The only benefit that the hhgregg credit card offers in addition to the store loyalty program is the initial 5% discount on a purchase of $497 or more. This must be a single receipt purchase. The h.h. gregg rewards store loyalty program offers an initial 10% off coupon when you sign up. So applying for the card and having the two accounts rolled into one (the loyalty program and the credit card) may just lessen your discount, depending on when and how you apply for the card. I would use the h.h. gregg Rewards loyalty program in conjunction with an alternative rewards credit card to increase your overall benefit.