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JCPenney bank card overview
The JCPenney bank card comes with an fascinating introductory bonus however has restricted incomes and redeeming choices that can make it unappealing for many customers. If you happen to spend some huge cash at JCPenney, it might make sense to your pockets, however even then, the cardboard has just a few irritating spending limits that can cap your earnings. Card ranking*: ⭐⭐
The data for the JCPenney bank card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
*Card ranking relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
The very first thing to know in regards to the no-annual-fee JCPenney bank card, issued by Synchrony Financial institution, is that the rewards it earns can solely be used at, you guessed it, JCPenney. As such, when you don’t spend loads at JCPenney, the cardboard gained’t be a superb match for you.
It does supply a novel one-time welcome bonus, however even that comes with plenty of strings hooked up. Past that bonus, you’ll be hard-pressed to get a lot worth out of this card.
The JCPenney bank card has no annual charge and a really helpful credit score rating of 670.
Right here’s what else to know.
JCPenney bank card execs and cons
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JCPenney bank card advantages
The JCPenney bank card has a brief record of advantages however does include “particular financing” on choose massive purchases like furnishings, mattresses, tremendous jewellery and extra.
It does have a novel one-time welcome bonus: Get between 5% and 35% again on choose gadgets in your subsequent JCPenney buy. You may get 35% off choose authentic, common and sale-priced attire, footwear, equipment, tremendous jewellery and residential purchases; 20% off blinds and shades, housewares, storage and group, watches, salon merchandise, fragrances and choose JCPenney Magnificence purchases; and 5% off choose electronics.
Cardholders additionally get entry to JCPenney’s Unique Financial savings Day, plus particular gives all year long the place JCPenney Credit score Card members save extra on choose purchases.
These are restricted perks even for a no-annual-fee retail bank card, and so they supply no worth for individuals who aren’t commonly spending a lot of cash at JCPenney. In relation to advantages, most customers will probably be a lot better off with a basic cash-back or journey rewards bank card.
Associated: 4 causes retailer bank cards are (virtually) at all times a foul concept
Incomes and redeeming with the JCPenney bank card
The JCPenney bank card earns a simple 1 level per greenback spent on JCPenney purchases and a mediocre 0.2 factors per greenback spent in all places else.
Every level is price 5 cents apiece at, you guessed it, JCPenney, so cardholders basically earn 5% again on JCPenney purchases and 1% again on all different purchases.
That’s a stable incomes price when you store at JCPenney commonly, though it’s price noting that you may’t earn factors on greater than $2,000 spent on a single buy with the retailer. Which means large purchases will stay restricted of their incomes potential, which is an actual disadvantage at a retailer that sells big-ticket gadgets like furnishings and mattresses.
You’ll be able to redeem your factors for a $10 reward for each 200 factors earned, that means you’ll must have not less than that many factors to redeem them for money again — a irritating limitation. Your factors gained’t expire so long as your account is energetic, however your money reward certificates will, so that you’ll must spend inside a sure period of time to reap the benefits of your rewards.
These earnings charges gained’t transfer the needle for customers who don’t commonly store at JCPenney. For instance, TPG bank cards editor Emily Thompson can get behind a card with easy cash-back worth and easy perks however doesn’t spend almost sufficient cash at JCPenney to justify this specific card.
Associated: Retailer vs. cash-back bank cards: Which one ought to I get?
Which playing cards compete with the JCPenney bank card?
There are many inexpensive bank cards obtainable that can enchantment to a bigger viewers than the JCPenney Credit score Card. Listed here are just some:
- In order for you bonus rewards for on-line purchasing: The Blue Money On a regular basis® Card from American Categorical has no annual charge (see charges and charges) and earns 3% again on U.S. on-line retail purchases (on as much as $6,000 per 12 months, then 1%) and different well-liked spending classes. For extra info, learn our full assessment of the Blue Money On a regular basis.
- In order for you an excellent on a regular basis spending card: The Citi Double Money® Card (see charges and charges) is a straightforward no-annual-fee choice. You’ll earn as much as 2% again on each buy — 1% while you purchase and 1% while you pay your invoice. For extra info, learn our full assessment of the Citi Double Money.
- In order for you a easy journey card: The Capital One Enterprise Rewards Credit score Card is one other on a regular basis spending choice that earns transferable rewards miles that can be utilized at a fastened worth on eligible purchases or transferred to journey companions for doubtlessly much more worth. For extra info, learn our full assessment of the Enterprise Rewards.
For added choices, try our record of the very best no-annual-fee playing cards.
Associated: The very best bank cards for on-line purchasing
Is the JCPenney bank card price it?
The JCPenney card will solely make sense for individuals who spend a ton of cash at JCPenney and need to earn rewards to make use of there. However even when that’s you, the incomes maximums on the cardboard and very restricted redemption choices imply that your worth will probably be considerably capped in comparison with plenty of different card choices on the market. Nearly everybody will probably be higher off getting a basic bank card as a substitute.
Associated: How to decide on a cash-back bank card
Backside line
The JCPenney bank card isn’t essentially distinctive as a retailer-issued card with restricted incomes and redemption choices. The cardboard has respectable earnings charges and some meager perks, however its incomes and redemption limitations will possible be a deal breaker for many.
In relation to incomes rewards, the typical shopper will probably be a lot better off with a cash-back bank card.
The data for the JCPenney bank card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
