Are you looking for the best store credit cards to maximize your savings and rewards in 2023? With so many options available, it can be overwhelming to determine which ones are truly worth it.
Store credit cards have become increasingly popular in recent years, offering exclusive discounts, rewards, and special financing options to loyal customers. However, not all store credit cards are created equal, and it’s important to choose wisely to ensure you’re getting the most value out of your card.
In this article, we will explore the best store credit cards of 2023, taking into account factors such as rewards programs, interest rates, fees, and customer satisfaction. Whether you’re a frequent shopper or just looking to save some extra money, this guide will help you make an informed decision and find the store credit card that best suits your needs and financial goals.
What are the Biggest Stores in USA?
The biggest stores in the USA in terms of revenue are:
- Walmart
- Amazon
- Costco
- The Home Depot
- Kroger
- Walgreens Boots Alliance
- Aldi
- Lowe’s
- Target
- CVS Health
These stores are all giants in their respective industries, and they play a major role in the US economy. They offer a wide range of products and services, and they employ millions of people.
Here is a brief overview of each store:
- Walmart: Walmart is the largest retailer in the world, with over 11,000 stores in the US. It sells a wide range of products, including groceries, electronics, clothing, and furniture.
- Amazon: Amazon is the world’s largest online retailer. It sells a wide range of products, including books, electronics, clothing, and home goods.
- Costco: Costco is a membership-only warehouse club that sells a wide range of products, including groceries, electronics, clothing, and furniture.
- The Home Depot: The Home Depot is the largest home improvement retailer in the US. It sells a wide range of products, including lumber, tools, appliances, and gardening supplies.
- Kroger: Kroger is the largest grocery store chain in the US. It operates over 2,400 stores under various banners, including Kroger, Ralphs, and Harris Teeter.
- Walgreens Boots Alliance: Walgreens Boots Alliance is the largest drugstore chain in the US. It operates over 9,000 stores under the Walgreens and Duane Reade banners.
- Aldi: Aldi is a discount grocery chain that is known for its low prices. It has over 1,100 stores in the US.
- Lowe’s: Lowe’s is the second-largest home improvement retailer in the US. It sells a wide range of products, including lumber, tools, appliances, and gardening supplies.
- Target: Target is a discount department store that sells a wide range of products, including groceries, clothing, electronics, and home goods.
- CVS Health: CVS Health is a pharmacy and retail chain that sells a wide range of products, including prescription drugs, over-the-counter medications, health and beauty products, and convenience items.
These stores are all important parts of the US economy, and they play a major role in the lives of millions of people.
All of Those stores have credit cards?
Yes, all of the biggest stores in the USA have credit cards. In fact, many of them have multiple credit cards to choose from, with different rewards and benefits.
Here is a list of the biggest stores in the USA and their credit cards:
- Walmart: Walmart Rewards Card, Walmart Mastercard
- Amazon: Amazon Rewards Visa Signature Card, Amazon Prime Rewards Visa Signature Card
- Costco: Costco Anywhere Visa® Card by Citi
- The Home Depot: Home Depot Credit Card, Home Depot Consumer Credit Card
- Kroger: Kroger Rewards World Mastercard, Kroger Co-Branded Credit Card
- Walgreens Boots Alliance: Walgreens Credit Card, Duane Reade Credit Card
- Aldi: Aldi Visa Card
- Lowe’s: Lowe’s Advantage Card, Lowe’s Consumer Credit Card
- Target: Target RedCard™ Credit Card
- CVS Health: CVS Credit Card, CVS ExtraCare Credit Card
Store credit cards can offer a number of benefits, such as rewards on purchases, discounts, and extended warranties. However, it is important to compare the different cards before choosing one, as they can have different interest rates, annual fees, and other terms.
It is also important to use store credit cards responsibly. If you do not pay your bill in full each month, you will be charged interest on your purchases.
Factors to Consider when Choosing a Store Credit Card
When choosing a store credit card, it is important to consider the following factors:
Interest rates and fees
Store credit cards typically have higher interest rates than general-purpose credit cards. It is important to compare the interest rates of different store credit cards before choosing one. Some store credit cards also have annual fees. It is important to factor in the annual fee when calculating the total cost of owning the card.
Rewards program and earning potential
Store credit cards typically offer rewards programs that allow you to earn points or miles on purchases at the store. Some store credit cards also offer rewards on purchases at other stores or on travel. It is important to compare the rewards programs of different store credit cards before choosing one. Consider your spending habits and the types of rewards that are most valuable to you.
Credit score requirements
Store credit cards typically have lower credit score requirements than general-purpose credit cards. This can make them a good option for people with poor or fair credit. However, it is important to note that even store credit cards have credit score requirements. It is important to check your credit score before applying for a store credit card to make sure you meet the requirements.
Store-specific benefits and discounts
Some store credit cards offer store-specific benefits and discounts, such as free shipping, extended warranties, and early access to sales. It is important to compare the store-specific benefits and discounts of different store credit cards before choosing one. Consider the stores where you shop most frequently and the types of benefits and discounts that are most valuable to you.
Here are some additional tips for choosing a store credit card:
- Read the fine print carefully before applying for a store credit card. Make sure you understand the terms and conditions of the card, including the interest rates, fees, and rewards program.
- Only apply for store credit cards that you need and can afford. Avoid opening too many credit cards at once, as this can damage your credit score.
- Use your store credit cards responsibly. Pay your bills on time and in full each month to avoid paying interest.
Store credit cards can be a good option for people who shop at a particular store frequently. However, it is important to compare the different cards before choosing one. Consider the interest rates, fees, rewards program, credit score requirements, and store-specific benefits and discounts when making your decision.
Top Store Credit Cards
Here are some of the best store credit cards in 2023, based on a combination of factors such as rewards rates, annual fees, and other benefits:
- Target RedCard™ Credit Card: This card offers 5% off all Target purchases and free shipping on Target.com orders. It also has no annual fee.
- Amazon Rewards Visa Signature Card: This card offers 5% back on Amazon.com purchases, 2% back at restaurants and drugstores, and 1% back on all other purchases. It also has no annual fee. You can read in this article all features and benefits about Amazon Credit Cards: Maximizing Your Savings: The Ultimate Guide to Amazon Credit Cards and Cashback Rewards.
- Best Buy® Credit Card: This card offers 5% back on all Best Buy purchases and 2% back at gas stations and restaurants. It also has no annual fee. Also read: From Discounts to Exclusive Offers: Exploring the Perks of the Best Buy Credit Card.
- Costco Anywhere Visa® Card by Citi: This card offers 4% back on gas and eligible travel, 3% back on dining and drugstores, 2% back on all other purchases, and 1% back on all purchases. It also offers a number of other benefits, such as extended warranties and purchase protection.
- Macy’s American Express® Card: This card offers 5% back on Macy’s purchases, 2% back at restaurants and gas stations, and 1% back on all other purchases. It also has no annual fee.
Other notable store credit cards include:
- Walmart Rewards® Mastercard®: 5% off Walmart.com purchases and 2% back at Walmart stores and Walmart.com. Also read: Walmart Money Card Review – All You Need to Know.
- Kohl’s Charge: 5% Kohl’s Cash® rewards on every purchase, plus free shipping on orders over $35 every day. Also read: Maximizing Your Savings: The Benefits of Owning a Kohl’s Credit Card.
- Lowe’s Advantage Card: 5% off eligible purchases, plus 5% off your first purchase. Also check this article: Lowe’s Credit Card Review – All You Need to Know.
- REI Co-op Mastercard®: 5% back on REI purchases and 1% back on all other purchases.
- Apple Card: 3% back on Apple purchases, 2% back on Apple Pay purchases, and 1% back on all other purchases. Check this: Breaking Down the Benefits of an Apple Card Credit Limit Increase: What You Need to Know.
When choosing a store credit card, it is important to consider your spending habits and the rewards that are most important to you. If you shop at a particular store frequently, it may make sense to get a store credit card that offers rewards on purchases at that store. However, if you shop at a variety of different stores, it may be better to get a general-purpose credit card that offers rewards on all purchases.
It is also important to compare the annual fees and other terms of different store credit cards before choosing one. Some store credit cards have annual fees, while others do not. Some store credit cards also have restrictions on how the rewards can be redeemed.
Overall, there are a number of great store credit cards available in 2023. The best store credit card for you will depend on your individual needs and spending habits.
Comparing the FintechZoom Picks
Here is a table comparing the features and fees of the Target RedCard™ Credit Card, Amazon Rewards Visa Signature Card, Best Buy® Credit Card, Costco Anywhere Visa® Card by Citi, and Macy’s American Express® Card:
| Feature | Target RedCard™ Credit Card | Amazon Rewards Visa Signature Card | Best Buy® Credit Card | Costco Anywhere Visa® Card by Citi | Macy’s American Express® Card |
|---|---|---|---|---|---|
| Apply Now | Apply Now | Apply Now | Apply Now | Apply Now | |
| Rewards rate | 5% off all Target purchases and free shipping on Target.com orders | 5% back on Amazon.com purchases, 2% back at restaurants and drugstores, and 1% back on all other purchases | 5% back on all Best Buy purchases and 2% back at gas stations and restaurants | 4% back on gas and eligible travel, 3% back on dining and drugstores, 2% back on all other purchases, and 1% back on all purchases | 5% back on Macy’s purchases, 2% back at restaurants and gas stations, and 1% back on all other purchases |
| Annual fee | No | No | No | Yes ($60) | No |
| Foreign transaction fee | 3% | 3% | 3% | 3% | 3% |
| Purchase APR | 19.99% | 19.99% | 19.99% | 16.99% | 19.99% |
| Cash advance APR | 29.99% | 29.99% | 29.99% | 29.99% | 29.99% |
| Bonus offer | None | None | None | $100 Costco Shop Card after first purchase | None |
| Other benefits | Free shipping on Target.com orders | Extended warranty and purchase protection on Amazon purchases | Extended warranty and purchase protection on Best Buy purchases | Cash back on Citi travel purchased through ThankYou.com, extended warranty and purchase protection, and access to Costco services | Extended warranty and purchase protection on Macy’s purchases |
Which card is right for you?
The best card for you will depend on your individual spending habits and needs. If you shop at Target frequently, the Target RedCard™ Credit Card is a good option. If you shop at Amazon frequently, the Amazon Rewards Visa Signature Card is a good option. If you shop at Best Buy frequently, the Best Buy® Credit Card is a good option. If you are a Costco member, the Costco Anywhere Visa® Card by Citi is a good option. If you shop at Macy’s frequently, the Macy’s American Express® Card is a good option.
It is important to note that the Costco Anywhere Visa® Card by Citi requires a Costco membership. The annual fee for the Costco Anywhere Visa® Card by Citi is $60, but it is waived for Costco Executive members.
Conclusion
Overall, store credit cards can be a good option for people who shop at a particular store frequently. However, it is important to compare the different cards before choosing one. Consider the interest rates, fees, rewards program, credit score requirements, and store-specific benefits and discounts when making your decision.
Here are some additional tips for using store credit cards responsibly:
- Only apply for store credit cards that you need and can afford.
- Use your store credit cards responsibly. Pay your bills on time and in full each month to avoid paying interest.
- Keep track of your spending and rewards. It is important to know how much money you are spending on each card and how many rewards you are earning.
- Be aware of the terms and conditions of your store credit cards. Make sure you understand the interest rates, fees, and rewards program.
- Review your store credit cards regularly. Make sure the cards you have are still the best option for your needs. You may want to consider switching to a different card if you find a better deal or if your needs change.
