The Old Navy Credit Card is a popular store card offering a range of benefits, particularly for those who frequently shop at Old Navy, a well-known American retail brand specializing in fashion for the entire family. As part of the Gap Inc. family, which also includes brands like Gap, Banana Republic, and Athleta, the Old Navy Credit Card is a valuable tool for shoppers who want to earn rewards and enjoy exclusive discounts at Old Navy and affiliated stores. However, like any financial product, the card comes with its own pros and cons, and it’s important to understand the terms and features before applying.
In this guide, we’ll dive into the benefits, types of Old Navy Credit Cards, how to apply, fees, and everything you need to know to determine if this card is the right choice for you.
What is the Old Navy Credit Card?
The Old Navy Credit Card is a retail credit card that provides customers with access to exclusive rewards and offers for purchases made at Old Navy stores or online. It is issued by the Synchrony Bank, and cardholders can enjoy various benefits, such as earning rewards points for every dollar spent, special financing offers, and birthday discounts. Additionally, those who use the Old Navy Credit Card often can save on their future purchases, making it an attractive option for loyal shoppers.
Types of Old Navy Credit Cards
Old Navy offers two types of credit cards: the Old Navy Credit Card and the Old Navy Visa® Credit Card. The differences between these two cards mainly center around where the card can be used and the types of rewards and benefits offered.
1. Old Navy Credit Card (Store Card)
- Where it can be used: This card can only be used for purchases at Old Navy and other Gap Inc. stores (such as Banana Republic, Athleta, and Gap). It is not a general-use credit card, so you can only use it in participating stores or online at oldnavy.com.
- Rewards and Benefits:
- Earn points: 5 points for every $1 spent at Old Navy and affiliated stores.
- Special promotions: Cardholders often receive exclusive offers, such as birthday discounts or special sales events.
- Rewards: For every 500 points accumulated, you earn a $5 reward that can be redeemed at Old Navy stores or online.
2. Old Navy Visa® Credit Card
- Where it can be used: The Old Navy Visa® Credit Card functions as a regular credit card that can be used anywhere Visa is accepted, both in stores and online.
- Rewards and Benefits:
- Earn points: 5 points for every $1 spent at Old Navy and affiliated stores, and 1 point per $1 spent on other purchases (like groceries, travel, and dining).
- Rewards: Like the store card, you can earn a $5 reward for every 500 points.
- Additional benefits: Cardholders may receive Visa-specific perks, such as fraud protection and emergency card replacement, which are not available with the store card.
Benefits of the Old Navy Credit Card
The Old Navy Credit Card offers several benefits for frequent shoppers. These rewards and perks can significantly reduce the cost of clothing and other products over time.
1. Earn Reward Points
Both the Old Navy and Old Navy Visa® Credit Cards allow cardholders to earn reward points on every purchase. With the store card, you earn 5 points per $1 spent at Old Navy and affiliated brands. With the Visa® card, you still earn 5 points per $1 spent at Old Navy, but you also earn 1 point per $1 on all other purchases, making it a better choice for those who want a credit card they can use everywhere.
As you accumulate points, you can redeem them for rewards such as discounts or free items. For example, 500 points equals $5 in rewards. This can quickly add up if you regularly shop at Old Navy or its sister stores.
2. Exclusive Offers and Promotions
Old Navy often offers special promotions to cardholders, such as extra discounts during the holidays, back-to-school sales, and exclusive members-only events. Some offers might include bonus reward points or special discounts on select merchandise. These exclusive perks make the card especially valuable for those who regularly shop at Old Navy.
3. Birthday Discount
Cardholders receive a special birthday offer, which usually consists of a one-time discount (such as 20% off your next purchase). This is a nice perk for those who love shopping at Old Navy and want to treat themselves on their special day.
4. Flexible Payment Options
The Old Navy Credit Card, particularly the Visa® version, offers flexibility in how it can be used, and offers some financing options, which can be especially useful for larger purchases. These flexible payment options make it easier to manage your purchases and budgeting.
5. Free Standard Shipping
For cardholders who shop online, free standard shipping on all orders is often available, which can be a significant savings on shipping costs, especially if you order frequently.
6. No Annual Fee
One of the biggest advantages of the Old Navy Credit Card is that it does not have an annual fee. This is a great benefit for those who want to earn rewards without the burden of paying a yearly fee.
Drawbacks of the Old Navy Credit Card
While the Old Navy Credit Card has many benefits, there are also some drawbacks that should be considered before applying for the card.
1. High-Interest Rates
The interest rates on the Old Navy Credit Card can be quite high, with APRs typically ranging from 26.99% to 29.99%. This can make carrying a balance on the card expensive. If you’re someone who doesn’t pay off their balance in full every month, the high-interest rates can quickly negate any rewards you earn.
2. Limited Use for the Store Card
The Old Navy Credit Card (the store card) can only be used at Old Navy and other Gap Inc. brands. While this may not be an issue for people who shop exclusively at these stores, others may find the card less useful compared to more general-use credit cards that offer broader rewards programs.
3. Rewards Redemption Restrictions
The rewards earned with the Old Navy Credit Card are often subject to certain restrictions. For example, rewards may only be redeemable during certain times of the year, or may only apply to specific categories of products. Additionally, rewards points can expire if not used within a certain timeframe.
4. Limited Rewards for Non-Old Navy Purchases (Store Card)
The Old Navy Credit Card earns the best rewards when used at Old Navy and its affiliated stores. If you are looking for a card that offers rewards for a variety of purchases outside of fashion, the Old Navy Credit Card (store card) may not be the best choice. The Visa® version of the card does offer 1 point per dollar for other purchases, but it still falls short of other general-use cards that may provide more robust rewards.
How to Apply for the Old Navy Credit Card
Applying for the Old Navy Credit Card is simple, and the process can be done online or in-store. To apply online, visit the Old Navy website or the Gap Inc. website and select the Old Navy Credit Card option. You’ll need to provide some basic information, including your name, address, social security number, income, and other financial details.
Approval for the card will depend on your credit score and financial history. Those with good to excellent credit (typically a score of 650 or higher) are more likely to be approved.
Conclusion
The Old Navy Credit Card is a solid choice for people who frequently shop at Old Navy and its affiliated brands. The ability to earn reward points, access exclusive discounts, and enjoy special perks like birthday rewards and free shipping can make it an appealing option for loyal customers.
However, before applying, consider the potential drawbacks, such as the high-interest rates and the limited use of the store card. If you are not someone who shops at Old Navy often or if you prefer a more versatile rewards card, you may want to explore other options. Ultimately, the Old Navy Credit Card can be a valuable tool for those who want to maximize savings while shopping for clothing, but it’s important to understand the terms and make sure it fits your lifestyle and spending habits.
