Friday, December 2nd, 2011

Walk into any big store to do your Christmas shopping and you’re likely to be greeted with a tempting offer to sign up for their in-store credit card. The ads promise lots of rewards points, free stuff and no downside, but shoppers should think twice before signing up, says Your Money Magazine.

The latest issue of the magazine looks at the major in-store credit cards currently available and assesses their value across 3 common scenarios. The results indicate that most of the time it’s the store that benefits, not the customer.

Managing editor of Your Money Magazine Jackie Pearson says it’s important to work out whether you will benefit from the card before signing up.

“Look at the annual fee, interest rates and how much you need to spend to qualify for rewards,” says Pearson. “Store credit cards are designed to drive customer loyalty by encouraging you to shop more in one store but often you’ll find the rewards aren’t worth the spend.”

For further details on how co-branded retail cards compared and more money management tips to help you make smarter spending decisions, see the latest issue of Your Money Magazine. Available at local newsagents or online at


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Your Money Magazine

Your Money Magazine is for all Australians looking to increase their personal wealth and achieve the lifestyle they desire. Your Money Magazine’s key focus is to educate the Australian public about money management by providing down-to-earth, easy to comprehend content, detailed product comparisons across a range of categories, and recommendations from some of the country’s leading industry experts.

Combining in-depth research and product comparison tools with shrewd financial education materials Your Money Magazine takes a unique place in the Australian market allowing readers to not only compare existing products but to educate themselves and take decisive action all in one place.

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Kerry Corben
P: 02 8437 4797


Your Money Magazine, credit card, retail, Christmas, rewards points, interest rates



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