Talking about, Banana Republic Credit Card it is issued by Synchrony Bank, is basically used for earning store rewards, but there are other benefits that this card gives which will attract customers to have it like early access to exclusive offers, free shipping on qualifying orders, even a birthday gift, annual fee of $0. So in this article we give some benefits as well as drawbacks to help you decide whether to go for this card or not.
The complicated rewarding system
Rewards can be earned using Banana Republic
Visa Credit Card by shopping at banana republic and its sister brands stores
like Gap, Old Navy and Athleta. There are other store version cards, but you
can use this card anywhere VISA cards are accepted, the reward policy works as
- 5 points for every $1 spent on
Gap Inc. brands, in-store and online
- 1 point for every $1 spent
Each point has worth of 1 cent, but the
catch is that you cannot redeem these points as a cash, you can only use them
to purchase clothes as in form of in-store currency. In simple language, $10
rewards will provide you discount of $10 of goods purchased. There is another
policy related rewards issuance that after increment of $5, which means first
have to earn 500 points and up to $50 max. Max $250 rewards can earned in one
If the reward point you collect within
billing period and it is less that what is required to get you to the next $5
level or it more than maximum number. In that case the extra reward points will
be carry forwarded to the next month cycle and the time line validity of each
reward point is two year from date of your recent purchase. That is complexity
related to reward collection regarding Banana freedom Visa credit card.
It is better to have LUXE status
If you are willing to get more value from
your card then you must quality for LUXE status. This status is for those who
do lot of purchase and earn minimum of 5000 pints in year. After this status
you are eligible to get following additional benefits.
- You will get bonus of additional
20% of total reward points at the end of each calendar quarter.
- Free shipping facility on all online
orders by using “LUXE” code.
- Free basic alterations facility
on Banana Republic clothes.
- VIP facility to set up a
“Choose Your Own Sale Day”
- Have access to a dedicated
customer service phone line
To have Luxe status, you have to reach
required reward target for each calendar year.
3. It don’t
carry a balance
The major drawback of Banana Republic Visa
credit card is it doesn’t offer any kind of introductory interest-free period
purchases. The APR is around 28.24 % which, is around 10% higher in comparison
to other credit cards. So, this card is not that good for purchasing clothes
and carrying balance.
Providing your email and going paperless earns extra rewards
As from June 2019, the banana republic visa
credit card is offering various benefit of $10 to its users those who opted to
go paperless billing, they just have to go to its official website and submit
their email id (worth 500 points) and opting paperless billing (worth 500
points). There is no complexion about it, registering your email and opting
paperless means you will get news and bills related to your card online.
5. If you
have ambiguity about this card, then consider these alternatives.
In case you have doubts about the banana
Credit card and it is not right for your shopping requirements there are some
alternatives you may choose.
- TJX Rewards Credit Card: In case, you like to shop regularly clothes for your Almira then this card can be the good choice for you.
- Nordstrom Credit Card: If you like to shop and earn rewards along it then Nordstrom Cedit card can be a good option for you.
- Citi Double Cash Card: In case, you want to have all-rounder credit card to go and shop anywhere around then Citi Cash Card will be good fit.