5 Things to Know About the Bloomingdale’s Credit Card

If you frequently exit a Bloomingdale’s store with an iconic Big Brown Bag or two, a Bloomingdale’s store credit card could help you earn points and score the occasional discount.

The cards (there are two types) offer an upfront discount and points on purchases. But both the value and the lifespan of those points are relatively small, and you’ll also want to watch out for the cards’ sky-high interest rates.

Here are five things to know about the Bloomingdale’s credit cards.

1. There are two Bloomingdale’s credit cards

The Bloomingdale’s collection of credit cards includes:

  • The Bloomingdale’s American Express Card can be used wherever American Express cards are accepted.

  • The Bloomingdale’s Card can be used only at Bloomingdale’s stores and on bloomingdales.com.

When you apply, you’ll be considered for both cards. If you’re approved for both, you can choose which card to get. You may be able to upgrade your Bloomingdale’s Card to a Bloomingdale’s American Express Card later on.

2. New cardholders receive a two-day discount

Wells Fargo Active Cash Card
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Get 20% off Bloomingdale’s purchases in stores and online on both the day your card application is approved and on the day after. (The total amount of savings over the two days is capped at $250.) You must qualify for immediate approval to get the discount.

If you’re able to max out that benefit without going over your shopping budget, it can be a pretty valuable perk. But keep in mind that many general rewards credit cards — that is, cards that aren’t tied to a specific store or brand — also offer generous welcome offers with no such two-day rush; you can earn them over a period of a few months.

For example, the $0-annual-fee Wells Fargo Active Cash® Card features the following welcome offer: Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. In addition, it earns 2% cash back on all eligible purchases.

3. Reward rates are solid, but reward values are meh

Both Bloomingdale’s credit cards earn points within the Bloomingdale’s Loyallist rewards program.

The Bloomingdale’s American Express Card earns the same point amounts at Bloomingdale’s and wherever American Express is accepted. The Bloomingdale’s Card can only earn points on Bloomingdale’s purchases because, again, that’s the only place you can use it.

Here’s what your purchases with both cards can earn:

Chase Freedom Unlimited Credit Card
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  • A baseline of 3 points per $1 spent.

  • 4 points per $1 if your annual net spending at Bloomingdale’s is $5,000 or more.

  • 10 points per $1 if your annual net spending at Bloomingdale’s is $15,000 or more.

You must accumulate 5,000 points to redeem them, and that amount will get you $25 in rewards, which you can redeem for merchandise at Bloomingdale’s. Effectively, points are worth 0.5 cent each.

That’s lower than the industry standard of a full penny per point and, again, a general rewards credit card could be more valuable and flexible. The $0-annual-fee Chase Freedom Unlimited®, for instance, earns 3% cash back at restaurants and drugstores; 5% back on travel booked through Chase; and 1.5% back on other purchases. You can redeem your rewards in any amount you like and toward whatever you want.

4. Don’t let those points go unused for long

Every year on Jan. 1, 85% of your points will expire. So if you’re saving up your points for something major, December is the perfect time to treat yourself.

5. Watch out for the interest rate

As of this writing, the APR for both Bloomingdale’s cards is nearly 32%, which is quite high.

Considering you can buy a pre-owned watch on bloomingdales.com for as much as you can buy a pre-owned car, be mindful of how much interest you may pay if you carry a balance on this card.

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