Saturday, July 2

Tag: apply for store cards

The Benefits of Retail Credit Cards
Business

The Benefits of Retail Credit Cards

If you’re looking for ways to save money at your favorite stores while building or improving your credit history, obtaining a retail credit card may be right for you. Unlike “regular,” or open-loop credit cards, which can be used anywhere that VISA and MasterCard are accepted, retail credit cards are closed loop. This means that they can only be used at a single store or chain of stores. For some people, retail cards aren’t useful and can actually cause more harm than good. For many, however, the right one can provide benefits like discounts and extra rewards that make them well worth it. When You Should Get a Retail Credit Card So, when does it make sense to get a retail credit card? Above all else, you should be prepared to pay off any balance that you generate each month to avo...