Target Credit Card

Target, which is also known as the Target Corporation, appears to be a large chain of discount stores. Actually, it tends to be the second-largest discounter in the United States, whereas only Walmart beats this company. With such a scale, it shouldn’t be surprising that the company also offers its own credit cards to the customers. This article will provide you with a great deal of information about the Target credit card, its advantages and drawbacks, helping you understand whether this card is right for you. Enjoy the read!

What Is Known About Target?

The Target Corporation was founded back in 1902 as Goodfellow Dry Goods, but its current name the company obtained in 1962. As of the present time, Target appears one of the largest companies in the United States overall. Its revenues almost reached $70 billion in 2016, while the profit exceeded $2.7 billion in the same year.

As of the present time, the company is present in every American State (except Vermont), while it is able to boast 1,828 locations in the United States. It is headquartered in Minneapolis, Minnesota. The company employs more than 341,000 workers. The key product lines of this discount retailer include games and toys, sporting goods, small appliances, shoes, pet supplies, lawn and garden, jewelry, housewares, furniture, food, electronics, accessories, clothing, bedding, health and beauty products.

You are able to apply for a Target credit card in every store of this chain. If you wish to locate the closest Target store around you, please make use of this page.

Types of the Target Credit Card

As of the present time, the Target Corporation offers 3 types of credit cards to its customers. Typically, those are the following types of the Target credit cards:

  • Store Branded Target Credit Card. This credit card can be used only at Target.com and the stores of this corporation. The card has no annual fee, but its APR is quite high and exceeds 23%.
  • Store Branded Target Debit Card. Same as the previous card, it can be accepted only at Target.com and the stores of this chain. But, unlike the Target credit card, this card will be linked to your account, and so the funds will be deducted each time you make purchases at Target.
  • Target MasterCard Credit Card. Considering that this credit card from Target is connected to a larger network (MasterCard), it is accepted anywhere where the MasterCard cards are accepted – that’s pretty everywhere. The card is quite beneficial, as it has no fees on foreign transactions. Yet, you are not able to apply for this Target credit card away. You may be offered to upgrade to this card only after you have used one of the previous two cards at least for a year. The APR of this credit card is similar as the APR of the previous cards.

Basic Information About the Target Credit Card

While many of the store branded credit cards from other stores are often (and deservedly) criticized, the Target credit card tends to stand out among them (here and further we will uncover the Target MasterCard Credit Card, as these cards differ only in where they are accepted). All of the described Target cards, however, have the same cost and reward structure, and it makes them pretty valuable for Target customers.

Target Credit Card

You must keep in mind, however, that if you decide to obtain a Target credit card, you will not be able to open Amex Serve or Wal-Mart Bluebird account. Thus, you must open this card really only if you a frequenter to target. Otherwise (and especially if you frequently drop in Walmart supermarkets), we recommend you better to apply for a credit card from Walmart (you can also find a review of the Walmart credit card in this section of our website).

Among the things that attract customers to this Target credit card, there is, indeed, the annual fee of $0. It is worth noting, however, that the APR of this credit card tends to be rather on the high side, whereas it is equal to 23.90% (though, it’s common for store branded credit cards). But the rewards are ample, and that’s a good reason to apply for the Target credit card.

One of the things that worries quite many customers is how difficult is to be accepted for the Target credit card and how high one’s credit score must be. There is barely any reason to worry, as it was reported that even people with credit scores around 580 were accepted. Though, it may come with a credit limit of just $250.

Advantages of the Target Credit Card

Unlike many store branded credit cards, the Target credit card can boast quite a large number of benefits. This section of our Target credit card page is going to uncover them, and they are just one side of the coin. Below, we will also reveal what are the disadvantages of this credit card. So, the most outstanding advantages of the Target credit card are the following ones:

  1. 5% of cash back on purchases you make in Target stores and at Target.com. This benefit is what the Target credit card is mostly valued for, and this is among the most generous rewards on the market. The 5% discount from Target can be applied to all goods and products except of the following categories:
  • Eye exams at Target Optical.
  • Prescriptions, OTC drugs, and medical services at Target clinics.
  • Target gift cards, prepaid cards, and all other types of cards.
  • Gift wrapping, shipping, handling fees at Target.com.
  • All payments and deposits from/to a Target credit card (cash advance, etc.).
  • Restaurants in Target stores, such as Pret A Manager, Freshii, and D’Amico & Sons Italian Kitchen.
  • Previous purchases.
  • Services of the telecommunications providers.
  • Any other discounts that may be prohibited by law.
  1. Free standard shipping within the United States. If you frequently shop at Target.com, obtaining this card may be quite beneficial for you. With a Target credit card, you will be able to qualify for a free standard shipping of products within the United States. In addition to that, this credit card also allows you to get additional 30 days to return the items you purchased (this can be applied to the majority of the products, but not all).
  2. This Target credit card doesn’t charge you too many fees. Unlike many other store branded credit cards, this Target credit card allows you to use it, for example, abroad without any foreign transaction fees. Additionally, you will not be charged no monthly fees and no fees when reloading cash to your Target credit card in the Target stores.
  3. It tends to be fairly easy to get accepted for the Target credit card. There are have been numerous reports that people with the credit score as low as 580 were accepted for this credit card. Though, you should keep in mind that, if you have that low credit score, you will either get a low credit line, or you will just get a debit card. But, one way or another, it is a fairly good chance to build a good credit history.

Drawbacks of the Target Credit Card

The Target credit card offers pretty solid advantages to its holders, but, as every store branded card, it also comes with numerous drawbacks. This section of our page explores the disadvantages of this credit card, and they are the following ones:

  • Too high APR. As every store branded credit card, the Target credit card has quite a high APR: 23.90%. This makes this card barely usable for crediting, and we highly recommend you to pay your bills on time and in full.
  • If you get a Target credit card, you will not be eligible for obtaining an Amex Serve or WalMart Bluebird credit cards. Those two credit cards are also quite generous with rewards. But, unfortunately, you cannot apply for these credit cards as long as you have a credit card from Target.
  • This card is not suitable if you want to get rewards outside the Target stores. Unfortunately, the use of this card is limited only to the Target stores. And while it may be beneficial to use it abroad due to no cash load and foreign transaction fees, the card will not help you in collecting bonuses for making purchases elsewhere.

Conclusion

As it typically tends to be with store branded credit cards, this card will be suitable for you only if you a frequent shopper at Target. Otherwise, this card will bring you very few benefits. Additionally, it may make you not eligible for applying for other credit cards (like from Walmart), and you would lose a lot if you are a frequenter at Walmart. But if you tend to shop at Target quite often, you will definitely benefit from the generous rewards of this credit card.

Reviews of other credit cards can be found here.

Sears Credit Card

Sears, an American chain of department stores, has been around for more than 130 years. This makes this American company one of the oldest enterprises in the retail matter. So, it could be expected that Sears came up with its own Sears credit card. This article will help you learn more about this credit card, so you will get to know about its conditions, advantages and disadvantages, and requirements you need to meet in order to qualify for the card. Enjoy!

All You Need to Know About Sears

Sears, which is also known as Sears, Roebuck and Company, was founded by Richard Sears and Alvah Roebuck in 1892. Actually, this company grew from a small retail store into a large corporation. Nowadays, there are almost 600 stores in the United States, which can be found in every American State, Puerto Rico, and Mexico. The headquarters of this company is located in Hoffman Estates, Illinois.

The company’s main product lines include electronics, tools, housewares, appliances, beauty products, jewelry, furniture, bedding, footwear, and clothing. The company’s revenues amounted to $13.8 billion in 2016, though the company was not profitable. Its parent company is Sears Holdings. If you wish to apply for a Sears credit card, you can do it in any Sears store or online. If you prefer to apply in a Sears store, you can locate the closest Sears store with the help of this page.

Types of Sears Credit Card

Same as many other retailers and chains of stores, Sears offers two types of credit cards to its customers: a usual store branded credit card and a card connected to one of the major networks (Mastercard). While the first Sears credit card allows you to make purchases only in Sears stores, the latter credit card allows you to make purchases anywhere where Mastercard cards are accepted.

Sears Credit Card

Same as other store branded credit cards, these credit cards from Sears may be a good option for someone who frequently shops in the stores of this company. Otherwise, there may be doubts regarding whether it is worth to apply for such a credit card. Below, we will analyze both these types of credit cards from Sears.

Store Branded Sears Credit Card

Annual fee: $0.

APR for purchases: 25.49% variable.

Credit card highlights:

  • Advanced notifications about events and sales from Sears.
  • There are special financing offers available.
  • This credit card also has credit offers.
  • Perfectly suitable for accumulating monthly savings.

As it was already mentioned above, the use of this credit card is pretty limited. Actually, you can use it only in Sears stores, as well as in other stores and services affiliated with Sears. They include Sears Optical, Sears Dental, Sears Auto Centers, and Kmart stores.

Sears Mastercard Credit Card

Annual fee: $0.

APR for purchases: 26.49% variable.

Credit card highlights:

  • Advanced notifications about events and sales from Sears.
  • There are special financing offers available.
  • This credit card also has credit offers.
  • Perfectly suitable for accumulating monthly savings.

Unlike the previous Sears credit card, this credit card can be used not only in the stores and services of Sears and Kmart, but anywhere where Mastercard cards are accepted – that is literally anywhere. But you can also notice that the APR variable is a bit higher here. But it shouldn’t matter that much, as the APR variables of both cards are a way too high. We highly discourage you to carry a balance with these cards.

Apart from the aspects mentioned above, having a Sears Mastercard Credit Card may be more beneficial than a usual store branded credit card from this company. The reason for that is simple: you get an extended warranty with the Sears Mastercard Credit Card, and that warranty may be prolonged up to a year more. Thus, once again, applying exactly for this Sears credit card is recommended.

Sears Sign-Up Rewards

Immediately after your application has been approved and you have received your Sears credit card, you will be offered to make a choice:

  • 6 months of 0% introductory APR period on purchases that you make on that very first day.
  • $10 off your purchase ($15 for the Sears Mastercard Credit Card).

Obviously, the first offer looks far more lucrative. Therefore, we recommend you not to make any big purchases at Sears before you sign up for a credit card. Once you have been approved and obtained a credit card, you can choose the 6-month long introductory period and make all the big purchases you wanted. That will help you save a lot of money.

Sears Monthly Offers

When it comes to the matter of monthly, ongoing offers, you will gain access to quite a wide selection of financial offers and discounts. It is worth to note that the collection of coupons and deals is a changing one. Besides, only those customers who have Sears credit cards can take advantage of these deals. Typically, those deals are available both in-store and online, and you can make a choice between two options: 0% APR period and a 5% off the price discount.

Typically, there are quite many products on Sears monthly offers, so you will definitely have something to choose products out of. Keep in mind, however, that you should pay your loan (credit line) on time and in full, if you have opted for the 0% APR period. If you won’t do it, such a thing as “deferred interest” will be applied to you. That means that you will have to pay the interest rate on the entire product price since the very first day, and that actually eliminates all the benefits.

Special Rewards Program from Sears

Additionally, you can also take advantage of the special rewards program from Sears, which is also known as the Shop Your Way Offer. This program simply allows you to get an even better cash back. So, you will get an additional (bonus) offer once per month, and this offer will allow you to get better discounts than those that you may receive thanks to the deals mentioned above.

Same as above, however, the company chooses several product lines or categories. For the goods from those categories that you will purchase, you will receive 10% of cash back for the first $500 spent on those goods. After $500 were spent, the cash back coefficient becomes 1%. You should also keep in mind that 90% of those reward points will expire within 90 days. The remaining 10% of the reward points will expire in a year.

There are other things you should keep in mind regarding this deal. For instance, such deals usually cannot be combined with other special deals from Sears, so you need to make sure what you are going to pay in the first place (and which deal/discount will be applied).

Things to Consider Before Applying for a Sears Credit Card

Before you will apply for your Sears credit card, you need to remember a few things about this card and how to use it. First of all, you have to pay your purchases off always on time and in full. The Sears credit card (actually both cards) charges you a late fee of $37, which is a paramount sum. There is also a returned payment fee that can be up to $37 as well.

Neither of those credit cards can be recommended for purchasing anything with credit funds. That is caused by the high APR variable for both of the credit cards: 25.49% for Store Branded Sears Credit Card and 26.49% for Sears Mastercard Credit Card. Neither of those figures are reasonable, and getting yourself indebted with such an interest rate may be a sign of the looming financial distress in your family.

Expectedly, the cash advance APR is even higher: 27.40% for Store Branded Sears Credit Card and 28.40% for Sears Mastercard Credit Card. The Mastercard card from Sears also charges you a 3% fee for foreign transactions, so using it anywhere abroad is not recommended.

Conclusion

One way or another, but there can be only one reason to apply for the Sears credit card: you must be a frequenter to the stores of this chain. If it’s so, then you can really benefit from frequent deals and save quite a good chunk of your money. If that’s not the case, we highly recommend you to shun this credit card.

That advice is based on a solid ground: you cannot do anything else with this Sears credit card. Borrowing funds from this card would be just unreasonable. Using it elsewhere without cash back and any benefits is not a good idea either. High foreign transaction fees, late fees, and returned payment fees make everything to discourage the customers from using this credit card.

You can also read reviews about other credit cards on this page

Old Navy Credit Card

Old Navy is an American retailer of accessories and clothing, whereas it serves customers all across the United States. The popularity of this chain of stores is, indeed, impressive, and that caused this company to come up with its own credit card. The Old Navy credit card provides you with numerous opportunities, and this article will help you learn about its benefits, advantages and drawbacks. This, in turn, will allow you to assess whether this card is right for you.

All You Need to Know About Old Navy

Old Navy was founded just in 1994, but already became popular all across the United States. Actually, the company was founded by the Target Corporation, which sought to establish a chain of shops that would sell less expensive brands. Since the year 1994, the company has been owned by Gap Inc.

The company’s stores can be found in every American State, whereas Old Navy has more than 1,100 locations across the country. The company is headquartered in San Francisco, California, while its flagship stores are located in San Francisco, Chicago, Seattle, and New York City. Actually, applying for an Old Navi credit card is possible in one of the company’s stores. You can locate the closest Old Navy stores with the help of this Old Navy Near Me page.

Basic Information About the Old Navy Credit Card

The Old Navy Credit Card is tailored for active shoppers, and this card really unlocks a huge number of benefits. Unlike some other store branded credit cards (like the cards from Lowe’s or Home Depot), this credit card from Old Navy is really generous and may bring you worthwhile rewards.

Actually, if you often shop at the Old Navy stores and you don’t mind receiving gift certificates from Old Navy, then you should definitely apply for this card. Moreover, this Old Navy credit card would be especially suitable for you if you tend to shop not only at Old Navy, but in the stores of the Gap Family, including such chains like Gap, Banana Republic, and Athleta.

Old Navy Credit Card

Same as other store branded credit cards, the Old Navy credit card doesn’t charge you an annual fee. But you should keep in mind that the store cards are typically viewed as subprime cards, and that is the reason why the APR of such cards is always high. And even though the APR of store branded credit cards is always high, the APR of this Old Navy credit card is even higher than the average of such cards: 24.99%.

There are two types of the Old Navy credit card: the Old Navy Visa Credit Card and the usual store branded credit card. While the latter can be used only in the stores of the Gap Family, the Visa card can be used anywhere where Visa cards are accepted. Considering that the majority of the Old Navy credit cards that were issued are the Visa cards, you are likely to receive it as well. That will allow you to use your credit card almost anywhere.

Benefits of the Old Navy Credit Card

Before you will make up your mind whether you should apply for this Old Navy credit card or not, you should understand the benefits and drawbacks of this credit card. At this point of our article, we will reveal what are the main benefits of the Old Navy credit card and how you can benefit from having this card. So, the benefits of this credit card are the following ones:

  1. Old Navy credit card rewards. Once you have received an Old Navy credit card, you can start accumulating rewards right away. If you will use this credit card in the Old Navy, Athleta, Banana Republic or Gap stores, you will receive 5 points for every $1 spent. If you will use this card elsewhere, you will receive 1 point for every $1 spent.

Once you have accumulated 500 points, you are able to redeem them for a $5 dollar certificate. That leaves you with a cash back reward of somewhere between 1% and 5% – depending on where you will spend the most of your money with this card. Frankly speaking, even 1% cash back on purchases made in other locations is pretty generous. Though, it must be pointed out that these certificates can be redeemed only in the stores of the Old Navy chain.

There are a couple of ways more that can help you earn points. If you sign up on the company’s website, fill out an online form, and sign up for paperless billing, you will receive 1000 points (i.e. $10) more.

  1. You receive a 15% discount on the first purchase you make at the Old Navy stores. Even though many stores that promote their credit cards also offer this type of bonuses, it’s good to really this welcome bonus (especially considering that there are plenty of stores (like Lowe’s) that don’t offer this kind of bonuses). Once you have received your Old Navy credit card, you can make an order on Oldnavy.com with a 15% discount. Though, that order should be made within the 90 days after opening your account.

Considering that this first purchase discount is so generous, it is recommended for you to save money and not to buy anything at Old Navy before you sign up. Once you have got your card, you can make all the purchases that you wanted. This will help you to save a great deal of your money. The bigger purchases you make in the first place, the larger benefits you will get.

  1. You will enjoy even bigger bonuses if you are a big spender at Old Navy. Everyone who earns more than 5,000 points per year gets a Navyist status. This status unlocks a number of benefits, including making alterations on purchases made at Banana Republic for free, free shipping on online orders you make, and 20% dividends of rewards points that are charged to your card every quarter.

You start receiving those benefits only after you amass 5,000 points and qualify for this status. Then, you have to re-qualify for this Navyist status at the beginning of every next year. Considering that you need to have 5,000 points for this status, that implies that you have to spend at least $1,000 in the family of Gap stores every year.

  1. You may take advantage of the Old Navy Card Security Debt Cancellation Program. In short, the Old Navy credit card allows you to participate in a program that would cover your account balance for up to $10,000 in the case of an unexpected event, such as loss of life, nursing home stay, hospitalization, disability, leave of absence, and unemployment. However, you need to pay a monthly fee of $1.66 per each $100 of your account balance in order to enroll in this program. Thus, it is wiser to be rational, use your financial and caution, and not to spend your money on this kind of insurances.

Disadvantages of the Old Navy Credit Card

Obviously, every credit card has advantages and disadvantages. While the advantages of this Old Navy credit card were described above, this section contains the drawbacks of this card, as you should be aware of them. So, the drawbacks of this Old Navy credit card are the following ones:

  • Ridiculously high APR. Indeed, it almost always happens that the APR of store branded credit cards is high. But in the case of Old Navy credit card, we highly recommend you to shun credit funds, as the APR appears to reach 25%.
  • Rewards are not flexible. Even if you spend a lot and gained the Navyist status, your rewards will be limited to the ones that you can use only in the stores of Old Navy, Gap, and other stores of the Gap family. So, if you are looking for flexible rewards, this card is definitely not for you.

Is It Difficult to Get Approved by Old Navy?

While the credit score needed to apply for an Old Navy credit card tends to be relatively high, there are people who, reportedly, qualified for this card with the scores ranging from 550 up to 620. But, actually, it is recommended to have the credit score somewhere between 630 and 850. If you have a score like that, the chances are that you will easily qualify for the card.

Conclusion

This card from Old Navy will be suitable for all active shoppers of this chain of stores for sure. But it can be used even by occasional visitors of this chain, as it also gives pretty good rewards as for shopping at Gap and other chains of this family, so anywhere else – after all, 1% cash back on all the purchases you make is not bad at all. However, we highly recommend not to use your credit funds or, even if you use them, pay them on time – the APR is a way too high.

You can obtain more information about the credit card offers here.

Lowe’s Credit Card

Lowe’s, which is also known as Lowe’s Companies, Inc., appears to be one of the largest retailers of home improvement products in the United States. Similar as The Home Depot, the main rival of Lowe’s that beats this company, Lowe’s also offers to its customers to apply for Lowe’s credit cards. This article will help you get to know more about the Lowe’s credit card, as well as you will be able to assess whether it is worth to apply for it. Enjoy!

The Things You Need to Know About Lowe’s

Lowe’s appears to be the second largest retailer of home improvement products in the United States, whereas it is slightly beaten by the Home Depot. As of the present time, this company has more than 1,860 locations across the United States, Mexico, and Canada. The company is headquartered in Mooresville, North Carolina.

At the beginning of 2017, the company’s revenues exceeded $65 billion. At the same time, Lowe’s earned of a little bit more than $3 billion. The company also employs more than 265,000 workers, including the people that are employed by the Orchard Supply Hardware Rona, Inc., a subsidiary of Lowe’s. You can locate the closest Lowe’s stores (where you can apply for the Lowe’s credit card) on the following page: Lowe’s Near Me.

Basic Information About the Lowe’s Credit Card

The Lowe’s credit card, which is also known as the Lowe’s Advantage Credit Card, is aimed towards the people who frequently shop in the stores of this chain. Considering that shopping housewares and home improvement products may be costly in terms of both money and time, this Lowe’s Advantage Credit Card may seem as a good solution.

The Lowe’s credit card is a store branded credit card which is not connected to the networks like Visa and Mastercard, which means that you cannot use them elsewhere except the Lowe’s stores. Anyone who frequently shops at the Lowe’s stores may need to apply for such a Lowe’s credit card. Though, if you make shopping at the Lowe’s just a couple times per year, we do not suggest you to apply for this card – it would be quite useless and even harmful in such a case.

Lowe’s Credit Card

Indeed, the Lowe’s credit card comes with a good advantage: it has no annual fee that you have to pay. Yet, this store card – in a pretty same way as all other store cards – has a significant disadvantage that pretty limits the use of this credit card: it has a high APR (26.99%), which doesn’t give you much room to finance your projects. Though, there are other options for financing your projects with the Lowe’s credit card, and we will review them below. Besides, late payments can come with a fine of up to $38, which is also quite a lot.

It is also worth to note that there are two types of the Lowe’s credit card: a credit card for consumers and a credit card for businesses. Actually, the credit card for consumers is called the Lowe’s Advantage Card, and it allows you to benefit from it if you shop at the Lowe’s frequently. With this credit card, you can shop not only in the Lowe’s stores, but also on the Lowe’s website.

Advantages of the Lowe’s Credit Card

Obviously, one should apply for this credit card due to the certain benefits it brings to the card holder. At this point of our page, we will reveal the main benefits of this Lowe’s credit card, so you will be able to assess whether it is worth applying for this credit card. So, the most obvious benefits of the Lowe’s Advantage Credit Card are the following ones:

  1. A 6-month long special financing period. All the card holders of the Lowe’s credit card can apply for a 6-month financing period with 0% APR, if the purchase price is higher than $299. However, only those card holders are eligible to apply for this special financing period who will pay the full price within the first 6 months.

But if you apply for this special financing period and get it, you will not get the 5% off benefit (read lower about it). Besides, it is worth to stress the words “6 months” here. If you pay the sum later (even if it’s just one dime out of the entire sum), you will have to pay the 26.99% APR for the entire sum of the purchase and the entire period – the thing which is called “deferred interest.” Thus, you should apply for this special financing period only if you are confident that you are going to pay it in full within the next six months.

  1. You get a 5% discount off every day. Holders of the Lowe’s credit card can get 5% off the purchases or orders they make. The discount will be calculated after all other discounts and deals have been applied. Though, you must keep in mind that this discount doesn’t apply along with coupons, Lowe’s employee discounts or military discounts, special discount programs from Lowe’s, or Lowe’s low-price guarantee products.

In addition to that, the 5% off benefit is not applied to extended replacement or protection plans (warranties), gift cards, assembly, delivery or shipping changes, taxes or fees. Another thing to keep in mind is that this discount is not applied to certain brands, so we highly recommend you to check whether a certain brand is discounted before making any big purchases. Eventually, if you opt to get this 5% discount on the purchases you make, you will not be able to apply for 6-month long special financing period (read above).

  1. Project financing from Lowe’s. One of the main benefits of the Lowe’s credit card is an ability to apply for project financing options, as the company believes that there should be more options for financing big purchases. If you are going to make a purchase of more than $2,000, you may ask for a special project financing option.

Actually, you exactly need to ask for it at the time when you make a purchase – otherwise, you won’t enjoy this project financing feature. Once you have been accepted for this project financing, you won’t be able to take advantage of the 5% off benefit when completing this purchase.

You can apply for one of the following options of Lowe’s project financing:

  • 84 fixed monthly payments at 7.99% APR until it gets paid in full.
  • 60 fixed monthly payments at 5.99% APR until it gets paid in full.
  • 36 fixed monthly payments at 3.99% APR until it gets paid in full.

Though, the thing you should keep in mind about this project financing is that it doesn’t apply to the purchases you make on Lowes.com website, but only to the purchases you make in-store.

Additional benefits of the Lowe’s credit card include the following ones:

  • Special promotions that receive only the holders of the Lowe’s Advantage Cards.
  • Fraud prevention, i.e. the chain helps you to prevent the frauds that might happen with your credit card.
  • $0 annual fee, though this is common among branded store credit cards.

Disadvantages of the Lowe’s Credit Card

It is fairly obvious that any credit card has certain drawbacks – especially when it comes to branded store credit cards! There are certain aspects of using this card you should be aware of, and it’s better to use this credit card with caution. So, the Lowe’s credit card has the following drawbacks:

  • A ridiculously high APR. Indeed, almost all branded store credit cards have this drawback, but the APR of the Lowe’s credit card is even higher than the average APR of branded store credit cards. Typically, the APR of such cards doesn’t go even higher than 24%, but in many instances it’s lower than 21%. The advice about this is only one: pay your bills on time.
  • No options for cash advance. If you even took a project or usual loan and want to pay it off sooner than you expected, you can’t do it with this credit card. Or, it would be better to say, you can do it, but you will have to pay the interest as it was projected initially.
  • Very few credit card perks. This credit card, unlike many other branded store credit cards, has very few perks. So, you won’t enjoy such benefits like extended warranties, extended returns, free shipping and others.
  • Ridiculously high late fees. While some stores don’t charge late fees, the late fee of the Lowe’s credit card can be as high as $38!

Conclusion

After all, it is up to you to decide whether you need this Lowe’s credit card or not. But we highly recommend you to apply for this card only if you frequently shop at Lowe’s and/or you want to take advantage of its bonuses or financing. We also urge you to pay your bills on time, unless you want to pay paramount late fees and ridiculously high interest rate.

In addition, we also recommend you to get to know more about the Credit Card Generator and how to use it.

Kohl’s Credit Card

If you live in the United States, the chances are that Kohl’s stores have been located somewhere around your house. Kohl’s, an American chain of retail department stores, is popular among many Americans, and it shouldn’t be surprising that this company took a decision to issue credit cards to its customers. This Kohl’s Credit Card page will help you find out more about this credit card, learn about its advantages and drawbacks, get to know how to use the Kohl’s credit card properly. Enjoy the read!

What Is Known About Kohl’s?

Kohl’s is an American chain of retail department stores, which was founded back in 1962. The company appears to be headquartered in Menomonee Falls, Wisconsin. As of the present time, there are more than 1,155 stores scattered across the United States, and this company is present in every American State (except Hawaii). You can locate the closest Kohl’s store by making use of this Kohl’s Near Me page.

The key product lines of this company include housewares, electronics, beauty products, jewelry, furniture, bedding, footwear, and clothing. In 2016, the revenues of this company equaled to a little bit more than $18.5 billion. In the same year, the company received $556 million of income. The number of employees who work for this company exceeds 138,000.

Introduction to the Kohl’s Credit Card

The chain of Kohl’s stores is known in the first place for its generous deals and coupons – that is the thing that keeps the customers of this chain coming back. Yet, many people lament that the Kohl’s credit card is far worse than what the other stores offer. Moreover, the card seems to be not that much beneficial, when compared to the coupons stacking up. But we will dive deep into that in this page below.

Kohl's Credit Card

So, there is only one Kohl’s credit card, which is called as Kohl’s Charge Credit Card. Actually, it is a typical store card (like the Home Depot Credit Card, for example), which cannot be used elsewhere except of Kohl’s stores. Actually, the Kohl’s credit card appears to be a good choice for active shoppers of this chain, who want to take advantage of the reward structure and reasonable interest rates.

All in all, if you truly want to get the full potential out of this credit card, you will need to spend $600 a year. As it was said, this card is perfect for active shoppers. And now let’s look at what perks this card offers in detail.

Perks of the Kohl’s Credit Card

Before we will proceed further, it is worth to uncover the main perks and disadvantages of the Kohl’s credit card. Even though it was said earlier that the Kohl’s Charge Credit Card doesn’t offer as many perks as the cards of the company’s competitors, there are still reasons to apply for this card. And the following advantages give ground for applying for this card:

  • Sign-up bonus. Right after your application for the card has been approved, you (as a new card holder) will receive a 15% discount off one shopping trip’s worth of purchases.
  • “Most Valued” program. If you spend more than $600 a year, you become eligible to get a status of one of the Most Valued Customer. This status of the Most Valued Customer gives you many additional benefits and opportunity to save your money, as well as you will be able to enjoy extra offers and coupons.
  • Coupons. All holders of the Kohl’s Charge Credit Cards receive exclusive coupons 12 times per year. The customers that do not tend to be the card holders don’t have access to these coupons. Typically, the discounts are in a range from 15% up to 30%.

Drawbacks of the Kohl’s Credit Card

Indeed, you shouldn’t rush for the Kohl’s credit card, but, instead, you should reasonably assess its perks and drawbacks. At this point of our article, we will uncover the disadvantages of this credit card, and it is something that the holders of these credit cards lament about. So, the drawbacks of the Kohl’s credit card are the following ones:

  • Interest rate. When it comes to the matter of the interest rates, they always tend to be higher for store-only credit cards (as these cards are viewed by the banks as subprime cards). However, the Kohl’s card’s APR reaches the staggering number of 23.9%. But, even if you miss a payment (even for one day) just once, your APR will grow from 23.9% up to 26.9%. In order to give you a sense of reality, the majority of credit cards charge APR in a range from 13% to 18%.
  • Limited use of the card. Considering that the Kohl’s Charge Credit Card is a store card, this credit card, unfortunately, doesn’t have much use outside of the Kohl’s stores. Since those cards are not connected to larger networks like Mastercard or Visa, they cannot be used elsewhere except Kohl’s.
  • Lack of rewards. One of the most impudent disadvantages of this card card is a lack of rewards. For instance, all holders of the Kohl’s credit cards receive just 12 coupons per year, and this number doesn’t depend on how much and how often they spend. And even though you can become the MVC member and get extra bonuses after you spend more than $600 in a year, there is, unfortunately, no way of accumulating your shopping rewards in a form of cash back or points.

A Bit More About How the Bonuses Work

So, the first thing to mention is the Kohl’s coupons. Those are special coupons that are not available for other customers of Kohl’s, but only to the card holders. The card holders receive scratch-off coupons one per month via mail, and they typically feature such discount rates like 15%, 20% and 30%. Even though the company claims that the discount rates are chosen randomly, many customers claim that the more you shop at Kohl’s, the better discounts you get.

Another thing to mention here is the Kohl’s cash. Oftentimes, the company runs promotion campaigns, during which everyone who spends $50 in Kohl’s stores receive $10 coupons for that. Though, it must be pointed out that usually those coupons cannot be redeemed immediately in the shop. That was done with an aim to make the customer come back to the Kohl’s once again within a couple of days.

Recently, Kohl’s also launched the Yes2You Rewards program. Whenever you make purchases at the Kohl’s stores or online on the Kohl’s website, you receive points that can be later exchanged for coupons. Those coupons, in turn, you can use in the Kohl’s stores. Though, this program is not exclusive to the holders of the Kohl’s Charge Credit Cards – any customer of this company can participate in this program.

Is Getting a Kohl’s Credit Card Worthwhile For You?

Indeed, having the Kohl’s credit card makes your shopping in the stores of this chain far easier. So, even if it happened for you to forget both money and the credit card at home, your ID and account information will be checked, and you will be able to shop even like this. This makes the process of shopping at Kohl’s, indeed, quite smooth.

Another reason to apply for the Kohl’s credit cards are the discounts. And even though this credit card doesn’t offer much of what the credit cards from other stores may offer, the benefits are still quite obvious. If it happens to you to get a good coupon, you may buy a clothing item that costs just a fraction of the initial price.

Even though many things may seem smooth if you are a responsible shopper who doesn’t carry a balance, everything may get a bit complicated. Let’s suppose that you have got a worthy coupon with a 20% discount. Besides, you have also got an in-store $5 coupon that expires in two days, as well as you have a $10 Kohl’s Cash coupons to use. So, how much a particular product would cost at checkout? That’s quite a math you have to dedicate time to.

There is one more thing we warn you against, if you decide to apply for this Kohl’s credit card. We urge you to pay your credit off as soon as possible and be conscious about how you spend the funds from your credit line. Considering how high is the APR of the Kohl’s credit card, you shouldn’t fall on using it a way too much. Moreover, you should keep in mind that it if you get at least one your payment late, your APR will immediately grow. So, watch out!

Also, you can make use of our Credit Card Checker Tool.

Home Depot Credit Card

The Home Depot appears to be the largest retailer of home improvement products in the United States, whereas it tends to be slightly ahead of Lowe’s, its main competitor. Same as its rival, Home Depot also offers credit cards to its customers. Actually, the Home Depot Credit Card provides you with quite a few useful features you may take advantage of, and this guide will help you find out more about the cards from the Home Depot.

What Is Known About The Home Depot?

Even though the Home Depot was founded just in 1978 (long after the establishment of Lowe’s), it appears the largest retailer of home improvement products in the United States. As of the present time, the company has 2,274 locations in the United States, Canada, and Mexico. Its stores can be found in every American State, including Guam, the Virgin Islands, Puerto Rico, and the District of Columbia.

The key product lines of this company include garden supplies and plants, flooring, plumbing, paint, building materials, lumber, builder’s hardware, hardware, tools, and home appliances. As of 2016, the company employed more than 385,000 workers. In the same year, its revenues were equal to $88.51 billion, while the profit of the company exceeded $7 billion. You can locate the closest stores of this company with the help of this Home Depot Near Me page.

Is The Home Depot Credit Card Worth It?

First of all, it is worth to note that there are two major cards offered by The Home Depot: The Home Depot Consumer Credit Card and Home Depot Project Loan (the latter one is also as a card). The first card is a usual store card, which can be used only in the Home Depot stores and not anywhere else. The latter card is issued for consumers as well (not contractors) on specific projects, and they get a card to purchase all necessary equipment and goods for a certain project (read about it lower). That card can be accepted anywhere where Mastercard is accepted.

If you are a contractor or a professional looking for a credit card, it is better for you to stay away from these credit cards. Fortunately, The Home Depot provides options for contractors who frequently shop at The Home Depot. In order to apply for a commercial card, you need to come to one of the chain’s stores and ask for it. Actually, there are two types of cards you can apply for: The Home Depot Commercial Account Credit Card and Commercial Resolving Charge Card.

Home Depot Credit Card

Once you have received a commercial you, you will receive points on the purchases you make, and you will be able to discount your fuel bills with those points. For instance, if you have spent $5,000 at The Home Depot, you will get $5 per gallon off on the next purchase of yours. The Home Depot commercial credit cards also give you more flexibility, as you will enjoy a 60-day period when you won’t be charged an interest – that is much different from the customer’s cards that have a non-interest period of just 25 days.

The Home Depot Consumer Credit Card

Annual fee: $0.

APR for purchases: depending on your credit history, it may vary between 17.99%, 21.99%, 25.99%, and 26.99%.

Network: none (this card appears to be a store card).

Credit line: up to $15,000.

Financial offers: You may enjoy up to 24 months of financial during certain promotion periods.

This Home Depot credit card is, actually, the most basic credit card you can expect, and it appears to be similar to the usual store cards. Before you will keep reading further and decide whether to apply for this Home Depot credit card, we recommend you to consider (and keep in mind) the following aspects:

  • This credit card is good and worthwhile enough for financing your purchases at Home Depot.
  • You shouldn’t expect to get cash back rewards with this Home Depot credit card.
  • This Home Depot credit card wouldn’t be suitable for someone who shops at the Home Depot just a few times per year.

Essentially, the Home Depot Consumer Credit Card provides you with decent financing options, if you need to purchase goods from this chain of stores and don’t have money for them at the present time. Actually, having such a credit card is a fantastic opportunity for the people who frequently shop at the Home Depot and need a bit of room in order to pay back the money for expensive purchases.

Even though there is no other purpose these credit cards may be used for, it is recommended to weigh adequately and reasonably about the necessity of making such purchases. While the non-interest period of this Home Depot credit card is just 25 days, it doesn’t give much room to the consumers. As long as you have not paid the credit back within 25 days, the interest will mount up and can be staggering high.

So, in order to protect yourself from not well thought-out financial decisions, we recommend you to use this Home Depot credit card only for really big, expensive purchases. And even in such a case, you should consider this purchase as an investment, so you should calculate all the risks and how soon you will be able to pay it off. Don’t forget that, even though the average APR depends on your creditworthiness, the interest rates are still high and it may be not easy to pay a big purchase off.

All in all, The Home Depot Consumer Credit Card will be ideally suitable for people who responsibly pay their bills month-to-month. If you really don’t need financing to have some extra room but you rather want to enjoy cash back rewards and similar stuff, this Home Depot credit card is definitely not for you. In such a case, it would be better to look for other credit cards (from other companies). For instance, even 1% or 1.5% of cash back offered by the Chase credit cards is far better than what The Home Depot offers.

The Home Depot Project Loan

Annual fee: $0.

APR for purchases: 7.99%.

Network: Mastercard.

Credit line: up to $55,000.

Financial offers: Up to 84 months to pay off your purchases.

Unlike the previous credit card, The Home Depot Project Loan offers a far greater flexibility. If you are going to have an expensive overhaul or house remodeling soon, we recommend you rather to apply for the Home Depot Project Loan. There are numerous advantages that this loan offers:

  • Fixed and quite low APR, compared to the APR offered by The Home Depot Consumer Credit Card.
  • Credit line of up to $55,000.
  • You have up to 84 months to pay the money back.
  • You don’t bear any annual fees.

Thus, if you are going to have such an expensive project soon, you can apply for this project loan from the Home Depot. Once you have got approved by the company, you will receive a credit card that you will be able to use within the next 6 months. During the next 6 months after opening the account, you have to make all the necessary purchases for your project.

Once you have completed a purchase, you will have to pay an interest on the purchases you made. During the 6-month period, you will have to pay only interest for the purchases you made. Once that 6-month period expired, you will have to start repaying the credit body and interest. You will have up to 84 months to repay the credit. A good thing of this Home Depot credit card is that the APR is fixed and not so high: 7.99%.

What makes this Home Depot credit card especially worthwhile is that there is no penalty for prepayment. So, even if you collected money earlier and decided to pay off the credit, you can easily do it and avoid paying a bigger interest. The card issuer also makes these cards connected to Mastercard, so you can use them anywhere where is Mastercard accepted.

If you have decided to apply for this Home Depot Project Loan, you can do it any of the company’s stores. You have to keep in mind, however, that even though this project loan can be quite useful for long-term financing of big projects, you need to assess your incomes and capabilities adequately if you don’t want to run into financial problems.

And while the card doesn’t have as high APR as the usual credit cards, let’s consider it this way. If you take a $2,500 loan for 84 months, your monthly interest payment will be $39. This way, you will end up paying $776, which is almost a quarter of the original sum. And the larger is the loan, the bigger interest you will have to pay (well, in terms of money, but it will always stay as near a quarter of the original sum). So, you have to assess the risks adequately.

Besides, we also recommend you to get to know about the cards’ CVV code.

Citibank Credit Card

Citibank, one of the largest American banks, offers quite a good selection of credit cards to its customers. You can apply for any of the cards that are reviewed in this article either by phone call or in the offices of Citibank (find the offices on this page). There are quite a few Citibank credit card options on offer, so you may find a card tailored exactly for your needs. Enjoy the read!

Types of Citibank Credit Card

As it was already mentioned, there are quite a few Citibank credit cards. In this review of Citibank credit cards, we will uncover 3 most popular types of Citibank credit cards. Obviously, each of the cards is aimed towards a certain audience, so you will be able to choose the one that is tailored right for your needs.

Citibank credit card

Citi Secured Mastercard Credit Card

Annual fee: $0.

APR for purchases: 21.99%.

As a matter of fact, this one of the simplest and most straightforward credit cards on the market. Even though this Citi credit card gets often criticized for a complete lack of features, there are some instances when applying for this card may turn out to be quite good and beneficial. But, indeed, you can’t compare it with other cards offered on the market.

Even though this card may be more or less good for people who have a poor credit history and who want to build a good one, there are doubts whether one should apply for this card. Many observers stick to the point of view that even people with a poor credit history can do a lot better than applying for this City Secured Mastercard Credit Card.

And there is a pretty solid ground for criticism! Usually, credit cards of this type offer additional bonuses, such as rewards on the customers’ spending or features that help to build or re-build one’s credit history. This Citi credit card, unfortunately, does not offer anything of this. If you are looking for a credit card with a solid credit line, this card is not a good place to go either. Your credit limit will depend on how big security deposit (which may vary from $200 up to $5,000) you make.

The main advantage of this Citi credit card is just a possibility of getting a credit card itself if you have a too low credit score. Except of this, the card doesn’t come with any worthwhile benefits. Though, it must be mentioned that this credit card doesn’t charge an annual fee, which is not so common among secured credit cards.

The application process for this Citi Secured Mastercard Credit Card is quite simple. You come to an office of Citibank (check the closest one here) and submit an application form. Along with the form, you should also submit a security deposit in a range from $200 up to $5,000. After it, the bank will review your application. That security deposit will be tied to your account as a collateral, and you will receive it after 18 months if you have made payments on time.

There are a few things to consider before applying for this credit card. First of all, did you declare a bankruptcy within the last two years? If the answer is “yes,” then don’t try to apply for this card – you will be refused in either case. Another thing you must be aware of is that the bank will ask you to provide the proofs of any form of income, so the bank will be able to assess your liabilities and incomes.

Citi Simplicity Credit Card

Annual fee: $0.

APR for purchases: from 14.24% to 23.24% variable.

Credit card highlights:

  • Purchase protection.
  • Travel and rental car insurance.
  • If your card gets stolen, you have $0 fraud liability.
  • This card comes with the Citi Identity Theft Solutions feature.
  • Balance transfer costs either 3% of the sum or $5 (whichever is greater).

Unlike the previous Citi credit card, Citi Simplicity Credit Card offers quite many features to its holders. Yet, it’s not just those features that make this card so valuable among the customers, but its 0% introductory APR period that is among the longest ones offered by credit cards: 21 months. Once you have opened an account and received this Citi credit card, you get a 21-month long period with 0% APR on balance transfers and purchases.

This City credit card is also known as “No Late Fees Ever,” as this card implies that you will never bear any penalty APR or late fees. Considering that some other credit cards may charge you as much as $35 for late payments and raise your APR up to $29.99%, this feature of the Citi Simplicity Credit Card appears to be very useful and worthwhile. Though, other penalties (such as damage to your credit history) may still apply.

Even though this credit card truly justifies its name, the lack of features comes along with its benefits. If you are a customer who consistently pays on time and has no monthly balance, this Citi credit card has not that much value for you. Given such conditions, you would better opt to get other credit cards than this one.

One of the major reasons for someone to consider applying for this credit card is paying off debts that were amounted on other credit cards. Unfortunately, it happens quite often when a card holder accumulated too many debts and has to pay off the interest rate instead of paying off the debt. This is a situation in which the Citi Simplicity Credit Card may help.

Unfortunately, this Citi credit card loses all its attraction right after the 21-month long introductory period ends. Considering that there are no valuable reward or loyalty programs, the Citi Simplicity credit card is not that much useful then. Besides, transferring big balances becomes quite expensive then, as the transfer fee amounts to 3%.

Citi Diamond Preferred Credit Card

Annual fee: $0.

APR for purchases: 11.99%, 16.99%, or 21.99% variable.

Credit card highlights:

  • Purchase protection.
  • Travel and rental car insurance.
  • If your card gets stolen, you have $0 fraud liability.
  • This card comes with the Citi Identity Theft Solutions feature.
  • Balance transfer costs either 3% of the sum or $5 (whichever is greater).
  • 24/7 access to the personalized service of a concierge.
  • Access to ticket presales and preferred seatings.

Another useful Citi credit card that allows the customers to consolidate their credit and debts. Same as the previous credit card, Citi Diamond Preferred Credit Card is valued for its 0% introductory APR period that lasts 21 months, which appears to be among the longest introductory APR periods on the market.

But the thing that differs this credit card from the previous one is an ability to purchase pre-sale tickets and exclusive tickets with the help of the Citi PrivatePass feature. This means that the card holders have an ability to buy out in-demand tickets via the PrivatePass website, including tickets to comedy shows, music performances and many more.

One of the things you should keep in mind before applying for this Citi credit card is that this card (as the other cards from the Citi card family) focuses more on providing the customers with low APR and non-cash features, so you shouldn’t expect to receive any rewards on the purchases you make. But, as a part of the Citi credit card family, this card also offers such features like the purchase protection, travel and rental car insurance, theft insurance and zero liability, and a personalized concierge service.

Among other notable features of this card, it is worth noting that it comes along with an EMV, a chip that is needed for using your car in Europe and Asia. But even if you decide to go abroad, it is recommended to use any other card than this Citi Diamond Preferred Credit Card. The reason for that is quite simple: the transaction fees are quite high and are equal to 3%. So, if you were going about to make a purchase of $200 abroad, you would effectively pay $206. For that purpose, we recommend using the Citi Simplicity Credit Card that comes with no foreign transaction fees.

Considering that this card is also more focused on the introductory APR period, its long-term value is quite doubtful. There are no shopping rewards you may take advantage in the future, and that is the reason why you may consider applying for a different card. But, one way or another, the card tends to be very useful in the first 21 months. If you have a good credit history, you will enjoy the low 11.99% APR after the introductory period ends.

In addition to that, we also offer you to check out the best credit card offers.

Chase Credit Card

Chase Bank, the full name of which is JPMorgan Chase Bank, N.A., is an American bank that provides retail financial and card services. This bank is well-known for its retail business, as it offers quite a large number of various credit cards. This article will help you to choose the right Chase credit card for you, as it appears to be not that easy task. Our guide will help you navigate through various types of Chase credit cards, understand their features, advantages and disadvantages.

Types of Chase Credit Card

In this article, we will analyze and uncover the main 5 types of Chase credit cards. Indeed, each of them has certain advantages and drawbacks, and this article will help you make up your mind regarding which card would be suitable for you. We have to recommend you, however, to assess your needs and capabilities adequately – this will help you ensure to have a right card chosen.

Chase Credit Card

Chase Slate Credit Card

Annual fee: $0.

APR for purchases: from 16.24% to 24.99% variable.

Credit card highlights:

  • $0 balance transfer fee during the first 60 days after opening your account.
  • No penalty APR, which means that you will not get punished with a higher APR if you pay late.
  • 0$ introductory APR on balance transfers and purchases during the first 15 months.
  • Purchase and price protection.

What makes this Chase credit card stand out among others is its key perks: a 15-month period with zero percent APR and a 60-day introductory period, during which you will be able to transfer funds for free. Actually, these two features (especially the latter one) make this Chase credit card stand out among other similar products, available on the market. Simply put, this card will be perfectly suitable for individuals who are going to transfer large sums of money within the first 60 days.

Even though the 0% introductory period for balance transfers tends to be highly competitive, it comes at a cost. In particular, Chase Slate credit card allows its holders to enjoy a far shorter 0% introductory APR period – a 15-month long period is quite a low offer, given that other cards typically offer from 18- up to 24-month long periods.

There is a particular aspect that differentiates the Chase Slate credit card from other cards with an introductory free balance transfer period. While many of such cards become pretty useless after the introductory period ends, there is a reason for the customers of Chase to keep the Chase Slate credit cards. This card provides two very useful features to its customers: price and purchase protection.

Have you ever encountered a situation when a product you recently bought was sold on sale with a huge discount? The price protection feature from Chase Slate credit card means that if such an occurrence happens and you found the same product advertised for a lower price within 90 days after your purchase, Chase Bank will cover up to $500 of the price difference (up to $2,500 per year).

The purchase protection is a very useful feature either. If you have purchased a product and it was stolen or got broken (or some misfortune happened to it) within 120 days after the purchase, Chase Bank will reimburse its cost (up to $500 per claim and up to $50,000 in a year). After all, this Chase credit card also offers an additional warranty for the goods you purchase. If you have purchased a laptop with a 2-year warranty, Chase Bank will prolong it for a third year (though, this feature doesn’t work with warranties of 3 years or longer).

Chase Freedom Credit Card

Annual fee: $0.

APR for purchases: from 16.24% to 24.99% variable.

Credit card highlights:

  • Cash back rewards do not expire as long as your account is open.
  • You will receive a $150 bonus if you spend $500 on purchases in the first three months.
  • 5% of cash back in rotating categories every quarter.
  • Automatic 1% cash back on all other purchases.
  • 0% introductory APR during the first 15 months on balance transfers and purchases. After this period, the balance transfer fee is 5% with a minimum sum of $5.
  • No minimum to redeem your cash back rewards.

The Chase Freedom credit card appears to be among the best ones with no annual fee. Actually, there are several reasons to consider applying for this Chase credit card. First of all, an introductory $150 bonus (if you spend $500 within the first three months) is quite a good incentive. Secondly, you get a 5% cash back on the rotating categories that you choose.

However, there is a downside to this card as well. While you get a cash back of 5% on the categories you choose, you are left with just 1% of cash back on all other categories – that is far lower than what other cards offer.

Cash back of this card works in a following way: Chase chooses specific retail brands or product categories that fall under its 5% cash back program every quarter. Once you have done it, you will be able to purchase goods of those categories with a 5% cash back, which may be up to $1,500 (so you can get $75 of cash back).

Chase Freedom Unlimited Credit Card

Annual fee: $0.

APR for purchases: from 16.24% to 24.99% variable.

Credit card highlights:

  • Cash back rewards do not expire as long as your account is open.
  • You will receive a $150 bonus if you spend $500 on purchases in the first three months.
  • Automatic 1.5% cash back on all other purchases.
  • 0% introductory APR during the first 15 months on balance transfers and purchases. After this period, the balance transfer fee is 5% with a minimum sum of $5.
  • No minimum to redeem your cash back rewards.

This Chase credit card is among the best performing cards on the market. When having this card, you get a 1.5% cash back on any purchases you make (which is far higher than the market average) and a solid bonus of $150 (if you spend $500 within the first three months). Both of these perks make this Chase credit card especially lucrative. Besides, it belongs to the Chase Ultimate Rewards family of cards, which means that the cards can be paired in order to get additional benefits.

In view of the written above, Chase Freedom Unlimited Credit Card will be perfectly suitable for the holders of Chase Sapphire Preferred Card or people who want to receive rewards for their varied spending. On the other hand, we don’t recommend to apply for this card for those people who want to use it outside the United States. Also, people who have applied (and receive them) for 5 or more cards within the last 2 years shouldn’t apply for this card either. This Chase credit card can be obtained only via a phone call to the Chase Bank or in one of its offices.

Chase Sapphire Preferred Credit Card

Annual fee: $0 during the first year, $95 during the next years.

APR for purchases: from 17.24% to 24.24% variable.

Credit card highlights:

  • No travel restrictions or blackout dates.
  • No fees for foreign transactions.
  • The program that allows you to collect points and redeem them during your travels.
  • Extra deals on cruises, car rentals, hotels, and airfare.

This Chase credit card is ideal for travelers, whereas it offers high rewards on dining and travel. For instance, you will earn 50,000 bonus points if you spend $4,000 within the first three months. Later, those 50,000 bonus points can be redeemed during your travel, and those bonus points are worth $625. Besides, you will earn twice as much bonus points during your travels and while dining in restaurants. Besides, this card is a part of the Chase Ultimate Rewards program, so you can combine it with other cards.

On the other hand, you will have to pay an annual fee of $95 after the intro period (the first year) ends. This makes this card barely valuable for those people who spend less than $10,000 per year and rarely travel. Yet, Chase Sapphire Preferred Credit Card tends to be a perfect choice for reward maximizers, whereas it offers a broad array of lucrative deals and options.

Chase Sapphire Reserve Credit Card

Annual fee: $450.

APR for purchases: from 17.24% to 24.24% variable.

Credit card highlights:

  • No travel restrictions or blackout dates.
  • The program that allows you to collect points and redeem them during your travels – you receive quite more points than with Chase Sapphire Preferred.
  • Extra deals on cruises, car rentals, hotels, and airfare.
  • Access to more than 1,000 lodges at airports after you enroll once in the Priority Pass Select.
  • $300 Annual Travel Credit charged to your account as a reimbursement for purchases made on travels.

This Chase credit card is, perhaps, the best card issued by this bank. Indeed, its annual fee is $450, but it’s pretty worth it. Even though Chase Sapphire Reserve Credit Card also offers the customers to get extra bonus points for their purchases during travels and for dining at restaurants, the customers get x3 (instead of x2) bonus points! All other bonuses that enjoy the holders of the Chase Sapphire Preferred Card are also applied here (described above).

All in all, this Chase credit card can deservedly be named among the best credit cards by the Chase bank. Individuals who want to maximize their rewards and often travel can apply for this card right away. Yet, this card is not good enough for those people who are looking to take advantage of many elite and brand-exclusive perks.

Also, we recommend you to explore other credit card offers.

Best Buy Credit Card

Best Buy, an American multinational conglomerate, focuses on selling consumer electronics. Actually, this electronics retailer appears to be among the most popular in the United States. That is not surprising that it also offers its customers to take advantage of the Best Buy Credit Card. If you are a frequenter to Best Buy, you may, indeed, consider applying for the Best Buy Credit Card. This article will help you in analyzing all the risks, advantages and drawbacks, as well as you will gain all necessary information about this company and the credit cards it offers.

Things To Know About Best Buy

Best Buy is an American retailer of electronics, which has more than 1,000 stores in the United States and Canada. Yahoo Finance described Best Buy as the largest specialty retailer of electronics in the United States. The company is headquartered in Richfield, Minnesota, while having number of employees more than 125,000.

Best Buy has often appeared in the numerous ratings of the best retailers in the United States. Its annual revenues exceed $44 billion, while the profit almost reaches $1 billion per year. All this makes an idea of applying for a Best Buy credit card quite lucrative. If you wish to apply for a Best Buy credit card, you can do it in one of the company’s stores that can be located with the help of this page.

General Information About the Best Buy Credit Card

Purchase rate (APR for purchases): 26.49% variable.

Cash advance rate: 27.24% to 29.24% variable.

Annual fee: depending on your credit history, it may be anywhere from $0 up to $59.

Minimum interest: $2.

Interest-free period: up to $2.

The requirements needed to match in order to apply for the card:  being 18 years old, having the minimum credit score as Fair (660-699).

Late payment fee: $38.

Cash advance fee: $10 or 5% of every cash advance (the one that is greater gets chosen).

Best Buy Credit Card

The first thing you should know before applying for the Best Buy credit card is the following fact: there are two credit cards from Best Buy. Those credit cards from Best Buy include:

  • My Best Buy Credit Card.
  • My Best Buy Visa.

While the first credit card can be used only in Best Buy stores, the Visa credit card from Best Buy allows you to use it anywhere where Visa cards are accepted. Anyone reading these lines might ask a question “Who may need to apply for a Best Buy credit card?” Well, the answer for that question is pretty straightforward: anyone who is a frequent shopper at Best Buy may consider applying for this credit card. If you don’t shop frequently in the stores of this chain, we can only recommend you to stay away from the Best Buy credit cards.

Best Buy Credit Card Benefits

Obviously, there are some pretty good benefits that can be obtained from using a Best Buy credit card. At this point of our Best Buy credit card review, we will just uncover them slightly, while more detailed comments will be given at the end of this article. So, the following are the benefits of using a Best Buy credit card:

  • Sign-up offer. Within 14 days after opening your account at Best Buy, you can enjoy a special sign-up offer, which provides you with a cash back of 10%. If you are planning to make an expensive purchase, we recommend you to apply for the card before it.
  • Cash back from Best Buy. Whenever using this credit card, you will be able to accumulate points – 2.5 points for every dollar spent at Best Buy (regardless whether it was spent online or in-store). Once you have accumulated 250 points, you can exchange them for a $5 worth reward certificate. This roughly gives you 5% of cash back. If you are an Elite Plus member of the company’s loyalty program (see lower), you will enjoy 6% of cash back – this figure can barely be matched by any other credit card issuer.
  • Cash back in other places. If you have got a Best Buy Visa credit card, you will also enjoy 2% of cash back on grocery products and 1% of cash back on all other expenditures. Though, you have to keep in mind that those rewards can be redeemed only in a form of the Best Buy reward certificates.
  • Best Buy loyalty program. Once you have received a credit card from Best Buy, you will automatically be enrolled in the company’s loyalty program. Depending on how much you spend in a year, you will be able to enjoy an even bigger number of benefits.
  • Flexible financing. Instead of accumulating the points for cash back, you can (for larger purchases) opt to enjoy a financing period without interest, which may last anytime from 6 months up to 24 months.

Disadvantages of the Best Buy Credit Card

Even though Best Buy credit cards may offer pretty solid perks, obviously there are disadvantages you should be aware of. This part of our review focuses more on the disadvantages of this card, so you will know what to expect from the Best Buy credit card. So, the disadvantages of this card are the following ones:

  • Annual fee. Even though the usual Best Buy credit card (not Visa’s) rarely charges an annual fee, the case with the Best Buy Visa card is quite different. Based on your credit rating, you will have to pay either $0 or $59 annual fee for the Visa card.
  • Cash back is not that simple. Cash back figures are fairly good at Best Buy, but not everything is as simple as it may seem at first sight. First of all, 5% (or 6%) of cash back is given to you only in a form of the Best Buy reward certificates, so you can’t spend them elsewhere except of Best Buy. The other thing is that those reward certificates expire just within 60 days after their issuance.
  • High APR. As of the present time, the APR of the Best Buy credit cards appears to be among the highest in the market, being equal to as high as 26.24%.
  • Deferred interest. This is the most serious problem when you get to use a Best Buy credit card. If you have got a 12-month interest-free period for a major purchase and have not succeeded to pay the credit on time, you will have to pay all the interest on the entire sum of the credit – regardless of how much you have paid out before!

Advantages of the Best Buy Credit Card In Detail

At this point of our guide, we will just review the benefits of this credit card more thoroughly. Enjoy!

Cash Back

As it was pointed out above, with any of these two cards you get from 5% to 6% of cash back on the purchases you have made at Best Buy. Considering that many other retailers offer just 2% or 3%, 5% sounds like really a lot.

Yet, you have to be aware that the funds you receive in a form of reward certificates. If you have not used your points in 12 months, they are likely just to be written off. If you are not an Elite or Elite Plus member, your reward certificates are valid only for 60 days.

The 18-Month Financing Period

As it was stated above, you will be able to choose between cash back you may receive in points and a long-term financing, which may last from 6 up to 24 months. Most usually, the financing period appears to be 18-month long.

Sometimes, getting a financing period may be more beneficial than getting a cash back – especially when you can’t pay for a device outright. For instance, for a laptop worth $1,500 you will receive only $75 cash back, while the interest rate for a 6-month long credit would exceed $125. There is no need to say what is more beneficial, right?

Varying Zero-Interest Offers

Regardless whether you are going to choose a cash back or an 18-month long interest-free period, Best Buy will also make you exclusive offers. For instance, it often offers special deals on appliances, smartphones, laptops and other devices. Most of them come with a 0% interest rate and have their own conditions and terms. Such deals are usually changed on a bi-monthly basis.

Best Buy Loyalty Program

Once you have received a Best Buy credit card, you will automatically be enrolled in its loyalty program. If you spend more than $1,500 in a year with your card, you will become the Elite member of the loyalty program. If you succeed to spend $3,500 in a year, you will become the Elite Plus member. If you have a Best Buy Visa credit card, you can spend that money anywhere. With a usual Best Buy credit card, you can spend them only in Best Buy stores.

There are some perks, indeed, that the Elite and Elite Plus status offers.

The Elite status offers the following advantages:

  • Free shipping
  • Dedicated Elite customer service line
  • 30-day return window.

The Elite Plus status offers the following perks:

  • Free 2-day shipping
  • Dedicated Elite customer service line
  • 45-day return window
  • 6% cash back for purchases made at Best Buy.

Besides, you can find out about the credit card offers on this page.

Amazon Credit Card

During the last years, Amazon flooded the market with numerous credit cards, and the customers immediately rushed for them. Even if the Amazon credit card is right for you, you should get to know which credit card you need before applying for it. This page will help you find out more about the Amazon credit card (i.e. the different types of the cards), assess whether you need it and which credit card from this company you may need.

What Is Known About Amazon?

Before getting to know the necessary information about the Amazon credit card, one should get an idea of what is the Amazon Company. Even though the company was founded just back in 1994, nowadays Amazon appears one of the largest companies in the world. It employs more than 556,000 workers, while it serves customers worldwide.

The company is known in the first place thanks to its internet service – and that is not a surprise, as it was founded as an internet merchant of books. Nowadays, however, the range of Amazon product lines is barely limited, as you can purchase almost any goods you need in this marketplace. While the net income of this company exceeds $3 billion, its revenues exceed $177 billion. As of 2017, Amazon was the world’s fourth largest capitalized company, having this indicator surpassed $560 billion. Besides, here you can see a guide how to get employed by Amazon.

Who Needs to Consider Applying for an Amazon Credit Card?

Before you will proceed to this overview of the Amazon credit card further, you need to get to know whether there is anything advantageous for you at all. So, you may consider applying for an Amazon credit card if:

  • You are a frequent shopper at Amazon.com.
  • You want to benefit from discounts and cash back in drug stores, gas stations, and restaurants.
  • You want to receive an Amazon.com gift card bonus.
  • You wish to have to have a credit card with a zero annual fee.

Amazon Credit Card

Types of the Amazon Credit Card

As it was previously mentioned, there are various types of Amazon credit cards. At this point of our guide, we will reveal the bonuses and reward of every type of the Amazon credit cards, so you will be able to analyze what’s more advantageous for you. The overview starts with the most basic Amazon credit card and ends with the premiere credit card of this company.

Amazon.com Store Card

Annual fee: None.

Sign-up bonus: $10 provided as an Amazon.com gift card.

Variable APR for purchases, balance transfers: 26.99%. for purchases, not eligible for balance transfers.

Rewards: Zero-interest funding for different types and amounts of purchases.

Additional Benefits: None.

The Amazon.com store card is the most basic credit card available on Amazon, which offers you to benefit from zero-interest purchases on Amazon and elsewhere. Even though all Amazon cards tend not to charge annual fees, other cards require users to be the Amazon Prime members, which costs around $99.99 per year.

In order to apply for the Amazon.com store card, you need to be a resident of the United States. Also, you should be older than 18 years old, have an ITIN (Individual Taxpayer Identification Number) and an SSN (Social Security Number). You are likely to receive a response as soon as in 30 seconds. But if it took more than 2 weeks and your application hasn’t been reviewed yet, Amazon recommends you to call to the Synchrony Bank, which appears to be the issues of this card. It is also worth to note that this store card doesn’t have an expiration date, so you may not worry about reissuing the card. This card, however, can be used only at Amazon.com.

Amazon.com Prime Store Card

Annual fee: None.

Sign-up bonus: $10 provided as an Amazon.com gift card.

Variable APR for purchases, balance transfers: 26.99%. for purchases, not eligible for balance transfers.

Rewards: You can choose between 5% of cash back as a statement credit or zero-percent financing for purchases of any amount and type.

Additional Benefits: None.

Actually, this is the pretty same Amazon credit card that has been described above, but it has one important difference: only Amazon Prime members can apply for this card. As it was mentioned above, the Amazon Prime membership costs around $99.99 per year and provides extra bonuses, such as an ability to watch streams and videos or get fast and free delivery from Amazon. Thus, if you want to invest in the Amazon Prime membership solely for getting this card, you need to spend at least $1,980 per year in order to get it paid off.

The Amazon.com Prime store card is also issued by the Synchrony Bank and doesn’t have an expiration date. When having this credit card, you can actually choose between getting zero-percent financing for purchases or 5% of cash back on all purchases made on Amazon.com. Obviously, the majority of holders fall for the second option.

5% of cash back on your Amazon.com purchases are added to your balance every time: if  you have made a purchase on Amazon.com today, the latest time when the cash back bonus will be delivered to you is midnight. It is worth to note that if you decide to cancel the Amazon Prime membership anytime, you will be able to keep using this card as a usual Amazon.com store card. Same as the previous credit card, this card can be used only at Amazon.com.

Amazon.com Rewards Visa Signature Card

Annual fee: None.

Sign-up bonus: $50 provided as an Amazon.com gift card.

Variable APR for purchases, balance transfers: from 15.24% to 23.24%.

Rewards: 3% cash back on purchases made at Amazon.com and Whole Foods Market, 2% cash back on payments in drugstores, gas stations and restaurants, and 1% cash back on all other purchases.

Additional Benefits: Visa Signature Concierge service, Visa Signature Luxury Hotel Collection deals, Purchase protection and extended warranty, baggage delay insurance, lost luggage reimbursement, travel accident insurance, no fees on foreign transactions.

Unlike the previous two types of the Amazon credit card, the other two types (including this Amazon.com Rewards Visa Signature card) are real credit cards that can be used elsewhere, not just on Amazon.com. I.e. this card is accepted anywhere where Visa cards are accepted. The card is offered by the Chase Bank and, if you have a good credit score, you may be instantly approved. The application review process by the Chase Bank takes from 2 to 4 weeks.

As you can observe, this Amazon credit card offers ample opportunities for you. With it, you are able to enjoy a lower variable APR for purchases. Though, it must be pointed out that if you add the funds to your account within 21 days after completing a purchase, you will not be charged an interest for credit.

Anyone who frequently shops on Amazon is eligible to apply for this credit card, and he/she will not be charged for its issuance or any annual fees. The card is a relatively new one, as it was launched just at the beginning of 2017, but has already gained popularity among users. And that’s not a surprise, as it is, despite being free to issue and maintain, offers a solid cash back on all purchases. In addition to that, you shouldn’t forget that there are numerous benefits offered by this Visa credit card, and it will be perfectly suitable for you if you are an active traveller.

Amazon.com Prime Rewards Visa Signature Card

Annual fee: None.

Sign-up bonus: $70 provided as an Amazon.com gift card.

Variable APR for purchases, balance transfers: from 15.24% to 23.24%.

Rewards: 5% cash back on purchases made at Amazon.com and Whole Foods Market, 2% cash back on payments in drugstores, gas stations and restaurants, and 1% cash back on all other purchases.

Additional Benefits: Visa Signature Concierge service, Visa Signature Luxury Hotel Collection deals, Purchase protection and extended warranty, baggage delay insurance, lost luggage reimbursement, travel accident insurance, no fees on foreign transactions.

Same as the previous Amazon card card, this card can also be used anywhere where Visa cards are accepted. However, one must point out that this card offers equal (and even better) benefits. In a same way like the ordinary Amazon Visa card, this card offers protection during travelling, extra hotel deals, and prime-quality Visa service.

Yet, only users who are the members of Amazon Prime can apply for this credit card. Unlike the usual Amazon Visa credit card, this card offers cash back of 5% on all purchases made at Amazon.com. But if you are an Amazon Prime member, there is no reason why you shouldn’t apply for this credit card.

After all, our website also gives you an opportunity to utilize the Credit Card Generator.