Which should you Choose – Credit Cards or Store Credit Cards

The difference between a major credit card and a store credit card would be to make the consumer understand the difference between making decision on which line of credit would be best suitable to their needs and requirements. In a majority of situations, because of higher rates of interest charged by a majority of store-specific cards, it would be best for budget-conscious people to let go of those accounts in favour of major credit card.

General availability

Major credit cards have been accepted in a wide variety of venues and places. It would not be wrong to suggest that major credit card companies have made it a point to promote the wide spread card acceptance in this day and age. On the contrary, store-specific credit cards have been good only at the issuing store.


Where to apply

It would be simple to apply for major credit cards. Almost, all banks or financial institutions could cater a customer with an application for one or another of the major credit cards. Furthermore, the Internet has become a useful resource for men and women interested in applying for along with obtaining major credit card.

credit cards

On the other hand, store-specific credit cards could only be applied for directly at the store. In addition, if the store has an Internet presence and several major stores along with smaller shops do so currently, applications for store-specific credit cards could be easily made online.

Annual fee along with related charges

Several major credit cards have been known to charge an annual fee. However, some major credit cards would charge an additional membership based on where the card has been obtained.


Store credit cards would usually free of annual fees along with similar charges to their customers. Nonetheless, store credit cards would carry particularly higher rates of interest than could be found with major credit card accounts.

Common clauses and provisions

There have been clauses and provisions that should be included in every monthly credit card billing statement, both from major credit card companies and on store credit card accounts. These provisions and clauses have been detailed listing of all credit card transactions. It would also comprise detailed listing of amount owed from previous month along with additional interest or amount payable on the owed amount. It would also be inclusive of the total amount owed for the current month. The minimum amount that should be paid during the month along with an estimate of the interest payable provided you do not pay your account in full. However, you should pay by the stipulated date to avoid interest charges. In case, you have used your card for cash, you should keep a detailed list of monthly interest rate for purchases, APR and interest rate.


In the final analysis, you should only have as much credit as it has been necessary. Mostly, it would not be a wise decision to have various credit cards. Instead, the best policy mostly has been to maintain one or two major credit cards. In addition, you should consider that benefit of store credit cards are usually not the same as that of credit cards such as balance transfers. However, it would be common to get brand exclusive reward schemes with store cards.

Author Bio Willie DeJarnette has been a freelance writer having all-encompassing knowledge on various subjects. He has been known to make regular contributions to the kinds of store credit cards to be used and availed benefits from.