Retail Rewards Credit Cards

Compare Retail Rewards Credit Card Offers

Banks and credit unions offer rewards as incentives to sign up for their credit cards, and these reward schemes can be very beneficial to the cardholder. If you enjoy shopping, check out the rewards schemes and other benefits attached to each card on our comparison table and see if there are products that you like. You can also compare the various rates, limits and fees to see where you can make the biggest savings. Retail rewards credit cards are also known as supermarket rewards credit cards or shopping rewards credit cards, but they generally work in the same way.

Q: What are the benefits of a retail rewards credit card? A: A retail rewards card works in the same way as other rewards programs, but specifically aimed at retail purchases. Each time you use your card you earn points, which can then be redeemed for shopping vouchers. It is also possible that points can be used for other services such as flights, financial services and leisure products. The benefits are that you save money on shopping and gain access to services that you may otherwise be unable to afford.

Q: Will I be tied in to any particular store? A: The way these cards work is that you can earn reward points no matter where you use them, however, when you want to redeem the points you’ll have to do so at the store who issue the card. There is one caveat in that some retail reward cards will allow you to redeem your points for flights with Qantas. Therefore, when you are comparing retail award cards, be careful to choose a card from a store where you can actually redeem points for something you want.

Q: Will I get access to special offers? A: Yes, most definitely. The store will send you special offers on a regular basis where you can buy certain goods from them at a discount when you use your card.

Q: If I am a loyal customer, can I earn more points? A: Yes, it is very common for stores to incentivise you to stay loyal to them and shop with them regularly by letting you earn more points per dollar at their stores.

Q: How should I use my card? A: With a shopping voucher credit card the more you use it, the more points you earn. It’s also important to be aware that if you fail to meet monthly payments you may lose points and benefits you have accumulated. With a shopping credit card you will get most points from particular companies or retail outlets, so make sure it’s a brand that you want to make purchases from.

Q: What factors should I consider when comparing shopping credit cards? A: Spend some time studying the benefits of each card on our comparison table. Make sure the card you choose has a good rewards scheme that will be worthwhile signing-up to, with plenty of points on each dollar you spend and good products as rewards. It’s also important to take into account the essential components of any credit card: the interest rate, balance transfer facility, limits and fees. Make sure you choose a deal that saves the most money, and one that you can afford to keep up-to-date with payments. If you miss payments, you lose valuable points and may also damage your credit rating.

Q: What about the points:rewards ratio? A: It’s important that you check how many rewards points you’ll need if you want to redeem them for something in-store. For example, it may take 5,000 points to get a burger. Also factor in how much spending you plan on using the card for both in-store and elsewhere so that you can get a rough idea of how many points you’ll earn and what you can redeem them for.

Q: Are points capped? A: Some cards will have a cap on the number of points you can earn per year. There may also be a cap on the number of points you can earn at a certain spend:points ratio. You can check for these details in the small print before applying.

Q: Will points expire? A: If you don’t spend a lot on your card, it may take you some time to save up enough to buy something meaningful. An expiration date on your points may mean that you won’t have enough time to earn enough points and then redeem them. The worst case scenario is that you aren’t aware of the expiration date, have been saving up your points and then lose them unexpectedly. Check the small print for points expiration before you apply.

Q: How do I apply for a retail credit card? A: Once you have found a deal that you like the look of applying couldn’t be simpler. Click on ‘Apply’, complete the easy steps in the secure online application process and wait for the decision, which can be as quick as 60 seconds. When you have successfully completed the application you should receive your new card in the post within a few days, start earning points and enjoying the benefits.