Review: Banana Republic Credit Card

banana-republic-credit-cardBanana Republic, in partnership with Synchrony Financial institution (previously referred to as GE Capital Retail Financial institution), offers two credit cards that allow you to earn reward points towards future Banana Republic purchases. Simply watch that rate of interest! Our overview / overview of the Banana Republic bank card is beneath:

The very first thing to know concerning the Banana Republic bank cards is that, though there are 2 completely different playing cards, you don’t get a selection on which to obtain. As an alternative, you’re first thought of for the Banana Republic Visa (accepted anyplace Visa is accepted). In case your credit score historical past will not be ok, you might then be supplied the Banana Republic retailer card (good solely at Banana Republic, Hole, Outdated Navy, and Athleta).

So far as we’re involved, the Visa is best than the shop card as a result of its wider acceptance and better rewards potential. We’re typically not a fan of bank cards that may solely be used at one retail chain (or a restricted quantity on this case) as a result of it means opening up a brand new credit score line for a card that not be used a lot, and too many credit score strains can harm your credit score rating.

That stated, here’s what you get with every card:

  • The Banana Republic Visa provides you 5 factors for every greenback charged at Banana Republic, GAP, Outdated Navy, and Athleta. It additionally provides you 1 level per greenback on all different card purchases. Once you attain 500 factors, you get a $5 reward card / present card good on a future Banana Republic buy.
  • The Banana Republic retailer bank card is simply the identical, besides you’ll be able to’t use it to get the 1 level per greenback at different shops, as a result of you’ll be able to’t use it at different shops.

Each playing cards provide you with a one-time bonus of 25% off of a day’s purchases with the cardboard on or in retailer, that means you could have the potential of prompt approval and rapid use of the cardboard.

Right here’s what we DON’T like, the rate of interest on these playing cards — 26.74%! Do NOT apply for this card for those who EVER carry a stability in your bank cards. Any rewards you obtain will successfully be canceled out by the curiosity you pay.

However, for those who at all times repay your playing cards and you’re keen on Banana Republic, have at it. You’ll discover the online application for the Banana Republic credit card here.


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