Lord & Taylor Credit Card Review (2018)

Lord & Taylor Credit Card Review

Store Credit Card

Ashley Dull
By: Ashley Dull
Posted: September 21, 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.

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 Sep 2018
  • Annual Fee: $0
  • Rewards: Earn a $10 reward for every $200 spent
★★★★ 3.7/5.0

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.

CASH BACK RATING

★★★★★

5.0

OVERALL RATING

5.0/5.0
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.99-25.74%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • 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
  • 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 15 months
0% Intro APR on Balance Transfers 15 months
16.99% - 25.74% Variable
$0
Good/Excellent

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.

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 (fees apply), then a 13.49%-26.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • 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® Credit Card
  • Easy 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
13.49%-26.99% (Variable)
$0
Excellent/Good

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.

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 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
  • Fly any airline, stay at any hotel, anytime; 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
14.74% - 24.74% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

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.

WalletHub.com
A review from WalletHub.com says:

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

★★★★ 4.0/5.0
TrustPilot.com
A review from TrustPilot.com says:

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

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

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

★★★★ 4.0/5.0

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.