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Credit Card Applications » Questions » User Questions » Cash Back Rewards » Do you think it’s worth having a shopping credit card when I often shop at one retailer?

Do you think it’s worth having a shopping credit card when I often shop at one retailer?

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Leo Zhu

It depends on the card offered by the store you shop at and the way you manage your credit cards. If you use all your credit cards wisely and prefer paying off your card balances in full each month, then you can consider getting a store credit card. Store credit cards often come with high interest rates and being a responsible credit card user will help you keep your balances low and stay away from credit card debt. Now let’s look at rewards. When a store credit card does not have a rewards program and only offers discounts on purchases, you may not be able to save as much as you wanted. If you look at regular credit cards with rewards, most of them offer at least minimum rewards of 1% cash back. And if a store credit card is not able to beat this reward, then there is no sense in having it. Once you compare a store credit card with a regular rewards credit card you will see if a store credit card is worth having it.

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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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