Review of The Banana Republic Credit Card and The Banana Republic Visa Credit Card
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Banana Republic offers two choices for consumer credit: the Banana Republic Credit Card and the Banana Republic Visa Credit Card. The first is for only shopping at Banana Republic and affiliated stores, but the second can be used anywhere Visa is accepted. Both cards will earn rewards points and help you save money, but watch out for the high APR’s.
Banana Republic Card
For People with
Fair Credit
- Annual Fee: $0
- Interest Rate: 24.99% (Variable)
Quick Card Facts
- Earn 5 points for every $1 spent on Banana Republic and affiliate brands, both in-store and online
Banana Republic Visa Credit Card
For People with
Fair Credit
- Annual Fee: $0
- Interest Rate: 24.99% (Variable)
Quick Card Facts
- Earn 5 points for every $1 spent on Banana Republic brands, in-store and online
- Earn 1 point for every $1 spent on all other purchases
- Double points shopping days; double points on eligible purchases on select days throughout the year
The Rewards
Banana Republic Credit Card
The standard credit card provides 5 points for every 1 dollar spent at the Banana Republic and affiliated stores, which are:
- Gap
- Old Navy
- Piperlime
- Athleta
New applicants can also receive 2,000 bonus reward points for signing up for voice and email message updates.
A $10 reward certificate will be issued for every 1,000 points earned (the equivalent of spending $200).
Banana Republic Visa Credit Card
The Visa version of the Banana Republic card offers all of the benefits described above, but, since it can be used anywhere, it also provides 1 point for every 1 dollar spent outside of the stores listed above.
The Benefits
Banana Republic Credit Card
These cards offer several additional shopping benefits for cardholders.
New applicants will save 15% on their first purchase from Banana Republic, as long as it is made within 90 days of opening the card.
Cardholders will receive access to exclusive deals and sales throughout the year, and get advance warning on new items and upcoming sales. Each year, a special birthday offer will be mailed.
By spending at least $800 in 1 year, cardholders will be automatically upgraded to the Banana Republic Luxe card, which features more benefits. These include:
- Choose your own sale day
- Free shipping for online purchases
- Free basic alterations on purchases from Banana Republic
- Access to Luxe-only sales and events
- An exclusive customer service phone line
- 20% additional reward points
- Triple points shopping days
Banana Republic Visa Credit Card
The Visa version of this card includes all of the offers listed above, as well as access to additional benefits provided by Visa. The exact benefits that come with the card are not publicly disclosed, but you can read about the available Visa benefits here.
It can also be upgraded to the Luxe card.
Banana Republic Luxe Credit Card
For People with
Fair Credit
- Annual Fee: $0
- Interest Rate: 24.99% (Variable)
Quick Card Facts
- Earn 5 points for every $1 spent on Banana Republic brands, in-store and online
- Earn 1 point for every $1 spent on all other purchases
- Earn 20% additional reward points at of the end of each quarter
- Triple points shopping days; triple points on eligible purchases during select days throughout the year
The Costs
| Card | Regular APR | Cash Advance APR | Cash Advance Fee | Foreign Transaction Fee |
|---|---|---|---|---|
| Banana Republic Card | 24.99% (Variable) | Not Applicable | Not Applicable | Not Applicable |
| Banana Republic Visa | 24.99% (Variable) | 26.99% (Variable) | 4%; Min:$10 | 3% |
The Fees
| Card | Late Fee |
|---|---|
| Banana Republic Card | Up to $38 |
| Banana Republic Visa | Up to $38 |
The Bottom Line
Unlike many store cards, the Banana Republic credit cards can be used at the other affiliated stores as well, making them a versatile way to save money on shopping. If you shop at those stores frequently, these cards could end up accumulating a lot of reward points. This effect will become even more powerful if you spend $800 and reach Luxe status.
With both of these cards, you’ll want to pay off your balance before the due date to avoid paying the high interest rate. If you don’t, you can quickly negate any savings you enjoyed with the card.
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