Why It's Time to Ditch Your Store Credit Card l CompareCredit

Why It's Time to Ditch Your Store Credit Card


By Thomas DonaldsonUpdated on January 20, 2022

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Store credit cards from places like Old Navy, Kohls, Target, and more seem like a great idea at the register but come with some major drawbacks.

We’ll briefly go through some of these drawbacks, then show the credit cards you should be using instead.

No 0% Intro APR

Most store credit cards do not offer 0% Intro APR for any amount of time. Many of the cards shown below provide 0% Intro APR until 2022!

Cash Back is limited

Most store credit cards allow you to only redeem cash back at their store, or a group of stores that they own. Each of the recommended cards on this list allow you to redeem cash back for any purchase as a statement credit. You’ll no longer be caged into redeeming your cash back at one store.

Incredibly High Interest

Store credit cards can charge you up to 26.99% in interest charges. Depending on your credit worthiness and after the long 0% Intro APR period you could get an interest rate as low as 13.99%. That’s almost half of what a store credit card could charge you.

The choice is simple, ditch your store credit card for one of the cards below and enjoy 0% Intro APR, more flexible cash back, and avoid high on-going interest charges.