Old Navy Credit Card Review: Big Incentives When You Shop at Old Navy

This credit card is a great fit for: Customers who patronize Old Navy frequently and want to gain points they can redeem for acquisitions with the retailer.

Top benefits
Sign-up perk: When you’re authorized for an Old Navy Visa Credit Card, you’ll obtain a single-use, 20% discount code to use at oldnavy.com. Ideally, you need to wait until you have a large purchase to make on Old Navy’s internet site so that you can get one of the most out of this large sign-up offer. If, for instance, you utilized your discount rate code for a $500 acquisition, you ‘d save $100. Keep in mind that there may be a different discount offer readily available if you apply in-store instead of online.

Rewards: Both the Old Navy Credit Card and the Old Navy Visa ® Card make 5 points per $1 on purchases at Void Inc. brand names. That includes Old Navy, Void, Banana Republic, Athleta, Hill City, Gap Factory and Banana Republic Manufacturing Facility. The Old Navy Visa ® Card likewise earns 1 factor per $1 on other eligible acquisitions. Since factors are worth $0.01 each, you get 5% back on acquisitions at Void Inc. brand names. If you gain 5,000 factors in a fiscal year, you’ll get upgraded to the Navyist Credit Card or the Navyist Visa ® Card, which obtains you 20% in bonus offer factors each quarter and also various other rewards. On all purchases at Old Navy and other Void Inc. brand names, you ‘d effectively be making 6 points per $1.

No yearly charge: Installment plan cards don’t generally bill annual fees, as well as the Old Navy Credit Card is no exception. Whether you obtain the Old Navy Credit Card or the Old Navy Visa ® Card, you will not require to pay anything to lug it. No-annual-fee credit cards are a clever method to go if you like to keep your bills to a minimum.

Old Navy benefits: The Old Navy Credit Card includes a pair small added perks. You’ll obtain special deals throughout the year, and also you’ll have early access to prominent sales. If you spend enough to get upgraded to a Navyist Credit card, then you’ll get more valuable additionals.

Alternatives to consider
If you want extra perk incentives: The Chase Freedom Unlimited ® makes 5% back on traveling acquisitions through Chase Ultimate Incentives, 3% back at dining establishments and also drugstores, and 1.5% back on your various other acquisitions.
If you wish to build your credit scores: The Petal ® 2 “Cash money Back, No Charges” Visa ® Credit Card is outstanding if you wish to boost your credit report, due to the fact that it does not require applicants to have a credit history. This card also does not bill any kind of charges, consisting of those bothersome foreign purchase costs that the Old Navy Credit Card has.

What could be enhanced
Initial discount rate: A 20% discount rate on an Old Navy purchase can certainly save you a lot of cash, yet it does not match the most effective sign-up incentives in regards to value. That discount rate additionally looks less important when you consider that Old Navy on a regular basis uses 20% discount rates to brand-new customers that subscribe to its e-mails. Opening Up an Old Navy Credit Card just gets you the exact same price cut you would certainly receive for simply enrolling in its email list, which is underwhelming.

Rewards beyond Space Inc. brands: Even though you can make use of the Old Navy Visa ® Card anywhere Visa is approved, its rewards price of 1 point per $1 is unimpressive. There are all type of excellent rewards credit cards that can make you more than that. As a result of that, the Old Navy Visa ® Card is only worth using at Old Navy as well as various other Void Inc. stores.

Foreign deal charge: Further limiting the Old Navy Visa ® Card is the truth that it has a 3% foreign transaction fee. If you’re mosting likely to take a trip outside of the USA, this isn’t a card you ‘d want to make use of.

Need to redeem rewards at Gap Inc. brand names: You can usually only redeem rewards from an installment plan card at that store. You have a lot more options with the Old Navy Credit Card, which at least allows you retrieve factors at any type of Space Inc. brand names. Regardless, this card’s rewards are still restricted, which is a disadvantage. When you do not have anything you intend to buy, you’re stuck. You can either allow your benefits relax or select something out entirely to retrieve your points, neither of which is a fantastic option.

Redemption minimum: You can just claim rewards for every 500 factors you gain. At that point, you’ll obtain $5 in rewards that you can retrieve either in stores or online. This isn’t a big deal, yet redemption minimums for credit card rewards can be troublesome.