With paltry rewards and a high APR, the JCPenney card is a poor choice for most cardholders, save for dedicated fans of the store who may appreciate the card’s special savings opportunities.
JCPenney Credit Card
JCPenney Credit Card is a Store Credit Cards.
JCPenney Credit Card is designed for common users of JCPenney. JCPenney, founded in 1902, is a high-end store with 100 years of experience, providing consumers with high-quality clothing, accessories, furniture and electrical appliances. JCPenney stores are most common in other shopping malls in the suburbs. JCPenney has more than 1050 locations in 49 states and Puerto Rico.Those who want to spend a lot of time (and money) in local stores may think that JCPenney credit cards are a good tool for saving money.
JCPenney Credit Card List
Sign-up BonusSave 20% on select apparel, shoes, accessories, fine jewelry, salon products, home, furniture and mattresses, and custom blinds and shades or save 5% on major appliances and select merchandise. The 20% offer can be combined with another coupon and earn JCPenney Rewards.Earn 1 point for every $1 of qualifying purchases, up to a maximum of 2,000 points in a single purchase transaction.Get a $10 JCPenney Rewards certificate for every 200 points.Earn additional JCP Rewards and discounts when you reach Gold or Platinum status with qualifying purchases and pointsRewardsProvide your email address to get your $10 rewards via email.
If you want more cash back, you can choose Town Bank Cash Back American Express Card.
- Earn 1.5% cash back on purchases
- Receive a statement credit automatically every time you earn $25 in cash back
- Rewards earned never expire!
- A one-time $50 automatic statement credit when you spend $500 in the first 3 billing cycles
- No Annual Fee
If you want to save money in your common purchases, you can choose USAA Preferred Cash Rewards Visa Signature®.
What Credit Cards Are Available? (2)
|JCPenney Credit Card
|GET $10 REWARDS
|150+ CREDIT SAVINGS DAYS
|Use anywhere Mastercard is accepted.
Information About JCPenny Credit Card You Need to Know
Synchrony Bank, the issuer of JCPenney Credit Cards, also issues an estimated 120 credit cards from other store brands. Applicants for JCPenney Credit Card receive JCPenney Master Card and are allowed to accept Master Card. Applicants can find the card they can receive after applying for JCPenney credit card.
JCPenney Credit Card is a closed-loop card, which means that the cardholder can only use it to purchase at the JCPenney store or through the official website of JCPenney. JCPenney credit cards also tend to impose lower restrictions than open-loop ones. Credit cards, with comments pointing out that the average limit is between $300 and $1000. In addition, the interest rate of JCPenney credit card is relatively high, charging 26.99% of the APR fee when purchasing.
When the cardholder is eligible to buy from the card, there will be a bonus, like rewards points. If you buy with another payment method, there is still an export earning point for every 2 spent. There is no annual fee. No matter how much you spend, the maximum is 2000 cents. The cardholder receives a $10 JCPenney award certificate for every 100 points, worth $0.05 per point.
You can earn one point per dollar with a JCPenney credit card when you shop. Other common JCPenney incentive schemes, such as gift cards, are different from JCPenney credit cards. So try using credit cards, which can help you double. You can earn rewards for every 200 points you earn. With this exchange structure, the card received a reward rate of 0.5% when JCPenney purchased it. Because this is a memory card, it cannot be used outside of JCPenney or JCP.com.
Should You Get JCPenny Credit Card?
All in all, JCPenney credit cards are best suited for those who often shop in JCPenney, especially those who spend $500 or more a year, plus additional benefits from gold and platinum schemes. While the card's high-interest rate and low tolerance for late payments mean cardholders should always pay their full balance on time each month to avoid fees or reduced credit limits.
Like most store cards, if you're not a regular customer of JCPenney, it's not good to carry this card. If you tend to drag the balance from one month to the next, you end up paying more than you get in return at crazy high-interest rates.
But JCPenney fans can enjoy a lot of bargains and 5% year-round discounts. Card applications can be done in stores or online applications.
Want the best of both worlds? Put your JCPenney on your JCPenney credit card for 5% and pay off the balance in full on time to avoid high-interest costs.
What is a store credit card?
The only difference between store credit cards and regular credit cards is that store credit cards are branded and associated with a specific retailer and its rewards program. Store credit cards offer in-store discounts, allow cardholders to earn and redeem points when making purchases.
There are two basic types of retail store credit card:
Open-loop cards: These cards with a Visa, MasterCard or American Express logo in the bottom-right, can be used anywhere.
Closed-loop cards: These cards without a Visa, MasterCard or American Express logo only can be used at their co-branded stores, online stores or affiliates.
For example, there are three types of Best buy credit cards, My Best Buy Credit Card, My Best Buy Visa Platinum Credit Card and My Best Buy Visa Card. My Best Buy Credit Card is a closed-loop card, so you can only use it at Best Buy. My Best Buy Visa Platinum Credit Card and My Best Buy Visa Card are open-loop cards, you can use them anywhere that Visa is accepted.
What are the benefits of store credit cards?
Easy to get and can help you to build credit
Because of store credit cards’ high interest rates and low credit limits, they are easy to get with fair or poor credit. If you can use it responsibly, this is an opportunity to build up your score.
A reasonable annual fee
Many great store rewards cards don’t have an annual fee.
Save money at your favorite stores
Store rewards cards have different rewards programs which are great ways to save money, especially you are a frequent customer of that shop. For example, My Best Buy Credit Card offers as much as 5% cash back.
Additional sign-up bonuses and benefits
Many store reward cards attract new customers with a sign-up bonus. What’s more, some store reward cards offer extra benefits, such as discounts, free shipping, a birthday gift and extended return policies.
Open-loop cards can be used anywhere as normal credit cards.
What are the drawbacks of a store credit card?
Low credit limits
This means that you have the risk of going over your credit limits.
High interest rates
Most store credit cards’ interest rates are higher than the industry average (17%).
Closed-loop cards are limited to single store
Many store credit cards can only be used at their store or online shop. But some store credit cards can be used anywhere like normal credit cards, such as Amazon Prime Rewards Visa Signature Credit Card.
Customer service problems
Some store credit cards are not issued by major cards issuers, so the quality of customer service is difficult to guarantee.
Some store credit cards can’t be used for balance transfers
What do you need to apply for a store credit card?
Banks approve much lower credit scores for store cards. Therefore, applying a store card is an ideal way for someone with a fair or poor credit score to rebuild his or her credit.
Credit card application
You can apply for a store credit card online, in-store or by email depending on the card. And you just need to fill in your personal information and submit your application. The credit card issuer will consider your credit reports and several different factors when reviewing your application to get an idea of your creditworthiness.
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About three-quarters of Americans have at least one credit card,In fact, the average person has 3.4 cards. But whether you have a wallet full of plastic or have never charged a purchase in your life, you should know how to apply for a credit card the right way when the time comes. getting approved for a credit card requires proactive planning that should start long before you apply. That's why Cards-Offer born, we aim to help you to find the right credit card, and then successfully apply a credit card.
How To Apply For A Credit Card
Credit card applications are straightforward, but you'll need to meet some minimum financial requirements to get approved for the best credit card offers. Learn how to apply for a credit online and what to expect after you click submit.
- Knowing your credit score and what's on your credit report can help you determine what products to apply for. If you have fair credit, for example, you may not want to apply for a card that clearly states that only applicants with excellent credit will be approved.
- If you don't have good credit, you may find it difficult to get approved for a card with a large sign-up bonus and a lucrative reward structure. Each credit card application ends up on your credit report, so the Nerds recommend using our credit cards comparison tool to find a card that fits your credit profile before applying.
- If the card allows balance transfers, you may request to have balances transferred from other credit card accounts to the new card.
- To apply for a credit card in the US, you’ll need a valid Social Security number and a positive credit history. The best rewards credit cards may require at least three to five years of good credit history, and some more than seven.
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