While a few stores offer good deals (Wellington department store Kirkcaldie & Stains charges no interest or fees and GE Creditline offers various interest-free and deferred-payment promotions), you're more likely to pay higher interest rates on store cards than on bank-issued credit cards. Compare fees and rates with other forms of credit and make sure you're not paying more than you should.
Guide to the table
Our data taken from a survey in September 2008.
- Days interest free assume the balance for the previous billing cycle has been paid off in full; the interest-free days are then calculated from the start of the next billing cycle until the due date for payment.
- Annual fee may sometimes be waived or reduced in the first year.
A = interest-free periods and deferred-payment options vary throughout the year depending on the store's promotions. Rewards programme
B = card gives access to store-promotions such as members-only discounts.
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