The
Old Navy Credit Card is a good credit card to get if you like to shop at Old Navy, Gap, Banana Republic, and Athleta. It’s worth applying because this card costs nothing to own and it will save you 5% to 30% on purchases from the Old Navy family of brands. You can also get perks like free shipping on online orders of $50+.
Just note that you will need to pay your bill in full every month if you decide to apply for the Old Navy Credit Card and you get approved. It’s not an official rule, but you really don’t want to trigger the card’s high APR because that would cost you a lot more than the card’s rewards save you.
You should also
check your credit score before you apply. You’re most likely to get approved for the Old Navy
Mastercard if your credit score is
700 or higher, but you could get the
store credit card version with a score of 640+. You can learn more about the two offers below.
5 Key Things to Know About Old Navy Credit Cards
Pretty sweet welcome present
You'll receive
30% discount on the first purchase that you make with your Old Navy Credit Card within 14 days of opening an account. That’s a lot of value there for the taking, providing reason enough to apply for the Old Navy Card.
5% back at a quartet of retailers
You will earn 5 points per $1 spent at Old Navy, Gap, Banana Republic and Athleta. That equates to 5% back, considering 100 points are worth $1 in store credit.
In other words, the Old Navy Card gives you just as much rewards value as other leading retail-affiliated credit cards, while giving you more flexibility in terms of where you can shop and what you can redeem earnings for. Most store-affiliated credit cards limit your bonus rewards to one retailer.
Bad if you don’t pay in full.
The Old Navy Credit Card was built for rewards, not carrying a balance from month to month. After all, it doesn’t offer a 0% introductory rate and its regular APR is a lofty one. It’s well above even the
27.48% charged by the
average credit card for fair credit, according to WalletHub’s latest
Credit Card Landscape Report. So do yourself a favor and plan to always pay your monthly Old Navy Card bills in full.
Mastercard or store card depending on your credit
There are two different Old Navy Credit Cards: the Old Navy
Mastercard Credit Card and the Old Navy Store Card. But you don’t get to choose between them. The issuer, Barclays Bank US, decides that for you, based on your overall creditworthiness. People with good or excellent credit typically get the Old Navy
Mastercard, while those with fair credit get the store card.
Fortunately, the only real difference in their terms is the fact that you get 1 point per $1 spent outside the Old Navy family with the
Mastercard, while you can only use the store card at affiliated brands. You can
check your credit score for free on WalletHub to see which Old Navy Card is most likely in your future.
No annual fee
Neither Old Navy Credit Card charges an annual fee, which is obviously good news for your wallet. Just bear in mind that this is not unique. Most store-affiliated credit cards don’t have annual fees.
If you’re interested in alternatives, our editors’ picks for the
best credit cards for shopping can help you save a lot of money at the Old Navy family of stores, too.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
