The Ultimate Guide to Credit Cards
Saturday, January 28, 2023

Loft Credit Card Review (2023)

Loft Credit Card Review ([current_year])

Store Credit Card

Brittney Mayer

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, Eric has appeared regularly on, eHow, WiseBread, The Nest,, 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.

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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.

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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.

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Advertiser Disclosure

The store known as Loft was established in 1996 as Ann Taylor Loft, an extension of the popular Ann Taylor women's apparel brand. Though still focused on put-together looks for home and work, Loft traditionally offers more relaxed, casual options than its more formal progenitor. Many of the more than 500 Loft stores are found in suburban shopping malls across the country, though some stores can be found in standalone or strip-mall locations.

Given that a typical Loft top can cost between $30 and $50, and the average dress comes in over $70, many loyal Loft shoppers are likely looking for ways to save on their casual business wear. The Love Loft Credit Card offers cardholders the ability to earn rewards points on every Loft purchase but, like most store cards, is a bad way to make purchases unless you can pay them off right away.

Loft Card Overall Rating: 3.5/5.0

Although the high price of Loft clothing can make it tempting to pay off your purchases over time, the Love Loft Credit Card is a poor choice for carrying a balance thanks to a high interest rate. At 26.24%, the card's APR can quickly outpace any rewards you may earn on your purchases.

That high rate makes it almost a good thing that the Love Loft Credit Card's closed-loop nature means it can only be used to make purchases with Ann Inc. brand stores and websites, which means it's limited to Loft, Loft Outlet, Lou & Grey, Ann Taylor, and the Ann Taylor Factory Store (plus their associated websites).

Loft Credit Card

  • APR: 26.24% as of Jul 2019
  • Annual Fee: $0
  • Rewards: Earn 5X points per dollar spent
★★★★ 3.5/5.0

On the plus side, the Love Loft Credit Card does offer a fairly decent rewards rate. Cardholders can earn 5X points per dollar spent on Ann Inc. purchases, and since 2,000 points are redeemable for a $20 rewards card, it comes out to a 5% return. Of course, like the card, those rewards are only usable on Ann Inc. purchases, though they usually can be combined with Loft coupons for extra savings.

While the Love Loft Credit Card's rewards are fairly competitive, it's the discounts that can pack the most punch for many shoppers. Not only do new cardholders receive 15% off their first purchase when they open and use their card for the first time, but all cardholders will receive 15% off Ann Inc. purchases on the first Tuesday of every month. Cardholders will also get an extra discount once a year, earning a coupon for $15 off a purchase each birthday month.

Approval Requirements & Application

If you're looking for a card that will help you buy work clothes despite bad credit, then this card is probably not the right choice. You'll generally need at least a fair credit score or better to qualify for a Love Loft Credit Card.

You can apply for a Love Loft Credit Card in your local Loft store, or you can head online via the link below to fill out an application.

Better Cards to Use at Loft

With a decent rewards rate, the Love Loft Credit Card's benefits are definitely competitive — but that's where the card's usefulness comes to an end. Its high APR makes it bad for carrying a balance, and the limited number of stores where it can be used makes it somewhat of a one-trick pony.

Overall, an all-purpose rewards credit card is a better option if you're looking for a new credit card that can help you save on clothing purchases and everything else you buy. And most prime credit cards will offer lower rates for those prone to carrying a balance.

Cash Back

Although few cash back credit cards will provide a better rewards rate on Loft purchases than the Love Loft Credit Card, an open-loop rewards card will let you earn — and redeem — rewards for more than just filling your closet. Choose a card with bonus rewards categories that match your spending habits to get the most out of your rewards card.





  • 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 19.24% - 27.99%.
  • 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
19.24% - 27.99% Variable

0% APR

Unless you're solely shopping discount racks, it can get pricey to revamp your work wardrobe, particularly if you're a fan of Loft and its family of pricey brands. Unfortunately, putting a big clothing haul on your Love Loft Credit Card can mean heaps of interest fees if you can't pay it off right away.

If you have a big buy coming up that you may need a few months to repay, a credit card with an introductory 0% APR offer is often your best bet for avoiding high interest fees.

BankAmericard® credit card Review

at Bank Of America'ssecure website





  • New longer intro period! 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, 16.24% - 26.24% Variable APR will apply. A 3% fee (min $10) 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
16.24% - 26.24% Variable APR on purchases and balance transfers

Additional Disclosure: Bank of America is a CardRates advertiser.

Travel Rewards

While you may be shopping Loft for a casual work wardrobe, each blouse and pair of slacks can help you earn your way to a well-earned vacation with the right travel rewards credit card. The points and miles you earn can be used to pay for flights, hotel stays, and other travel-related expenses that can get you out of the office and onto the sand (or slopes, as the case may be).

Discover it® Miles Review

at Discover Card'ssecure website





  • 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 16.24% to 27.24% Standard Variable Purchase APR will apply.
  • Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 months
0% Intro APR for 15 months
16.24% - 27.24% Variable APR

The Love Loft Credit Card may be a good addition to the wallet of regular Loft shoppers who can pay off their purchases before accruing interest. For everyone else, the card's limitations mean it will likely just take up room in your wallet that can be better used for an all-around rewards card or low-APR option.

What Others Say About the Loft Credit Card

The rewards, discounts, and sales offered to cardholders are a big hit with many Love Loft Credit Card reviewers, but many others report having issues with the card's customer service, particularly when trying to cancel a card.
A review from says:

While the Loft credit card appears like a fantastic option to first, I would caution people against enrolling in the program. While there are a lot of options to earn rewards (5 points for each $1), and it is accepted at nearly every Loft retail venue, the ~25% interest rate is pretty concerning. If you shop at Loft fairly exclusively and are EXTREMELY diligent about paying off the balance each month, that might justify the risk-reward ratio. Otherwise, I would probably advise against it. —

★★ 2.0/5.0
A review from says:

A fantastic store for women of all shapes and sizes. The online site has additional styles and sizes available. I love the loft credit card (also can be used at Ann Taylor) which has great rewards. From dresses to shoes to scarves to dress pants — you really cannot go wrong with the Loft! I've been a brand loyal for 5+ years!!!!! —

★★★★★ 5.0/5.0
A review from says:

After applying for the Loft Credit Card, I made a purchase around $18 in September. I did receive the credit card in the mail, but I never received any credit card statement and totally forgot about this until I got a collection call in December asking for immediate payment around $63. I could not even remember what the $63 charge was for until I created a Loft login online and checked the statement. It turned out the additional $45 were two late payment fees and finance charges. They told me I could make a minimum payment, but I told them, first of all, I never received the credit card statements, secondly, I will make the full payment, but it was really not my fault, why should I pay the late fee? So they agreed to take off one late fee charge and I ended paying with around $40. —


Is the Loft Card Right for You?

Since the Love Loft Credit Card can be used to make purchases with any Ann Inc. brand, it's a little more useful than your typical store credit card — but not by much. In the end, while Loft loyalists who can make the most of the card's rewards and discounts may find it a worthwhile addition to their credit card collection, it's likely that few sporadic Loft shoppers will find the card worth picking up.

Advertiser Disclosure 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 (including, for example, the order in which they appear). 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.