Sophisticated customers enjoy the GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card because they receive some impressive benefits. All cardholders are automatically enrolled in the Perfect Fit® rewards program. You receive 1 point for every dollar spent on purchases at the Men’s Wearhouse. It’s notable that points are accumulated regardless of the purchase method you use. Many cards stipulate that, in order to earn rewards points, you must use their credit card to pay. With this card, you earn bonus points even if you pay with cash, or even another credit card.
There’s not any minimum dollar amount you must spend in order to earn Perfect Fit points. When 500 points are accumulated, you get a $50 gift card for in-store use. That alone is a 10% discount on all merchandise you buy. The GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card points may not be transferred or redeemed for any cash value. Additionally, you get a straight 5% discount off of all TMW apparel and other items. You also receive $30 discounts on tuxedo rentals. So obviously, if you are a sharp dressed man that finds yourself attending loads of upscale social engagements, this card could be a nice fit for you.
Interest, Fees and APRs for the GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card:
One of the not-so-attractive features of the GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card is its 25.99% APR for purchases and balance transfers. Of course, you do not need excellent credit in order to get approved either. So the circle of credit-based living continues. This is definitely one of those cards where you must pay off the entire amount charged each month. Don’t let that interest start racking up. 25.99% is almost as much as most other cards charge as penalty rates. Your monthly payments on the GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card will always be due at least 24 days after the closing date of the previous billing cycle. You will never be charged an interest fee of less than $2, the company’s minimum.
When it comes to late fees, GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card has an uncommon approach. If you have made your payment on time for the previous six billing cycles, then the fee for making a late payment is $25. If you have not made every payment on time for at least 6 months, then the late payment fee goes up to $35. Just make your payment by 5 PM on the due date, or before, and you’ll never have to worry about interest and/or late fees.
One bit of fine print I researched struck me as potentially problematic. There’s a little clause which states that your GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card may have transactions declined, even if they should be within your set credit limit. GECRB says that it’s a measure they employ to minimize fraud. They reserve the right to “limit the dollar amount of purchases you can make in any particular amount of time”. In fact, they reserve the right to deny any charge they choose, on yours or any other cardholder’s account.
If you lose your GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card, have it stolen or have unauthorized use take place, you’re covered. Like most credit cards today, this one comes with a Zero-Liability clause for fraud protection. You will not be liable for fraudulent charges made with your card. However, the Zero-Liability coverage is a marketing ploy. When you really get down to reading the small print of the terms, there are loads of conditions and exclusions. It’s funny to me too that credit card issuing companies always state that full disclosure of terms and conditions will be sent along with your card – after you’ve already applied and been approved!
There’s also automatic Purchase Protection that comes as a benefit with your GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card. With this feature, you may be able to not pay for certain items you have purchased. Here are a few conditions though:
- You owe money to finish paying off a product, but you’re unhappy with the product.
- You have attempted to work the situation out with the merchant to no avail.
- The purchase must have been initiated within a 100-mile radius of your current mailing address.
- The item must have cost at least 50 dollars.
- You used your TMW card to make the purchase.
- The item has not been fully paid for already.
If you meet those stipulations, then you may be able to opt out of paying the item off. For full details, see the Terms and Agreements that come with your approved GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card. GECRB is clear that they are not affiliated with the Perfect Fit rewards program. They assume no responsibility concerning the tracking or redemption of your points. You can visit the TMW website for all the info.
And don’t forget about standard card features like rental car insurance and emergency travel assistance. If you travel a lot, it surely cannot hurt to have these benefits in place. You never know when you might blow a tire on a back road, or run out of gas. All you need to do is drop a dime and help will be on the way. Even if you need a tow, you are covered. That’s a good feeling when you’re on the road.
Overall, the GE Capital Retail Bank Men’s Wearhouse Perfect Fit Credit Card works well for those who are consistent fans of the Men’s Wearhouse. If you don’t shop there a lot, then this card would make no sense for you. The APRs are on the high side and the rewards points have no value outside of TMW.