Best retail credit cards you can use anywhere


A retail card is a store credit card that can be used to make purchases either from one retailer or a group of related retail stores. They work in the same way as traditional credit cards where you shop on credit and pay off the debt over time. With a retail credit card, you can take advantage of store discounts and incentives.

Retail credit cards that can be used to make purchases and transactions in any store are termed as open loop cards. They are linked to a credit network, thus allowing you to shop in any store that accepts the given type of card i.e. Mastercard, American Express, or Visa.

Best open loop store credit cards

Costco Anywhere Visa Card by Citi

The card is a co-branded card that comes without an annual fee or bonuses. However, it has a variety of rewards including 4% cash refund on all gas purchases made at Costco but not inclusive of fuel used for non-automobile purposes, 3% cash refund on food and travel purchases, 2% and 1% on all purchases from and other purchases respectively.

To be eligible for this card, you must have an excellent credit history and be a Costco active member. The membership fee for Costco is $60 for gold star members and $120 for executive members. This card also comes with additional advantages such as travel and emergency assistance, world travel, and car rental insurance.

Grand Reserve World Mastercard

This is a co- branded store card for wine enthusiasts. It lets you earn rewards when you make purchases at wineries, wine stores, wine shops, and clubs. The rewards include 50,000 bonus points after spending $3000 on any purchase during the first three months. This card works in all wine stores that accept Mastercard.

For Grand Reserve partners, they earn 5 points per dollar and 3 points per dollar spent on any other wine store, club, or restaurant. With this card, you also get a chance to attend Grand Reserve wine tasting events and special events hosted by leading wine refineries.

Capital One Walmart Rewards Mastercard

This card is not only acceptable in Walmart stores but also in other stores that accept Mastercard. The card offers 5% refund on all purchases made at in addition to covering grocery pickup and delivery. All in store purchases made using the Walmart pay option for the first one year after approval also have a 5% cash back offer.

This branded card has no annual fee or charges on foreign transactions. It also allows users to redeem their rewards for either travel or gift cards at any time.

The APR for the purchases that you make, quick cash, or transfers is tied to your credit score. The APR ranges from 17.99% to 26.99%.

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