Retailer bank cards have a repute for top rates of interest, restricted usefulness and rigid reward redemption. Sadly, the Eddie Bauer bank card checks all of these containers. Issued by Comenity Financial institution, the Eddie Bauer card provides few advantages that may’t be gotten by merely becoming a member of Eddie Bauer’s loyalty program. Followers of the outside attire model ought to in all probability change into members of the loyalty program to earn rewards however move on the Eddie Bauer bank card. It falls terribly wanting what a good retailer bank card ought to be.
1. The cardboard can solely be used at Eddie Bauer
The Eddie Bauer bank card is a closed-loop product, which means it’s solely good for making Eddie Bauer purchases in-store and on-line. If that feels too restrictive for you, contemplate a card just like the Blue Money On a regular basis® Card from American Categorical. It’s a card that works anyplace AmEx is accepted, and earns 3% money again on U.S. on-line retail purchases as much as $6,000 spent per yr. (After that, the cardboard earns 1%.) Phrases apply.
2. The rate of interest is excessive
As of this writing, the rate of interest, or buy APR, on the Eddie Bauer card is 32.24%. That’s properly above February 2024’s common rate of interest for interest-accruing bank cards. An exorbitant rate of interest will possible make carrying a stability very costly. Ultimately, you’ll wind up paying extra for these Eddie Bauer garments than you’d initially supposed.
3. The cardboard earns further rewards on Eddie Bauer purchases
To grasp the first advantage of the Eddie Bauer card, you’ll first have to understand how Eddie Bauer’s free loyalty program works. The Eddie Bauer Journey Rewards program has three ranges: Adventurer, Explorer and Information. Your standing inside the rewards program depends upon how a lot you spent at Eddie Bauer inside the final 12 months. Naturally, the upper the extent, the extra you may earn:
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Guides earn 5 factors for each $1 spent at Eddie Bauer. Â
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Explorers earn 4 factors for each $1 spent at Eddie Bauer.
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Adventurers earn 3 factors for each $1 spent at Eddie Bauer.
In case you have the Eddie Bauer bank card, you’ll earn an additional 2 factors for each $1, no matter loyalty standing degree. For instance, in case you’re an Explorer and an Eddie Bauer cardholder, you’ll get 6 factors per $1 spent relatively than 4. Word that cardholders should enroll within the Journey Rewards program to earn rewards.
Eddie Bauer cardholders additionally get free return delivery on orders bought with the bank card; nonetheless, this perk is out there to those that have achieved Information standing, too.
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Get 500 factors by signing up for textual content message advertising and marketing communications from Eddie Bauer.
4. The reward redemption course of has many caveatsÂ
Some bank cards earn rewards that by no means expire and allow you to redeem them at any time for any quantity. If solely issues had been as easy with the Eddie Bauer card. There are a lot of guidelines and restrictions that govern reward redemption. Amongst them:
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All factors in your rewards account expire after 12 months in case you don’t make a purchase order.Â
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Rewards are routinely issued each quarter in $5 increments.
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Issued rewards have an expiration date that’s acknowledged on the reward.Â
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Earned rewards are capped at $80 per redemption interval.
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Rewards might solely be redeemed towards future Eddie Bauer purchases.Â
The excellent news is that 1 level earned with the Eddie Bauer card is value 1 cent, a price on par with the greatest rewards bank cards.
5. There’s no sign-up bonus
The Eddie Bauer card’s lack of a sign-up bonus is disappointing and strange. Loads of retailer bank cards have welcome provides, typically within the type of retailer reductions, to entice individuals to use.
A wonderful various to the Eddie Bauer card is the Financial institution of America® Custom-made Money Rewards bank card, which has one of many greatest sign-up bonuses amongst rewards bank cards, a $200 on-line money rewards bonus after you make not less than $1,000 in purchases within the first 90 days of account opening. Plus, the Custom-made Money card earns 3% again on on-line procuring on as much as $2,500 of mixed quarterly spending between that class and grocery shops and wholesale golf equipment. (Cardholders should choose on-line procuring as their 3% bonus class to earn this rewards fee.)
To view charges and charges of the Blue Money On a regular basis® Card from American Categorical, see this page.