The Top 6 Store Credit Cards: Winter 2013

Target REDCard

Target REDcardThe Target REDCard is a generous store credit card packed with perks and savings for card members!

Noteworthy Card Features

  • $0 annual fee
  • An immediate 5% discount on almost all Target purchases online and in-store
  • Free shipping on all online orders
  • An extra 30 days for returns


  • The APR is high at 22.9%, though this is the norm for retail credit cards, so don't miss payments.
  • The card can't be used anywhere else.
  • 5% discount can't be used on prescriptions, clinic services, eye exams, or Target gift card.

TrueEarnings® Card from Costco and American Express

TrueEarnings-American-Express-Costco(Update 3/11/14: "Noteworthy features" bullets updated.)

Costco is notorious for its no credit card policy, and shopping there can be a pain if you don't want to use cash, a debit card, or write a check. However, Costco does accept one card -- the branded TrueEarnings Card from Costco and American Express.

Noteworthy Features

  • $0 annual fee
  • 3% Cash back at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1%
  • 2% cash back at US restaurants; 2% cash back on eligible travel purchases, including at Costco; 1% cash back on other purchases, including at Costco
  • The Two-In-One Card: it's an American Express® Card and Costco membership Card, with no annual fee for Costco members


  • Cash back rewards are given once a year in the form of a coupon, to be redeemed at Costco for cash or merchandise.
  • APR: 15.24% variable
    Penalty APR: 27.24% (variable)
    Cash Advance APR: 25.24% (variable)

Gap Rewards Card

unnamedThe Gap Rewards Card is applicable to its family of stores, including Gap, Old Navy, Banana Republic, Athleta, and Piperlime, and comes with many noteworthy features for interested customers.

Noteworthy features

  • $0 annual fee
  • For every dollar spent at any of the Gap's family of stores, you'll receive 5 points, and when you've accumulated 1,000 points you'll receive a $10 gift certificate.
  • The first purchase made will give you 20% off and double points.
  • As a cardmember, you'll get exclusive coupons, early sales alerts, and birthday discounts.
  • 10% off at Gap, Old Navy, and Piperlime every Tuesday.
  • After spending $800 in a year, you'll get free online shipping for every purchase, and a 15% off "Choose Your Own Sale Day" coupon.
  • You can opt to get the co-branded Visa card to make purchases at any store you want, and will earn one point per $1 spent on non-Gap purchases.


  • A high interest rate or 23.99-24.99%.
  • Reward points expire after 2 years, so don't sit on redeeming them.


Amazon Rewards Visa Card (Chase)

amazon+visaThe Amazon Rewards card makes shopping a steal, adding incredible value.

Noteworthy Features

  • $0 annual fee
  • Receive a $50 gift card after signing up.
  • 3 points for every dollar spent on Amazon and after you've accumulated 100 points, you receive a dollar to spend at Amazon.
  • Can be used elsewhere -- 2 points for every dollar spent at gas stations, restaurants, and drugstores and 1 point for every dollar spent everywhere else.
  • Points are not capped, nor do they expire.


  • Need to spend a lot to get 100 points, which only add up to a $1 savings, but there is the potential to rack up points depending on your shopping profile.
  • APR ranging between 14.24% and 22.24%

Kohl's Charge Card

kohls-charge-credit-cardThe Kohl's credit card is actually a charge card, not a credit card. However, card members do get generous rewards and benefits.

Noteworthy Features

  • $0 annual fee
  • Two 15% off coupons given after signing up
  • 12 discounts ranging between 15% to 30% off all merchandise given throughout the year
  • After spending $600 per year, receive an additional six discount coupons.


  • Can't be used elsewhere.
  • Charge card means you pay in full.

Lowe's Consumer Store Credit Card

lowesThe Lowe's card is great for DIY-ers and home improvement junkies.

Noteworthy Features

  • $0 annual fee
  • 5% off every purchase.
  • Finance purchases of $299 or more at 0% APR for six months.
  • 5.99% financing with fixed payments for 84 months on purchases over $3,500.


  • 5% discount can't be combined with Lowe's coupons or military discount.
  • 5% discount not applicable on services, gift card, or certain high-end appliance brands.
  • Will need to do a lot of calculations to figure out which savings option will be best for you.