Store-Specific Credit Cards vs. Major Credit Cards
What is a Store-Specific Credit Card?
A store-specific credit card is a credit card that is only valid at the store that gave it to you. For example, if you have a Target credit card, you can only use the card at Target stores.
Store-specific credit cards usually have a higher interest rates that major credit cards like Visa, Mastercard and American Express.
Where to get a Store-Specific Credit Card?
You can only apply for a store-specific credit card at the specific store. For example, if you want a Target credit card, you have to apply for the credit card at a Target store.
What is a Major Credit Card?
Major credit cards are accepted in a wide variety of places and venues. The most common major credit cards are: Visa, Mastercard and American Express.
Most major credit cards charge an annual fee. The amount of the annual fee depends on the bank that issued the card.
Where to get a Major Credit Card?
Most banks and financial institutions can provide a customer with an application for one of the major credit cards.
The Best Type of Credit Card?
The best type of credit card is a card with a low interest rate and a low late-payment fee.