Review: World Market Credit Card

Furniture and home decor retailer World Market (aka, Cost Plus World Market) offers a credit card in partnership with Comenity Capital Bank that allows you to earn rewards with every purchase. Is the card good enough to add to your wallet? Our overview/review is below:

The first thing to know about the World Market credit card is that it is a MasterCard. This is good, because it tells you that you can use this card not only at World Market, but also anywhere else that MasterCard is accepted (which is almost everywhere). Many other retailer credit cards are accepted only at those retail chains, limiting their usefulness. In addition, every time you open a new credit card, it causes a temporary hit to your credit score, so it is better to open credit accounts that can be used widely, such as the World Market MasterCard.

That said, do the rewards make the card worth it? When you use the World Market MasterCard, you get:

  • 5% back in the form of rewards points/cash for every dollar spent at World Market as well as its sister stores, including Bed Bath & Beyond, buybuy Baby, Christmas Tree Shops, andThat!, and Harmon Face Values.
  • 2% back on purchases of gas and groceries
  • 1% back on all other purchases

Every time your rewards hit $10, you get a $10 rewards certificate you can use toward future purchases at World Market or these other stores.

World Market also wants you to make this your everyday credit card, so much so that they have a couple upfront incentives if you use the card regularly outside of World Market and its sister stores:

  • Earn a $25 gift certificate is you use the card for at least $1000 in purchases outside of World Market and its sister stores within the first 6 months of having it.
  • Earn an additional $75 gift certificate if you use the card for at $6000 in purchases outside World Market and its sister stores in those first 6 months.

So, is this card worth it? It could be, but only if you are a very regular customer of World Market and its sister stores. That’s where you are getting the greatest rewards for your spending, and obviously your rewards are specific to these stores as well. But that reward is generous, and the additional rewards you can receive for spending outside of World Market make this a card to seriously consider if you’re a regular World Market shopper.

Final note: The World Market credit card has three interest rate tiers. You could be accepted for the card at an interest rate of 14.99%, 18.99%, or 24.99%, depending on your credit history. Regardless of which rate you get, be sure to pay off your complete balance every month, or you are likely to pay more in interest than you would receive in rewards.

More information about the World Market MasterCard and an online application can be found here.