Easy to get and pushed by pretty much every major store out there, store credit cards can be a good thing for those looking to build or rebuild their credit. Almost all offer discounts or rewards of some sort, but not all are created equal, either in the rewards they feature or the interest rates they charge. Credit.com has a list of the top five store credit cards out there. Number one? Kohl’s:
This department store offers a 20% discount on a customer’s next order when they open an account, which is above average for such offers. In addition, a 15%-off coupon will also arrive in the mail with the new card, plus 12 more discounts of 30%, 20% or 15% every year. Furthermore, those who spend $600 a year or more at Kohl’s stores will become a Most Valued Customer (MVC) and receive at least 18 discounts a year. So even though it doesn’t offer rewards points for each purchase, it offers plenty of more valuable coupons, which can even be combined with other offers. There is no annual fee for this card.
See all recommended store cards in this Yahoo! Finance article.
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