Review: The Limited Credit Card

limited-credit-card-225Women’s clothing retailer The Limited offers a credit card in partnership with Comenity Bank that allows you to earn points toward future purchase discounts, but watch that interest rate! Our overview / review of The Limited credit card is below:

The first thing to understand about The Limited’s credit card is that it is only accepted at The Limited, not at any other stores. We are generally not fans of credit cards with such limited acceptance unless they offer great rewards or some other compelling incentive.

Does this card have a compelling offer? Maybe, if you are a frequent customer of The Limited. Here’s what it offers:

  • 1 reward point for every dollar charged to the card — you get a $15 reward card toward a future purchase at The Limited every time you reach 300 points.
  • 15% off your first purchase with the card.
  • A “birthday bonus” discount in your birth month.
  • Opportunities to earn greater points per dollar throughout the year.
  • Free pant hemming.

That’s a lot of bullet points, but not necessary an irresistible offer. And then you need to take into consideration the card’s interest rate: 24.99%!

Yes! An interest rate of about 25% awaits the unaware credit card holder who leaves a balance on this card! Do NOT get this card if you ever carry a balance on your credit cards. The interest will more than cancel out any rewards you receive.

That said, if you want to apply for a credit card from The Limited, the online application is here.