The JC Penney Credit Card is a department store card offered by GE Money Bank. While this is a JC Penney card, you can also use this card at all CVS Pharmacies and Rite Aid Pharmacies. You can also use your JC Penney card at any JC Penney store, outlet and online.
Department store cards are notorious for having high interest rates and the JC Penney card is no exception. The starting rate for the JC Penney credit card is 26.99% with a penalty rate of over 30%. Because of the high interest rates, you will find that it is easier to get a JC Penney card with a poor credit score than other types of credit cards. Compare other retail credit card offers now!
The benefits of choosing a JC Penney Credit Card over a traditional card are few. The rewards credit card program is based on a monthly spending cycle. You must spend $250 a month to receive a reward, which is $10 off any purchase; this reward can only be collected once a month. Clearance prices and sales do not count towards your rewards earnings and your rewards points expire monthly.
JC Penney Credit Card Benefits
- Reports to all major credit agencies
- No annual fee
- People with bad credit may still qualify
- Receive notice of special promotions
- Early notice of upcoming sales
Consider this Before Choosing the JC Penney Credit Card
GE Money Bank makes no secret about the fact that they will sell your information to other companies for marketing purposes and there is nothing that you can do about it once you apply for a card. What’s more, even if you don’t qualify, GE Bank is allowed to sell your information if they choose to.
What’s more, if you are late on a single payment, then GE Money Bank will close your JC Penney account. In addition, if your credit score drops, they reserve the right to close your account to prevent you from spending more than they think you can afford.
You cannot apply for the JC Penney card online, you must call or mail in your application.
Alternatives to the JC Penney Credit Card
With so few benefits, you may be better off choosing a major credit card or other retail credit card for your use. Even if you have bad credit, there are bad credit credit card alternatives. Try our free credit card chaser tool right compare online credit cards now!