These days, it seems every retailer is offering some kind of
rewards program. From discount clubs to credit cards, nearly
every major store in the U.S. is trying to build customer loyalty
by offering enticements for consistently shopping with them, and
this strategy seems to be working. The average American household
boasts memberships to 22 retailer rewards programs, according to
But which retail credit cards offer the best benefits? After
all, shopping with a credit card is a great way to build credit
-- why not get some perks while you're at it?
The four following retail credit cards offer some of the best
rewards on the market today, so if you shop with any of these
companies regularly (and you probably do), you may want to
consider applying for its plastic.
Target Red Card
The Target Red card is perfect for frequent shoppers at this
big-box retailer, because it provides a very generous benefit: 5%
off every purchase, both online and in stores. The card also
rewards customers in these ways:
- Free shipping on all orders, no matter the total cost of
- An extra 30 days to return items purchased with the
- A donation of 1% of your total purchase amount to an
eligible school of your choice.
This card carries an interest rate of 22.9%, but otherwise
comes with few drawbacks. In all, if you regularly shop at
, this card could save you big bucks.
Gap Rewards Card
The benefits of the Gap Rewards card are almost too numerous to
mention, but these are the five best:
- At least 15% off your first purchase with the card
(frequent promotions often mean bigger savings).
- 10% off every Tuesday for purchases made with the card in
stores and online, at Old Navy's online store, and at
- Five points earned for every dollar spent at Gap, Old Navy,
Banana Republic, Athleta, and Piperlime; receive a $10 gift
certificate for every 1,000 points earned.
- Exclusive coupons and early alerts to sales.
- Birthday discounts.
As with most retail credit cards, the major drawback to this
card is the interest rate, at 23.99%-24.99%. It's also important
to note that the rewards points expire after 24 months, so don't
wait to redeem them. But if you shop at the Gap often enough to
get the card, that's not likely to be a problem.
Macy Star Rewards Card
The best benefit the Macy's Star Rewards card offers is the
massive number of exclusive coupons you'll receive every year. So
if you frequently shop at
, signing up for the card could mean big savings on clothing,
household items, and small appliances. The card also offers:
- 15% off your first purchase.
- Choose-your-own sale days on online and in-store purchases
(you can even use these on sale and clearance items).
- Returns for up to two years, with or without a
As an extra benefit, there are a number of different "flavors"
of the Macy Star Rewards card, so you'll be able to choose the
one that's best for you.
Amazon Rewards Visa
is one of the most popular online retailers, and its credit card
rewards program makes it even more attractive. The Amazon Rewards
card makes signing up sweet with a $50 gift card, but it's the
rewards you'll rack up with this card that make it truly
- 3 points for every dollar spent at Amazon; 100 points equal
$1 that you can spend at Amazon.
- 2 points for every dollar spent at gas stations,
restaurants, and drugstores.
- 1 point for every dollar spent elsewhere.
The APR you'll get on this
card depends on your credit score but ranges between 14.24% and
22.24%. This is one of the most generous credit card rewards
programs out there, so if you shop a lot at Amazon, you
definitely don't want to overlook this card.
Make your day-to-day shopping rewarding by applying for one of
these retail credit cards. As long as you shop responsibly --
charging only what you can pay off by the time the bill arrives,
and paying that bill on time -- you'll be on your way to earning
some pretty great perks!
The Motley Fool recommends and owns shares of Amazon.com and
Visa. Try any of our Foolish newsletter services
free for 30 days
. We Fools don't all hold the same opinions, but we all believe
a diverse range of insights
makes us better investors. The Motley Fool has a
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights
reserved. The Motley Fool has a