Most consumers are regularly inundated with offers of store credit cards while out shopping. These cards, offered by many of the country’s most popular retailers, are easy to sign up for and offer extra incentives for shopping at your favorite stores. They can make good sense to a savvy consumer, but only after fully understanding their rules and implications.

This article first includes an overview of how to responsibly use a store credit card. Then we reveal the Capital One store-branded credit cards from which to choose.

The Pros of a Store Credit Card

One big advantage to having a store credit card is the discounts they may provide. Often stores will offer special discounts or sales to cardholders, especially as a sign-up bonus. Depending on how much you spend and how often you shop, the discounts can be significant and can have a real impact on your wallet.

A store credit card also gives you an optional line of credit. If you frequently use your current credit cards on retail purchases, a store card can help direct more of those expenditures and free up your credit line. This is especially handy for large purchases.

Retail credit cards are often easier to obtain than regular credit cards and can help you establish credit history if you need it. This can also benefit those with already low credit scores.

Rewards and perks are another reason to take out a branded retail credit card. Your purchases made at the outlet can rack up rewards points that you can use later on free merchandise or gift certificates, another attractive benefit for loyal customers. These can be especially useful for department store credit cards, where you’d typically purchase a variety of goods. To learn more about a range of department store credit cards, check out our article Instant Approval Department Store Credit Cards (Easiest Ones To Get).

The Cons of a Store Credit Card

Though for all of their advantages, store credit cards can carry some serious implications.

You may get a feeling of instant gratification from the immediate discounts and rewards points you receive by using your card, but you are likely to absorb those reductions through higher interest charges. Many retail credit cards come with high-interest rates on purchases. These fees can really add up if you don’t pay off your balance in full each month. Often these cards have high APRs of 20% or more, so if you end up overcharging you can drop into a financial sinkhole.

Retail credit cards also have lower spending limits. This may be a comforting idea to reign in your spending, but could be problematic for people with higher incomes who want to spend more money on shopping. This could be an issue when you want to make a large purchase but your credit line is too small to handle it. To complete larger purchases you may have to resort to paying for the transaction on different cards or making up the difference in cash.

We’ve previously outlined the Eight Easiest Store Credit Cards To Get (And Which To Avoid), which is useful reading in weighing your options.

The List of Capital One Store Branded Credit Cards

Capital One is one of the most popular credit card issuers. Capital One has partnered with some of the nation’s largest retailers to offer customers credit cards that provide many of the aforementioned benefits.

If you frequently shop at any of the following retailers, you might benefit from knowing the terms and perks of their store credit cards.

Bergdorf Goodman

Bergdorf Goodman, one of New York’s most renowned luxury department stores, offers the InCircle Bergdorf Goodman credit card.

  • Standard APR: 24.49%
  • Minimum monthly payment: $25 or the sum of 1% of your new balance
  • Late fee: Up to $35
  • Annual fee: None
  • Card perks: Two InCircle rewards points for every $1 spent on the card, $100 points cards for every 10,000 rewards points earned, bonus point opportunities, invitations to special in-store events
  • Zero interest options: Interest-free grace period of 26 days for new purchases when your balance is paid in full by the payment due date
  • Instant approval available: Yes, a response is given within 60 seconds of applying online
  • How to apply: Submit an application online, or ask in-store.

Cabela’s

Cabela’s outdoor outfitters recently inked a deal with Capital One to service their store credit card. The agreement was scheduled for roll out in the first part of 2017 but has been delayed. Stay tuned…

Hudson’s Bay

Capital One partnered with Hudson’s Bay to offer a store card for their chain of 90 department stores in Canada.

  • Standard APR: 29.9%
  • Minimum monthly payment: At least $10
  • Late fee: $29, charged at the end of the billing period if your account balance is more than your credit limit either for your entire billing period or at any time during the billing period because of new transactions.
  • Annual fee: None
  • Card perks: Four rewards points for every $1 spent if the credit card is used with your Hudson’s Bay Rewards Card, every 2,000 points earns a $10 gift card, more than 20 savings events throughout the year, free 90-day returns in-store and free shipping on items at thebay.com with minimum purchase
  • Zero interest options: Interest-free grace period of at least 21 days for new purchases when your balance is paid in full by the payment due date
  • Instant approval available: No, the application is sent to Capital One for acceptance, if approved you should receive your card within seven to 10 days
  • How to apply: You can apply in-store or online

Kohl’s

Kohl’s offers clothing, shoes, accessories, home goods, toys, and electronics purchases through their Kohl’s Charge store credit card.

  • Standard APR: 24.49%
  • Minimum monthly payment: $27 or the sum of 1% of your new balance
  • Late fee: Up to $37
  • Annual fee: None
  • Card perks: Extra 25% off your first day’s purchases and another 15% when your card arrives, 12 special offers throughout the year, combined discounts with Kohl’s Cash and Yes2You Rewards on purchases with your card, Most Valued Customer (MVC) status with 18 discounts a year after spending $600, one Yes2You rewards point for every $1 spent on your Kohl’s Charge card with $15 gift cards for every 100 rewards points
  • Zero interest options: Interest-free grace period of 25 days for new purchases when your balance is paid in full by the payment due date
  • Instant approval available: No, the application is sent to Capital One for credit approval
  • How to apply: Ask in-store or apply online.

Lord & Taylor

Capital One backs the Awards store credit card for Lord & Taylor, one of the oldest luxury department stores in the United States.

  • Standard APR: 25.99%
  • Minimum monthly payment: $25 or the sum of 1% of your new balance
  • Late fee: Up to $35
  • Annual fee: None
  • Card perks: 15% off your first day’s purchases, members savings events throughout the year, members-only perks and access to in-store events, receipt-free returns on card purchases, special birthday offers
  • Zero interest options: Interest-free grace period of 25 days for new purchases when your balance is paid in full by the payment due date
  • Instant approval available: Yes, a response is given within 60 seconds of applying online
  • How to apply: Instant application available online

Menard’s

In partnership with Capital One, Menard’s home improvement stores offer the Big Card credit card.

  • Standard APR: 25.49%
  • Minimum monthly payment: $25 or the sum of 3% of the purchase required
  • Late fee: Up to $35
  • Annual fee: None
  • Card perks: 2% rebate on purchases, six-month financing on purchases over $299, 48-month financing on purchases over $1,500, 1% rebates and additional savings on purchases and products from other outlets
  • Zero interest options: Interest-free grace period of 25 days for new purchases when your balance is paid in full by the payment due date
  • Instant approval available: Yes, a response is given within 60 seconds of applying online
  • How to apply: Apply online for instant approval.

Neiman Marcus

Capital One brings luxury department store goods to customers via the branded InCircle Neiman Marcus credit card.

  • Standard APR: 24.49%
  • Minimum monthly payment: $25 or the sum of 1% of your new balance
  • Late fee: Up to $35
  • Annual fee: None
  • Card perks: Two InCircle rewards points for every $1 spent on the card, $100 points cards for every 10,000 rewards points earned, bonus point opportunities, invitations to special in-store events
  • Zero interest options: Interest-free grace period of 26 days for new purchases when your balance is paid in full by the payment due date
  • Instant approval available: Yes, a response is given within 60 seconds of applying online
  • How to apply: Visit the online application page or inquire in-store.

Saks Fifth Avenue

Saks First Store Card credit card from Capital One is useful on all purchases from the luxury retailer.

  • Standard APR: 24.49%
  • Minimum monthly payment: $25 or the sum of 1% of your new balance
  • Late fee: Up to $35
  • Annual fee: None
  • Card perks: Membership in Saks First rewards program, SaksFirst points on every purchase, $25 gift card for every 2,500 rewards points earned, exclusive previews of collections, private sales and access to other store events
  • Zero interest options: Interest-free grace period of 25 days for new purchases when your balance is paid in full by the payment due date
  • Instant approval available: Yes, a response is given within 60 seconds of applying online
  • How to apply: Visit the online application page or inquire in-store.

Capital One Store Credit Cards: Conclusion

As you now know, there are quite a few Capital One retail cards available to you — every place from department stores to outdoor stores.

When used responsibly, a store card can offer many perks and discounts to help you shop. Before applying for a store card, you should have a complete grasp of the terms to make the best decision for yourself and your financial future. Be sure to read all the terms and conditions before signing the dotted line.

Happy shopping!