Each bank sets its own terms for the credit cards it issues. Further, a given bank may set different terms for different cardholders, according to their income and credit history (a financial report card of sorts that shows how much money a person owes to his various creditors and how reliable he is about paying his bills on time).

Store cards are offered by numerous retailers nowadays in the UK and everybody has no doubt experienced walking into a shop and being offered a store card. Most of the stores will even offer you a discount on the items you are purchasing at the time just for filling in an application form.