Loft Credit Card Review

The LOVE LOFT Credit Card
Card Category: Consumer
Card Type: Unsecured
Credit Needed: Excellent / Good Credit
Card Rating:
Loft stores are a great subsidiary of the Ann Tylor brand that offer stylish, casual wear to all women, maintaining high quality standards and unique material labelling. Loft currently operates over 500 locations throughout the United States. Loft is offering two credit cards that can be used at these store: the LOVE LOFT credit card and the LOVE LOFT Mastercard. Women love shopping and the fact they have merged them together makes a perfect recipe for an ever-increasing market.

Loft Credit Card Details

CARD DESCRIPTION:

  • Receive 15% off when you open and use your LOVELOFT Card at LOFT, LOFT.com, Ann Taylor, anntaylor.com, LOFT Outlet and Ann Taylor Factory Store.12
  • Earn 5 Rewards Points for every dollar spent in stores or online.12
  • Receive a $20 Rewards Card for every 2,000 points earned.12
  • Enjoy an extra 15% off the first Tuesday of every month, combinable with all in-store promotions and offers.12

AVAILABLE REWARDS

Max. Rewards: 5 Points
Sign-up Bonus: No

RATES & FEES

Purchase Intro APR: n/a12
Purchase Regular APR: 25.24%12
Cash Advance Fee: n/a12
Cash Advance Regular APR: n/a12
Balance Transfer Intro APR: n/a12
Balance Transfer Regular APR: n/a12
Balance Transfer Fee: n/a12
Annual Fee: None12

Loft Credit Card Benefits

The pros to the Loft credit card supersede its glory. Having being among the first cards to be diversified, they have integrated the MasterCard into their cards. This gives it endless possibilities of use at any store or cashier point that uses MasterCard.

You also get a 15% off immediately when you use your Loft card. This applies in the Loft, Ann Taylor, Ann Taylor factory store, a loft outlet or an AnnTaylor.com additionally to the 15% off at the beginning; there is the 15% off every Tuesday of the month at the same retailers and any other related ones.

Just like most shopping credit cards, you get to earn points for every dollar spent. Each dollar is worth to points if spend on gas and groceries. If spent at the Loft stores, Loft outlets, Loft websites, Ann Taylor stores, outlets and websites then each dollar is worth 5 points. When the card is used for purchases outside Loft or Ann Taylor, then a dollar equals a point.

All this is accessible at no annual fee whatsoever, making it a sweet deal for a shopaholic. On top of all the rewards you get a 5% cash back at the stores, with a 20 dollar reward for every 400 dollars spent at a go.

Loft Credit Card Drawbacks

Despite how good it sounds, this card has a downside to it. The Loft credit card has a relatively high APR at a standing rate of 24.99%. As compared to other credit cards with similar benefits, this one might be considered high.

This card is not for everyone. We all shop and use credit cards, others more responsibly than the rest, and those are the target audience in this case. People with fair or poor credit scores have a minimal chance of being approved for this particular card.

Many credit cards companies keep coming up to make our lives affordable at the moment. However, the Loft credit card has a 3% fee on foreign transactions. This is considerably high for a card that targets to go worldwide. Such a fee might render you to your debts beyond your understanding without a trace of what caused it.

Contact Information

TELEPHONE

Loft credit card customer service: 1-866-907-5612

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User Comments about The LOVE LOFT Credit Card

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High fees
Cancelled it as the fees are too high. Hope it won't hurt my credit score