If the only credit cards in your wallet are Visa and MasterCard, you should think about applying for a credit card at the retail store where you shop the most. You could be saving money and getting extra benefits as well.
There are two kinds of credit cards designated for retail stores. Unless they include the Visa or MasterCard logo, they’ll only be valid at that particular store. This is called a “closed-loop” card. “Open-loop” cards are those that can be used at some stores. The Gap Inc. Visa Card, the Costco Anywhere Visa Card by Citi and the TJX Rewards Credit Card are good examples
Here are just a few of the ways to get the most out of your department store credit card. Be sure to check the fine print before signing on the dotted line since rewards can change at any time.