Verdict: This card is aimed at consumers with poor credit that shop at Dillards. If your credit is good enough to get a non-department store credit card, do not consider this card. The variable interest rate is high and the rewards are low and only good at Dillards.
Overview:
The Dillards credit card is aimed at consumers that shop at Dillards frequently and do not have credit good enough for a better card. You do earn rewards at a rate of at least 1 point for every $1 spent (or up to 2 points per dollar if you qualify for the Dillards American Express card) but these rewards can only be redeemed for merchandise and discounts at Dillards. This card may be useful, however, if you shop often at Dillards and pay your balance during the grace period. There is also an optional program called This Is Mine that allows your teenager access to a set portion of your Dillards credit line.
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How This Card Works:
The Dillard’s credit card is good at Dillards and dillards.com and earns 1 point for every $1 spent. If you qualify for the Dillards American Express card you can use it anywhere American Express is accepted, earning 2 points for every $1 spent at Dillards and 1 point for every $1 spent elsewhere.
Shopping and Travel Benefits:
When you open your Dillards credit card account you will receive an automatic $20 in rewards certificates good at Dillards. You also earn 1-2 points for every dollar you spend with your Dillards credit card. These points can be redeemed for discounts and merchandise at Dillards. You also have the option of enrolling in the This Is Mine card program which allows your teenager access to a set portion of your Dillards credit line. You’ll also receive special financing options at Dillards throughout the year.
Fees:
For the Dillard’s American Express card, the APR ranges from 11.99% to 17.99%.
The cash advance APR is 18.99% and the default rate is 24.99%. The cash advance fee is the greater of $5 or 3% and the transaction fee is the greater of $10 or 4%. The over the limit fee is $35. For the Dillard’s credit card the APR is 20.40% and the default rate is 24.24%. For both cards the following applies: late fees are $15 for balances between $25 and $49.99, $20 for balances between $50 and $99.99, $29 for balances between $100 and $499.99, $35 for balances between $500 and $999.99, and $39 for balances above $1,000. The returned check fee is $29. The grace period is 25 days.
Pros:
- No annual fee.
- Earn Dillards reward points.
- 0% fraud liability.
- This is Mine program.
Cons:
- High APR.
Few rewards; good only at Dillards.
