The
Dillard's Credit Card is worth considering if you frequently shop at Dillard’s, along with U.S. grocery stores and U.S. gas stations. It has a $0 annual fee and decent rewards, including a 10% discount at Dillard’s as an initial bonus. This card can also save you money on subscriptions such as Peacock Premium, Instacart+ and Shoprunner, in addition to Lyft rides.
5 Key Things to Know About the Dillard's Credit Card
Two options, one application
There are two Dillard’s cards: the Dillard’s Mastercard Credit Card and the
Dillard’s Store Card. You don’t get to choose between them, though, as there is just one application.
The decision ultimately comes down to your credit standing, with people who have good or excellent credit generally getting the Dillard’s Mastercard and those with fair credit being relegated to the store-only version. Unfortunately, the store card is about half as rewarding as the
Mastercard.
You can compare the two Dillard’s credit cards
here. You can also
check your credit score for free right here on WalletHub.
10% off as a welcome bonus
New cardholders who spend at least $100 at Dillard’s the day they are approved for an account will receive a Welcome Shopping Pass good for 10% off at Dillard’s, up to $100 in savings. You’ll get this discount certificate with your first monthly statement.
Underwhelming ongoing rewards
You will earn 2 points per $1 spent at Dillard’s, as well as at supermarkets and gas stations if you get the
Mastercard. This means you’ll need to spend at least $750 to reach the card’s 1,500-point redemption threshold. At that time, you can redeem for either a $10 gift certificate or a 10% discount.
If you opt for the gift certificate, your earnings will be equal to 1.34% back. For context, the average cash back credit card offers
1.17% back.
The other option’s value obviously depends on how much you spend on your discounted purchase, but it’s a better bet if that amount is at least $120. In that case, the discount would save you $12, and your total spending would be $870, resulting in an earning rate of 1.38% back.
Neither option is all that enticing, considering the best store-affiliated credit cards offer 15%+ off your first purchase and 5% back on an ongoing basis.
No annual fee
Perhaps the best thing about the Dillard’s Credit Card is the fact that it doesn’t charge an annual fee. That saves you about
$27.85 per year compared to the average credit card. But no annual fee is the norm for retailer-affiliated plastic, so its value shouldn’t be overstated.
High APR
The
Dillard's Credit Card’s interest rate is extremely high. For context, the average APR among credit card offers available right now is
22.35%, according to
WalletHub’s Credit Card Landscape Report, and even that overall average is pretty high.
Fortunately, you can avoid interest charges by paying your full statement balance by the due date every month. You’re going to need to do that if you want this card to save you money.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
