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, the Ulta Credit Card reports to all major credit bureaus (TransUnion, Experian, and Equifax) on a monthly basis. So if you pay your bills on time and stay below your credit limit, it can help you build credit.