Lord and Taylor Credit Card Review | CreditShout

Lord and Taylor Credit Card Review

By Kevin / April 9, 2009

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Verdict:
The Lord and Taylor credit card is a standard department store credit card for use only at the store with a very high APR.

Overview:
The Lord and Taylor credit card has a very high APR and little benefit, aside from special financing options and discounts at Lord and Taylor and lordandtaylor.com. This card is easy to get however, aimed at people with poor to average credit.

How This Card Works:
The Lord and Taylor credit card is good only at lordandtaylor.com and Lord and Taylor stores. The card has an APR of almost 22% so it’s best to pay your balance in full each month within the 25 day grace period. Carrying a balance on this card is not recommended. If you’re responsible and can pay your balance fully each month it can benefit you to use this card to take advantage of discounts at the store, such as a current promotion that offers an additional 10% off the 15% discount when you use your Lord and Taylor credit card.

Shopping and Travel Benefits:
This credit card allows you to frequently take advantage of special financing promotions and discounts at Lord and Taylor stores, as well as online.

Fees:
The APR for the Lord and Taylor card is a very high 21.60% with a default rate of 24.90%. The grace period is at least 25 days. Minimum finance charge is $1. Late fees are $29 and the returned check fee is $25.

Pros:

  • Take advantage of special financing promotions
  • Often receive discounts on merchandise
  • Shopping convienence at Lord and Taylor

Cons:

  • Very high APR
  • Standard department store card–no balance transfers or cash advances
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.Additionally, the opinions of the commenters are not necessarily the opinions of this site

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