Now with more options to find the right products for you


Click here to learn which measures Yale is taking to deal with the  Coronavirus (COVID-19) outbreak

Wait! Before You Go...

Learn the most reliable brands, best new features and how to buy at the best possible price in this Free Appliance Buying Guide. Over 880,000 people have learned from a Yale Guide

Free Download: Appliance Buying Guide

No thanks, I know what I'm looking for.

Why Do Retail Stores Have Private Label Credit Cards?

Steve Sheinkopf  |  February 03, 2020  |  3 Min. Read

How to Buy Appliances  |  Financing

Start finding answers in our Resource Center full of videos, buying guides, and checklists

Start Here

Ever wonder why every company you shop at is trying to push its own store credit card?

Like us, for example? 

The Yale Card

Whether you buy a blouse or a Thermador kitchen with your credit card, every store will have the same problem - accepting credit cards. This issue is becoming a more significant problem every year.

Here's that Thermador kitchen you're going to put on your credit card, for example:


In this article, we will tell you what that problem is and how to use it to your advantage (even if it’s against us).

Then you'll read about our plans and other stores' to solve this problem. At the end of this article, you will understand the dynamics of credit cards and how to incorporate this into your purchases to save money (in some cases, lots of it).

Your Credit Card Then And Now

Your father and grandfather mostly likely had the first bank cards from Baybank or Bank of Boston decades ago. My first credit card was from Shawmut Bank back in 1982. I was so proud.

However, your card is now probably JetBlue MasterCard or a Disney Visa, for example. I have a Marriott Card from Visa. Almost every card has reward points, whether its flights, rooms, or other perks.

Thirty years ago, the bank would charge a store 1.5% because it was just a transaction. Now your points cards can cost a store an additional 2.7-3.5% depending on the purchase.

In the appliance business, 15% of the profit can be lost on a card swipe for many appliances.

That is important for you to remember as a consumer with that credit card. 

Short on time? Get our free Appliance Buying GuideLearn More

Private Label Store Cards

Store cards are all underwritten by three companies, CitiFinancial, Wells Fargo, and Synchrony Bank (used to be GE).

They charge stores anywhere from 0% - 0.99%, which is significantly less than a credit card. When you look at tons of transactions, 2-3% adds up to be a ton of money.

That’s why you will always get 10% off or some other freebie to open a store credit card.

What the store is hoping you will do is to continue shopping with their store card instead of your regular credit card going forward. 

Read the Fine Print

Store cards usually have great opening offers. However, they should only be used if you can pay the balances.

Interest rates can be as high as 27% for private label store cards, depending on where you live. It’s almost impossible to pay off with that kind of interest being charged.

Regular credit cards are typically a bit less, but not much. In fact, credit cards, in general, should be paid off monthly. 

The Yale Card

The Yale Card: What You Need To Know [VIDEO]


We paid over 2 million dollars to credit card companies in 2019.

That’s enough to match the company contribution to medical at l 1.6 million for staff and more than doubled our charity outreach at $400,000.

I think about it in those terms.

So rather than paying the banks, we will give you a better option and more on an ongoing basis. 

The Yale Card

Apply now for the all-new Yale Card by clicking here. 

Here are the top five benefits we are introducing with the new Yale Card:

1. Free, Great Delivery on purchases over $799

Sure, everyone advertises free delivery, but it's never really “free.” There's always a charge for removal, stairs, removing packaging, and basic installation. 

Our delivery will include:

  • Removing your old appliance
  • Connection of your new electric range, dryer, freestanding refrigerator with existing fittings
  • Delivering up to 2 flights of stairs is included
  • Removing of product packaging and boxes
  • Protecting your floor with Masonite to avoid damage

We’re not just dropping it off at your door. By the way, we only have a 2-hour window, and you can track the truck right to your house within thirty minutes. 

To learn more about our delivery policy, click here. 

2. 10% off Yale Backed Warranties

You can now buy warranties at 10% off and still get 50% back at the end of the warranty if it's unused. In case you do need service, we have 33 trained service technicians to fix your appliances.

Here is the team that will do it: 


Yale Appliance Service Team

3. Early Access to Tent Sales and Outlet Sales

The average discount is 20-60% on perfectly good appliances at our Outlet and Tent Sales. In fact, the two sales lasted 39 and 57 minutes last year. The average product sold was about $1,100, meaning you could save $400 on average per product. 

As a Yale cardholder, you get early access before anyone. 

Subscribe anytime for our sales and events notice by clicking here. 

4. 5% off Outlet

The outlet in Dorchester is customer returns, floor displays, and overstock at discounted prices. You will save another 5% on top of using the Yale card. 

5. Cardholder Specials

There will be specials periodically for cardholders only.

If you're remodeling or need appliances or kitchen plumbing, click here for all of our benefits to the Yale Card. 

That’s it (for now). We are doing what every store is trying to do - namely, to get you out of the habit of reaching for your points card and offering more value for you at less cost for us.

Should You Use A Private Label Store Credit Card?

That all depends on what the advantages are. If the store isn’t offering any incentives, use your points card.

Then you should weigh the advantages of that store versus the points advantages.

For example, I am a Platinum Points member for Marriott (whatever that means), and I've had free hotel nights over 3+ years. The real value is about $600-900 per year.

For what we sell, you should consider our card. You save the $79 delivery and another $30 on the warranty. If you go to the outlet, you will save $400 plus the other benefits.

These are just single purchases. There is more when you buy more.

You also have a flexible payment options like 6 months of minimum payments versus 30 days for a credit card.

Credit has become a big problem for all of us, stores and people. It's starting to be prohibitive to accept as a business and to pay the interest as a person.

So choose wisely.

Additional Resources 

Want more information on appliances? Get the Yale Appliance Buying Guide with features, specs, buying strategies, and the answers to the top 10 appliance questions. Well over 620,000 people have read and trusted a Yale Guide.

View our appliance buying guide

Related Articles


A few review sites have placed this at the bottom of their articles. So here is our take: Our mission is to find reliable products for you to buy. Other review sites may say this as well.

However, we don’t love every product. Quite frankly, it costs us way too much money in repair costs to support less reliable brands.

In fact, we sell fewer brands than most appliance stores. Here is why:

We feel it is our responsibility to repair your appliances after you buy them.

We now have 30 service technicians, each averaging 8-10 calls a day Monday through Friday, plus another 110 on Saturday. That's over 30,000 service calls logged in one year.

The labor rates of fixing an appliance do not come close to the true cost in any product’s warranty period.

That is why no major retailer has a service department. It costs too much labor, money and time.

Our Blog is a bit different than most others you will read. We cannot write glowing reviews of unreliable products.

Hopefully, the bloggers and organizations who write such glowing product reviews for every brand consider servicing these products first. Only then they will understand the consequences of their marketing.

Steve Sheinkopf

My goal has always been simple: I want Yale to be the best retail experience anywhere. I have tried to create a compelling environment for customers and employees alike.

A Note About Pricing

Pricing on this blog is for reference only and may include time sensitive rebates. We make every attempt to provide accurate pricing at time of publishing. Please call the stores for most accurate price.

Suggested Articles