Should you apply for the Banana Republic Credit Card offer? Banana Republic is a popular retailer of luxury clothing. In keeping with the current trends in clothing retail, it offers a credit card with which customers can earn rewards. In this Banana Republic Credit Card review, we will take a look at this card’s fees and rates. We will also review their rewards program and see how it stacks up against other rewards programs.
Hopefully, this will help you to decide whether or not the Bananacard is a good idea for you. After reading this review of the Banana Republic Credit Card online try out our free tool for comparing credit cards!
Banana Republic Credit Card Fees and Rates
First in our Banana Republic Credit Card review, let’s look at the fees and rates for this card. There are two types of Bananacards: the original Bananacard and the Banana Republic Visa card. The Visa has better rates: 18.24% or 21.24%, depending on your credit. The standard Bananacard has a rate of 23.99%. Both types charge a 27.24% penalty APR on balances that are overdue. You can also get cash advances on the BR Visa, which are charged at a 23.24% APR. Both cards have late payment fees of $15-$39, depending on your balance, and an overlimit fee of $29. As far as fees and rates are concerned, the Banana Republic credit cards are average.
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Banana Republic Credit Card Rewards
Next in our Banana Republic Credit Card review, let’s look at the rewards. For every dollar you spend at Banana Republic or any of its five affiliate stores (including Gap, Old Navy, Piperlime, and Athleta), you will earn five points. For every dollar you spend at other stores with the BR Visa card, you earn one point. You earn a $10 reward card to Banana Republic every time you earn 1,000 points. If you spend $800 in a year, you are also automatically upgraded to a Luxe card, which comes with other benefits like free shipping, free basic alterations on full-priced clothing, and 15% off on the day of your choice (with a regular Bananacard, you can only get this discount on the day you are approved for an account). There are also several days throughout the year on which you can earn double or even triple the points.
A Solid Choice for the Regular Shopper
To conclude our Banana Republic Credit Card review, we think that the card is standard and the rewards are decent, but only if you’re a regular shopper at the store or its affiliate stores. Since you earn five points for every dollar at these stores, your points can add up quickly. But if you rarely shop at Banana Republic, you may want to pass on this one. While the Banana Republic credit card offer is a solid choice for a retail credit card be sure and use our free tool for comparing all credit cards today!