![]() On the other hand, co-branded credit cards - or open-loop cards - give cardmembers more flexibility in how they spend. 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. ![]() ![]() Subject to credit approval based on your creditworthiness, some options may not be available and other terms may apply. Key Rewards Card: Purchase APR: 31.24% variable APR. Cash Advance Fee:Įither $5 or 5% of the amount of each cash advance, whichever is greater Annual Fee: $0 Balance Transfer Fee: No Transfer Fee with this Transfer APR 3% on the amount of each transferred balance that posts to your account at a Promotional APR that we may offer you. Key Rewards Visa: Purchase APR: 30.24% variable APR Balance Transfer APR: 30.24% variable APR Cash Advance APR: 30.24% variable APR. Purchases made through third-party payment accounts, mobile or wireless card readers, mobile or digital wallets or similar technology are not eligible to receive promotional financing. Rewards are not earned on promotional financing purchases. Promotional financing availability may be limited in certain stores. The advertised monthly payment amount is rounded to the nearest dollar, and does not include taxes, shipping or ancillary charges. If you do not make the equal payments under the program and the purchase is not paid in full after 12 months, the standard variable purchase APR of 29.99-30.99% will apply to your remaining program balance. This special equal payment term will be added to your normal minimum payment due on non-promotional Credit Plans. ![]() For eligible purchases, the purchase amount is divided into 12 equal monthly payments and will be assessed a 0% APR effective for 12 months or until the purchase is paid in full. Your account must be open and current to be eligible for this offer. Promotional financing available on qualifying purchases of $750 or more, excluding shipping and tax, made on an approved Pottery Barn Key Rewards, Williams Sonoma Key Rewards, West Elm Key Rewards or The Key Rewards Visa or Store Card, issued by Capital One, N.A.
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