<PAGE>


                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549
                                  
                          ----------------------   
                             
                                 FORM 8-K

                          ----------------------
                                  
                              CURRENT REPORT

                  Pursuant to Section 13 or 15(d) of the
                     Securities Exchange Act of 1934

                          ---------------------- 
                               
Date of Report (Date of earliest event reported)               March 15, 1996

                          ----------------------

                        JCP MASTER CREDIT CARD TRUST
                        (Issuer of the Certificates)
     
                              JCP RECEIVABLES, INC.
               (Exact name of registrant as specified in its charter)

                        
     Delaware                       0-17270                75-2231415
(State or other jurisdiction      (Commission            (IRS Employer
     of incorporation)            File Number)         Identification No.)

       5001 Spring Valley Road
       Dallas, Texas                                    75244
(Address of principal executive offices)              (Zip Code)

(Registrant's telephone number, including area code):  (214) 960-4611

</PAGE>
<PAGE>

Item 7. Financial Statements and Exhibits.
        ----------------------------------

The following are filed as Exhibits to this Report:

     99.1     Monthly Certificateholders' Statement - Series B
              for the month ended February 29, 1996.

     99.2     Monthly Certificateholders' Statement - Series C
              for the month ended February 29, 1996.

</PAGE>
<PAGE>

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                     JCP RECEIVABLES, INC.

Date:  March 15, 1996           By:  /s/ Catherine A. Walther
                                     ------------------------
                                         Catherine A. Walther
                                         President

</PAGE>
<PAGE>


                           INDEX TO EXHIBITS

Exhibit
Number                Exhibit
-------               -------
99.1      Monthly Certificateholders' Statement - Series B for
          the month ended February 29, 1996.

99.2      Monthly Certificateholders' Statement - Series C for
          the month ended February 29, 1996.

</PAGE>
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 2682}]
{"company-data": {"conformed-name": "JCP RECEIVABLES INC", "cik": "0000833210", "assigned-sic": "6141", "irs-number": "752231415", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17270", "film-number": "96535243"}, "business-address": {"street1": "5001 SPRING VALLEY RD", "city": "DALLAS", "state": "TX", "zip": "75244", "phone": "2149604611"}, "mail-address": {"street1": "5001 SPRING VALLEY ROAD", "city": "DALLAS", "state": "TX", "zip": "75244"}}
SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549
                                  
                          ----------------------   
                             
                                 FORM 8-K

                          ----------------------
                                  
                              CURRENT REPORT

                  Pursuant to Section 13 or 15(d) of the
                     Securities Exchange Act of 1934

                          ---------------------- 
                               
Date of Report (Date of earliest event reported)               March 15, 1996

                          ----------------------

                        JCP MASTER CREDIT CARD TRUST
                        (Issuer of the Certificates)
     
                              JCP RECEIVABLES, INC.
               (Exact name of registrant as specified in its charter)

                        
     Delaware                       0-17270                75-2231415
(State or other jurisdiction      (Commission            (IRS Employer
     of incorporation)            File Number)         Identification No.)

       5001 Spring Valley Road
       Dallas, Texas                                    75244
(Address of principal executive offices)              (Zip Code)

(Registrant's telephone number, including area code):  (214) 960-4611
Item 7. Financial Statements and Exhibits.
        ----------------------------------

The following are filed as Exhibits to this Report:

     99.1     Monthly Certificateholders' Statement - Series B
              for the month ended February 29, 1996.

     99.2     Monthly Certificateholders' Statement - Series C
              for the month ended February 29, 1996.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                     JCP RECEIVABLES, INC.

Date:  March 15, 1996           By:  /s/ Catherine A. Walther
                                     ------------------------
                                         Catherine A. Walther
                                         President
INDEX TO EXHIBITS

Exhibit
Number                Exhibit
-------               -------
99.1      Monthly Certificateholders' Statement - Series B for
          the month ended February 29, 1996.

99.2      Monthly Certificateholders' Statement - Series C for
          the month ended February 29, 1996.