BJ’s cashback awards also expire six months from the date they’re issued. So while this card can be a great way to earn rewards on your shopping, you’re restricted as to how you can redeem them. These awards can only be used at BJ’s, though - either at checkout or to pay membership fees. When you’re ready to get that cash back, it comes in the form of electronic awards issued in $20 increments. Many BJ’s locations have their own gas stations as well, and cardmembers can enjoy an instant discount of 10 cents per gallon when using a BJ’s Perks Elite Mastercard to fuel up. The BJ’s Perks Elite Mastercard takes wholesale prices up a notch, offering cardmembers 5% back on purchases at BJ’s, 2% back on dining and gas purchases, and 1% back on everything else. Wholesale club prices are often hard to beat and make for great options for anyone looking to save while shopping. The best cards offered by Comenity Bank we recommend BJ’s Perks Elite Mastercard To give you a better idea of what you can expect from one of these store cards or credit cards, here are a couple of examples of some of the best cards Comenity offers. You'll typically need a higher credit score to be approved for a co-branded credit card, and while its APR might not be as high as a store card, the rate will vary from card to card. These credit cards can be used in store and anywhere else that brand of card is accepted. This type of card bears the name of both the retailer and the network it's on - Visa, Mastercard, American Express, or Discover. On the other hand, co-branded credit cards - or open-loop cards - give cardmembers more flexibility in how they spend.
COMENITY RUNWAY REWARDS CREDIT CARD FULL
This can be costly if you don’t pay your balances in full each month. However, store cards also tend to have higher APRs (annual percentage rates) as well.
They’re also generally easier to get approved for than regular credit cards. Many store cards come with perks like discounts, rewards programs, special financing options, and even birthday gifts. So, for instance, if you open a store card at Boscov’s, you can only use it at Boscov’s. Store cards can only be used to make purchases from a single company or retailer, such as a department store. Private-label credit cards - also known as closed-loop cards or store credit cards - are credit cards or credit lines issued by a bank on behalf of a store. What are private-label and co-branded credit cards, you may ask? Some of these retailers include stores such as J.Crew, New York & Company, Bed Bath & Beyond, Ikea, Overstock, and many more.Ĭomenity offers both store cards and credit cardsĬomenity Bank issues both private-label and co-branded credit cards for its retail partners. Considering that Comenity provides credit programs on behalf of so many retailers, you might already be a cardmember yourself. The parent company also oversees Alliance Data Retail Services, which is also a credit card company.Ĭurrently, more than 50 million cardmembers hold an account with Comenity Bank. The bank is a subsidiary of Bread Financial, a financial services company, which recently changed its name to Bread Savings. While it changed its name to Comenity Bank in 2012, it continues to provide the same credit cards and high-yield savings accounts to its customers. Those store cards the clerks always ask you if you’re interested in applying for? Those are private-label credit cards.Ĭomenity Bank was first formed as World Financial Network National Bank in 1989 with the goal of providing private-label credit card services to various retail establishments. If you’ve ever bought anything from a department store - which you probably have - you know exactly what I’m talking about. These financing solutions make their way to you as a consumer in the form of private-label and co-branded credit cards.
Getting approved for a card from Comenity BankĬomenity Bank provides financing solutions to many popular brands around the world - more than 135 retail partners to be precise.The complete list of cards offered by Comenity Bank.The best cards offered by Comenity Bank we recommend.Comenity offers both store cards and credit cards.
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