store card definition

store card means a payment card issued with respect to the purchase of the goods, services or facilities of (i) only one retailer or (ii) retailers who are members of a single group of interconnected bodies corporate or (iii) retailers who belong to a store card network or (iv) retailers who trade under a common name and which (in each case) has both associated retail benefits and permits the holder of the payment card under his contract with the issuer of the card to discharge less than the whole of any outstanding balance on his payment card account on or before the expiry of a specified period (subject to any contractual requirements with respect to minimum or fixed amounts of payment);
store card means a card provided by a retailer which can only be used for purchases with that retailer and which is not part of a card scheme.