Lane Bryant Charge card Review
Lane Bryant offers stylish plus-size clothing and intimates with style, panache, comfort, and great fit. Should you shop at Lane Bryant often, the Lane Bryant credit card might be a good match. Like several retail cards, this credit card comes with its fair share of benefits, rewards, and costs.
EDITOR'S NOTE: THE OFFERS MENTIONED IN THIS ARTICLE ARE EXPIRED AND ARE No more AVAILABLE
As a cardholder, you'll earn reward points on all eligible purchases, both in the shop and on the Lane Bryant website.
Lane Rewards come in three levels with increasing perks for shoppers who spend over set dollar thresholds each year. Although the reward points are a beautiful feature, the Lane Bryant card also comes with a high annual percentage rate (APR), which could end up costing a significant amount of money. Before you apply, get all of the pertinent details about the fees and evaluate your financial plan to get the most out of this credit card.
Who can use for the Lane Bryant card
To qualify for the Lane Bryant charge card, applicants must be 18 or older with valid government-issued photo identification.
They also require a Usa Ssn along with a United States mailing address.
Lane Bryant charge card APR along with other fees
The Lane Bryant card doesn't have annual fee, along with a 27.24% variable purchase APR that changes according to the market and it is in line with the Prime Rate. For any month that you’re charged interest around the account, the charge is going to be at least $2.00. Late and returned payments cost as much as $37 in fees.
How the Lane Bryant charge card high interest rate affects you
Store cards really are a double-edged sword. They provide a good opportunity to determine positive credit history while earning reward points in stores where you already shop, but they also tend to charge very high interest rates. To deal with that high rate of interest, you need to employ solid debt-management strategies.
For example, Lane Bryant doesn’t charge interest if you pay the balance in full every month punctually. If you can’t spend the money for balance entirely, repay it as soon as possible to avoid adding an excessive amount of interest. To understand how much the annual percentage rate affects you, consider the following two scenarios:
Vanessa spent $500 on her Lane Bryant credit card. She paid just the minimum each month. It took her 27 months to pay for the balance, and it cost one more $174 in interest fees. That's a premium of nearly 35% on top of the purchase price!
Amira spent the same amount on her Lane Bryant charge card, but she paid $100 each month. It took her 6 months to pay the credit card off, and it she paid one more $37.00 in interest. She paid one more price of 7.4%.
To manage our prime rate of interest, pay the Lane Bryant card off as quickly as possible. Many experts recommend paying off large purchases within 6 months.
What are Lane Rewards?
Lane Bryant cardholders are automatically signed up for the Lane Rewards program, which provides extended returns, bonus point options, and a special birthday gift each year.
The program stops working into three customer levels, because both versions earns two points for every dollar spent so long as the account is within good standing at the time of the purchase. Lane Rewards offers extra benefits at each level, with increasing perks for big spenders.
Lane Rewards loyalty levels
Lane Preferred members spend up to $399 every year. They obtain a $10 reward, up to $40 every month, for every 400 points they accumulate.
Lane Premier members spend between $400 and $799 every year, which boosts their rewards to $15 for each 400 points. They can earn as much as $60 in rewards every month and receive free ground shipping on online purchases over $75.
Lane Platinum members spend $800 or even more each year, plus they receive $20 in rewards for every 400 points. They are able to earn as much as $80 in monthly rewards. They also get free ground shipping on all online purchases and double reward points on their own Cacique bra purchases.
Other Lane Bryant reward programs
Lane Bryant offers extra benefits periodically to all of its cardholders, including the ability to earn “Real Women Dollars” during specified periods. For example, in April, Amira shopped at Lane Bryant throughout the Real Women Dollars period. She spent $100 and earned $50 that she was able to redeem in the store or online following the program ended.
Your credit rating and a Lane Bryant credit card
Whether Comenity Bank, the lending company that issues the Lane Bryant charge card, approves an applicant or otherwise depends on a number of factors. A credit rating is one of the biggest elements to get approved for any store card. Although most retail cards accept applicants with less-than-perfect credit, your odds of approval are higher for those who have a fair to good or over credit rating without any recent delinquencies.
Your credit score
Thanks towards the Fair Credit rating Act, consumers can request a totally free copy of their credit history annually from each of the three credit bureaus (Experian, TransUnion, and Equifax) by going to AnnualCreditReport.com. You will get free credit score cards along with a free credit score, both updated monthly, on Credit Sesame, where you will also see tips for enhancing your score. To stay on top of your finances, it’s a smart practice to regularly monitor your credit.
Although there are several various kinds of credit ratings, many lenders use the FICO(R) or VantageScore, each of which vary from 300 to 850. Most lenders have their own definition of what makes a “good” credit rating. VantageScores and FICO(R) scores break up the following:
- Excellent: 750+
- Good: 700-749
- Fair: 650-699
- Poor: 600-649
- Bad: below 600
Higher scores show lenders that you are financially responsible and “creditworthy,” while lower scores indicate that you are a greater risk and increase the likelihood of having the application denied. Make payments on time and carry low balances on all charge cards. Both of these factors constitute over fifty percent from the credit score.
If you shop regularly at Lane Bryant, obtaining the Lane Bryant charge card and earning rewards on purchases that you plan to create anyway is sensible. Prior to deciding if this charge card is appropriate, consider both rewards and also the costs. If you don't spend the money for balance off every month or within a almost no time, our prime APR can wind up costing a lot of money.