The criteria necessary for approval of a retail-specific credit instrument offered by a major retailer involve several factors. These commonly include an evaluation of an applicant’s credit history, encompassing credit score, payment history, and outstanding debt. For example, individuals with a strong credit history and a favorable credit score are more likely to be approved.
Meeting the eligibility standards for such a card can provide consumers access to benefits such as rewards programs, discounts, and financing options within the retailer’s ecosystem. Historically, retailer-branded cards have served as an entry point to credit for some individuals, while also fostering customer loyalty and increased spending within the issuing retail establishment.
