web analytics

Review of the New York & Company Rewards Credit Card

Facebooktwittergoogle_plusredditlinkedintumblrmail

The New York & Company Rewards Credit Card is a credit card designed only to be used at New York & Company stores thereby making it a limited purpose credit card. The New York & Company Rewards Credit Card has replaced the other credit cards offered by the retail store including the New York & Company Card and the New York & Company MasterCard.

New York & Company Rewards Credit Card: APR and Fees

The New York & Company Rewards Credit Card charges a 24.99% APR (variable) which is pretty high for a store-card. The card does not have an annual fee associated with it but charges a standard $35 late fee if you miss your monthly payments. According to their website, the statement copy fee is $6 and    expedited payment fee is $15.

New York & Company Rewards Credit Card: Rewards

The New York & Company Rewards Credit Card offers $20 in rewards for every $200 that you spend. This is less than the $25 rewards New York & Company MasterCard offered to customers. World Financial Network Bank issues this credit card.

For those of you who shop regularly at New York & Company stores this card is a must have. It gives you an opportunity to earn rewards which you can redeem at any of their stores or through their online shopping system. Qualifying for this credit card isn’t challenging – in fact, you don’t need an excellent credit rating to get approved.

The basic version of the New York & Company Rewards Credit Card gives cardholders $10 in rewards for purchases up to $200 made on the card. 5% back on all purchases is a pretty amazing deal but it’s important to remember that you can only make purchases at the New York & Company store. The rewards you earn can only be redeemed at the store.

The platinum version of the New York & Company Rewards Credit Card will get you $20 in rewards for every $200 that you spend at New York & Company stores. To get a hold of the platinum card, you have to spend a minimum of $400 and spend the same amount every year to uphold platinum status.

New York & Company Rewards Credit Card: Additional Benefits

The New York & Company Rewards Credit Card offers cardholders additional benefits including birthday coupons for which you can get 20% off on the basic card and 25% off on the platinum card. Cardholders can also have their orders shipped for free on purchases of $125 or higher.

Pros

  • 5% to 10% back on all purchases of $200 or more
  • Free shipping
  • Earn rewards towards New York & Company stores

Cons

  • High interest rates
  • Limited to New York & Company stores

Bottom Line

The bottom line is that the New York & Company Rewards Credit Card doesn’t offer amazing rewards or benefits but if you regularly shop at their store than you might as well get some rewards for it.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: