Almost every time you visit a store you get asked if you want to apply for a credit card. If used with caution, store credit cards can actually help you save money.
While it’s best to avoid using them because of their higher interest rates, low limits, and restrictive acceptance, sometimes there are excellent rewards offers, financing opportunities and it’s way easier to qualify for one.
 Check out the pros and cons of the best store credit cards to help you make a better choice.
1 – Amazon Store Credit Card
PROS:
- No annual fee
- You can earn 5% back as a statement credit
- Promotional financing for up to 24 months
- Travel accident insurance, lost luggage reimbursement, baggage delay insurance
- $10 Gift card when your application is approved
CONS:
- You can only use it on Amazon purchases
- High APR
- You have to have an Amazon Prime membership
2 – Costco Anywhere Visa Credit Card
PROS:
- 0% APR for seven months and then 16.24%
- 4% cash back on eligible gas purchases of up to $7000 spent per year
- 3% cash back on restaurant and eligible travel purchases
- 2% cash back on Costco purchases
- 1% cash back everywhere else
- Trip cancellation and interruption protection, travel accident insurance and travel and emergency assistance
CONS:
- You need to pay the Costco annual membership fee which is 55 dollars.
3 – My Best Buy Visa Credit Card
PROS:
- 5% cash back
- 0% APR on purchases $199 and up or 12 months for $399 and up
- No annual fee
4 – Barclaycard Visa With Apple Rewards
PROS:
- 3 points per $1 at Apple and iTunes
- 0% APR for 6 to 18 months
- No annual fee
5 – T.J. Maxx – TJX Credit Card
PROS:
- No annual fee
- It is accepted almost everywhere
- 10% off your first in-store purchase
- 5 points per dollar spent at TJ Maxx and at its partner stores
CONS:
- High interest rate
- No 0% financing
6 – Target RedCard
PROS:
- 5% off on almost all Target purchases.
- No annual fee
- Free shipping in most purchases and an extra 30 days to return Target products
CONS:
- You can only use the card at Target.
- 23.65% APR
7 – Nordstrom Card
PROS:
- No annual fee
- It is accepted almost anywhere
- 1 point per $1 spent or 2 points per $1 spent at Nordstrom, Rack and HauteLook
CONS:
- APR of 11.15%-23.15%
- You can only redeem your rewards at Nordstrom
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