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Tell Me About Store Cards

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Frequent Contributor

Re: Tell Me About Store Cards

Would the impact be the same with say a major CC/store card? For example, the Prime Store Card vs the Amazon Prime Visa.

 

I only have two "store" cards, and they are MC and Visa versions.

 

 

Message 11 of 14
Established Contributor

Re: Tell Me About Store Cards


@longtimelurker wrote:

Or if you really love store cards, you can move to MA/CA/HI, where auto insurance carriers are banned from using credit based insurance scores to set rates!


Yes they automatically give the highest rates. !!      Smiley LOL

FNBO 2% Cashback Visa (20k) / Bank of the West Cashback MC (20k)
US-Bank Cash+ (15k) / FNBO Travel Elite (15k) / Citi Double Cash (18k)
Ficos : 840 / AAoA : 9 yrs / AoOA : 23 Yrs / AoYA : 3
Message 12 of 14
Super Contributor

Re: Tell Me About Store Cards


@TheBrad wrote:

Would the impact be the same with say a major CC/store card? For example, the Prime Store Card vs the Amazon Prime Visa.

 

I only have two "store" cards, and they are MC and Visa versions.

 

 


No those are considered regular credit cards. 



01/2019:
12/2019:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 13 of 14
Super Contributor

Re: Tell Me About Store Cards

Cobranded "store" cards with Visa or MC logos are not treated the same way on your credit report as true retail cards that can  only be used at that retailer. If it's a major MC or Visa, it's the same as any other Visa/MC. If it's truly a store use only card, it will report as such, but I don't think it is a huge deal unless your profile is heavy on them and little else. Nevertheless, I think store cards are best opened sparingly for stores you really will shop at regularly, not for a one time discount.

Message 14 of 14
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