Need a New Credit Card? More Options Hit the Market
As we get closer to the holiday shopping season, more new credit cards are hitting the market. If you're looking to add some plastic to your wallet, here are a few options.
Clothing retailer Lands' End has launched a new branded Visa card that gives its shoppers extra perks and rewards.
"This is a new and exciting venture for Lands' End," said Mike Holahan, senior vice president, marketing, Lands' End, in a statement. "We're thrilled to continue building on our best-in-class customer service by offering our customers a new, easy way to shop their favorite Lands' End products online and in stores all while saving money and enjoying special perks."
The card, issued by Comenity Capital Bank, offers a tiered rewards system where cardholders earn five points per dollar spent at Landsend.com or in Lands' End stores; two points per dollar spent at gas stations, travel or restaurants; and one point per dollar spent on all other purchases. When a cardholder reaches 500 points, they can get a $5 Lands' End reward certificate. Points expire 12 months after they're posted to the account rewards balance, and rewards certificates expire after 60 days.
Other perks of the card include getting 50 percent off the first card purchase at landsend.com upon opening the card account. Cardholders also get free shipping from Lands' End's website when they use the card. Additionally, they get $50 off a $100 or more order during their birthday month. Plus, making a purchase within 60 days of opening an account will give cardholders a $20 Lands' End reward certificate.
The APR on the card is 20.49 percent of 27.74 percent, based on creditworthiness. Balance transfers have a 26.99 percent APR, and cash advances have a 27.99 percent APR. While there is no annual fee, there are fees for balance transfers, cash advances, foreign transactions, late payments and returned payments.
If you're in the market for a straightforward cash back card, Credit One Bank, which has co-branded cards with NASCAR and other professional sports teams, has a new American Express card that gives one percent back on all purchases.
"American Express is a leader in rewards and loyalty, and we are proud to offer our customers a strong product with the security and value of the American Express Network," said Robert DeJong, chief executive officer, Credit One Bank, in a statement. "And, at the same time, we're offering customers the chance to earn more cash back rewards,
The card also features discounts through Amex Offers, access to American Express Experiences, retail and return protection, zero fraud liability, travel accident insurance and extended warranty coverage. Credit One also gives its cardholders access to their Experian credit score.
The card has a flat 25.74 percent variable APR, which is high for a credit card and a $39 annual fee, which is on the lower end for a card with an annual fee. The card's other fees are for cash advances, foreign transactions, late payments and returned payments. The bank has been sending out pre-screened mailer notices for these cards where potential cardholders can either scan qr codes or apply online with a reservation number at creditoneoffer.com and accept.creditonebank.com. To see if you pre-qualification for people who haven't received pre-approved Credit One invitations can see if they are eligible for the offer with soft inquiries at go.creditone.com.
Finally, a few weeks ago I wrote about Sallie Mae's three new credit cards, which are geared toward people with student loans. They've now officially launched to the general public at salliemae.com/credit-cards. The cashback card portfolio offers has the Ignite card for current students, the Accelerate card geared toward those paying student loans, and the Evolve card that offers bonus cash back on top spending categories.
In celebration of the launch, Sallie Mae is giving away $10,000 a month toward student loans for the next year. Ignite and Accelerate cardholders will receive one entry for having the card, one entry for sharing on social and one entry for every purchase they make with the card.