TJ Maxx Credit Card Benefits, Rewards and Disadvantages

TJ Maxx, a department store giant is currently offering its own branded credit cards. In case you don’t already know, T.J Maxx, HomeGoods, Marshalls and Sierra Trading Posts are all under the umbrella of TJX Companies. The establishment offers two credit card plans issued by Synchrony Financial. The two cards are: TJX Rewards Credit Cards and TJX Rewards Platinum Mastercard. Customers are entitled to one of these cards at the discretion of Synchrony Financial. See TJ Maxx credit card login guide here.

How TJ Maxx Credit Card Works

The major difference between both cards is that the TJX Rewards Platinum MasterCard has more benefits than the TJX Rewards Credit Card (although, the beneficial difference is not that huge if compared). Both cards do not have annual fee. They can be used at all TJX department stores.

The TJX Platinum card features enhanced chip card technology, while the regular TJX Rewards Credit Card does not. Another significant difference between both cards is that the TJX Platinum MasterCard could be used at other places where MasterCard is accepted, whereas, the regular TJX credit card is limited to its store.

The Benefits And Rewards

As I earlier mentioned, the TJX Rewards Platinum MasterCard gets more rewards and benefits than the regular TJX credit card. The two cards offer a 10% discount on the first purchased made online via the site the cardholder applied for the credit card. What this means is that you’ll be entitled to a 10% discount if you apply for your credit card at T.J Maxx. NOTE: the 10% discount can only be used at once your card is approved.

The two cards offer 5 points for every 1$ spent at T.J Maxx, HomeGoods, Sierra, Marshalls trading posts, and Concerning rewards points, there is an additional information attached to the TJX Platinum MasterCard. The Platinum cardholders earn one point for every dollar spent at other places (outside of TJ Maxx establishments) where MasterCard is accepted.

Cardholders of both cards earn a $10 reward certificate for every 1,000 points they earn. The cool thing here is that there is no limitation attached to the amount of points that could be earned. Finally, the two cards have additional benefits of exclusive surprise saving and sales.

Who Gets The Best Out Of TJ Maxx Credit Card?

TJX Companies offer both cards, the TJX Rewards Credit Card and the TJX Rewards Platinum MasterCard to frequent shoppers at its retail stores. The establishment’s business model is to offer quality products at discount rates. The discounts are specific to the store the card comes from. Hence frequent shoppers are likely to benefit more from the T.J. Maxx credit card. So if you’re a frequent shopper at TJ Maxx, then this card could be a good choice for you.

The Minimum Credit Card Score Required

Synchrony Bank, the financial institution in charge of issuing TJ Maxx credit card is known to approve applicants who have fair and excellent credit scores. For example, applicants whose credit card scores range from 620 to 720 (or higher) are much likely to get easy and quick approval. Although, the bank accepts lower credit score for the regular credit card, which only gives cardholders limited access. Just like I earlier mentioned, cardholders of the regular card can only use them within its stores.

APR And Applicable Fees

Synchrony Financial, the bank in charge of issuing the credit card doesn’t charge an annual fee for this credit card. The variable purchase APR of 27.24% is based on the Prime, and it varies in accordance to the market conditions (or changes). The card has a minimum interest fee of $2.00, and late payment fees rising up to $35.

Cardholders of the Platinum MasterCard have the privilege to get a cash advance. Synchrony Financial charges a 23.74% to 29.99% variable APR on cash advances. Also worth knowing, Synchrony Bank charges a cash advance transaction fee of at least $10 (4% of the advance amount).

Should I Get a TJ Maxx Credit Card?

It is one of the best store credit cards out there. You may have earlier noticed, there is no annual fee attached to this card. You’ll also be exposed to various kind of rewards and benefits. Note: your rewards can only be used within any of its affiliated stores.

TJ Maxx Rewards credit cards is the right card for you if:

  • You’re a frequent shopper at the stores
  • you will be able to pay off your balance every month, in order to avoid high interest rate charges
  • You find shopping with at least one of the stores convenient

Also, if you’re the kind of person that likes flexibility, the TJ Maxx Rewards Platinum credit card would be a good choice for you. As I have already emphasized above, you can use the card within and outside of its stores and still get considerable amount of rewards and benefits.

How To Avoid High Interest Rates

Just like most store credit cards out there, it comes with a high interest rate. In order to prevent this from happening, you must use your card wisely; you must pay off your balances as quickly as possible.

Let’s say, hypothetically, you were charged $500 on your credit card. And you only made the minimum monthly payments. This mean it took you 27 months to pay off the balances on your card, and for that, your card incurred an interest charges of $174.

In another scenario, you were charge exactly the same amount on your credit card, but this time you didn’t delay in paying off the balance. You made a monthly payment of $100. This means it took you approximately 6 months to pay off your debt. And this time, your card only incurred $37 interest charges (which is much less compared to the previous scenario).

As you may have already noticed above, in order for you to avoid high interest charges on your TJ Maxx credit card, you must pay off your balance as quickly as possible. This will save you a lot of stress and money. Endeavour to pay your bill in full whenever possible.


  1. James Uga
    March 30, 2018

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