Verdict: Most store credit cards come with purchase interest rates that are high enough to negate any benefits that they might bring. The Bed Bath & Beyond MasterCard from US Bank, though, might be the exception. If you like linens, home appliances, pillows and anything else they sell at Bed Bath & Beyond shops, this credit card might be a good choice. You can quickly build up rewards points that are good for $10 gift cards that you can spend at Bed Bath & Beyond outlets.
Overview: This rewards card provides you points with every purchase that you can eventually redeem for $10 gift cards. Unlike many store credit cards, though, this one comes with a purchase interest rate well within industry standards, if your credit score is solid. If your credit score is low? You might want to look for another credit card unless you enjoy being burdened with a purchase interest rate higher than 20 percent.
How This Card Works: Every time you charge items with your Bed Bath & Beyond MasterCard, you’ll receive rewards points that help you earn $10 gift cards for the store. You’ll earn points faster depending upon where you do your charging, earning more points whenever you charge an item purchased at Bed Bath & Beyond, buybuy BABY, Christmas Tree Shop, Harmon and Harmon Face Values shops.
Travel and Shopping Benefits: You’ll earn five rewards points for every dollar that you charge at Bed Bath & Beyond shops. You’ll earn an additional reward point for every dollar that you charge at other locations. After earning 1,000 rewards points, you can cash these in for a $10 gift card that you can spend at Bed Bath & Beyond and its affiliated stores. Youll also receive a $10 Bed Bath & Beyond gift card with your first purchase. Your card will come with a $25-off coupon for a purchase of $100 or more at Bed Bath & Beyond or its affiliated stores.
Fees: The Bed Bath & Beyond MasterCard comes with no annual fee and a purchase interest rate that varies from 13.99 percent to 22.99 percent, depending upon your credit score. Cash advances cost $5 or 4 percent of the advance amount, whichever is larger. Returned-payment and late fee penalties cost $35.
Pros
- No annual fee.
- Ability to earn rewards points quickly with Bed Bath & Beyond purchases.
- Reasonable purchase interest rate depending on your credit score.
Cons
- Have to earn 1,000 points before receiving $10 gift cards.
- Returned-payment and late-fee penalties of $35.
Purchase interest rate over 20 percent for cardholders with weak credit scores.
