Credit Card Inform
Retail Credit Cards
A retail credit card is like a normal credit card, however it is designed to provide incentives for the usage of the retail credit card. In particular, the incentive is to receive either free or discounted items from the retailer, as a reward for purchasing the retailer's products with the retail credit card. For all practical purposes, a retail credit card functions similar to a traditional credit card, but catered specifically to purchase items from the retailer. Retail credit cards may, or may not, be associated with a major credit card brand, such as Visa or MasterCard.Many popular retail credit cards include the following:
- Sears Credit Card
- Macy's Credit Card
- Home Depot Credit Card
- Sams Club and Walmart (Wal-Mart) Credit Cards
- Target Credit Card
- K-Mart Credit Cards
- Grocery Store Credit Cards
- ...and many more
Retail credit cards often have higher interest rates than traditional credit cards, and they are limited to use only in the stores that issued the retail credit card. Be sure to evaluate the terms and conditions of the retail credit card before signing up for one. Retail credit cards are generally offered while you are in line to make a purchase. People feel rushed and rarely take the time to actually read the fine print. Don't be persuaded by saving $5 on a purchase, as it may cost you much more than that in the long run.
