In the event you steadily end up rifling by the racks at Ann Taylor or its sister retailer, Loft — or if you happen to’re a fan of cut price looking on the manufacturers’ outlet and manufacturing unit shops — you could ponder whether 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: a good rewards charge on purchases with the retailer, with a number of particular perks and reductions. However as with most retailer playing cards, strict expiration dates and redemption guidelines make the choose 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 throughout 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 a number of key variations past that:
The Ann Taylor bank card is a “closed-loop” bank card, which means you should use it solely throughout the Ann Taylor, Ann Taylor Manufacturing facility, Loft and Loft Outlet manufacturers, each in-store and on-line. You may earn further StyleRewards factors whenever you do.
The Ann Taylor Mastercard is an “open-loop” bank card, which implies you should use it anyplace Mastercard is accepted. It, too, earns StyleRewards factors on Ann Taylor and Loft purchases, however you will 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 shall be supplied the Ann Taylor Mastercard. In the event you’re not eligible for the Mastercard model, your utility shall be robotically 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 embrace Ann Taylor Manufacturing facility, Loft and Loft Outlet. (On-line purchases additionally depend.) 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 Casadefinance Reader every.
That’s a good rewards charge, however remember that all members of Ann Taylor’s StyleRewards program — unbiased of the bank card — already earn 2 factors per $1 spent as a baseline.
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 a number of further perks, together with a richer birthday reward and a further free delivery certificates.
Who would not wish to be rewarded?
Create a FinanceGrabber account for personalised suggestions, and discover the cardboard that rewards you essentially the most to 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 buying usually with the model.
Factors are legitimate for a 12 months after they’re earned, which is fairly normal. However every time you accumulate 1,000 StyleRewards factors, Ann Taylor robotically converts these to a $10 rewards certificates despatched through electronic mail. And as soon as issued, these certificates include a 90-day expiration timer.
That makes it tough to avoid wasting up rewards for an enormous buy. And until you’re a frequent Ann Taylor shopper, you could be hard-pressed to make use of rewards earlier than they expire.
Alternate choose: Citi Double Money® Card
If monitoring expiration dates and bonus classes isn’t your type, think about 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% whenever you purchase and 1% whenever 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 buying occasion the place cardholders get an additional 15% low cost on purchases. For purchasers prepared to schedule their buying sprees, it is a worthwhile perk. The deal would not apply to reward playing cards, delivery charges or gross sales tax on purchases. Even so, it is a helpful option to stack up financial savings.
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 delivery comes with a caveat
Whereas the cardboard promotes a free delivery profit, it is restricted to purchases of $75 or extra. That’s a excessive spending threshold for delivery as a bank card profit. Many related retailers provide free delivery with decrease minimal spending and no matter which bank card you utilize.