The Best Department Store Credit Cards
Most of us quickly pass over requests to sign up for department store credit cards without a second thought. However, these cards often offer a significant number of benefits compared to traditional credit cards. Stores like Belk, Macy’s, Target, Walmart and Kohls all offer tremendous benefits for consumers looking to save additional money on top of their already low-prices.
In this article we will look at and compare the best store credit cards available!
Belks Credit Card
- 15% off 1st purchase
- Points system for Belk rewards
- Card upgrades for more rewards
- 0% fraud liability
- No annual fee for the basic card
One of the major department store retailers in the country, Belk, offers customers a great opportunity to save money on purchases of things like clothing, electronics and other household goods. Upon signing up for the card, members receive 15% off their first purchase. All purchases after that are based on a point system where $1 is equal to one point. After receiving 400 points, customers get a $10 savings pass good for anything in the store.
There are certain days when customers can earn additional points on their purchases and 35 days each year that are exclusive cardholder sale days. These rewards are available with no annual fee and coupled with receipt-free returns.
The Belk store credit card can also be upgraded to two higher tiers for those who spend over certain amounts of money over each calendar year. For those who spend $600, they receive free alterations, deluxe gift wrapping as well as “flex-pay” payment financing plans for large purchases. At the $1500 level, customers get free shipping and returns for online purchases, a 20% off birthday coupon, as well as a quarterly 15% off “pick your own sale” day.
All of these benefits make the Belk credit card one of the most popular department store credit cards in the country.
Target Red Card Review
- 5% off purchases
- No annual fee
- 30 day return policy
- Online Shopping
- App for account management (iOS & Android)
The Target Red Card is another great way to save on the essentials that you buy for your home. Good for use on any purchase, the Target Red Card gives customers 5% off of every purchase. As one of the largest retailers in the country, customers can get everything from diapers, dinner, to televisions all at a great discount. For those who don’t like shopping in store, all Target RedCard holders get access to free shipping and returns online.
Available with no annual fee, this card also entitles customers to 30 extra days to make returns. The Red Card online account management makes keeping track of your expenses a breeze and lets you manage your account quickly and conveniently online and through the Target App for iOS and Android.
Kohl’s Credit Card
- 20% off first purchase
- 15% off coupon
- Can stack monthly discounts with Kohl’s Cash
- No annual fee
As the Kohls store is growing in popularity, so is their store card. Kohls Card, as it is referred to gives new cardholders 20% off their entire first purchase as well as a 15% discount coupon when their card comes in the mail.
These savings combine with 12 discounts a year of 30%, 20%, or 15%. These discounts can be combined with the outrageously popular Kohl’s Cash program and deep discount sales. Plus, people who spend at least $600 in a calendar year get upgraded to the Most Valuable Customer (MVC) program which then their discount days are upgraded to 18 days a year.
Just like other store cards, all of these benefits are available with no annual fee.
Macy’s Credit Card
- No annual fee
- 20% discount on first and second day
- Surprise savings at the checkout
- 3 tier savings programs
One of the most historic and recognized brands in the United States, Macy’s offers a range of products from home goods to the latest trends in high-end fashion and apparel.
The Macy’s Card is another tiered program that has three levels of benefits for customers. All customers start out with the Macy’s Star Rewards Preferred card which offers an immediate 20% savings the first and second day of purchases. In addition, customers get three savings passes a year on top of surprise savings at the register.
For those who spend more than $500 in a year, the premier program has 6 savings passes a year as well as exclusive birthday savings. The premier elite program for those who spend $1000, receive 12 savings passes as well exclusive four exclusive shipping events for use online.
With no annual fee, these cards are a great way to save money on the brands you love from a trusted retailer.
Walmart Credit Cards
- Can be used for gas purchases and save $0.05/Gallon
- No annual fee
- Free credit score check
- The best credit card financing options
And finally, the largest retailer in the world, Walmart, offers additional savings on their already guaranteed low prices to people who sign up for the Walmart credit card. The benefits of this card are many, from gas savings to exclusive financing offers, many customers use this card to save money on the things they buy most often.
The card has no annual fee and allows customers to add additional users to a single account. Customers also gain access to a free FICO credit score so they can keep track of their credit free of charge.
In addition, card holders save five cents a gallon at participating Walmart gas stations and are not liable for any fraudulent charges on the card. You can apply at Walmart or online via the Walmart credit services website.
One of the greatest benefits is their special financing option for major in-store purchases. Available in 6, 12, 18, and 24 month rates, these financing offers are a great way to help pay for large purchases over a period of time. They are of course to credit approval.
If you don’t shop at any specific store often, then some of the benefits of these cards may not apply to you. However, department store credit cards are a great way for customers to save money at some of the nation’s top retailers.
They offer competitive rates compared to traditional credit cards, and often offer greater savings and benefits that most cards don’t have. For most people, these are a way to save a significant amount of money. And each store’s credit card can be completed in-store or online very quickly. Why spend your hard earned money when you don’t have to?