Within a few days of that account being opened, several hard inquiries
for other store cards were made and show up on my credit report, but were presumably denied.
Most other store cards, including the 1 -2-3 REWARDS ® Visa ® Card, excel at one thing, and are mediocre on everything else.
Because the Sears Card is issued by Citibank, the requirements are a little more restrictive than
other store cards issued through Synchrony Financial.
Instead of offering automatic savings at checkout
like other store cards, the Kohl's Charge card's best features come in the form of monthly coupons and secret sales, which are particularly valuable when combined with Kohl's Cash and Yes2You Rewards Cash (both of which are available to all Kohl's customers).
While the Fred Meyer Rewards ® Visa ® Card provides good rewards at Fred Meyer stores, it doesn't reach the same level of cash back we've come to expect from
those other store cards.
Both of these rewards rates are above average when compared to
other store cards, and even ordinary credit cards.
Other store cards are popular because of periodic promotional deferred interest rates on large purchases.
The Banana Republic Card tends to have higher credit requirements than
other store cards, preferring applicants with scores in the mid-600s and higher, which is likely unsurprising given the high credit limits reported by many cardholders.
Add in an APR that's only competitive when compared to subprime credit cards (or
other store cards), and the Belk ® Rewards Card starts to look a lot less appealing to the average consumer.
If you hold more than two credit cards and
other store cards it will hit your premium rates.