JCPenney bank card overview
The JCPenney bank card comes with an attention-grabbing introductory bonus however has restricted incomes and redeeming choices that may make it unappealing for many customers. When you 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 may cap your earnings. Card ranking*: ⭐⭐
The knowledge 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 rating is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
The very first thing to know concerning 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, for those who do not spend loads at JCPenney, the cardboard will not be an excellent match for you.
It does supply a novel one-time welcome bonus, however even that comes with a number of strings connected. Past that bonus, you may be hard-pressed to get a lot worth out of this card.
The JCPenney bank card has no annual price and a beneficial credit score of 670.
This is what else to know.
JCPenney bank card professionals 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 giant purchases like furnishings, mattresses, fantastic 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 will get 35% off choose unique, common and sale-priced attire, sneakers, equipment, fantastic 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.
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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 frequently spending a number of cash at JCPenney. On the subject of advantages, most customers might be a lot better off with a normal cash-back or travel rewards bank card.
Associated: 4 reasons store credit cards are (almost) always a bad idea
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 every single place else.
Every level is value 5 cents apiece at, you guessed it, JCPenney, so cardholders primarily earn 5% again on JCPenney purchases and 1% again on all different purchases.
That is a strong incomes charge for those who store at JCPenney frequently, though it is value noting that you would be able to’t earn factors on greater than $2,000 spent on a single buy with the retailer. Which means that massive purchases will stay restricted of their incomes potential, which is an actual downside at a retailer that sells big-ticket gadgets like furnishings and mattresses.
You may redeem your factors for a $10 reward for each 200 factors earned, that means you may must have no less than that many factors to redeem them for money again — a irritating limitation. Your factors will not expire so long as your account is lively, however your money reward certificates will, so you may must spend inside a sure period of time to make the most of your rewards.
These earnings charges will not transfer the needle for customers who do not frequently store at JCPenney. For instance, TPG bank cards editor Emily Thompson can get behind a card with easy cash-back worth and simple perks however would not spend almost sufficient cash at JCPenney to justify this specific card.
Associated: Store vs. cash-back credit cards: Which one should I get?
Which playing cards compete with the JCPenney bank card?
There are many inexpensive bank cards obtainable that may attraction to a bigger viewers than the JCPenney Credit score Card. Listed below are only a few:
For extra choices, try our record of the best no-annual-fee cards.
Associated: The best credit cards for online shopping
Is the JCPenney bank card value 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 is you, the incomes maximums on the cardboard and intensely restricted redemption choices imply that your worth might be considerably capped in comparison with a number of different card choices on the market. Nearly everybody might be higher off getting a normal bank card as a substitute.
Associated: How to choose a cash-back credit card
Backside line
The JCPenney bank card is not 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 doubtless be a deal breaker for many.
On the subject of incomes rewards, the typical shopper might be a lot better off with a cash-back bank card.
The knowledge 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.
