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Credit Card Applications » Questions » User Questions » Cash Back Rewards » I am fairly new to credit. I have a couple of basic shopping credit cards at the moment, but I ...

I am fairly new to credit. I have a couple of basic shopping credit cards at the moment, but I was looking to make a fairly large purchase, and possibly a few of them. I’ve heard of certain stores that offer financing cards, or rewards cards, and I was wondering if there was anything you could tell me about that?

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Leo Zhu

There is a lot we can tell you about that. What you are talking about are store credit cards that are offered by various retailers. These credit cards will commonly try to lure applicants into what they call “exclusive financing offers” for large purchases. The only problem with these offers is that they have loopholes. If you were to make one late payment with those cards, you are charged all interest payments back to the original purchase date, and you get stuck with the store’s very high APR. What we recommend you to do for a large purchase is to find a general credit card that offer a 0% introductory APR on purchases. An alternative option would be getting a rewards credit card and collecting rewards on your large purchases.

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Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
For Excellent/Good Credit
2X points on gas, utility and grocery store (excluding Target® and Walmart®) purchases. 1x points on all other purchases
For Fair Credit
Earn 1% cash back on gas and grocery purchases. Terms apply.
For Fair Credit

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