Woman Paying for Purchases
Alamy
"Would you like to save an extra 10 percent today?"

We've all been offered store credit cards in exchange for an instant discount. For years, my answer was an automatic no. Who needs all those extra cards cluttering up their wallet ... and their credit report?

But it turns out that some of these cards really can be worthwhile for frequent shoppers, with many offering extra savings, lots of rewards, and perks like free shipping on online purchases.

Good credit, plus the ability (and discipline) to pay the bills in full each month, are the key to getting the benefits out of these cards -- otherwise their higher interest rates will quickly erase the savings. And even if you possess both of those attributes, you don't want to go crazy signing up for store cards; it's best to choose just one or two from stores you shop at often enough to rack up real savings.

So if, like me, you find yourself at Target (TGT) every weekend, are all too familiar with Amazon's (AMZN) one-click buying option, and have kids who outgrow their Old Navy jeans every six months, then consider these store-branded card options.

Note: Credit card companies are wily, and sometimes offer different deals to different customers, depending on factors like whether you're a current customer or how often you visit the store's website. The information below is based on the offers we received; if you see less favorable offers, give the company a call and ask for the better deal!



Motley Fool contributor Robyn Gearey owns shares of Amazon.com. The Motley Fool recommends Amazon.com. The Motley Fool owns shares of Amazon.com. Try any of our Foolish newsletter services free for 30 days.

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raydioaktivman

I get groceries at Target Superstores, and their 5% off cannot be beaten. For Amazon, you might want to get a Blue Cash card, buy Amazon gift cards at the grocery store, and use those to shop at Amazon. Blue Cash will give you 3-6% off on the cards since their coded as groceries :)

March 29 2014 at 3:37 PM Report abuse rate up rate down Reply
Shelly Lynn

If more people would only purchase what they can afford to pay off when the bill arrives, they would not be in debt. Try it. I will never pay interest on anything.

October 21 2013 at 1:21 PM Report abuse +1 rate up rate down Reply
eloise

I have a Fred Meyer/Krogeer cqrd that has great benefits. For every $100. spent I get .15 cents discount on every gallon of gas purchased at their stations. Plus casn back and a variety of coupons. Works for me.

October 20 2013 at 9:59 AM Report abuse rate up rate down Reply
jeviga

I never charge more than I can afford to pay 100% of the bill when the biill arrives...
I have never paid one nickel of interesst on a credit card and dont ever plan to...
Rule#1.....If you cannot afford it DON'T buy it....

October 20 2013 at 9:46 AM Report abuse +1 rate up rate down Reply
Kay

I do not like charge cards. I do have a Visa card through my credit union which offers a decent rate, plus I can have it deducted from my savings when I use it and I don\'t have to pay any interest! I also opened a Kohl\'s charge which I love because I can use it and pay it off at the same time and not pay any interest. I would never use a Target charge. If you purchase something there, or receive a gift from someone that needs to be returned, all you can do is get a store credit. If I can\'t find anything to spend the store credit on I am stuck with nothing! At least at Kohls I get my money back in the form of a credit and if I do not use that credit in a certain amount of time, they will send me a check for the amount I am due!

I have seen too many people get into trouble with charge cards, including my former husband! He was using charge cards that I wasn\'t even aware of and because he worked afternoons and I worked days, he could get the mail before me and I NEVER saw the statements! I also have other family members who have gotten into financial trouble because of using charge cards! Most of the time if I can\'t afford to pay with cash, then I don\'t feel that I really need the item!

October 19 2013 at 9:12 PM Report abuse rate up rate down Reply
donovansdanes

Free shipping is nice. But on the other hand if you do need to pay a reasonable shipping charge,keep in mind all the time and money you've saved in fuel, driving time and looking for a parking spot. How much does it cost to fill your gas tank v.s how much are the shipping cost?

October 19 2013 at 9:00 PM Report abuse rate up rate down Reply
donovansdanes

So one needs to spend $200.00 in order to get $10.00 And or save an extra 10% on Tuesdays?

Well if you take into consideration that most retail merchandise is usually marked up 200% in the first place. Neither of these bargain saving offers are truly a bargain when you do the math.

October 19 2013 at 8:48 PM Report abuse rate up rate down Reply