The Kohl’s credit card as a departmental store is a family-friendly retail store that serves basically the needs of a family on quality clothing products at the lowest cost.
They are the most reliable retail store haven seen as the second-largest retail chain on sales after Macy’s Inc. This assertion is true due to frequent discount promotions, offering of coupons at 35% off of store items.
Just like most of the major retail chains, it operates its branded retail store card that is used for purchases both at its stores and company’s website (Kohls.com).
What you should know
- Purchases can be made using the Kohl’s credit card both online and in stores of Kohel’s.
- A purchase through Kohl’s Cash Program earns cardmembers rewards.
- There is a discount on the first purchase for new cardmembers.
- Just like any other retail store cards, Kohl’s card also charges a higher APR when compared with regular rewards cards.
How Kohl’s Credit Card Works
Kohl’s accept purchases with a retail charge card at its stores and company’s website (Kohls.com). Kohl’s charge card can only be used at Kohl’s merchandise for purchases different from conventional cards like Visa, Mastercard, American Express etc.
There is variation in the amount of credit issued depending on the credit history of a cardholder. This ranges from $300 t0 $3,000 but maybe below $1,000 for many. Kohl’s charge card has a limit on its store credit.
As a result of the Kohl’s credit card is the charge card, the balance is estimated to be paid in full monthly. The responsibility is on the cardholder’s willingness to pay the variable annual percentage rate (APR), but for the card, no charges on annual fee but late or returned fee may be paid.
It does not cost you much nor needed to pass through thorough procedure to have Kohl’s credit card. All you need to do is to apply online or at any of her location. Your credit score is judge to determine approval of your application.
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Benefits and Bonuses of Kohl’s Card
We have countless benefits that associate with Kohl’s card. One of which is the Kohl’s Cash Rewards Programs where cardholders earn rewards on purchases.
For instance, you can earn $5 of Kohl’s Cash when you spend $50 on merchandise. Worthy of note is the offer of promotions for new cardmembers where a 35% discount is given to their first purchase when you use your card.
From time to time, Kohl’s offers Cash Promotions most times cardholders are beneficiaries. Discounts and promotional offers of Kohl’s sometimes are piled up which amount to incredible savings.
Imagine putting together a combined 30% discount offer with Kohl’s cash on any purchase, the offer of the cash-off coupon of 10%m off purchase and on Kohl’s reward program.
Both Kohl’s cardholders and shoppers are partakers of all the benefits. It will interest you to know that cardholders can receive additional offers for store discounts of 10% to 30% every year.
So the new cardholders are entitled to 35% off the first purchase which be combined with other discounts. Standing a chance to be seen as the Most Valuable Customer with full packed benefits, you need to spend money to the tune of $600 within the year.
Card users at Kohl’s are entitled to other bonuses like mobile payment options, cosy-free returns and online and mobile bill payment.
The Kohl’s Credit Card User
Shoppers are the main users of Kohl’s Card. What cut their attention is the attractive discounts and shoppers reward program as well as 35% off the first purchase. When all these are combined amount to huge savings.
Kohl’s Card is recommended to people that are new to building credit or looking for a way to establish a credit history. Retail store cards are easier to qualify you as an owner of one.
Lateness to whatever activity engaged into by human is an act of negativity. Therefore paying your Kohl’s Card bill late will cost you credit score points.
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The Kohl’s Card Pros and Cons
The greatest prospect of Kohl’s Card is the rewarding component for new members enjoying an initial discount at their first purchase. While additional purchase brings about other discounts that could heap up your savings.
Aside from the special discount offers, there are no other features that Kohl’s credit card offers for shoppers blossom only when they heaped their discounts and for others who do not shop often at Kohl’s prefer a cashback rewards credit card as an option.
It is pertinent to note that, Kohl’s charge card is a retail store card that comes with disadvantages. This retail store card is issued as a subprime credit where APR is paid high when a balance carried over.
Hence the credit card is designed to exclusively for the purpose of shopping with Kohl’s stores and website. The card may not of much use if you often don’t stop there. Get a reward card that will help you earn cashback on all your department store purchases.
What you can learn from this article
The good news about the Kohl’s Card is the similarity to other retail store cards when it comes to features, benefits, and costs.
Adding a retail store card to your wallet could help you build credit, though a secured credit card could be a better option if you can come up with the cash for an initial deposit.
Before applying for the Kohl’s charge card or any other retail store card, consider how often you plan to use it and how likely you are to pay your balance in full to avoid steep interest charges.