Bloomingdale’s Credit Card offers its cardholders the opportunity to earn rewards and enjoy exclusive benefits when shopping at the renowned department store. As a popular choice amongst fashion-savvy consumers, this store-branded credit card is worth considering for those who frequently make purchases at Bloomingdale’s. With an initial bonus of a 20% discount on your first purchase, cardholders are off to a promising start as they set out to make the most of their shopping experience.
However, it’s important to note that the Bloomingdale’s Credit Card comes with a high APR, a factor which may discourage some potential applicants. When looking at this card, it’s crucial to weigh the pros and cons to determine whether it is a suitable option for one’s specific needs and spending habits. While the rewards and benefits may be attractive, it’s essential to keep in mind the financial responsibility that comes with owning a credit card and maintaining a healthy credit score.
In this article, we aim to provide an in-depth review of the Bloomingdale’s Credit Card to help potential applicants make an informed decision. By examining its rewards, benefits, fees, and other essential factors, readers will gain a comprehensive understanding of this card and how it stacks up against similar store-affiliated credit card options available in the market.
Bloomingdale’s Credit Card Overview
When shopping at Bloomingdale’s, consumers have two credit card options to consider: the Bloomingdale’s Credit Card and the Bloomingdale’s American Express Card. Both cards offer rewards and benefits tailored to frequent shoppers of Bloomingdale’s stores and Bloomingdales.com. This section will provide a brief comparison of these two cards to help you understand their key features and benefits.
Bloomingdale’s Credit Card vs Bloomingdale’s American Express Card
Bloomingdale’s Credit Card
The Bloomingdale’s Credit Card is a store card designed specifically for use at Bloomingdale’s stores and Bloomingdales.com. Issued by Department Stores National Bank, this card offers several perks for Bloomingdale’s shoppers:
- No annual fee
- Accumulate points for every dollar spent at Bloomingdale’s, which can be redeemed for store discounts
- Access to exclusive cardmember offers and events
- Potential to reach higher membership tiers based on annual spending, unlocking additional benefits
However, the Bloomingdale’s Credit Card cannot be used at other retailers and might not be ideal for those looking for a more versatile credit card.
Bloomingdale’s American Express Card
The Bloomingdale’s American Express Card, also issued by Department Stores National Bank, provides more flexibility compared to the store card. With this card, you can enjoy the same benefits as the Bloomingdale’s Credit Card, along with additional perks:
- Can be used anywhere American Express is accepted, not just at Bloomingdale’s
- Earn rewards points for spending not only at Bloomingdale’s but also at other retailers
- Potential for higher rewards rates in certain spending categories, such as dining, gas, and groceries
In summary, both the Bloomingdale’s Credit Card and the Bloomingdale’s American Express Card offer valuable benefits for frequent Bloomingdale’s shoppers. The primary distinction revolves around the versatility of the cards, with the American Express Card allowing more extensive use and rewards earning potential beyond Bloomingdale’s stores.
Rewards and Benefits
The Bloomingdale’s Credit Card offers various rewards and benefits to cardholders providing a delightful experience when shopping at Bloomingdale’s stores or online.
Loyallist Program
Bloomingdale’s Credit Card users are automatically enrolled in the Loyallist Program. This reward program allows cardholders to earn points on every purchase made at Bloomingdale’s, online or in-store. For every dollar spent, cardholders receive:
- 1 point per dollar with a Bloomingdale’s Credit Card
- An additional point per dollar when using a Bloomingdale’s American Express Card
Cardholders can then redeem these points for discounts on future purchases. Once a cardholder earns 5,000 points, they receive a $25 Reward Card which can be used on their next Bloomingdale’s purchase.
Triple Points Events
Throughout the year, Bloomingdale’s hosts Triple Points Events, where cardholders can earn 3 times the regular points on their purchases within a specific time frame. This significantly accelerates the rewards accumulation and increases the value of the card for frequent shoppers.
Free Shipping
Bloomingdale’s Credit Card users enjoy the perk of free shipping. This benefit applies to all orders placed online or in-store, with no minimum purchase requirement. It offers a convenient and cost-effective shopping experience for cardholders.
Gift Wrapping
Lastly, Bloomingdale’s Credit Cardholders can take advantage of complimentary gift wrapping service when shopping in-store. This service adds a touch of personalization and luxury to the cardholder’s shopping experience, making gift-giving even more special.
Fees and APR
Annual Fee
The Bloomingdale’s Credit Card has an annual fee of $0. This makes it an attractive option for those who shop at Bloomingdale’s frequently and wish to earn rewards without worrying about an additional yearly cost.
Late Fee and Grace Period
In the event of a late payment, the Bloomingdale’s Credit Card will incur a late fee. The fee structure is as follows:
- Up to $29 for the first late payment
- Up to $40 for any subsequent late payments within six billing cycles
The credit card offers a grace period for new purchases. This allows cardholders to avoid interest charges on the new balance if the statement balance is paid in full by the payment due date. Make sure to take advantage of this feature to avoid additional charges.
Foreign Transaction Fee
For international purchases, the Bloomingdale’s Credit Card may charge a foreign transaction fee. It is essential to consider these fees when using the card for purchases outside of the United States. However, the specific foreign transaction fee percentage may vary, and it is advised to check with Bloomingdale’s or the issuer for the most accurate and up-to-date information.
In summary, the Bloomingdale’s Credit Card offers a $0 annual fee and provides a grace period for avoiding interest on new purchases. Cardholders must be aware of the late fee structure and potential foreign transaction fees when using their card.
Approval and Credit Score
Sign Up and Online Application
Bloomingdale’s Credit Card caters to customers with excellent or good credit scores. Applying for the card can be done through their online website, where users need to provide their personal details along with their credit score information. Customer service can be reached by phone for any issues during the sign-up process.
Hard Inquiry and Credit Bureaus
Upon applying for the card, a hard inquiry will be triggered on the applicant’s credit report, which might lead to a temporary drop in their credit score. The Bloomingdale’s Credit Card primarily uses TransUnion for approval but can also consider Experian data. If the customer isn’t approved for the credit card initially, they might still be considered for the Bloomingdale’s Store Card instead.
Usage and Rewards
Earning Points on Shopping and Dining
With the Bloomingdale’s Credit Card, shoppers can enjoy earning rewards points for their purchases. For every dollar spent at Bloomingdale’s, cardholders earn 3 points. These rewards points can also be earned when shopping at a variety of partner stores, including popular dining locations. Points are typically credited to the cardholder’s account within 60 days of each purchase.
Redeeming Points for Merchandise and Travel
Cardholders can redeem their accumulated rewards points for a variety of merchandise or travel-related options. This flexibility allows customers to make the most of their rewards, choosing the items or experiences that best suit their needs and preferences. It’s important to note that points expire after a certain period, so cardholders should monitor their account and redeem points before they lose their value.
Macy’s Card and Nespresso Shops
As a benefit of the Bloomingdale’s Credit Card, cardholders can also use their card at Macy’s stores and Nespresso shops. This added flexibility allows customers to earn points and enjoy discounts in a wider range of shopping and dining experiences, without having to carry multiple cards.
Gift Cards and Online Orders
Bloomingdale’s Credit Card users can also take advantage of the card’s perks when shopping online or buying gift cards. Online purchases often come with complimentary shipping, as well as exclusive offers and promotions for cardholders. Additionally, points can be redeemed for gift cards, allowing customers to share their rewards with friends and family, or treat themselves to a shopping spree at Bloomingdale’s and its partner stores. It’s worth noting that the Bloomingdale’s Credit Card has an annual fee of $0, making it an even more attractive option for shoppers who enjoy the store’s offerings.
Customer Services and Other Benefits
Return and Payment History
Bloomingdale’s credit card offers excellent customer service for their cardholders. If you have any issues, you can easily reach their support team for assistance. As a cardholder, you will also have access to your Bloomingdale’s account, where you can monitor your payment history and manage your balance. This allows you to keep track of your spending and stay on top of your payments.
Free Concerts and New York Attractions
One of the unique perks of the Bloomingdale’s credit card is the opportunity to receive exclusive access to free concerts and New York attractions. Cardholders can enjoy these benefits as part of their membership, making the card more valuable for those who take advantage of these offers. This can add a touch of entertainment and excitement to your shopping experience, while also providing the chance to explore attractions in New York City.
By offering excellent customer service and unique perks, the Bloomingdale’s credit card aims to provide a satisfying consumer experience. Keep in mind that it is important to maintain a good payment history and manage your Bloomingdale’s account responsibly to make the most of these benefits.
Pros and Cons
Pros:
- The Bloomingdale’s credit card comes with a $0 annual fee making it quite affordable for cardholders who frequently shop at Bloomingdale’s.
- Cardholders can enjoy exclusive discounts and offers at Bloomingdale’s, allowing for potential savings on purchases.
- The credit card is accepted at a wide range of stores, giving cardholders the flexibility to use it for various purchases.
Cons:
- One major drawback of the Bloomingdale’s credit card is the high APR. This can become a concern for cardholders who tend to carry a balance on their card.
- The credit card rewards and benefits are limited to Bloomingdale’s, which may not appeal to individuals who prefer more versatile rewards programs or don’t frequently shop at Bloomingdale’s.
- Some reviewers have mentioned that the credit limit offered on this card may be relatively low compared to other cards, reducing the overall purchasing power for the cardholder.
In summary, the Bloomingdale’s credit card is best suited for frequent Bloomingdale’s shoppers who can take advantage of the exclusive discounts and zero annual fee. However, it may not be the best choice for those seeking versatile rewards and lower interest rates.
Frequently Asked Questions
What are the benefits?
The Bloomingdale’s Credit Card offers various rewards and benefits for cardholders. With the card, you can save up to $250 on your initial purchase, and there’s no annual fee. Also, the card offers free shipping for certain online orders. However, the card’s high APR means it is best suited to frequent large-purchase shoppers at Bloomingdale’s who can pay their balance in full each month.
How to check application status?
To check your Bloomingdale’s Credit Card application status, contact the customer service team. You can do this by calling (866) 593-2543, and a representative will assist you with your application status and other queries.
What credit limit is offered?
Credit limits for the Bloomingdale’s Credit Card can vary depending on your creditworthiness. Usually, the issuing bank will review your credit history and financial information to determine a suitable credit limit. It’s important to note that a higher credit limit might be offered to those with a better credit score and financial standing.
Credit score requirement?
The Bloomingdale’s Credit Card usually requires applicants to have a good to excellent credit score for approval. This means a score of 670 or above is generally required. However, credit approval is based on more factors, such as income, employment status, and payment history.
How to apply?
To apply for a Bloomingdale’s Credit Card, you can visit the Bloomingdale’s website or a physical store. You’ll need to fill out an application form with personal and financial information, such as your name, address, Social Security Number, and income details. After submitting the application, you’ll receive a decision, generally within a few minutes.
Which bank issues the card?
The Bloomingdale’s Credit Card is issued by the financial institution Comenity Bank. Comenity Bank partners with many retailers to provide store credit cards, and they are responsible for administering the credit card program, including approval, credit limits, and rewards.
