John S Kiernan, Managing Editor
There aren’t any retailers that offer store charge cards. Many people refer to store cards as charge cards. It’s common to hear reference to a Walmart charge card, a Kohl's charge card or a Target charge card as a result. But store cards are credit cards on which you can carry a balance from month to month, not charge cards whose balance must be paid in full each month. A good rule of thumb to remember is that if it has an interest rate, it's not a charge card.
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Ashley Wade, WalletHub Analyst
Store credit cards aren’t charge cards, but they should be used like charge cards. The reason is that a lot of stores with special financing deals aren’t being as friendly as they might seem. It’s usually low interest with a catch – the catch being a whole lot of interest if you don’t pay on schedule. That’s irrelevant if you only use store credit cards for purchases that you can pay off by each due date, though, and store cards are really generous rewards-wise.
Besides, you can get most store cards with fair credit. Charge cards are usually for very good-to-excellent credit.
What actually gets a bit confusing is that there are two types of store credit cards: store-only cards and store-affiliated cards that can be used anywhere. Still, neither is a charge card technically.
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