Yes, Ulta does have a credit card. It comes in two forms: the Ulta Store Card that can only be used at Ulta and the Ulta Credit Card that works everywhere. Both Ulta credit cards are issued by Comenity Bank and offer the same perks on Ulta purchases. This includes 20% off your first purchase. And neither charges an annual fee. But the Ulta Credit Card rewards you for purchases made elsewhere, too. It also requires a higher credit score than the Ulta Store Card, which you can get with fair credit.
Here’s what you’ll get from the Ulta credit cards:
Both cards get you 20% off your first purchase and 2 points / $1 spent at Ulta.
Neither card has an annual fee.
The Ulta Credit Card gives you 0.33 points / $1 spent elsewhere. It also has an initial bonus of 20% off your first purchase at Ulta Beauty, plus 500 points for spending $500 outside of Ulta Beauty in the first 90 days.
You can apply for an Ulta cards in-store at checkout or online. There’s only one application, so Comenity Bank decides whether you get the Ulta Credit Card or the Ulta Store Card.
It’s possible to get instantly approved in-store or online. If you’re approved in-store, you can use your account right away for a purchase. Customers approved online may also look up their account in-store before their card arrives. But you can’t make a purchase online before you get your card.
Points expire at the end of the quarter one year after you earned them. For example, if you earned points in January 2022, they would expire on March 31, 2023.
The points you earn in a month show up within five business days of your statement closing.
You generally need good credit to get the Ulta Credit Card and fair credit to get the Ulta Store Card.
If you’re a frequent Ulta customer, getting an Ulta Store Card could definitely be a good idea. But the Ulta Credit Card isn’t so great for other purchases. So it’s best to use a different rewards card for non-Ulta spending.
Yes, they actually have two rewards credit cards issued by Comenity Capital Bank, one of which is a Mastercard. They both offer 20% off your first purchase, they don’t charge any annual fees, and you get 2 points for every dollar spent there. In addition, the Mastercard gives you 1 point for every $3 spent outside their store.
Ulta points are worth 4.16 cents each, on average. For example, 10,000 Ulta points have a dollar value of roughly $416. As a result, Ulta points are more 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 Ulta points:… read full answer
Dollar Value of Redemption Item / Number of Ulta Points Needed = Ulta Point Value
How to Earn More Ulta Points
It’s important to remember that while you can’t change the redemption values of Ulta points, you can increase the rate at which you earn them. One of the best ways to increase the number of Ulta points that you earn is to apply for either the Ulta Mastercard or the Ulta Store Credit Card. That can also help you reach a higher status tier in the Ultamate Rewards program, further boosting your earning potential.
A credit score of 640 or higher is needed to get a Comenity Bank credit card in most cases. That means you need at least fair credit to get approved. However, there are some Comenity credit cards that require a credit score of 700 or better (good credit).
What you should know about Comenity Bank credit cards:
Comenity credit cards are known for being easy to get. Most Comenity Bank credit cards are store cards, meaning you can only use them at whatever retailer they’re tied to. On the plus side, most of these cards only require fair credit for approval.
However, there are some exceptions. For instance, Comenity Bank also offers open loop cards, which can be used anywhere Visa and Mastercard are accepted. They require at least good credit.
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