An Old Navy credit card is issued to consumers by synchrony bank. This credit card is specifically designed for consumers or personal use with a fair credit history. With affordable prices and a branded credit card that offers generous rewards, old Navy is a favorite shopping destination for customers. It offers over 1000 retail locations and a 24/7 online portal.
If you read this article till the end, you’ll learn about the benefits and card rates of the Old Navy credit card.
Old Navy Credit Card – What You Need To Know
If you’re a regular shopper at Old Navy and it’s affiliate brands like; Banana Republic and Gap Inc., an Old Navy credit card might offer you a fair amount of value. Here’s what you should know about the Old Navy credit card;
- Your rewards can take a while to add up.
- APR could be costly if you carry a balance.
- It is an option for users with limited credit histories.
- The application process could leave you with a limited credit card.
The Old Navy credit card offers valuable rewards to shoppers who does most of their clothes shopping at Old Navy and other Gap Inc. brands.
Who Is The Old Navy Credit Card For?
With the old Navy credit card high APR, the credit card is good only for those with good credit history who expect they can pay off their balances on time and in full each month, even if they happen to encounter an emergency expenses.
Old Navy Credit Card Rewards
With an old Navy credit card, you can earn up to five reward points for every $1 you spend on purchases at Old Navy and it’s affiliated stores. You’ll also get a $5 reward for every 500 points you earn.
Now that’s a fairly typical reward structure for a retail credit card, so it’s value is dependent on your own shopping ability.
Old Navy Credit Card Interest Rates
Like many other credit cards, the old Navy credit card have high interest rates. The variable APR for purchases on both the old Navy store card and the old Navy visa card option is 25.99%.
According to the federal reserve the average APR for all credit card account in 2020 is 14.58%. so you see, the old Navy credit card is far more expensive if you carry a balance.
Old Navy Credit Card Application
When you apply for an old Navy credit card, you’re likely to get either an old Navy card, a Navist card or an old Navy visa card. The old Navy visa card can be used anywhere visa cards are accepted, while the old Navy credit card is closed loop credit card- it can be used only at old Navy stores and other stores such as; Gap Inc., Banana Republic, and Athletha.
After you apply for and receive the old Navy credit card, you must activate the credit card before you can use it for purchases. You can activate the card either online or phone.
Old Navy offers cardholders an option to make online payments through the stores online portal or the old Navy credit card app.