Have you been wondering if Old Navy Credit card would be a good choice for you? Find out here today by evaluating the rewards, benefits, and costs (fees) associated with both cards – Old Navy store card and Old Navy Visa credit card.
Old Navy Credit Card Review
Old Navy store card and Visa credit card are offered by Old Navy via Synchrony Bank. Just like most cards out there, this card is packed with loads of good stuff. For example, cardholders get 5 points for every $1 they spend at Old Navy, Gap, Banana Republic & Athleta. In other words, users are given 5 points reward for every $1 they spend at any sector of Gap Inc. and 1 point for every dollar spent at other places through their Visa credit card. Users can use these points to redeem rewards with Gap Inc. (companies and brands), or can as well receive $5 reward for every 500 points they earn.
The good stuff doesn’t end there. Users who reach 5,000 points within a year get automatic upgrade to a Navyist account which provides more benefits, such as:
- 20% extra Rewards points every quarter.
- Free basic alterations on purchases made at Banana Republic
- Free shipping on all online orders from Old Navy, Banana Republic, Gap, Athleta with code NAVYIST
- Private toll-free priority phone line: 866-450-5295
Like I have already explained above, the Old Navy Credit card provides rewards for purchases carried out at any Gap related companies. It provides incessant benefits for frequent consumers of its brands, such as Old Navy, Gap, Banana Republic and Athleta. Get 15% off your first purchase with the Old Navy credit card by simply applying in-store or online. Note: this discount only applies to Old Navy merchandise.
The difference between Old navy store and Visa card
The Old Navy store card can only be used at Old Navy, Gap, Banana Republic, Athleta stores. Where as, the Old Navy Visa cards works anywhere that Visa is acceptable. Also, the interest rates (charges) and rewards differ.
Old Navy Credit Card APR and applicable fees
Both cards come with no annual fee and a 25.74% APR for purchases (Note: the APR is variable). The rate varies based on the market. Synchrony Bank, the financial institution that issues these cards charges at least $1.50 for the Old Navy Visa card and $1.00 for the Old Navy store card, if you have a balance on your card and you’re charged interest.
The Old Navy Visa card gives cardholders privilege to take cash advances for a variable of 27.24% APR. Old Navy cash advance fees is 4% of the cash advance amount or $10. Other fees worth knowing include a 3% foreign transaction fee. Also, the Old Navy store card and Visa card have late payment penalties of $37 (fee may change).
Both cards come with high interest rate – how to avoid it
Both Old Navy store card and Visa card come with high interest rates. In order for you to avoid paying unnecessary amounts of interest on your purchases, it is advisable that you pay off your balance as quickly as possible. This is how it works, the longer you carry your balance the more interest you’re likely to incur.
Let’s take for example, using your rewards card, you bought $500 worth of clothing and shoes. You start making the minimum monthly payment which is $25 or 3%, and it took you approximately 27 months to pay off the money. If you make your calculation right, in the end you would realize that the transaction is likely to cost you approximately $156 of interest charges.
Hypothetically, in another scenario, you were charged $500 on your Old Navy credit card, and you paid up immediately, you will not incur additional charges. In other words, you won’t need to pay any interest charges.
The point here is that you should try as much as possible to avoid the high interest rate associated with your card. And you can only actualize this by paying off your balances as quickly as possible. This will help you save money.
Old Navy Credit Card Value Rating
Old navy Credit Card gets a green check when it comes to value rating. Considering the breadth of merchandise within the establishment one can purchase, the 5% rewards points could be well spent. Also the 15% off is something worth considering. However, just like JCPenney credit card, Victoria’s Secret credit card and the likes, the APR is unsurprisingly at the high side (25.74%).
Old Navey Credit Card Summary
|Issued by||Synchrony Financial|
|Bonus, Rewards, Benefits||1% (outside Gap) 5% (within Gap)|
|Cash Advance Fee||$10 or 4% or Cash Avance|
|Late Payment Fee||$37|
|Returned Payment Fee||$37|
|Card Security||Chip and Signature|
|Terms of Service||http://www.oldnavy.com/products/old-navy-credit-card.jsp|
|Old Navy official website||www.oldnavy.gap.com|
Old Navy Credit Card Customers Support
You can use the phone number and address in the table below to contact Synchrony Bank in respect of your Old Navy credit cards, for complaints or assistance.
P.O. Box 965030
Orlando, FL 32896-5030
Old Navy Credit Card Login guide
Follow the guideline below to login to your account.
Step 1 – Go to Old Navy Credit card login page (https://securelogin.synchronybank.com/myaccount/loginUserActionGetOnly); you will be taken to a new window
Step 2 – Enter your Username and Password into the two boxes provided.
Step 3 – Finally, click on the Login button and you’ll be taken to the dashboard of your account.
Old Navy Credit Card Bill Payment
There are three ways you can pay your bills with these credit cards.
You can easily make your payment by logging into your credit card account. Follow the step above to login and look for the bill payment section.
Mail your payment to the address below. Ensure to include the payment stub in your mail.
|For Private Label Credit Cards mail to:||Synchrony Bank|
P.O. Box 960061
Orlando, FL 32896-0061
|For Visa credit cards mail to:||Synchrony Bank|
P.O. Box 960013
Orlando, FL 32896-0013
You can also make your payment on the phone by calling this number 1-866-396-8254. This method may cost you a little fee.
I suppose you have seen the good and the bad side of the Old Navy store card and Visa card. Considering the rewards attached to it and the large merchandise within the establishment, the card may be worth giving a try.