Boscov’s Credit Card Review (2018)

Boscov's Credit Card Review

Store Credit Card

Brittney Mayer
By: Brittney Mayer
Posted: April 20, 2018
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

Like Macy's and Belk, Boscov's is a member of the centenarian club, the chain of family-owned department stores having been originally founded by Solomon "Sol" Boscov in 1911. Under the watch of Sol's son, Albert, Boscov's grew, today consisting of 47 locations across the eastern US, with stores in Connecticut, Delaware, Maryland, New Jersey, New York, Ohio, and Pennsylvania.

Selling everything from apparel and shoes to kitchen goods and bedding, Boscov's has a lot to offer its shoppers. Those who frequently take advantage of those offerings can make the most of them with the Boscov's Credit Card, but that's where the card's usefulness ends. As a closed-loop store card with a high APR and rewards that barely compete with most rewards cards, the Boscov's Credit Card is a hard sell for most consumers.

Boscov's Card Overall Rating: 2.5/5.0

The Boscov's Credit Card is a store card good only at Boscov's locations or for making purchases on Boscovs.com. Which is probably a good thing, considering the card's high 27.24% APR that makes carrying a balance from month to month an expensive idea. At the same time, if you're trying to maximize your rewards, you'll need to put a fairly significant amount of spending on your Boscov's Credit Card, as the rate at which you earn rewards will depend on your annual spending — and you may not earn any rewards if you don't spend enough.

Specifically, you'll need to spend at least $300 at Boscov's to start earning rewards certificates. Once you reach the minimum spending requirement, your Basic status will be upgraded to status as a member of Mr. B's Ambassadors Club and start earning 1% back in Boscov's rewards for purchases up to $1,499. To reach the next level, Mr. B's Star Club, you'll need to spend at least $1,500 each year, and you'll earn 2% back in rewards on purchases up to $2,999. Once you spend $3,000 or more in a year, you'll earn 4% rewards as a member of Mr. B's Premier Club.

Boscov's Credit Card

  • APR: 27.24% as of Apr 2018
  • Annual Fee: $0
  • Rewards: Earn up to 4% cash back on Boscov's purchases
★★★ 2.5/5.0

Boscov's rewards are redeemed via rewards certificates that can be used in Boscov's stores. New cardholders who apply online and are approved for a Boscov's Credit Card can receive 15% off an eligible online order. While you can pair a Boscov's rewards certificate with a Boscov's coupon for extra savings, be sure to do it quickly; Boscov's certificates expire 30 days after they're issued.

Other perks of being a Boscov's cardholder include a special birthday offer and special offers in your monthly statements. You'll also be invited to exclusive cardholder appreciation events. Plus, earn double points on all cosmetic and fragrance purchases and earn 100 rewards points on a single purchase during each Boscov's Credit Card anniversary month.

Approval Requirements & Application

The majority of Boscov's Credit Card applicants will need at least fair credit for approval. While you can apply for a Boscov's credit card in your local store, the 15% discount offer is only available for online applicants. Use the link below to apply online.

Better Cards to Use at Boscov's

For big Boscov's spenders, the Boscov's Credit Card can offer decent rewards, but other consumers are more likely to only notice its limitations — like the fact that the Boscov's rewards certificates are much like the Boscov's Credit Card itself: only usable for Boscov's purchases.

Furthermore, the requirement to reach at least $300 in spending before you can start earning may exclude a number of customers, and the low 1% and 2% rewards rates for the lower earnings tiers are easily matched — if not beaten — by the majority of open-loop rewards credit cards. And those rewards will be usable for purchases anywhere your card is accepted.

Cash Back

With options for cash back rewards cards available to cardholders of every credit type (even some secured and subprime cards offers cash back rewards), nearly anyone can earn at least 1% cash back rewards on their purchases, making almost any cash back rewards card comparable to — if not better than — the Boscov's Credit Card's lower-tier rewards.

Even better, those with good credit can find a number of cards with unlimited 2% cash back on all purchases, as well as cards that provide even higher bonus cash back rates for department store purchases, giving you tons of options for better earnings (and better utility) than the Boscov's Credit Card.

CASH BACK RATING

★★★★★

5.0

OVERALL RATING

5.0/5.0
  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49-25.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases for 15 months
0% Intro APR on Balance Transfers for 15 months
16.49% - 25.24% Variable
$0
Excellent/Good

0% APR

As lackluster as the Boscov's Credit Card's rewards can be, the card's APR is even less impressive, competitive only among other store credit cards and some subprime cards. Not only will the typical open-loop credit card provide a lower APR for most qualified applicants, but cards with introductory 0% APR offers can be used to make purchases with no interest for 12 months or more.

Wells Fargo Platinum Visa® Card Review

at Wells Fargo'ssecure website

0% INTRO APR RATING

★★★★★

5.0

OVERALL RATING

4.6/5.0
  • 0% Intro APR for 18 months on purchases and balance transfers, then a 16.65%-26.49% variable APR; balance transfer fees apply
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa® Card
  • Free access to your FICO® Credit Score with Wells Fargo Online®
  • Zero Liability protection for promptly reported unauthorized transactions
  • Convenient tools to help create a budget and manage your spending with My Money Map
  • $0 Annual Fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 18 months
0% for 18 months
16.65%-26.49% (Variable)
$0
Excellent/Good

Travel Rewards

For those who like to travel and want to maximize their credit card rewards, travel rewards can offer a lot of value, providing a simple way to earn free airline travel and hotel stays. And since the most basic travel rewards credit card will typically offer at least one point/mile per $1 — and frequently more — they can easily compete with the lower tiers of rewards for the Boscov's Credit Card.

AIR MILES RATING

★★★★★

5.0

OVERALL RATING

4.9/5.0
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • New! Earn 10 miles per dollar on hotels when you pay with your Venture card at hotels.com/venture; learn more at hotels.com/venture
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
14.49% - 24.49% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

What Others Say About the Boscov's Credit Card

The general consensus of the Boscov's Credit Card is middling to poor, with many negative reviews centering on the card's issuing bank, rather than Boscov's itself. A number of cardholders have had trouble making payments, particularly by mail, and others are unhappy about spontaneous credit limit decreases.

WalletHub.com
A review from WalletHub.com says:

You have to spend a ton each year to get halfway decent rewards, otherwise you can beat the rewards with just about any cash back card. The APR is ridiculously high. If you shop at Boscov's a lot and always pay your bill, it could be a good card. Otherwise, don't bother. — WalletHub.com

★★★ 3.0/5.0
CreditKarma.com
A review from CreditKarma.com says:

The stores are great and their customer service is super but do not mail a check for payment. They are either intentionally late posting or are incredibly inefficient. A check mailed on the 8th of the month was not posted until the 22nd and not deposited until the 26th. — CreditKarma.com

1.0/5.0
ConsumerAffairs.com
A review from ConsumerAffairs.com says:

I have one (1) so-called late payment from Boscov's/Comenity which I called and told them I had not received a bill. I have paid on time forever but this is lingering and lingering and bringing my credit score down. I have tried to get it corrected to no avail. I do not have the bill as it was so long ago and by the time you realize you had a late payment on your credit report, it is too late. I am unable to retrieve it, but I did call Boscov's and ask them to please remove it. It is still there after a long period of time. It is really bringing down my credit score. Boscov's credit card holders BEWARE. — ConsumerAffairs.com

1.0/5.0

Is the Boscov's Card Right for You?

Having served shoppers in the eastern US for over 100 years, Boscov's obviously knows how to keep its customers coming back — but the Boscov's Credit Card may not garner much loyalty. Lackluster rewards for all but the biggest spenders make the card anything but competitive for most consumers, and its high APR means you may regret spending so much on the card anyway if you can't pay it off in full each billing cycle.

The long and short of it is that the Boscov's Credit Card is that it's worth getting if you spend $3,000 or more annually in Boscov's stores. For everyone else, stick to an open-loop rewards credit card that will help you earn rewards at least as good — and in significantly more places.