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In case you continuously end up rifling by the racks at Ann Taylor or its sister retailer, Loft — or when you’re a fan of discount looking on the manufacturers’ outlet and manufacturing facility shops — you might wonder if the bank card is as stylish as its garments.
Issued by Comenity Financial institution, the Ann Taylor bank card affords run-of-the-mill upsides for a retail bank card: an honest rewards charge on purchases with the retailer, with just a few particular perks and reductions. However as with most retailer playing cards, strict expiration dates and redemption guidelines make the decide rather less trendy.
1. There are 2 variations of the cardboard
The Ann Taylor bank card is available in two types, every tailored for particular credit score histories. Each provide the identical rewards on purchases inside the Ann Taylor and Loft manufacturers, and people rewards accrue as factors within the retailer’s free-to-join StyleRewards retailer loyalty program. However there are just a few key variations past that:
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The Ann Taylor bank card is a “closed-loop” bank card, that means you should use it solely inside the Ann Taylor, Ann Taylor Manufacturing unit, Loft and Loft Outlet manufacturers, each in-store and on-line. You may earn additional StyleRewards factors if you do.
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The Ann Taylor Mastercard is an “open-loop” bank card, which suggests you should use it anyplace Mastercard is accepted. It, too, earns StyleRewards factors on Ann Taylor and Loft purchases, however you may additionally earn factors anyplace else you utilize the cardboard.
With a single Ann Taylor bank card utility, you’ll be thought-about for each variations of the cardboard. Candidates with robust credit score will likely be supplied the Ann Taylor Mastercard. In case you’re not eligible for the Mastercard model, your utility will likely be routinely thought-about for the store-only card.
2. Each playing cards earn 5X again on Ann Taylor and Loft purchases
All Ann Taylor bank card holders earn 5 factors per $1 spent at Ann Taylor or any of its affiliated shops. These embody Ann Taylor Manufacturing unit, Loft and Loft Outlet. (On-line purchases additionally rely.) The Ann Taylor Mastercard, although, additionally earns 2 factors again on gasoline and groceries, and 1 level again on all different purchases.
Each 1,000 factors earned interprets to a $10 retailer reward, giving the factors an industry-standard worth of a penny every.
That’s an honest rewards charge, however understand that all members of Ann Taylor’s StyleRewards program — impartial of the bank card — already earn 2 factors per $1 spent as a baseline.
🤓Nerdy Tip
To gather rewards, Ann Taylor bank card holders should be members of the model’s free-to-join StyleRewards program, which has two tiers. You begin as an “Insider,” however can transfer as much as “VIP” standing by spending $500 or extra with the model in a 12 months. VIP standing confers just a few additional perks, together with a richer birthday reward and a further free transport certificates.
Who would not wish to be rewarded?
Create a NerdWallet account for personalised suggestions, and discover the cardboard that rewards you probably the most in your spending.
3. Expiration dates on rewards run small
Like many retailer rewards packages, the redemption timeline for Ann Taylor bank card rewards is a brief one, designed primarily to maintain prospects purchasing repeatedly with the model.
Factors are legitimate for a 12 months after they’re earned, which is fairly commonplace. However every time you accumulate 1,000 StyleRewards factors, Ann Taylor routinely converts these to a $10 rewards certificates despatched through e-mail. And as soon as issued, these certificates include a 90-day expiration timer.
That makes it troublesome to save lots of up rewards for a giant buy. And except you’re a frequent Ann Taylor shopper, you might be hard-pressed to make use of rewards earlier than they expire.
Alternate decide: Citi Double Money® Card
If monitoring expiration dates and bonus classes isn’t your type, contemplate a normal buy money again bank card just like the Citi Double Money® Card. This $0-annual-fee card earns 2% money again on all purchases: 1% if you purchase and 1% if you pay them off. Mixed with the two factors again in StyleRewards earned by Ann Taylor’s free-to-join retailer rewards program, that provides as much as 4x again in rewards.
4. Store the primary Tuesday of every month for 15% off
Ann Taylor credit score cardholders profit from 15% Tuesdays, a purchasing occasion the place cardholders get an additional 15% low cost on purchases. For purchasers keen to schedule their purchasing sprees, it is a invaluable perk. The deal would not apply to present playing cards, transport charges or gross sales tax on purchases. Even so, it is a helpful method to stack up financial savings.
🤓Nerdy Tip
As of this writing: Together with Tuesday reductions, each Ann Taylor bank cards provide a $20 low cost off every cardholder’s first buy instantly upon account opening. Plus, Ann Taylor Mastercard holders who make an eligible buy at a non-Ann Taylor retailer inside 60 days of approval will earn a further $20 reward.
5. Free transport comes with a caveat
Whereas the cardboard promotes a free transport profit, it is restricted to purchases of $75 or extra. That’s a excessive spending threshold for transport as a bank card profit. Many related retailers provide free transport with decrease minimal spending and no matter which bank card you utilize.
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