The Ultimate Guide to Credit Cards
Tuesday, March 21, 2023

JCPenney Credit Card Review (2023)

JCPenney Credit Card Review ([current_year])

Store Credit Card

Ashley Dull

Written by: Eric Bank

Eric Bank

Eric Bank has been covering business and financial topics since 1985, specializing in taking complex subject matters and explaining them in simple terms for consumer audiences. In addition to his work on CardRates.com, Eric has appeared regularly on Credible.com, eHow, WiseBread, The Nest, Get.com, Zacks, Chron and dozens of other outlets. A former software engineer, Eric holds an M.B.A. from New York University and an M.S. in finance from DePaul University.

See full bio »

Edited by: Ashley Dull

Ashley Dull

With more than a decade of experience as a content manager and marketer, Ashley has specialized in finance coverage since 2015. She has worked closely with the world’s largest banks and financial institutions, up-and-coming fintech companies, and press and news outlets to curate comprehensive content and media campaigns. Her credit card commentary is featured on national media outlets that include CNBC, MarketWatch, Investopedia, and Reader's Digest, among others.

See full bio »

Reviewed by: Adam West

Adam West

Adam corresponds with finance experts to publish industry news coverage related to helping consumers achieve greater financial literacy and improved credit. He has more than 12 years of storytelling, editing, and design experience in print and online journalism and is most knowledgeable in the areas of credit scores, financial products and services, and the banking industry.

See full bio »
Advertiser Disclosure

Founded in 1902, JCPenney is a premium department store with over a century of experience providing consumers with quality clothing, accessories, furniture, and appliances. JCPenney stores are most commonly found anchoring suburban shopping malls, and the retailer currently has over 1,050 locations in 49 states and Puerto Rico.

For those who spend a lot of time (and money) in their local store, the JCPenney Credit Card can be a valuable tool for finding savings. However, those who are prone to making late payments may find their limits cut and/or accounts closed.

JCPenney Card Overall Rating: 2.5/5.0

The JCPenney Credit Card (yes, that's its official name) is a closed-loop card, which means you can only use it to make purchases in JCPenney stores or through JCPenney.com. The card also tends to award lower limits than open-loop (usable anywhere) cards, with reviews citing average limits between $300 and $1,000. Additionally, the JCPenney Credit Card comes with a relatively high interest rate, charging 26.99% APR for purchases.

Cardholders will earn one point per $1 spent on qualifying purchases made with their card, in-store and online. If you shop with another payment method, you can still earn points at a rate of one point per every $2 spent. You can have a maximum of 2,000 points regardless of how much you spend. Members will earn a $10 JCPenney Rewards certificate for every 200 points, giving a value of $0.05 per point.

JCPenney Credit Card

  • APR: 26.99% as of Jul 2019
  • Annual Fee: $0
  • Rewards: Earn 1X point per dollar for JCPenney purchases
★★★ 2.5/5.0

JCPenney Rewards members can expect to receive special deals and discounts, including birthday gifts and special savings events. New cardholders are eligible to save an extra 15% on their purchase when they open and use their new JCPenney card, as well as receiving 5% off major appliances in select locations. Savvy shoppers can pair their card discount with a JCPenney coupon to score bigger discounts.

When you spend $500 or more in one year on merchandise or services, in-store or online, with your JCPenney Credit Card, you will earn JCPenney Gold Status. Those who spend $1,000 or more in one year will earn JCPenney Platinum Status. Gold and Platinum members receive additional benefits, including exclusive coupon books and bonus points.

Approval Requirements & Application

The JCPenney Credit Card is cited as one of the easiest cards to get, and reviewers have reported being approved with credit scores of all types. You can apply online in minutes through the link below, or head into your local JCPenney store to fill out an application.

Better Cards to Use at JCPenney

Although JCPenney Rewards can be a good value for frequent shoppers, the fact that it can only be used for JCPenney purchases definitely limits its utility. For more flexibility, try one of our top-rated rewards cards that can be used nearly anywhere you care to shop.

Cash Back

Credit cards offering cash back rewards are often the most straightforward, offering a percentage of your purchase back as a statement credit to pay down your balance, or as a gift card or check. Choose the cash back card that best fits your spending style to maximize your rewards.

CASH BACK RATING

★★★★★

5.0

OVERALL RATING

  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.49% - 28.24%.
  • No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
19.49% - 28.24% Variable
$0
Good/Excellent

0% APR

Using cards with an introductory 0% APR is the best way to avoid paying interest on your purchases (short of paying off your entire balance). Introductory 0% APR offers allow you to enjoy a year or more interest-free. Even better, you'll still earn rewards on your eligible purchases.

BankAmericard® credit card Review

at Bank Of America'ssecure website

0% INTRO APR RATING

★★★★★

4.9

OVERALL RATING

  • 0% Introductory APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.49% - 25.49% Variable APR will apply. A 3% fee applies to all balance transfers.
  • No annual fee.
  • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 21 billing cycles for purchases
0% Intro APR for 21 billing cycles for any balance transfers made in the first 60 days
15.49% - 25.49% Variable APR on purchases and balance transfers
$0
Excellent/Good

Additional Disclosure: Bank of America is a CardRates advertiser.

Travel Rewards

Travel rewards credit cards are a great way to take the bite out of your vacation bill, allowing you to earn points or miles on qualifying card purchases. Rewards can typically be redeemed for a range of travel-related purchases, including airfare and hotel stays.

Discover it® Miles Review

at Discover Card'ssecure website

AIR MILES RATING

★★★★★

4.9

OVERALL RATING

  • UNLIMITED BONUS: Only Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.
  • Automatically earn unlimited 1.5x Miles on every dollar of every purchase - with no annual fee.
  • Redeem Miles to pay any part of your monthly bill, including your minimum payment.
  • Turn Miles into cash in any amount, any time. Or redeem as a statement credit for travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more with no blackout dates. However you redeem, Miles keep the same value. And Miles never expire.
  • 0% intro APR for 15 months on purchases. Then 16.49% to 27.49% Standard Variable Purchase APR will apply.
  • Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 months
0% Intro APR for 15 months
16.49% - 27.49% Variable APR
$0
Excellent/Good

If you shop in JCPenney enough to earn elite status, the JCPenney Credit Card can be a great choice. For everyone else, we suggest selecting a more all-purpose card that can be used to make purchases — and earn rewards — in a greater variety of locations.

What Others Say About the JCPenney Credit Card

As with any financial product, you should always do your due diligence when looking to obtain a new credit card — and that includes the JCPenney Credit Card. Here is what some cardholders are saying about their JCPenney Credit Card.

WalletHub.com
A review from WalletHub.com says:

Like many of these cards that are store based, they don't really offer anything good unless you job at that store enough to justify getting this card. The point system is alright if you spend enough at JCPenney, otherwise, get another card for general use. The points expire at the end of the month, which is average and makes it so that the card is really only that useful if the shopper spends a lot of money here. I personally wouldn't recommend this card unless you're a frequent shopper at JCPenney. — WalletHub.com

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

JCPenney granted me a $1900 credit line, and I am thrilled they are taking a chance on me. My credit score is 537, had a car repossession last year and a few charged off credit cards. JCPenney is giving me a 2nd chance to build my credit by granting this line. My income is double than it was a year ago and I am ready to prove I can honor my obligations. — CreditKarma.com

★★★★★ 5.0/5.0
CreditCards.com
A review from CreditCards.com says:

With paltry rewards and a high APR, the JCPenney card is a poor choice for most cardholders, save for dedicated fans of the store who may appreciate the card’s special savings opportunities. — CreditCards.com

★★ 1.5/5.0

Is the JCPenney Card Right for You?

All in all, the JCPenney Credit Card is best for those who regularly shop at JCPenney, particularly those who spend $500 or more a year and can take advantage of the additional perks of the Gold and Platinum programs. While the card's high interest rate and low tolerance for late payments means cardholders should always pay their full balance on time each month to avoid fees or reduced credit limits.

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.