GOBankingRates Study Reveals the 10 Best Retail Credit Cards for Holiday Shopping

LOS ANGELES, Nov. 4, 2014 /PRNewswire/ -- With Americans spending record amounts on retail this holiday season – more than $800 a person¹ – GOBankingRates surveyed the 100 biggest retailers by revenue, finding the best store cards to help consumers leverage their holiday shopping into year-round savings.

Considering each retailer's sign-up incentives, rewards, financing options and interest rates, the study revealed the 10 best retail credit cards of 2014.

CLICK HERE to see the complete list

"Retail credit cards don't have the best reputation; in fact, they're notorious for having high interest rates," said Christina Lavingia, a GOBankingRates editor. "But around the holidays, when the amount Americans spend on retail skyrockets, store cards can make surprisingly good tools. If you choose the right card and use it strategically, you can build your credit, save money on your holiday shopping and access a host of rewards."

Additional findings:

• Among the top 10 store cards, Nordstrom, Barnes & Noble and Costco offer the lowest interest rates.
• Target won the distinction of "best rewards" for offering a 5 percent discount on all in-store and online purchases.
• Best Buy came out on top with the best financing option for its deferred interest program.

For strategies on saving money with retail credit cards, visit: http://bit.ly/1qmCtUM.

About GOBankingRates

GOBankingRates.com is a leading portal for personal finance news and features, offering visitors the latest information on everything from interest rates to strategies on saving money, managing a budget and getting out of debt. Its editors are regularly featured on top-tier media outlets, including U.S. News, Business Insider, Daily Finance, Huffington Post, and more.

Contact:

Connie Lundegard
[email protected] 
310.297.9233x112

¹ NRF, Gift Givers Plan to Splurge on Friends, Family This Holiday Season, Oct. 16, 2014.

Photo - http://photos.prnewswire.com/prnh/20141104/156393

Logo - http://photos.prnewswire.com/prnh/20130926/LA86996LOGO

SOURCE GOBankingRates

Related Links

http://www.gobankingrates.com

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED