Is a retail, or store-branded, credit card a good idea? The short answer is, it depends.
Retail credit cards, on average, charge significantly higher interest rates than non-retail credit card products do. However, many also offer rewards, discounts, and financing programs that other credit card products simply don’t match and can be worth a look in certain cases. Here’s what you need to know about retail credit cards, and the right and wrong ways to use them.