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Gordmans credit card: a bad idea or a good one?

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Gordmans is a well known merchandise and home décor brand. It is one of the famous American companies working for almost 100 years now. The Gordmans store has come up with its own credit card, known as the Gordmans Credit Card, so that it can lure more customers. This card is issued by the Comenity Bank. To make it easy for you, we have listed its features, and pointed out the positives and negatives of the card. Some of the benefits of this card are:

Benefits of the Gordmans Credit Card

  • 10% off on your first purchase
  • $10 rewards certificate or 5% rebate on purchases worth $200 or above
  • Double reward points on every dollar spend on purchases
  • 10% discount on your birthday
  • Exclusive discounts and coupons for card members
  • Online and in-store payment options
  • Advance notifications of upcoming promotions and events
  • No membership or annual fees

 

The Gordmans Credit Card offers 10% discount, when you make your first purchase with this card. You can get $10 rewards certificate, after you spend at least $200 on purchases, which is equal to a rebate of 5 percent. You can also earn two reward points per dollar on all purchases made using this card. Cardholders can avail special discounts and coupons, which will help them to save more as compared to other customers of the store. For instance, on your birthday, you can earn a 10% discount. These exclusive offers will be shown in your monthly billing statements, so that you can keep a track of all the discounts you earn.

 

With the Gordmans Credit Card, you will get advance notifications about upcoming promotions and events. This will make you informed and give you an edge over other customers. You can earn or redeem your points till you make minimum purchases with this store card. There is no membership or annual fee on this card. However, you will be charged with a variable interest rate of 24.99%, based on prime rate. This APR (Annual Percentage Rate) is decided according to the creditworthiness of the cardholder.

 

The maximum late fee on the Gordmans Credit Card is $35 with a minimum interest of $2 on every credit plan. You will get a grace period of 25 days. You can pay through two methods, either in-store or online payment method. Moreover, you can easily apply for this card, as a little or no credit history will also work. This is because the Gordmans clothing store believes in low pricing.

 

The verdict

If you are a regular customer of the Gordmans clothing store, then only you should go for Gordmans Credit Card. Otherwise, it will just add up to the number of credit cards in your wallet. This card is only valid on Gordmans brand and not on any other brand. Also, ensure that you pay your entire balances in every billing cycle, so that you don’t have to pay the huge interest rate.

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