If, on the other hand, you have the Banana Republic Store Card, its use will be restricted to U.S.-based Banana Republic, Gap, Old Navy, and Athleta stores, along with their corresponding online stores.
Unlike the Banana Republic Credit Card, which requires good credit or better (a score of 700+) for good odds of approval, the Banana Republic Store Card only requires good credit or better (a score of 700+).
No, you can’t use store credit cards anywhere. They only work at the merchants they’re connected with. For example, the Target Credit Card, is solely for Target purchases. It’s not always one retailer, though. If multiple brands are owned by the same parent company, you should be able to use any one of their store cards for purchases from all of the brands. For instance, you can use the store version of the Old Navy Credit Card at Gap, Banana Republic and Athleta in addition to Old Navy. And you can use the Amazon.com Store Card at Hoot.com, Audible.com, Comixology.com along with other Amazon products and services.… read full answer
What’s confusing is that some credit cards are affiliated with specific retailers but qualify as co-branded cards, not store cards. The difference is that a co-branded credit card belongs to a card network: Visa, Mastercard, American Express or Discover. And it can be used anywhere that network is accepted. So if your card doesn’t have a network logo on it, it’s a store credit card.
Here’s why you can’t use store credit cards anywhere:
Store credit cards can only be used at the retailers they’re affiliated with, which may include more than one merchant.
The fact that store cards have limited acceptance is part of the reason they’re easier to get, generally requiring just fair credit for approval.
Store cards are not the same as co-branded cards. Co-branded cards are associated with a particular company or organization but also belong to one of the four major card networks. So you can use them anywhere that accepts credit cards.
The visual difference between store cards and co-branded cards is that co-branded cards feature the logo of a credit card network (Visa, Mastercard, Amex, Discover) while store cards do not.
Many retailers actually offer two versions of their cards: one co-branded and another store-only. And there’s often just one application. The issuing bank decides which one you get, if any, based on your credit standing. You’ll generally need good credit or better to get a co-branded card. The Best Buy® Credit Card, for instance, requires good credit or better (700+), but those with at least fair credit (640+) may qualify for the Best Buy® Store Card. You can check your latest credit score for free on WalletHub.
The best store credit card that can be used anywhere is the Amazon.com Credit Card. With this card you can earn 3 points per $1 spent at Amazon.com and Whole Foods Market, 2 points per $1 spent at gas stations, restaurants and drug stores, and 1 point per $1 spent on all other purchases.
What You Should Know Before Applying for a Store Credit Card
Store credit cards that can be used anywhere are known as open-loop cards. Usually, the traditional store cards can only be used for store-related purchases. However, retailers will sometimes offer a store card linked to a credit card network such as … read full answerMastercard or Visa.
Open-loop cards tend to have stricter requirements for approval than their store credit counterparts. You'll typically need good credit or better to qualify. These cards can also earn significant benefits when used outside of the store. At the same time, they still enjoy all the perks and discounts that come with in-store and online purchases.
Here are the best store credit cards that can be used anywhere:
The Amazon.com Credit Card offers $50 Amazon.com gift card upon approval ($100 for Prime members). Plus, you can earn 3 points per $1 spent at Amazon.com and Whole Foods Market, 2 points per $1 spent at gas stations, restaurants and drug stores, and 1 point per $1 spent on all other purchases. The card has a $0 annual fee. It requires a credit score of 700, at a minimum. That means you need good credit or better for approval.
With the Costco Credit Card you can earn 4% cash back on eligible gas (up to $7,000 spent per year), 3% back on restaurants and travel, 2% back on Costco and Costco.com purchases, and 1% back on all other purchases. The card has a $0 annual fee with a paid Costco membership. It requires a credit score of 750, at a minimum. That means you need excellent credit for approval.
With the Walmart Credit Card you can earn 5% cash back in Walmart stores using Walmart Pay for the first 12 months, 5% back on Walmart.com purchases, 2% back at Walmart stores and fuel stations, 2% back on restaurant and travel purchases, and 1% back on all other purchases. The card has a $0 annual fee. It requires a credit score of 640, at a minimum. That means you need fair credit or better for approval.
The Sam's Club® Credit Card offers $30 statement credit after spending $30 in the first 30 days. Plus, you can earn 5% cash back on gas (up to $6,000 spent per year), 3% back on dining, takeout and on Sam’s Club purchases for Plus members, and 1% back on all other purchases (up to $5,000 earned in cash back rewards per year). The card comes with a $0 annual fee. It requires a credit score of 700, at a minimum. That means you need good credit or better for approval.
With the Nordstrom Credit Card you can receive a $60 Note when you make any purchase with Nordstrom. Plus, you can earn 1 - 2 points / $1. The card has a $0 annual fee. It requires a credit score of 700, at a minimum. That means you need good credit or better for approval.
With the Best Buy® Credit Card you can earn 2.5 points per $1 spent on Best Buy purchases, 1.5 points per $1 spent at gas stations, 1 point per $1 spent at restaurants, bars and grocery stores, and 0.5 points per $1 spent on all other purchases. The card comes with a $0 annual fee. It requires a credit score of 700, at a minimum. That means you need good credit or better for approval.
Store credit cards that can be used anywhere offer more flexibility than traditional store credit cards, but unless you want supplemented rewards at a specific store, you may still find more value with a general rewards card.
With the Citi® Double Cash Card – 18 month BT offer, for instance, you can earn 2% cash back on every purchase (1% when you buy and 1% as you pay for those purchases). Alternatively, the Bank of America® Customized Cash Rewards credit card gives 3% cash back in a category of your choice and 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly), plus unlimited 1% cash back on all other purchases. Plus, it offers $200 for spending $1,000 in the first 90 days.
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