There are many popular department store chains that offer the convenience of one-stop shopping. Department stores like Kohl’s are popular for their wide range of clothing, shoes, accessories, and home furnishings at affordable prices. They also offer a Kohl’s credit card, designed for personal shopping at their department stores. This card is highly popular as those with Kohl’s cards get rewards such as discounts in excess of what is offered to non-cardholding shoppers. If you apply and get approved, you will also get a discount on your first purchase.
This is a popular card due to the rewards that are offered on this card. However, unlike many department store cards, approval is limited to those with better credit. This is not to say that those with decent credit will not be approved, but those with poor credit are unlikely to be approved for this department store card. It is recommended that only those with credit scores of over 600 apply for this card, but chances of approval are much higher if your credit score is higher than 700.
With this card, you will be given a credit limit that coincides with your creditworthiness determined by your credit score, as well as your financial history. It is also recommended that you have no negative judgments on your history within the last two years, that you meet certain income requirements, and it is also helpful to have other lines of credit that are in good standing. These factors determine your credit limit, but generally, the better your credit score, the higher your limit will be.
There is no annual fee for this card and the rewards are what distinguish it from other department store cards. The interest rate on this card is about 21% variable APR, and this is not dependent on your credit score. This means that even if you have perfect credit, you still end up with this interest rate. This card is best suited to those who do not carry large balances on their card due to the higher levels of interest associated with department store cards. It is even better suited to those who can pay off their balances in full each month. This allows you to take advantage of the benefits of card membership without having to pay for unnecessarily large amounts of interest on your purchase. For those with less than perfect credit, there are better department store cards that have more favorable terms and conditions.
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