1.Amazon Prime Visa
Chase
- 5%Cash back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases
- 2%Cash back on gas, restaurants, and transit
- 1%Cash back on all other purchases
Earn a $250 Amazon Gift Card instantly upon approval with an active Amazon Prime membership.
Earn 5% back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership.
18.74%-28.24% Variable APR
The Amazon Prime Visa stands out as the top choice because it offers exceptional cash back rewards for Amazon shoppers, making it ideal for frequent users of the platform. With a generous welcome bonus and no annual fee, it provides significant value for those who already have an Amazon Prime membership.
Pros:
- High rewards on Amazon purchases
- No annual fee
Cons:
- Requires Amazon Prime membership
- Variable APR can be high
2.Target Circle Credit Card
Target
- 5%Discount on purchases at Target
Get $50 in Target Circle Rewards when you spend $50 on your Target Circle credit card within the first 60 days.
Save 5% on everyday purchases at Target.
29%-30% Variable APR
What sets the Target Circle Credit Card apart is its straightforward 5% discount on all purchases at Target, making it a great option for regular shoppers. The card also offers additional perks like free shipping and exclusive deals, enhancing the overall shopping experience.
Pros:
- Immediate 5% discount on purchases
- No annual fee
Cons:
- High APR
- Limited to Target purchases
3.Walmart OnePay CashRewards Card
Synchrony Bank
- 5%Cash back at Walmart for Walmart+ members
- 3%Cash back at Walmart for non-members
- 1.5%Cash back on all other purchases
Get a $35 welcome bonus in cash back when you spend $75 or more within the first 30 days.
Earn 5% cash back at Walmart/Walmart.com for Walmart+ members and 3% for non-members.
20.99%-30% Variable APR
The standout feature of the Walmart OnePay CashRewards Card is its ability to earn 5% cash back on Walmart purchases for Walmart+ members, making it a top choice for frequent Walmart shoppers. Coupled with a straightforward welcome bonus, it offers solid value for those who regularly shop at Walmart.
Pros:
- High cash back for Walmart+ members
- No annual fee
Cons:
- Requires Walmart+ membership for maximum rewards
- Variable APR can be high
4.MyLowe’s Rewards Credit Card
Synchrony Bank
- 5%Discount on eligible purchases at Lowe's
Get 20% off your first purchase, up to a maximum discount of $100.
Earn 5% off eligible purchases at Lowe's.
31.99% Variable APR
The MyLowe’s Rewards Credit Card shines for its immediate 20% discount on the first purchase, providing significant savings for new cardholders. With no annual fee and ongoing 5% discounts, it is an excellent choice for frequent Lowe's shoppers.
Pros:
- Immediate savings on first purchase
- No annual fee
Cons:
- High APR
- Limited to Lowe's purchases
- 5%Cash back on gas at Costco
- 4%Cash back on other gas/EV charging (first $7k/yr)
- 3%Cash back on restaurants/travel
- 2%Cash back at Costco/Costco.com
- 1%Cash back on all other purchases
N/A
Earn 5% cash back on Costco gas, 4% on other gas/EV charging, 3% on restaurants/travel, 2% at Costco/Costco.com, and 1% on everything else.
18.74%-26.74% Variable APR
The Costco Anywhere Visa Card by Citi is ideal for regular Costco shoppers, offering tiered cash back that maximizes rewards on gas and dining. With no annual fee for members, it provides excellent value for those who frequently shop at Costco.
Pros:
- High cash back on gas and dining
- No annual fee with membership
Cons:
- Requires Costco membership
- Rewards issued annually
Final Words
As you navigate the options for store credit cards this January, remember that the best choice aligns with your shopping habits and financial goals. Take the time to compare rewards, fees, and benefits to make an informed decision that enhances your purchasing power and maximizes your savings.
Frequently Asked Questions
With the Amazon Prime Visa, you can earn a $250 Amazon Gift Card instantly upon approval with an active Amazon Prime membership. Additionally, you earn 5% back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership.
The Target Circle Credit Card allows you to save 5% on everyday purchases at Target. Plus, you can earn a $50 in Target Circle Rewards when you spend $50 on your Target Circle credit card within the first 60 days.
With the Walmart OnePay CashRewards Card, you can get a $35 welcome bonus in cash back when you spend $75 or more within the first 30 days. You will also earn 5% cash back at Walmart/Walmart.com for Walmart+ members and 3% for non-members.
Most store credit cards have no annual fee, making them an attractive option for frequent shoppers. However, it’s essential to check each card's terms, as some may have higher APRs or other fees.
When selecting a store credit card, consider where you shop most and the rewards structure that aligns with your spending habits. Look for cards that offer welcome bonuses, cashback rates, and no annual fees to maximize your benefits.
Applying for a store credit card typically involves filling out an online application or applying in-store. You'll need to provide personal information, including your income and credit history, to determine your eligibility.
Most store credit cards offer rewards specifically for purchases made at their affiliated stores. However, some cards provide additional cashback or rewards for other categories, such as gas or dining, so it's wise to review each card's reward breakdown.
