This review is for the Lord & Taylor Credit Card. Lord & Taylor is a popular department store that is located throughout the United States in major malls and also as a stand-alone store. The card can only be used at Lord & Taylor stores, and cannot be used to make other purchases such as for food and groceries.
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Lord & Taylor Credit Card Details
While a good card for someone who does a lot of shopping at Lord & Taylor, the card has some drawbacks. The annual percentage rate is 21.60% and has a 25-day grace period, so it can be an excellent choice if you pay your balance off each month.
There are special financing options available for you when using the card, including a 15% off bonus on the day you apply and receive the card, and 10% off most purchases at anytime either in the store or through www.LordandTaylor.com.
The card is fairly easy to obtain, as it is directed to people who tend to have poor to average credit scores. Learn more how your credit score affects your ability to be approved for credit cards at http://www.suzeorman.com/.
Lord & Taylor Credit Card Fees
The default annual percentage rate for the card is 24.9%. This rate will automatically go into effect if you are late with a payment or go over your assigned credit limit.
The minimum finance charge for the card is $1, and there is a $25 fee for a returned check or payment and a $29 fee for making a late payment.
Lord & Taylor Credit Card Bottom Line
While the card has some benefits such as discounts in the store online, it is a fairly expensive card to maintain. If you do a lot of shopping at the store, and are able to pay the balance off each month, it can be a good card to carry.
In addition, having a Lord and Taylor card also gives you access to special sales and discounts.
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