What is the annual fee for a JCPenney Credit Card? (2024)

What is the annual fee for a JCPenney Credit Card?

The benefits of a JCPenney credit card are a $0 annual fee, a 35% off welcome bonus, and earning 1 point for each dollar spent (those can later be redeemed at the company's offline or online stores).

Is there an annual fee for a JCPenney Credit Card?

The JCPenney Credit Card has a $0 annual fee and offers an attractive initial bonus, but its ongoing rewards aren't as valuable.

Is the JCPenney Mastercard worth it?

Even so, the rewards earnings on the JCPenney Mastercard* can be easily surpassed by most other cash-back credit cards. While the card earns 1 point per dollar on purchases made with JCPenney, another credit card could earn you 2% cash back not only on JCPenney purchases, but on all purchases.

What credit score is needed for a JCPenney Credit Card?

You need a credit score of at least 640 to get the JCPenney Credit Card. That means people with fair credit or better have a shot at getting approved for this card. The JCPenney Mastercard, on the other hand, requires a 700+ credit score (good credit).

What is the difference between gold and platinum JCPenney cards?

If you spend $500 or more on merchandise or services in store or at JCP.com with your card in one calendar year, you'll be upgraded to the Gold card. Spend $1,000 or more and you'll qualify for the Platinum card. To maintain these levels, you'll need to spend at least these amounts annually.

What is the highest credit limit for JCPenney Credit Card?

The JCPenney Credit Card credit limit is usually around $500 to start, according to forum posts, and some cardholders report limits as high as $15,000. Synchrony Bank does not include any specific JCPenney Credit Card credit limit information in the card's terms, though.

Can I use my JCPenney MasterCard at Walmart?

You can only use the JCPenney Credit Card at JCPenney stores, JCPenney.com, Sephora stores inside JCPenney locations, and Sephora.com.

What's the difference between JCPenney Credit Card and JCPenney Mastercard?

You can only use the JCPenney Credit Card at JCPenney stores, JCPenney.com, Sephora stores inside JCPenney locations, and Sephora.com. The JCPenney Mastercard, on the other hand, can be used anywhere Mastercard is accepted. It's worth noting that potential cardholders do not get to choose which card they apply for.

What is the weakness of JCPenney?

SWOT Analysis of J. C. Penney: Strengths: Established brand, wide range of products, strong customer loyalty. Weaknesses: Declining sales, high competition, struggling financial position.

What happens if I never use my JCPenney Credit Card?

It's interest rates are higher than regular cards but all department store rates are higher. They will drop your credit line if non active after one year and close the account after two years of inactivity. Just use it at least once a month.

What bank owns JCPenney Credit Card?

The JCPenney Credit Card is issued by Synchrony Bank.

How often does JCPenney increase credit limits?

How Often the JCPenney Credit Card Increases Your Credit Limit. Automatic: It may be possible to get an increase every six to 12 months. By request: You can request a credit limit increase every 4 months.

Does JCPenney do a hard pull?

Yes, the JCPenney Credit Card will do a hard pull on your credit when you apply for it. This might have a short-term negative effect on your credit score.

How many credit cards are too many?

Owning more than two or three credit cards can become unmanageable for many people. However, your credit needs and financial situation are unique, so there's no hard and fast rule about how many credit cards are too many. The important thing is to make sure that you use your credit cards responsibly.

What does "black card" mean?

A black credit card is an ultra-exclusive card offered by some card issuers and typically reserved for their wealthiest customers. A black card is considered a status symbol in pop culture, in part by requiring card spending in the tens or hundreds of thousands to be considered for one, among other criteria.

Should I get Platinum Amex or gold?

When it comes to ongoing rewards on purchases, Amex Platinum has a higher maximum earning rate and better travel rewards. But Amex Gold provides saves you more money on everyday purchases. So, which is better will really depend on your spending habits.

What is a respectable credit limit?

If you're just starting out, a good credit limit for your first card might be around $1,000. If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.

What credit card has a $100000 limit?

On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.

Is $20000 a good credit card limit?

Yes, $20,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $20,000 or higher.

What are the benefits of having a JCPenney card?

Earning Your Points

When using your JCPenney card for purchases at JCPenney or jcp.com, you'll automatically earn 1 point for every $1 spent (while non-cardholders earn 1 point for every $2 spent) up to the “Point Maximum” of 2,000 points in a single transaction.

How hard is it to get a JCPenney Credit Card?

This card is available to people with fair credit or better, which means that most people should have a shot at approval but there are also plenty of people who won't qualify. In order to get the JCPenney Credit Card, you will have to meet the credit score requirement, have a steady income and be at least 18 years old.

Can I use JCPenney Credit Card at Amazon?

Yes, you can use your JCPenney Mastercard virtually everywhere in the world that accepts credit cards, as this is card is on the Mastercard network.

Can I use my JCPenney Credit Card at CVS?

Where can my JCPenney Credit Card be used? Your JCPenney Credit Card can be used at all JCPenney Stores, jcp.com and Sephora.com.

Can I use my JCPenney Credit Card at Macy's?

No. A JCPenney credit card can only be used at JCPenney, 5 Star Outlet Stores and select Rite Aid and CVS locations.

Can my husband use my JCPenney Credit Card?

A primary cardholder can make anyone a JCPenney Credit Card authorized user, as long as they are at least 18 years old.