JCPenney bank card overview
The JCPenney bank card comes with an fascinating introductory bonus however has restricted incomes and redeeming choices that can make it unappealing for many customers. In case you spend some huge cash at JCPenney, it might make sense on your pockets, however even then, the cardboard has a couple of irritating spending limits that can cap your earnings. Card ranking*: ⭐⭐
The knowledge for the JCPenney bank card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
*Card rating is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
The very first thing to know concerning the no-annual-fee JCPenney bank card, issued by Synchrony Financial institution, is that the rewards it earns can solely be used at, you guessed it, JCPenney. As such, in the event you do not spend loads at JCPenney, the cardboard will not be an excellent match for you.
It does supply a singular one-time welcome bonus, however even that comes with a variety of strings connected. Past that bonus, you will be hard-pressed to get a lot worth out of this card.
The JCPenney bank card has no annual payment and a really helpful credit score of 670.
Here is what else to know.
JCPenney bank card professionals and cons
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JCPenney bank card advantages
The JCPenney bank card has a brief listing of advantages however does include “particular financing” on choose giant purchases like furnishings, mattresses, wonderful jewellery and extra.
It does have a singular one-time welcome bonus: Get between 5% and 35% again on choose gadgets in your subsequent JCPenney buy. You may get 35% off choose authentic, common and sale-priced attire, sneakers, equipment, wonderful jewellery and residential purchases; 20% off blinds and shades, housewares, storage and group, watches, salon merchandise, fragrances and choose JCPenney Magnificence purchases; and 5% off choose electronics.
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Cardholders additionally get entry to JCPenney’s Unique Financial savings Day, plus particular provides all year long the place JCPenney Credit score Card members save extra on choose purchases.
These are restricted perks even for a no-annual-fee retail bank card, they usually supply no worth for many who aren’t commonly spending plenty of cash at JCPenney. In terms of advantages, most customers will probably be significantly better off with a basic cash-back or travel rewards bank card.
Associated: 4 reasons store credit cards are (almost) always a bad idea
Incomes and redeeming with the JCPenney bank card
The JCPenney bank card earns a simple 1 level per greenback spent on JCPenney purchases and a mediocre 0.2 factors per greenback spent in all places else.
Every level is value 5 cents apiece at, you guessed it, JCPenney, so cardholders primarily earn 5% again on JCPenney purchases and 1% again on all different purchases.
That is a strong incomes fee in the event you store at JCPenney commonly, though it is value noting you could’t earn factors on greater than $2,000 spent on a single buy with the retailer. Which means that massive purchases will stay restricted of their incomes potential, which is an actual downside at a retailer that sells big-ticket gadgets like furnishings and mattresses.
You’ll be able to redeem your factors for a $10 reward for each 200 factors earned, that means you will need to have no less than that many factors to redeem them for money again — a irritating limitation. Your factors will not expire so long as your account is lively, however your money reward certificates will, so you will need to spend inside a sure period of time to benefit from your rewards.
These earnings charges will not transfer the needle for customers who do not commonly store at JCPenney. For instance, TPG bank cards editor Emily Thompson can get behind a card with easy cash-back worth and easy perks however does not spend practically sufficient cash at JCPenney to justify this specific card.
Associated: Store vs. cash-back credit cards: Which one should I get?
Which playing cards compete with the JCPenney bank card?
There are many reasonably priced bank cards out there that can enchantment to a bigger viewers than the JCPenney Credit score Card. Listed here are just some:
For added choices, try our listing of the best no-annual-fee cards.
Associated: The best credit cards for online shopping
Is the JCPenney bank card value it?
The JCPenney card will solely make sense for many who spend a ton of cash at JCPenney and wish to earn rewards to make use of there. However even when that is you, the incomes maximums on the cardboard and intensely restricted redemption choices imply that your worth will probably be considerably capped in comparison with a variety of different card choices on the market. Virtually everybody will probably be higher off getting a basic bank card as a substitute.
Associated: How to choose a cash-back credit card
Backside line
The JCPenney bank card is not essentially distinctive as a retailer-issued card with restricted incomes and redemption choices. The cardboard has first rate earnings charges and some meager perks, however its incomes and redemption limitations will doubtless be a deal breaker for many.
In terms of incomes rewards, the typical shopper will probably be significantly better off with a cash-back bank card.
The knowledge for the JCPenney bank card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
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