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Banking , Credit Cards

What Bank Does Jcpenney Use

By David Krug 5 minute read

It’s a conventional retail credit card from JCPenney, but it comes with a few extra benefits that might be beneficial to the appropriate clients. Many department shops, like JCPenney, provide their customers with rewards credit cards that they can use both in-store and online to earn points toward future purchases. JCPenney cardholders receive additional benefits in addition to the many discount choices and special savings possibilities that are available to them.

A JCPenney store card may be worthwhile if you’re a regular customer or intend on making a lot of purchases. Before you apply for the JCPenney Credit Card, here are some things to keep in mind. What Bank Does Jcpenney Use?

The Fundamentals of the JCPenney Credit Card

Standard, Gold, and Platinum credit cards are available at JCPenney. Synchrony Bank, the credit card business, manages them all.

To get started, you’ll get a basic red JCPenney credit card when you apply for one. You will be upgraded to the Gold card if you use your card at JCP.com for purchases totaling $500 or more in a calendar year. The Platinum card is available to those who spend at least $1,000 in a calendar year. You’ll need to spend at least this much per year to maintain these levels.

When you use your JCPenney Card on the first day of your account, you can enjoy 15% off certain items like clothes, shoes, fine jewelry, salon products, and accessories, or 5% off big-ticket items like electronics/electrics, beds, and smartwatches. Application in-store may get different results.

Cardholders of the JCPenney Credit Card enjoy a variety of perks, including:

  • Incentives in honor of your upcoming birthday
  • In-game events that provide you an opportunity to gain more points
  • Coupons and deals for members only
  • More than 150 days of amazing discounts
  • Purchases from JCPenney may be eligible for special financing, which may include no interest for a period of six months to thirty months.
  • In addition, Gold and Platinum cards receive additional perks (more on that below)

The JCPenney Credit Card: Seven Things to Know

1. Earn bonus points for using your JCPenney Card

In order to participate in the JCPenney Rewards program, all cardholders must sign up. This is a points-based program that rewards members with a $10 JCPenney gift card after earning 200 points.

Using your JCPenney Card entitles you to one point for every dollar spent on eligible items. You receive a 0.5:1 return on all other forms of payment. This means that every time you use your JCPenney Card, you’ll get twice as many points.

2. Automatic bonuses when you earn enough points

You won’t have to worry about redeeming your reward points when you use this card. JCP.com/Rewards allows you to obtain your reward certificate by email or mail.

Only JCPenney products may be purchased using reward vouchers. While your points don’t expire, your reward certificates expire at the earliest 45 days after you receive them. Make a note of how long you have to utilize the $10 in cash back you’ve accrued from your purchases.

3. Extra perks with Gold and Platinum status

In addition to the privileges described above, JCPenney’s Gold and Platinum cards receive extra perks. There is no additional charge for becoming a Gold cardholder; you get the same benefits as any other cardholder, but also a “Pick Your Own Sale Day”, which gives you access to additional coupons and special deals.

In addition to these perks, Platinum members receive a $15 birthday discount (instead of the standard $10), 30 percent off during designated Platinum Appreciation sale days, and double points on any Sephora purchases purchased through JCPenney using their card.

4. Special discounts and savings days for cardholders

Customers who carry a credit or debit card receive additional savings options that are just available to them. More than 150 special savings days each year are available to everyone, regardless of status.

5. The APR is high

As with other shop credit cards, the JCPenney Credit Card has a high interest rate. Of course, you may prevent these charges by making on-time, full-month payments on your credit card account. However, if you have any plans to use this card to carry a debt, you should proceed with care because of the high interest rates.

In-store, JCPenney.com, and partner brand purchases are the only ways to make use of the JCPenney Credit Card. The JCPenney salon, optical center, and picture studio are just some of the places where you may use your JCPenney credit card. Shop at Sephora.com with it as well!

7. You’ll face high fees for late payments

In the event of late payments, there are two tiers of penalties. You will be assessed a $27 late payment fee even if your payments have been on time for the previous six months. There is an additional cost of $38 if you’ve been late for at least one time in the last six months.

Who should use a JCPenney Credit Card

As a JCPenney credit cardholder, you may take advantage of the card’s Gold or Platinum level privileges, as well as additional advantages and reward bonuses. With JCP’s specific financing options and reward points, big-ticket purchases or frequent JCP purchases might benefit from these advantages.

Those who don’t shop regularly at JCPenney or who anticipate owing money on the card may not see much of a return on their investment.

How to apply for the JCPenney Card

Applying for a JCPenney Credit Card is easy since you may do it online or in-store. Visit the JCPenney Online Credit Center to begin the application process. Provide your name, address, phone number, e-mail address, date of birth, Social Security number, and taxable yearly income. ‘

After that, you’ll be presented with a number of alternatives and prompted to go over the card’s terms and conditions. Synchrony Bank will then assess your application and make a decision within a few hours.

A sales representative will take you through how to apply in a store, and you’ll have to fill out the same information as when you apply online. As a result, you’ll almost always get a response within the hour. Candidates for JCPenney credit cards with credit ratings of “fair” or above are frequently accepted.

A JC Penney shop, JCPCreditCard.com, or the payment slip that arrives with each monthly statement are all options for JCPenney credit cardholders to pay their bills. SYNCB is the mailing address for checks and money orders.

P.O. Box 960090

Orlando, FL 32896-009

Alternatives to the JCPenney Card

If JCPenney’s rewards program doesn’t meet your needs, you may want to check into a generic rewards card with more features. In terms of credit cards, Chase Freedom Flex and Chase Freedom Unlimited, for example, may be worth consideration.

If you spend $1,500 in a given quarter, you’ll get 5% cash back in rotating quarterly categories, 3% cash back on restaurants (including takeout and qualifying delivery), and 1% cash back on all other purchases with this card.

Cash back of up to 5% is available on all purchases made with the Chase Freedom Unlimited credit card. How do you know what to choose? Check out our complete side-by-side analysis of these two gaming consoles.

American Express’s Blue Cash Everyday® Card may also be an excellent choice because it provides a variety of cashback levels. In the US, you earn 3 percent cash back on purchases up to $6,000 per year at US supermarkets, 2 percent cash back on purchases at US petrol stations, and 1 percent cash back on all other purchases.