The Retail Credit Card Market

Let’s assume you want a great electronics store to shop at you can do so online at Electronics Cult otherwise you can visit the more traditional retail stores credit cards. At present, discount retailers such as Wal-Mart, Kmart, and Target have launched retail store credit cards for their regular customers. This write up provides you detailed information about what exactly is a retail store credit card.

Its really a great idea to have retail store credit cards that enable you to shop more, however, with Kmart and Wal-Mart cards, although the perks are nice but the penalties associated are severe. If you shop with a Target Guest Card, it may help you to raise money for a local school, but it comes with a 21 % interest rate.

With the recently launched Kmart MasterCard, cardholders need not pay any interest for the first 6 months on purchases made at Kmart stores. The same is applicable at Bluelight.com, the online subsidiary of Kmart. But if you shop anything from retail stores other than Kmart, you have to pay a fixed interest rate of 11.9 %. When the 6-month introductory period is over, cardholders need to pay 11.9 % interest on Kmart purchases too.

The Wal-Mart MasterCard, which is issued by Chase Manhattan, may sound good but you need to maintain a faultless payment record. If you become a cardholder, then you can enjoy 9.9 % fixed annual percentage rates on balances that are transferred to the card within the first 9 months. So if you want to have a retail store credit card, you should weigh every pros and cons before proceeding.
[tags]retail stores credit cards[/tags]
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