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Truity Credit Union Blog > October 2018 > 4 Retail Cards Worth Owning

4 Retail Cards Worth Owning

  • 10/30/2018 2:13:56 PM

The smart consumer knows that store credit cards are usually more trouble than they're worth. With high-interest rates, expensive fees and a modest credit limit, there's hardly a reason to sign up for a retail card.

Or is there? Since Truity is in the business of serving our members’ interests, let us show you four retail cards that may actually be worth owning.

1.) Amazon Prime Rewards Visa Signature Card

If you're one of the 100 million+ people who enjoy free two-day shipping on Amazon for $119 a year, consider signing up for this card.

The good:

  • Options for extended 0%APR financing on large purchases
  • Can be used wherever Visa is accepted
  • $70 Amazon gift card for all new cardholders
  • 5% cash back on every purchase made on Amazon or at WholeFoods
  • 2% cash back on purchases at restaurants, gas stations, and drugstores
  • 1% cash back on all other purchases

The bad:

  • You must be an Amazon Prime member to qualify.

The ugly:

  • A 26.24% APR!

2.) Target Redcard

With Target's Redcard, you'll be paying your way toward savings while enjoying the broad selection at your favorite superstore.

The good:

  • 5% rewards on all in-store purchases
  • 30 extra days for returns
  • Free shipping on most items at Target.com
  • No annual fee

The bad:

  • The 5% reward rate has restrictions.
  • Can only be used at Target or Target.com
  • No 0% interest financing offered

The ugly:

  • Interest rates starting at 24% APR

3.) Gap Inc. Visa Card

Are you a big-time Gap shopper? Consider the clothing company's Visa card.

The good:

  • 5 points awarded for every $1 spent at Gap or its sister stores
  • 1 point rewarded for every $1 spent at other retailers
  • Can be used anywhere that accepts Visa
  • 20% discount on the card's first purchase
  • 10% discount on every subsequent purchase at Gap and Gap Factory stores
  • Free shipping
  • Loose return policy
  • No annual fee

The bad:

  • No 0% financing offered

The ugly:

  • Rate starts at 25.24% APR
  • Late payment penalty fee of up to $37

4.) Costco Anywhere Visa Card

Love supersizing all your buys? Check out Costco's Anywhere card for cash back rewards on a wide range of purchases.

The good:

  • 4% cash back on gas purchases
  • 2% cash back on all Costco purchases
  • Up to 3% cash back on restaurants and travel expenses
  • 1% cash back on all other purchases
  • Accepted anywhere that accepts Visa
  • Rate starts at just 16.99% APR

The bad:

  • Requires Costco membership
  • Cash-back rewards are only redeemable at Costco

The ugly:

  • Late-payment fees of up to $37
  • Requires excellent credit to qualify

If retail cards just aren’t for you, but you’re looking for a credit card with a low rate, rewards, and no annual fee, look no further. We can help you find the Truity credit card that best suits your lifestyle. Learn more about our credit cards now!

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