Review: New York & Company Credit Card

Women’s clothing retailer New York & Company, in partnership with Comenity Bank, offers a credit card that lets you earn Runway Rewards based on your NY&C purchases. But watch out for that interest rate! Our overview / review of the card is below:

The first thing to know about the New York & Company credit card is that it can only be used at New York & Company — it is not accepted anywhere else.  In our mind, credit cards with such limited acceptance are rarely a good idea, because you open up a new credit line that can affect your credit score without a big upside.

Unless you really, really like a particular store, that is. If you really, really like New York & Company and are a regular shopper there, a case can be made for the store’s credit card. It offers:

  • A $10 reward toward future NY&C purchases for every $200 spent. Or, if you are a Premier cardholder (those who put at least $400 on their card in a year), you get a $20 reward for every $200 spent with the card.
  • A $10-off birthday coupon ($15-off for Premier cardholders).
  • “Exclusive cardholder perks” like occasional free shipping offers.

If you are wavering on getting this card, here’s one more thing to consider. It has a ridiculously high interest rate of 27.49%! If you EVER carry a balance on your credit cards, you do not want to add a new card with an interest rate over 27%. Any rewards you earn will be canceled out by the interest you pay.

That all said, if you want a New York & Company credit card, you can apply for one in-store or via this online application.