With a whole bunch of shops throughout greater than 15 Southeastern states, Belk is a beloved model amongst Southerners who admire the division retailer’s glorious customer support, cheap costs, and large choice of attire, dwelling items, cosmetics, and extra.
The Belk bank card, issued by Synchrony Financial institution, affords spectacular rewards charges, starting from 4% to 7% again in rewards, relying in your degree of spending annually.
Even so, should you’re an rare Belk shopper — or if there’s any probability you’ll carry a stability in your Belk spending — chances are you’ll be higher off with a extra easy cash-back bank card.
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Although Belk affords frequent coupons to e mail subscribers, the model doesn’t have a standard retailer rewards program for noncardholders. Carrying and utilizing a Belk bank card is the one solution to earn and redeem retailer rewards.
Listed here are 5 issues it is best to know concerning the Belk bank card.
1. There are two variations of the cardboard
With a single software for the Belk bank card, you’ll truly be thought of for 2 variations of the cardboard. Finally, the cardboard you’re supplied will rely in your monetary document and credit score scores. These are the 2 playing cards you’ll be thought of for:
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The Belk Rewards+ card is a “closed-loop” bank card, that means it may be used to make purchases solely inside Belk shops and salons, in addition to on Belk.com.
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The Belk Rewards+ Mastercard is an “open-loop” bank card, that means you need to use it wherever Credit cards are accepted.
Each playing cards provide the identical in-store earnings and advantages, however the Belk Rewards+ Mastercard affords rewards on eligible purchases exterior of Belk — extra on that under.
2. Massive spenders earn rewards at increased charges
Like most retailer playing cards, the Belk bank card is designed to reward model loyalists, providing elevated rewards if you spend extra on the cardboard at Belk. Right here’s how a lot you’ll earn at every spending tier, no matter which model of the Belk card you may have:
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Spend $299.99 or much less per calendar yr on the cardboard at Belk: You attain Belk’s “Insider” tier, and your card earns 4 factors per $1 spent at Belk, equal to 4% again in retailer rewards.
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Spend between $300 and $999 on the cardboard in a calendar yr at Belk: You hit the “Premier” degree, and your card earns 5 factors per $1 spent at Belk, equal to five% again in retailer rewards.
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Spend $1,000 or extra in a calendar yr at Belk: You attain “Elite” standing, and your card earns 7 factors per $1 spent at Belk, equal to 7% again in retailer rewards.
Past that, the open-loop Belk Rewards+ Mastercard model additionally affords 2 factors per $1 spent on gasoline and grocery purchases, together with 1 level per $1 spent on all different non-Belk purchases.
With both card, when you attain the spending threshold for a brand new standing tier at Belk, you’ll begin incomes rewards at that standing starting with the following billing cycle, and you may keep that standing till the top of the next yr. If, for instance, you earned Elite standing in September 2023, you’d preserve that standing till Dec. 31, 2024.
Observe, nevertheless, that qualifying purchases mandatory to succeed in a standing tier will reset every January. So within the instance above, whilst you’d get pleasure from Elite standing till the top of 2024, your purchases from October to December 2023 would not depend towards your standing in 2025.
3. Rewards can’t be saved for an enormous splurge
That is one other space the place the Belk bank card is not the very best deal for simply occasional guests. Every time you earn 500 factors by means of your Belk bank card, these factors are robotically transformed to a certificates for $5 in Belk Rewards {Dollars}. Certificates are despatched through e mail or by means of your paper bank card assertion and sometimes expire inside 90 days of issuance.
You may apply as much as $200 in Belk Rewards {Dollars} to a single transaction. However with such a brief expiration window, all however essentially the most frequent Belk buyers could battle to avoid wasting up rewards for a major buy.
To assist maximize financial savings, you may stack Belk Rewards {Dollars} with the shop’s frequent on-line, in-app and paper coupons.
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Each variations of the Belk bank card are additionally accepted inside Belk salons, and funds for salon providers apply towards your rewards tier. Nonetheless, funds for salon providers don’t earn factors towards retailer rewards, and you may’t use Belk Rewards {Dollars} to pay for salon providers.
4. Financing plans can be found, however they arrive with phrases
As of this writing, the Belk bank card affords a wide range of financing plans to assist buyers unfold the price of massive purchases over time:
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The Desk Prime Particular Fee Plan might be utilized to Conn’s x Belk purchases or guild merchandise (together with china, crystal, silver and desk linens) with an preliminary buy of $300.
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The Effective Jewellery Particular Fee Plan is offered with an preliminary in-store buy of $500 or extra on eligible advantageous jewellery. As soon as established, the plan can be utilized to future in-store advantageous jewellery purchases of $150 or extra.
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The Belk Rewards+ Flex Pay Plan is offered upon request for Premier and Elite degree cardholders. As soon as activated, this plan is robotically utilized to all buy varieties till cardholders request to cancel Flex Pay.
These choices perform very similar to some purchase now, pay later plans. They can help you finance a Belk buy in your card with out curiosity — so long as you pay the agreed-upon minimal quantity every month beneath the phrases of the plan. Should you do not meet these necessities, chances are you’ll be topic to curiosity or late charges.
Additionally, notice that purchases made with these financing plans don’t earn rewards, nor do they depend towards your Rewards+ standing for future calendar years. So if you want to finance a big Belk buy over time, you is perhaps higher off with a standard 0% intro APR bank card.
5. You gained’t wish to carry a stability
As of September 2023, each the Belk Rewards+ bank card and the Belk Rewards+ Mastercard carry a variable APR approaching 30%. That’s not an unusual determine amongst retailer bank cards, however it’s increased than common.
Which means to truly get monetary savings by means of the Belk bank card’s elevated rewards, it’s important that you just pay your stability in full every month. Should you don’t, likelihood is excessive that the curiosity you accrue on the cardboard will outweigh any rewards you‘ve earned.