Product Comparison
What is the difference between our credit card and store card? Here is the answer:
Bits Store Card
- A digital card
It's a digital card, not physical.
- Shop only in Bits store
You can use it in the Bits store, paying 70% up front for each purchase, and 30% goes on the credit line.
- Higher credit limits
Limits tend to be higher than on the credit card, meaning that this is more impactful with building credit.
- Paid in full, monthly
You have to pay back your balance in full, with a single bullet repayment every month.
Bits Credit Card
- A physical credit card
It's a real piece of plastic. Sent to your home.
- Shop across the world
You can use it wherever Mastercard is accepted.
- Low credit limits
You get a low credit limit to start with, lower than what you'd get from a bank credit card.
- Paid in full, weekly
You have to pay back your balance in full, with a single bullet repayment every week.
Not repaying on time will result in an adverse report to the credit agencies which may negatively impact your credit score.
Please note that the Bits Credit Card and Bits Store Card are not regulated credit products as they are structured under exemptions in the Regulated Activities Order.