Prime Rate Credit

I was looking online for credit deals recently and came across a credit card that has the behemoth Wal-Mart name on it, but it is issued by a bank called GE Money Bank. I wanted to find out what type of deal this Wal-Mart credit card offered, so I started to read the “fine print” and what the card would offer. I was curious, would it offer points or anything like that toward Wal-Mart merchandise, or a percentage off of Wal-Mart purchases? I thought there had to be some sort of purchasing benefit for the Wal-Mart store itself, since it carries the Wal-Mart logo on it, so that’s kind of what I was expecting to see, or something along those lines. Here’s what I found the Wal-Mart Credit Card offered :

1.) The Wal-Mart GEMB issues credit card is a Discover Card it looks like, but I can’t tell what the other Wal-Mart credit card is, which are known for their cash back bonuses, but are also known for still not being accepted everywhere (perhaps their vendor restrictions or charges are too high still for some retailers?).

2.) The Wal-Mart Discover Card offers “up to” 1% cash back on all purchases. This was kind of what I was looking for, but it looks like they actually may offer it on non Wal-Mart purchases as well perhaps?

3.) When you use it at any Sam’s Club or Wal-Mart sponsored gas station, you get $.03 off per gallon (not bad!)

4.) A deal on prepaid AT&T long distance and other small deals as well.

Overall, this credit card sound fairly decent I’d say….