The GAP Credit Card’s rewards are 1 - 5 points per $1, depending on the type of purchase. It is worth noting that the GAP Store Card’s rewards are almost identical to these offered by the GAP Credit Card. But the store version can only be used at the GAP family of brands.
Here are the GAP Credit Card rewards and perks:
Receive 20% Off your first purchase made at Gap within 14 days of account opening.
Earn 5 Points for every $1 spent at Gap, Banana Republic, Old Navy, and Athleta, and 1 Point for every $1 spent on all Mastercard purchases made outside the family of brands.
100 Points = $1 Reward redeemable across the family of brands, no merchandise restrictions.
Free Fast Shipping on all online orders $50 or more.
Unlock up to 2,000 bonus points annually when you shop at 2 or more of the Gap Inc. brands. 2 brands = 500 pts // 3 brands = 1,000 pts // 4 brands = 2,000 pts.
Cardmembers get 250 bonus points each quarter that you make a qualifying purchase at Gap, Banana Republic, Old Navy, or Athleta. Icon Membership tier (with 5,000 points accumulated) will earn 500 bonus points. Terms apply.
GAP Credit Card points are worth 1 cent each. So, when you earn 500 points, you’ll receive $5 in rewards. These points can be redeemed in-store or online at Gap and its affiliates (including Old Navy, Gap Factory, and Banana Republic).
Yes, rewards credit cards are worth it as long as you don’t overspend just to earn the rewards. The best rewards credit cards are worth more than $2,000 in savings for the average person over the first two years of use, after annual fees.
You need good or excellent credit to get the most worthwhile rewards cards, however. Things aren’t as clear-cut for people with lower scores. In addition, rewards credit cards are only worth it for purchases that you can afford to pay off fully by the due date each month. Credit card interest rates are much higher than credit card rewards rates, so it’s best to use a ... read full answerlow interest card for balances that you’ll carry from month to month.
How to Choose a Worthwhile Rewards Credit Card
When determining if a rewards credit card is worth it or not, you have to weigh the worth of the rewards against the cost of the card. If the rewards card has no annual fee and you plan to pay the bill in full every month, it’s pretty easy to decide the card is worth it.
However, you’ll often get the best rewards and biggest signup bonuses from cards that do have annual fees. In that case, you just have to crunch the numbers to make sure you’ll get your money’s worth.
Regardless of which rewards card you choose, be sure to understand how you can earn rewards most efficiently. Some cards have higher rewards rates for specific categories, and some give a flat rewards rate that you earn on all purchases. The fastest way to earn credit card rewards is through signup bonuses.
Many of the top rewards cards come with signup bonuses that you can get for meeting a minimum spending requirement in the first three months. The signup bonuses are usually worth several hundred dollars, enough to cover the cards’ annual fees for years. And you can get them for spending money you were already planning on spending.
Gap points are worth 1 cent each, on average. For example, 10,000 Gap points have a dollar value of roughly $100. As a result, Gap points are less valuable than the average clothing store's rewards points, which are valued at 3.18 cents each.
The easiest way to calculate the value of a retailer's rewards points for any redemption method is to determine the dollar value of what you're redeeming for, minus any taxes and fees that you'll still have to pay, and then divide that amount by the number of points you're required to redeem. For your convenience, here's the formula for Gap points:... read full answer
Dollar Value of Redemption Item / Number of Gap Points Needed = Gap Point Value
How to Earn More Gap Points
It's important to remember that while you can't change the redemption values of Gap points, you can increase the rate at which you earn them. One of the best ways to increase the number of Gap points that you earn is to apply for either the Gap Visaor the Gap Store Credit Card. That can also help you reach a higher status tier in the Bright Rewards program, further boosting your earning potential.
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