Shopping credit cards for 2021: Save at your favourite stores | Finder

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Shopping credit cards

Many department and online stores offer loyalty programs and rewards programs tied to a credit card offer.

A number of retailers offer credit cards to patrons to reward customer loyalty. These store credit allow you to pay for purchases and earn rewards points you can use for in-store discounts or travel rewards. However, store credit cards can sometimes come with high-interest rates and have proven to be an expensive way to shop if used improperly. Here we compare some of the store credit cards available to help you pick the one for you.

Store credit card comparison

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
800 Miles
Up to 3x Air Miles for every $25 spent
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
BMO Sobeys AIR MILES Mastercard
800 Miles
Up to 3x Air Miles for every $25 spent
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
Scotiabank SCENE Visa Card
2,500 points
Up to 5 points per $1 spent
Min. recommended credit score: 650
Earn 2,500 bonus SCENE points when you spend a minimum of $500 on eligible purchases in the first three months as a new SCENE Visa cardholder. Apply by July 1, 2021.
Scotiabank GM Visa Card
Up to 5% cash back
Min. recommended credit score: 650
Earn 5% in GM Earnings on all eligible purchases on the first $5,000 annual spend, and 2% thereafter.
Scotiabank GM Visa Infinite Card
No first year annual fee
Up to 5% cash back
$0 annual fee for the first year ($79 thereafter)
Min. recommended credit score: 650
Get the annual fee waived in the first year on the primary card as well as any supplementary cards. Apply by July 1, 2021.

Compare up to 4 providers

What are the features of a store credit card?

Store credit cards work like regular credit cards. Common features among store credit cards include:

    • Rewards. You typically get rewarded with points for every dollar you spend at specific retailers. Rewards points can typically be redeemed for discounts on merchandise, experiences or travel rewards.
    • Interest-free. Some store credit cards offer interest-free terms when you sign up. These offers allow you to buy now and pay later; however, a high interest rate can be charged when the promotional offer expires. Some store credit cards offer up to 55 days interest-free on purchases if you pay your balance in full each month.
    • Interest charges. Interest rates can be much higher than what is offered on other types of credit cards. Be sure to compare all credit card types before you apply so you can find the right card for your needs.
    • Annual fee. Depending on the card, you may be charged an annual fee.
    • Balance transfers. Although not common, some store credit cards come with promotional balance transfer offers. If you need to consolidate debt, an offer like this could be of interest.

Pros and cons of using a store credit card


  • Rewards. Store credit cards typically reward you with points you can use to receive discounts or free items.
  • Freebies. As an incentive to signup for a store credit card, you can often receive free gifts, gift vouchers, bonus points or discounts on merchandise.
  • Shopping benefits. You may be eligible for exclusive extras like interest-free financing and free shipping or gift wrapping when you use your store credit card to make a purchase at participating retailers.
  • Lenient eligibility criteria. Store credit cards usually have less stringent eligibility criteria when compared to other credit cards and they tend to be a good choice for people who have little to no credit.


  • Higher interest rates. Your store credit card may come with much higher interest rates than a regular credit card would. This is often due to the lenient eligibility criteria which makes lending riskier for the provider.
  • Less points per dollar. You may earn less points per dollar spent when you shop at a retailer not affiliated with the store card provider.
  • Limitations. When it comes to gifts and bonuses, you are limited only to the items that are available in the store. The rewards don’t often extend to other retailers.

How to apply for a store credit card

If you want a credit card that is issued by a particular store, you can likely apply at the store directly or apply online. While eligibility requirements vary between different cards, you will usually need to:

  • Be at least 18 years of age, or the age of majority in your province or territory.
  • Be a Canadian citizen or a permanent resident.
  • Meet any minimum income or credit score requirements.

You may also be asked to provide the following information:

  • A valid piece of identification (such as a driver’s licence).
  • Details of your income, assets, expenses and liabilities.

How do credit providers make money out of store credit cards?

When you use your credit card, the store is paid a certain amount by the credit card provider – but first, the credit card provider takes a commission before paying the money to the store. Interest charges are also collected by the bank for any unpaid balances, as well as any fines and penalties imposed on the credit card such as late payment fees.

Bottom line

A credit card from your favourite retailer can seem like a good way to cash in on your purchases. However, interest rates can be excruciatingly high and rewards can be minimal. If you don’t shop a lot at the store or any of its partner retailers very often, it may not be worth your while.

Before applying for a store credit card, determine what kind of shopper you are and decide if the rewards program and benefits will be enough incentive for you to join. Compare a variety of different types of credit cards and consider your own spending habits and financial needs before you apply for one.

Frequently asked questions

More guides on Finder

Go to site