHanna - Yes, it is easy for our buying to get away from us. I actually got a credit card to gets a couple dollars off of a blouse. I am better educated since researching this topic. Glad you liked it.

  • HealthyHanna profile image


    9 years ago from Utah

    This is very good information. I think consolidating credit cards is a good idea. It is too easy to let our buying get away from you. It is often the little things that create the most debt. And when they are spread out over a number of store credit departments, you may never know how deep in debt you are in.

  • b. Malin profile image

    b. Malin 

    9 years ago

    Helpful information that we should all keep in mind. We prefer using just one card and paying for it at the end of the month and not paying any interest.

  • elayne001 profile imageAUTHOR


    9 years ago from Rocky Mountains

    I really appreciate your comments daravuthz. So happy you liked it.

  • daravuthz profile image


    9 years ago from Cambodia

    Hi, you had done nice work. Its very interesting and nice. I impresses about your hub. Really its wonderful.

  • elayne001 profile imageAUTHOR


    9 years ago from Rocky Mountains

    Well, diogenes, you really have strong opinions on this topic, and no doubt with good reason. I think banks need to take their part of the blame for the reason our economies are in such shambles. Good points.

    Thanks LillyGrillzit - I try to see the good side of every subject, although sometimes it is difficult. Thank you very much for your comments.

    @Tammy L - You have done very well establishing good credit and then putting using self control in keeping your good ratings.

  • Tammy L profile image

    Tammy L 

    9 years ago from Jacksonville, Texas

    My credit was established with a Sears store card. Once I was accepted for a bank issued VISA card, my Sears card was paid off and cut into little bitty pieces. Another store card to establish my credit was a Best Buy card. That one is also plastic confetti. I've been offered to open a store credit card whenever I use my VISA. I always turn them down. As long as they continue to take VISA, I don't want the extra credit accounts.

  • LillyGrillzit profile image

    Lori J Latimer 

    9 years ago from Central Oregon

    I really like this Hub. Good advice. You really laid this out positively.

  • diogenes profile image


    9 years ago from UK and Mexico

    They are no longer viable in the UK. The interest rates is legal banditry. I have one piece of plastic, a building society debit card. It is also my bank. I wouldn't have one at all if it were possible, but I have to clear paypal and get pension payments, etc. I loathe banks and all their thieving acoutrements as well as insurance companies and much more....Good hub voted Up...Bob

  • elayne001 profile imageAUTHOR


    9 years ago from Rocky Mountains

    Thanks dahoglund for the additional information to my hub. I appreciate your comments. Good you have your credit cards under control!

  • dahoglund profile image

    Don A. Hoglund 

    9 years ago from Wisconsin Rapids

    Good information. I used to have store credit cards because that was what was available before Mastercard and visa. Mu mother who was almost religiously against debt always had a Dayton's card (Nowdayton-Hudson-Macy and I don't know sho all)Now I keep one card for household which I pay off each month and a second one for anything that can be used as business expense.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)