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Best Store Credit Cards for Bad Credit: Having bad credit can make it difficult to get approved for credit cards. However, store credit cards may be an option for those with a less-than-perfect credit history. These cards can help you rebuild your credit while also providing benefits like discounts, rewards, and special financing offers. In this article, we’ll explore the best store credit cards for bad credit.
Best Store Credit Cards for Bad Credit
Capital One Walmart Rewards Card
The Capital One Walmart Rewards Card is a great option for those with bad credit who shop frequently at Walmart. This card offers 5% cash back on purchases made on Walmart.com and in the Walmart app, as well as 2% cash back on purchases made in Walmart stores. You’ll also earn 2% cash back on gas purchases at Walmart and Murphy USA fuel stations, and 1% cash back on all other purchases. There’s no annual fee for this card, and you can qualify for a credit limit increase after just six months of responsible use.
Target REDcard Credit Card
The Target REDcard Credit Card is another store credit card that’s great for those with bad credit. This card offers 5% off on all purchases made at Target, including in-store and online purchases. You’ll also get free shipping on most items when you shop online at Target.com. There’s no annual fee for this card, and you’ll get an extra 30 days to return purchases when you use your REDcard.
Kohl’s Charge Card
The Kohl’s Charge Card is a good option for those who shop at Kohl’s frequently. This card offers discounts throughout the year, as well as special offers and coupons for cardholders. You’ll also earn rewards points for every dollar you spend, which you can redeem for merchandise, travel, and more. There’s no annual fee for this card, and you’ll get extra savings offers throughout the year.
Amazon Store Card
The Amazon Store Card is a great option for those who shop frequently on Amazon. This card offers 5% cash back on all purchases made on Amazon.com if you have a Prime membership. If you don’t have a Prime membership, you’ll still earn 3% cash back on Amazon.com purchases. There’s no annual fee for this card, and you’ll also get special financing offers on select purchases.
FAQs
Can store credit cards really help me rebuild my credit?
Yes, store credit cards can help you rebuild your credit if you use them responsibly. By making on-time payments and keeping your balances low, you can improve your credit score over time.
Are there any drawbacks to using store credit cards?
Store credit cards typically have higher interest rates than other credit cards, so it’s important to pay off your balance in full each month to avoid accruing interest charges.
Can I use store credit cards at other stores?
Generally, store credit cards can only be used at the store or chain of stores they’re affiliated with. However, some store credit cards, like the Amazon Store Card, can be used on other websites if they accept Amazon Pay
Final Words
Store credit cards can be a helpful tool for those with bad credit who want to rebuild their credit and save money on their purchases. When choosing a store credit card, be sure to consider the rewards and benefits offered, as well as the interest rate and any fees associated with the card. With responsible use, a store credit card can be a valuable addition to your financial toolkit.
