Review: TJ Maxx Credit Card

tjmaxx_logoThe TJ Maxx credit card is officially known as the TJX Rewards Credit Card because it can be used at TJ Maxx as well as at Marshalls, HomeGoods, and Sierra Trading Post stores (all part of the TJX Companies, Inc., hence the card name). The card offers a decent rewards program for customers, but first a warning:

The TJ Maxx Credit Card has an interest rate of 27.49%!!! That’s really high!! If you don’t pay off your balance each month, you are going to pay lots of interest. If you carry even a $100 debt on the card for a whole year, you’ll end up paying over $25 extra on those purchases! Don’t get the card if you have a habit of carrying a balance!

That said, if you are in the habit of paying off your credit cards in full and on time, TJ Maxx credit cards do offer a number of perks:

  • 10% off your first in-store purchase after you open a new card account
  • A $10 rewards certificate for every 1000 points you earn. You earn 5 points per dollar on purchases at TJ Maxx, Marshalls, HomeGoods, and Sierra Trading Post, so you’d get the $10 after spending just $200 at TJ’s. (If you get the TJX MasterCard, you’ll also get 1 point per dollar on any purchases you make outside TJ Maxx. See below for an explanation of the 2 different TJ Maxx cards.)

When you apply for a TJ Maxx credit card, you are agreeing to be approved for either of the 2 cards that TJX offers:

  • The standard TJX credit card that can only be used in TJ Maxx, Marshalls, Sierra Trading Post, and HomeGoods stores, or
  • The TJX MasterCard, which can be used at TJ Maxx stores and anywhere else that MasterCard credit cards are accepted.

Which card you get will depend on your credit history — if you have good credit, you’ll likely get the MasterCard, while consumers with less-than-perfect credit will get the TJ Maxx-only card.

You can apply for the TJ Maxx credit card via this online application. TJX credit cards are issued in partnership with Synchrony Bank (formerly known as GE Capital Retail Bank).