Comenity Bank is a co-branded credit card company for retailers such as BJ’s, Express, J.Crew, Ulta and Wayfair. Comenity bank credit cards generally do not include any annual fees as they provide low credit limits with negligent approval requirements. This makes it a popular option for people with medium or no credit score. Currently, there are more than 50 million customers that have credit cards issued by Comenity Capital Bank.
The vast majority of credit cards have a common label with retail stores, although some loan programs have a common label with other types of businesses such as travel services, gas stations, car dealerships, Health care, and financial institutions.
Most Comenity cards are offered by closed or private brands, meaning you can only use them in a co-branded business. Other credit cards by nationalized banks which come with a high credit score are open and networked with Visa, MasterCard or Discover, which means you can use them wherever those cards are accepted.
Co-branded credit cards or comenity cards offer reward and advantage programs on a regular basis that focus on the business personals. They often offer a discount on the first purchase after approval such as 20% off. Birthday gifts are also very common, especially at fashion retailers. If the card is networked, meaning you have a Visa, MasterCard or Discover logo, you can also offer bonus categories that allow you to earn loyalty points or get money back for other types of shopping as well.
- 1 Why are Comenity cards so popular?
- 1.1 Benefits of Comenity Bank Credit Cards
- 1.2 Drawback
- 2 What are the best credit cards from Comenity Bank?
- 2.1 1. Marathon Visa
- 2.2 2. My BJ’s Perk MasterCard
- 2.3 3. Visa insurance card for farmers
- 2.4 4. Orbitz Rewards Visa Card
- 2.5 5. Venus Credit Card
- 2.6 6. Big Lot Credit Card
- 2.7 7. LOVELOFT Credit Card
- 2.8 8. Boscov credit card
- 2.9 9. BrylaneHome Platinum Store Card
- 2.10 10. True Value Discover credit card
- 2.11 11. Williams Sonoma Credit Card Visa
Why are Comenity cards so popular?
As we know, many customers value branch-specific credit cards for benefits such as a big discount on the first purchase or a birthday gift card. Many people take these cards in the shops where they often shop.
The credit lines start at $ 500, but as you regularly shop and pay your balance, you’ll likely get an automatic raise. In fact, these credit line increases can occur at regular intervals. However, you do not want to buy things just because you can, especially if you can not fully pay the balance.
Nonetheless, this extra line of credit combined with regular, on-time payments can help restore your balance below average. In addition, it is easy to get the rating regardless of your balance. This is another reason why Comenity Bank cards are so popular. You can use the shopping cart trick to get a contextual online quote for your new credit card.
If you are not prompted to enter your full Social Security number, you may be able to qualify without having your credit verified. For many people, this is an easy way to get better credit.
Benefits of Comenity Bank Credit Cards
In most cases, it is better to open a General Rewards credit card than a Comenity loyalty card. However, Comenity cards are a good option if you are trying to earn credit or if you are facing a low credit score. It is out of the box beneficial for dedicated shoppers who want to benefit from a co-branded or private label card issued by Comenity to earn additional rewards.
1. Rebuild The Credit
One of the main reasons for opening a Comenity Card is the replenishment of the credit. If your credit rating is poor and your application gets rejected from a traditional issuer such as Chase or American Express, you can obtain a permit for a Comenity Card. The Comenity has traditionally imposed less stringent credit requirements on its brand’s common brand cards, as credit limits are lower and most cards can only be used to buy single brand products.
Once you’ve approved a Comenity credit card and paid your monthly bill on time, Comenity creates a report for your account and sends it to the three credit bureaus mainly Equifax, Experian, and TransUnion. This will allow you to build up your balance over time, provided you pay your bills on time and keep your credit balance below 30%.
2. Avoid Lengthy Process
Some cardholders indicate that you can open Comenity Cards without receiving a full consultation (also known as a difficulty check) in your credit report when you request them. Difficulty check has some implications: they allow lenders to view your credit report when you make a loan application and tell potential lenders that you’ve applied for a loan.
In most cases, a thorough investigation of your credit report will only temporarily reduce your score by a few points. However, if your credit rating is low or your credit rating is poor, a thorough investigation may also result in your application being rejected because the prospective lender may see your full report. As such, there is an alternative solution Comenity Bank credit card does not require the full entry of your Social Security number.
If you’re worried about not getting credit, it’s a good idea to open a secured card instead of testing a credit card in the Shopping Card solution. The shopping card trick may work for you or not. Otherwise, you run the risk of getting a difficult shot without getting approval for a card. Opening a secured card with a comenity bank, on the other hand, is a much safer thing. Comenity bank credit cards have lenient approval requirements and are intended for people who want to raise credit.
3. Earn rewards in the business
Another reason to open a credit card at Comenity Bank is the reward they offer to the businesses. Most stores offering Comenity brand tickets offer excellent discounts and permanent benefits for cardholders. For example, the Torrid Credit Card offers two 30% discount cards per year and a $ 15 discount on the purchase of a $ 50 card.
The benefits and discounts vary from store to store. Be sure to check the terms and conditions for each credit card offer and loyalty program in your store. If you’re already a customer, you can probably open a Comenity loyalty card as long as you manage your credit line responsibly.
How to know if a credit card from Comenity right for you?
As we know, there are countless ways to get a credit card from Comenity Bank. Which one (or more) suits you totally depends on your credit rating and your financial goals. If you are motivated primarily by lucrative rewards, explore all your options before choosing one.
If you only want to make an expensive purchase once, you can open a loyalty card to take advantage of their great discount. However, do not do this simply because you are being pushed onto the profit line by a sales representative.
If your credit card is faulty, you may want to purchase a Comenity credit card as it can be approved without a credit check. However, first, think about what you expect from the card.
Are you trying to recover your balance by reducing your credit and making timely payments?
In that case, opening a new account can be helpful in your personal situation. But if you have debt problems and it’s not very good to pay your credit cards each month, it may be better to wait until you get a credit card from Comenity Bank.
You may also want to avoid opening a new card when you are preparing to apply for a large loan such as a mortgage. Too many loan applications can give the impression that you do not have much money. In addition, you should not feel compelled to apply for a credit card before you are ready, simply because of “urgent” action.
The Comenity Bank and other issuers regularly offer new cardholders perks, bonuses, and other perks. You can always wait or try to use another card to find the best deals available when you are really ready.
One thing you should know is that before going for a comenity bank credit card, compared to other credit cards, we know that comenity lacks customer service.
most people say that their payments were late, resulting in fees for late-payments and a deterioration in their creditworthiness.
Most Comenity credit cards do not offer an automatic payment option. It is therefore advisable to make your payments in due time before the due date to ensure they have been received. It has also been reported that their customer service representatives are not very helpful.
What are the best credit cards from Comenity Bank?
Every credit card offered by comenity bank usually comes with an incentive. In most cases, you will get a discount on your first purchase, which is usually between 10% and 20%. Afterward, some offers and discounts can be sent to you throughout the year.
Depending on the business credit card, some may offer better benefits than others. Finally, all participating businesses that do not belong to the same company have different strategies for the benefits that are offered to cardholders.
If this is the main reason why you open one or more credit cards in the Comenity Bank Store, look for the credit cards that offer the best rewards. In this case, we have mentioned 11 of our favorites comenity bank credit cards in terms of the biggest benefits cardholders can get below.
1. Marathon Visa
This gasoline-fueled credit card is ideal for those who own a car and lives in the eastern half of the United States. Marathon visa card provides fuel savings on all 5,500 marathons in 19 states.
When you sign up, you will be automatically entitled to strong incentives. As a general rule, the more you ask for your Visa card, the more money you get.
Let’s understand with an example, if you charge $ 1,000 per month for the first 90 days, you will receive a 50 cents per gallon discount on your marathon purchases. And, if you spend between $ 500 and $ 999 per month, you will receive a refund of 30 cents per gallon.
Even if you spend less than $ 500, you will receive a refund of 10 cents per gallon. Once you’ve received a refund of at least $ 25, you will receive a credit card that you can use with any future purchase of Marathon. After the first period, you will receive a refund of 2 cents and after accumulation, you will only be charged $ 10.
If you drive a lot and agree to pay your balance monthly, this could be a very lucrative card for you. Of course, you also have to make sure that you live in an area with many marathon locations. When used correctly, however, the Marathon visa can have a major impact on your monthly gas bill, making it a popular map of the Comenity Bank.
2. My BJ’s Perk MasterCard
My BJ’s Perks MasterCard is a free credit card for BJ Wholesale Club members. Most of its locations are on the east coast. If you live nearby, you should consider using your money banking program, especially if you are a frequent shopper and want to do wholesale shopping. It is notably a complete card as there is no annual fee involved.
You will receive cash refunds for various types of purchases that can then be used for future BJ purchases. For example, depending on the membership level you choose, you will receive a 3% or 5% refund for one of your BJ purchases.
In addition, all cardholders at BJ petrol stations receive 10 cents per gallon. You also get a 2% refund if you go out to dinner somewhere and buy gas from another gas station.
If you shop everywhere with your BJ MasterCard, you will receive a 1% refund. As long as you know your monthly credit, you can save money quickly with this credit card. Let’s look at an example. For example, spent $ 500 a month on the elite credit card with BJ, $ 120 for the BJ, and $ 300 for the catering a month.
This is the only way to earn more than $ 33 per month without taking into account the one-percent refund of other purchases. That’s almost $ 400 every year. In our opinion, It’s not a bad deal if you charge strategically and responsibly.
3. Visa insurance card for farmers
This is another great comenity bank card with handy benefits, no matter where you live. For every purchase you make, you receive points that you can redeem against bank statement credits, travel cards, gift cards, and more. Another big advantage is that the annual interest rate for the first 12 months is 0% which is a big plus. Thereafter, the interest rates are between 13.99% and 20.99%.
How do you get points with the visa insurance card?
You will earn 3 points for every $ 1 you spend on Farmers products, gasoline or home improvement items. You will also receive 1 point for every dollar spent on everything you download with your farmer visa.
The points never expire and there is no maximum of what you can win. If your most expensive purchases are petrol or repair items, think about this card.
If you tend to have a small balance occasionally, as no interest is charged in the first year. You just need to make sure that you settle your debts fully before the introductory period. Otherwise, your credit may be subject to a high-interest rate.
4. Orbitz Rewards Visa Card
The Visa Orbitz Rewards Card is issued by Comenity Bank in conjunction with the Orbitz.com Travel website. If you go in the right direction, you can earn up to 10% on “Orbucks” awards for legitimate purchases.
Even if you do not fully optimize this card, you will receive a refund of at least 2% of the rewards on all issues that are not part of a bonus category which is great.
However, it is not always easy to earn higher card rewards. It totally depends on what you book and how you book it. Moreover, despite having a high reward score, the exchange is restrictive. Orbucks can only be used for eligible hotel stays.
You can win up to a 10% premium on hotel reservations in Orbitz. Many of the best travel credit cards charge annual fees that start at around $ 95 and reach hundreds of dollars. Many cards charge for overseas transactions, making it a poor choice for overseas use. The Visa Orbitz Rewards card does not charge any of these fees. It does not cost you anything to win where your plans lead you.
5. Venus Credit Card
Venus Credit Card is also a great card managed by COMENITY Bank. The person who wants to use this credit card needs to have a credit score between 620 and 850 with no annual fee. The annual purchase rate of this credit card is 25.24% and offers significant benefits to those who have shopping habits at the Venus Store. This credit card is not linked to a large network such as Visa or MasterCard, so using the Venus credit card is slightly less than other cards.
But on the other hand, this credit card offers exclusive rewards, offers, and promotions to the loyal buyers of your Venus business. Rewards and permanent discounts are as follows:
- Each time the customer uses the Venus credit card for the first time, they receive a $ 15 discount.
- The person using the card or the name of the card will receive a $ 15 gift certificate on the day of their birthday.
- Whenever you spend $ 100 at the Venus store, you will receive $ 5.
- Venus Store offers a variety of surprise offers, promotions on special occasions or according to its policies on a timely basis. The person who has this credit card will face no difficulty in changing the product in the shop.
6. Big Lot Credit Card
The Big Lots credit card is the perfect companion when you’re adjusting or improving your credit. You just need Jump and grab this special card, because there is no annual fee accumulated. This is only an advantage for people like us because we really do not like these extra costs. Let’s take a look at some of the great features that the Big Lots credit card offers:
- No annual fee: as there is no annual fee, you have more time to pay the balance.
- Special offer for members: Big lot credit card provides special offers to their loyal customers who pay their bills on time.
- Flexible financing: The company works with you when you are in a temporary financial situation and need time to settle the balance. Only qualify for this benefit if you make a qualified purchase.
The Big Lots credit card is a safe and effective way to make everyday purchases such as snacks, personal care products, outdoor items, entertainment equipment, or anything else useful for your trip. That means you should not be on the road without basic needs. The Big Lots Store offers a variety of important things and fortunately, there are many across the country.
The annual purchase rate is 29.99%, which is quite high for a credit card. After building a partnership with Progressive Financing, you can also buy furniture with the Big Lots credit card. This is a great advantage for people who start a new life in new cities. Therefore you would not have to pay a high-interest rate in such a case.
7. LOVELOFT Credit Card
For those who frequently buy lofts, Comenity bank offers them their credit card services known as the LoveLoft MasterCard credit card.
What you should expect with this card?
You get 15% off your loft purchases if you open the card today. In addition, you receive 5 LoveLoft Reward Points for every $1 you spend on Ann Taylor, LOFT, Ann Taylor Factory Outlets, Loft/Onlineshops, & 1 LoveLoft Point for all other purchases.
You can also earn $ 20 for 2,000 points earned and $ 20 for your expenses at ANN Inc. In addition to birthday specials, you get 15% off every first Tuesday of the month and a big surprise everything without annual fees.
LoveLoft Mastercard rewards you as a frequent buyer of Ann Inc. and Loft with centralized rewards for purchases made within Ann Inc. However, it is uneconomical to get bonuses outside of purchases from Ann Inc. If you have good credit & you are a good loft buyer, this card gives you pretty good rewards in return.
8. Boscov credit card
The Boscov credit card is a credit card that every Boscov fan should consider. You can use the Boscov credit card at the store, by phone or online. Boscov is a favorite among shoppers looking for the perfect accessory for an outfit, as well as buyers who need to stock up on basic clothing. The Boscov Credit Card generously rewards its buyers with 4 points for every dollar spent. This is far more generous than other reward cards, as the Boscov Credit Card is designed to reward your loyal customers with additional benefits and incentives.
When you sign up for a Boscov credit card, you automatically receive 100 bonus points. These points can be used to buy additional items. Depending on the selected element, different point accumulations are required. However, it does not take long for these points to add up. The bottom line is that you can get items without paying a penny.
You will receive a 15% discount on everything you buy when you buy it the same day you open your account. That adds up a lot if you buy just a few items, and it’s certainly an asset that pays off.
9. BrylaneHome Platinum Store Card
The BrylaneHome credit card is one of the most interesting cards that comenity bank offers. If you like to buy products and get good deals, this should definitely be on your radar. Comenity Bank’s BrylaneHome Platinum Store Card offers an additional $ 10 premium when you open a new card and use it for the first time. In addition, this card earns double points for every dollar spent at BrylaneHomes. Whether you receive a birthday gift, double points, platinum benefits or free shipping, this card offers rewards for repeat customers.
You can earn points by shopping in almost everything the business sells. If you buy many beauty products elsewhere, you can buy them here because you automatically receive $ 10 in rewards for 400 points you earn.
If you have this credit card, you can use some of these shipping costs for a special break. You can place an order four times a year without having to pay for shipping. If you’ve been buying something online lately, you know how expensive shipping can be, often almost the cost of the goods themselves.
Many credit cards require an annual fee. Not only is it frustrating, but it can also accumulate on your finances. Therefore, it is always beneficial for you to find a credit card that does not charge that kind of fee, and this is one of them.
10. True Value Discover credit card
The True Value Discover card is the best card for operators and real estate professionals who want to use the card wherever Discover is accepted, and get real rewards for those purchases. It offers no interest on purchases of at least $ 299 in the first six months and does not include annual fees. The current annual rate is between 15.99% and 26.99%.
Like other loyalty cards listed on this list, the True Value Discover® card does not charge interest on purchases over the US $ 299 for six months. Once the introductory phase is completed, the card will have a variable annual percentage between 15.99% and 26.99%.
The APRs of the True Value Discover® card are:
Normal APR: 0% interest for six months on purchases of $ 299 or more
Standard APR: variable from 15.99% to 26.99%, adjustable at top price
If you select one card based on your current APR & the business in question is not a factor for you. It is better to opt for the True Value card than the credit card at the same time like Home Depot Consumption and Lowe’s Advantage Card as your interest rates are considerably lower as compared.
True Value Discover card offers premiums of 1% to 3% in addition to the coupons you can use for your project items in True Value stores. True Value Discover® card is like the IKEA Visa card, which gives you rewards for using the card at other retailers.
The True Value offers a handful of rewards & additional benefits over other business cards, including IKEA, Home Depot, & Lowe’s. The best thing about the True Value card is that you can earn loyalty points from other merchants. This provides cardholders with excellent output flexibility, allowing them to maximize their rewards.
11. Williams Sonoma Credit Card Visa
If you’re a frequent shopper at Williams-Sonoma’s high-end home appliance retail outlets, this card is a gift for you. You can use the card to pay for purchases from the merchant and many other benefits.
The Williams Sonoma credit card is slightly different from a retail credit card. You can receive cash advances as you would with a regular credit card. If you run out of money and it’s the only card available, you’re in luck. The costs are also relatively low. You only have to pay 5% or 10 USD, whichever is higher.
Finally, you can also transfer your card credits to get a better interest rate. The company will allow you this for just a $ 5 or 3% transfer fee, whichever is greater. In general, it’s not a bad deal no matter how you see it.
The Comenity Bank credit cards are a great way to improve your credit & your rewards by constantly paying your balance. Comenity cards are also a great way to enter the world of credit cards by developing good financial habits.
Once you’ve consolidated a payment routine, you can opt for a more generic credit card that could provide even better incentives. At the same time, you benefit from lower fares because you have increased your balance with a Comenity Bank card. These are the best comenity bank credit cards for 2019. Let me know in the comments section below if you have any queries.