Store Cards



Store cards are credit cards issued by retailers. Many store cards may only be used to purchase goods and services from the retailer that has issued them. Retailers operate store cards as part of their customer loyalty schemes.

Before signing up, you should compare store cards using the following top 10 tips.

  1. An initial discount may be a good deal - but it will depend on how quickly you pay off the balance.
  2. Be APR (annual percentage rate) wise - just how much will you pay on an un-cleared balance?
  3. Is there is an interest-free period? When does it end and what will the interest rate be afterwards?
  4. Check all details of the agreement - APR, interest free period, penalties for default and late payment - and don't be afraid to ask questions.
  5. Remember to consider carefully the costs and benefits of any Payment Protection Insurance (PPI) offered. It is optional and will cost you money.
  6. Compare with other ways to pay.
  7. A store card can be a serious credit commitment for which you may need to budget.
  8. Beware of pushy sales staff and don't be lured into taking out a store card you don't want.
  9. There is no need to sign on the spot - if in doubt, take the agreement away, read it and seek advice on it before you sign.
  10. If you get into payment difficulties, don't panic! Talk to the lender as soon as possible.