What Bank Issues Kohl’s Credit Card? Capital One.
Kohl’s Charge Card Review
Getting customers into Kohl’s stores is one of the company’s strong suits. With the inclusion of in-store pick-up, it has stepped up its e-commerce game as well.
Kohl’s Cash is also a must-have. It’s a good idea to open a Kohl’s Charge card if you frequently shop at Kohl’s and want to get even more out of your visits there.
How to Use Your Kohl’s Charge Card: The Basics
The Kohl’s Charge is the official name of the credit card that many people refer to as the Kohl’s Credit Card or the Kohl’s Card.
The Kohl’s Credit Card is a closed-loop card, which means that you can only use it at Kohl’s stores, like all other store credit cards. Regardless, store cards work like a traditional credit card outside of only being able to be used at the specific issuing store. These retail cards are great if you shop at these specific stores frequently.
With an annual percentage rate (APR) of 27.24 percent, there is no balance transfer or cash advance option available with this card. There is also no annual fee associated with using the card.
But late fees might cost you up to $38 with this card. The Kohl’s Charge card is absolutely free for you if you meet the qualifications and pay your credit card bills on time and in full.
Benefits of the Kohl’s Credit Card
Having a Kohl’s Charge card has a slew of fantastic advantages, so let’s get started from the beginning. There are various ways that the Kohl’s card can help you to earn rewards.
For the first time you use your card, you’ll earn an additional 35 percent off your first purchase at Kohl’s. You may buy this product online, through the Kohl’s mobile app, or at a shop. In addition, you’ll enjoy the following perks as a cardholder:
- Coupon. A 15% discount coupon for your next online or in-store Kohl’s purchase will be included with your Kohl’s Credit Card when it is mailed to you in the mail.
- In store discounts. From time-to-time you will be able to take advantage of in store discounts, if you use your Kohl’s credit card as payment.
- Going paperless comes with the added benefit of. You’ll receive a $10 discount in your email inbox if you choose for paperless statements.
- Offers that are not available to the general public. Throughout the year, you’ll get 12 exclusive offers in the mail. Each special deal is only available for a short period of time and can be used at the time of purchase either online or in the shop. When you pay with your Kohl’s Credit Card, you may be eligible for a promo code that provides you a 15%, 20%, or 30% discount on your purchase. If you lose or can’t find your special offer mailer, you’ll get 15% off your order throughout the campaign period.
- Additionally, you’ll receive six additional deals and an annual birthday gift for being a Kohl’s Most Valued Customer (MVC). The annual birthday gift is a $10 coupon.
- Mailing customers a heads-up about impending sales. You can be one of the first customers to enter the store when the deal begins. Preloading your cart before the deal begins is an option if you prefer buying online.
Making a payment using your Kohl’s Credit Card can be done in a number of ways to suit your needs. Payments can be made at the store, by mail, via phone, through the Kohl’s mobile app or online once an account portal has been set up for the cardholder.
How to Use Your Kohl’s Charge Card to Improve Your Credit Score
Like most credit card issuers, the financial institution behind the Kohl’s credit card reports to the three major credit bureaus (which are TransUnion, Experian, and Equifax) on a monthly basis.
Most store credit cards do this, but not all, so it is important to keep this in mind if you want to not only take advantage of the various Kohl’s rewards programs, but also build your credit score.
This means that frequent use of the Kohl’s credit card, and timely payments on your balance, will have a positive impact on your credit report. Maintaining a solid credit history can even increase your store credit limit over time, which will allow you to build up even more credit history.
Over time, you can even see an increase to your credit limits on other cards, because of the positive impact on your credit report.
Because the major credit bureaus look at credit utilization and timely payments, as long as you are using your Kohl’s credit card and are paying off the balance on time, you will see an improvement to your credit standing over time.
Things to Keep an eye out for While Using the Kohl’s Charge Card
As beneficial as the Kohl’s Credit Card might be, there are a few downsides to be aware of.
1. Not All Items are Eligible for Discounts
It’s not always possible to get a discount on certain products at Kohl’s. Several brands, both online and in-store, will not be eligible for discounts. You won’t be able to use promotional coupons on Levi’s jeans or a new Dyson vacuum, but you can earn and use Kohl’s Cash instead.
There are also a few brands of sporting goods that are not eligible for Kohl’s coupon discounts; these include professional sports team merchandise as well as consumable products and luxury athletic brands.
Although some firms occasionally provide their own Kohl’s promotions, both online and in-store, they do so on a limited basis. The brands and categories of products not eligible for a discount should be familiarized prior to signing up for a Kohl’s Charge account.
2. Offer Time Frames are Short
As soon as you receive your special deals, it’s imperative that you take advantage of them before they expire.
If you miss one of the limited-time offers, you’ll have to wait until the next one comes along to save money on your purchase.
3. Late Fee and High APR
In addition to a $38 late payment fee, the APR on the Kohl’s Credit Card might be lower. In comparison to other credit cards, this card’s variable APR of 27.24 percent is a lot higher than the average APR of 16 percent.
This is mitigated a little by the fact that there is no annual fee with the card, but it is still something you should be mindful of.
If you don’t pay off your debt in full each month, this high APR might lead to significant interest fees.
You can request a credit line increase every three months if you meet certain requirements, but your spending limit will likely be lower than with other credit cards.
4. Potentially Confusing Rewards
Having a Kohl’s Credit Card isn’t required to participate in many of Kohl’s incentive programs. Kohl’s Cash, for example, is open to all customers. If you want to take advantage of Kohl’s Yes2You Rewards program, you’ll need to establish a separate account.
In order to maximize the benefits of your Kohl’s Charge card, it’s important to keep track of all the different programs you’re eligible for.
The Kohl’s Credit Card is Best Suited for the Following Individuals.
If you regularly shop at Kohl’s or are considering making the transition from another department store, establishing a Kohl’s credit card is a no-brainer because of the initial savings you earn. The retailer credit card is idea
This credit card is great for frequent Kohl’s shoppers, or those that are considering making the transition from another department store.
For those individuals, establishing a Kohl’s credit card is a no-brainer because of the initial savings you earn.
The retailer credit card is ideal for those who are disciplined and flexible enough to shop throughout promotional seasons.
To maximize your cardholder and rewards benefits, it’s important to manage your points and use them as soon as feasible.
Application for the Kohl’s Credit Card
Application for the Kohl’s Charge card is straightforward. You can check to see if you are pre-qualified online, and you do not have to worry about a hard query on your credit record.
To qualify for a Kohl’s card, you will likely need to have at least a fair credit score. Once you’ve determined whether or not you prequalify online, you may apply for a credit card online or in person.
Your credit score doesn’t have to be perfect to get authorized; in fact, you may be approved even if yours isn’t.