Kohl’s is a large department store chain with over 1,100 locations across the United States. They offer a variety of merchandise, including clothing, shoes, jewelry, and home goods. Kohl’s also has a credit card program that offers rewards and discounts on purchases made at their stores.
If you’re thinking about signing up for a Kohl’s credit card, there are a few things you should know first. In this Kohl’s credit card review, we’ll go over the details of their program so you can decide if it’s right for you.
Kohl’s Credit Card Rewards
The Kohl’s credit card rewards program is called Yes2You. With this program, you’ll earn 1 point for every $1 spent at Kohl’s. Once you reach 100 points, you’ll get a $5 reward that can be used towards future purchases. You can also earn additional rewards by shopping during special sales events.
Kohl’s Credit Card Discounts
In addition to earning rewards, you’ll also get access to exclusive discounts and deals when you use your Kohl’s credit card. For example, you might get 20% off your purchase during your birthday month or 15% off when you sign up for text alerts.
Kohl’s Credit Card Fees
The Kohl’s credit card does have some fees that you should be aware of before signing up. There is a $40 annual fee, and the card also has a foreign transaction fee of 3%. Additionally, if you make a late payment or your payment is returned, you’ll be charged a fee of up to $35.
Kohl’s Credit Card Benefits
There are some benefits that come with being a cardholder that can save you money and make your shopping experience more convenient. For example, you’ll get free standard shipping on all online orders and you won’t have to pay any taxes on your purchases. Additionally, you can use your Kohl’s credit card at any of their 1,100+ locations nationwide.
Kohl’s Credit Card Drawbacks
There are some drawbacks to using the Kohl’s credit card that you should be aware of before signing up. First, the interest rate is relatively high at 27.24%. This means that if you carry a balance on your card, you’ll end up paying a lot in interest fees. Additionally, the late payment and returned payment fees are also quite high.
Should You Get a Kohl’s Credit Card?
Whether or not you should get a Kohl’s credit card depends on how often you shop at their stores and if you pay off your balance in full each month. If you frequently shop at Kohl’s and you’re able to pay off your balance in full, then the card can be a good way to save money and earn rewards. However, if you don’t shop at Kohl’s often or you carry a balance on your card, then the high interest rate and fees might not make it worth it.
Kohl’s Credit Card Review – The Bottom Line
The Kohl’s credit card can be a good choice for shoppers who frequently visit their stores. The rewards and discounts can save you money on your purchases, and the free shipping benefit is also a nice perk. Just be sure to weigh the costs and fees associated with the card before signing up.