With over 90 years in operation, Lord & Taylor has become acclaimed for carrying designer labels and moderately-priced brands that deliver the latest trends. Founded in New York City, the upscale department store first opened in 1865 and has since become a leading retailer in North America with over 40 locations and a full-fledged online storefront.
Consumers who love Lord & Taylor’s rich selection of stylish fashions may find the Lord & Taylor Credit Card useful for saving more on their frequent sprees. The credit card can make a difference at checkout if you’re a regular customer thanks to its rewards program that dishes out 5% cash back on purchases, plus cardholder access to special perks through a membership upgrade when you spend $1,000 in a calendar year.
Lord & Taylor Card Overall Rating: 3.7/5.0
Right off the bat, the Lord & Taylor Credit Card isn’t the worst you’ll see out there for a store card. The 27.24% APR and $0 annual fee make it slightly better than most offers in the retail industry, though it’s less than ideal if you aren’t someone who pays off their balance at the end of each month. Where the card really hits the mark, though, is with its set of cardholder discounts that significantly boost your buying power at the store.
The card gives a sweet 15% off on all purchases made on the first day of opening an account — no minimum value or quantity required. And, if you can’t manage to hit the store right away, you can rest easy that your wallet won’t miss out since all users receive a $10 reward for every $200 you spend at Lord & Taylor. Just remember, though, that you can’t wait too long to redeem the rewards you earn since they expire six months after being issued to an account.
Lord & Taylor Credit Card
- APR: 27.24% as of Jun 2023
- Annual Fee: $0
- Rewards: Earn a $10 reward for every $200 spent
Other benefits of the card include access to exclusive store events and a birthday shopping offer. To add to its appeal, cardmembers enjoy benefits that make shopping at Lord & Taylor an easier experience overall. Prime examples of this are receipt-free returns and promotional financing options on qualifying merchandise at the store.
In addition to an automatic rewards program membership, cardholders who spend $1,000 or more within a 12-month period can get upgraded to the Premier Rewards member tier, which serves up privileges like access to free shipping promotions and couponless shopping deals.
But considering the expensive interest rates you can rack up with the card, no amount limited-time rewards and convenient shopping perks can offset the price you may find yourself paying due to its APR.
Approval Requirements & Application
Some reviews mention being approved with bad credit, so the card's requirements may be flexible. That said, the average reviewer had a score closer to 640, so, if your score falls under that number, it might be wise to avoid the risk of further hurting your credit with a futile hard inquiry. You can visit any Lord & Taylor location to submit an application, or simply tap the link below to apply online.
Better Cards to Use at Lord & Taylor
The Lord & Taylor Credit Card works best for those who regularly shop the department store at its physical locations and online. But, for consumers who aren’t loyal patrons of the department store, the closed-loop nature and limited rewards earnings make it a tough sell.
Though rewards are what makes the Lord & Taylor Credit Card worth considering, there are still plenty of other cards that earn points that can be redeemed for cash back or even travel-related expenses. Look into one of the cards below that provide rewards that may save you just as much or far more at Lord & Taylor stores and anywhere else you make a purchase.
Cash Back
When it comes rewards, cash back credit cards are a favorite with financially-savvy spenders. Unlike the Lord & Taylor Credit Card, which restricts cardholders to only redeeming their points at its locations and online storefront, cash back credit cards, like the recommend one below, are simple since they earn rewards that can be redeemed as a statement credit and used toward purchases from any retailer.
Whether you’re shopping for daily essentials or chic wardrobe staples, you stand to earn an impressive amount every time you buy as a cardmember.
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
- If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
- No annual fee and no expiration on rewards.
- 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 17.99% - 27.99% Variable APR will apply. A 3% fee applies to all balance transfers.
- 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.
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Intro (Purchases)
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Intro (Transfers)
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Regular APR
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Annual Fee
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Credit Needed
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|---|---|---|---|---|
0% Intro APR for 18 billing cycles for purchases
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0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days
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17.99% - 27.99% Variable APR on purchases and balance transfers
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$0
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Excellent/Good
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Additional Disclosure: Bank of America is a CardRates advertiser.
0% APR
One of the most important factors to consider with any credit card is the APR since high interest rates can outweigh the perks on even the most generous rewards. But, with a 0% APR card, you won't need to be concerned about paying off your purchases right away. The best intro-APR cards offer at least 12 months of interest-free purchases.
- 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, 15.99% - 25.99% 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.
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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
|
15.99% - 25.99% Variable APR on purchases and balance transfers
|
$0
|
Excellent/Good
|
Additional Disclosure: Bank of America is a CardRates advertiser.
Travel Rewards
While you can buy stylish outfits to wear on your upcoming vacation with your Lord & Taylor Credit Card, it's not going to get you any closer to your trip. With a travel credit card, you can rack up rewards points on daily purchases that can be redeemed for airfare, hotels, excursions, and more, bringing that dream trip closer to reality.
- 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 16.99% - 27.99% 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.
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Intro (Purchases)
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Intro (Transfers)
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Regular APR
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Annual Fee
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Credit Needed
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|---|---|---|---|---|
0% Intro APR for 15 months
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0% Intro APR for 15 months
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16.99% - 27.99% Variable APR
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$0
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Excellent/Good
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If you’re a fashion addict who is always looking for a deal on the latest looks at Lord & Taylor, the store credit card may serve you well. However, there are many other credit card options on the market that also deliver rich rewards without the high interest rates. That's why you may find yourself benefiting more with the flexibility of an open-loop credit card that can be used anywhere and still earn you savings.
What Others Say About the Lord & Taylor Credit Card
As with any financial decision you make, opening a Lord & Taylor Credit Card should not be taken lightly. Research whether the card is right for you with the insights detailed above and by considering the experiences of cardmembers in the reviews below.
The Lord and Taylor Credit Card is good because it has a 15% discount offer when used in-store and online the first day you activate your account, which can add to some real savings. Although the APR is a little high on this card, it is definitely convenient and I would recommend this card to anyone. — WalletHub.com
”
I am very unsatisfied with their customer service. I placed an order and they have canceled several pieces, although I can see that they still have them online but at a different price. I called to ask why and the representative could not be more inattentive even though we are loyal customers. I am sorry that we opened a credit card with them. — TrustPilot.com
”
I applied online for the card not thinking that I would get approved, few moments later I was asked to call a number to finish my application. My CK score is 572 and I was approved for $750! I was so happy since this is one of my first cards after a few years of bad credit. — CreditKarma.com
”Is the Lord & Taylor Card Right for You?
Because the retailer carries a wide range of premium and designer labels, Lord & Taylor is often associated with high costs. Fortunately, with the Lord & Taylor Credit Card, you can save every time you make a purchase at the department store through its cash back rewards offers and enjoy an enhanced shopping experience with the special insider perks it provides to users.
However, compared to several other credit cards on the market that also earn rewards, the store card doesn’t compete well with its steep APR and its restriction to store-only purchases, and because it doesn’t give cardholders generous rewards. Unless you’re always tossing items into your cart at Lord & Taylor, you’ll do much better with an open-loop credit card that unearths money-saving rewards on purchases wherever you shop.
Final Word on the Lord & Taylor Credit Card
We rated the Lord & Taylor Credit Card a 3.7/5.0, with it’s 27.24% APR on purchases being a major factor in that rating. We generally recommend using credit cards with a lower APR and better set of rewards, whether you’re shopping at Lord & Taylor Credit Card or elsewhere.
For better options than the Lord & Taylor Credit Card, see our top picks for 2023:
If you decide the Lord & Taylor Credit Card or another card is right for you, be sure to know all the terms and details before applying. Happy shopping!
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Editorial Note: Our site content is not provided or commissioned by any credit card issuer(s). Opinions expressed on CardRates.com are the author's alone, not those of any credit card issuer, and have not been reviewed, approved, or otherwise endorsed by credit card issuers. Every reasonable effort has been made to maintain accurate information; however, all credit card offer details, including information about rewards, signup bonuses, introductory offers, and other terms and conditions, is presented without warranty. Clicking on any offer on CardRates.com will direct you to the issuer's website, where you can review the current terms and conditions of the offer.
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