Originally founded in 1918 by blouse manufacturers, Samuel Lerner and Harold Lane, New York & Company has only operated as such since 1995. These days, the store is likely most known for its wear-to-work women's clothing and accessories, though the retailer also offers a selection of lounge and activewear. New York & Company has over 500 stores and is a common sight in shopping malls across the country.
With the average suit separate coming in at $50, putting together a business wardrobe from the New York & Company racks can get pricey, so a number of brand patrons have used the RUNWAYREWARDS Credit Card to earn savings and rewards on NY&C purchases. But while many customers enjoy the rewards, the card's high APR takes some of the luster from the RUNWAYREWARDS Credit Card.
New York & Company Card Overall Rating: 3.5/5.0
Sporting a hefty 27.24% APR, the RUNWAYREWARDS Credit Card is not a product for people who carry a balance. Instead, the card's purchase rewards are the real draw for most shoppers, offering a $10 Reward for every $200 spent on the RUNWAYREWARDS Credit Card. While this amounts to a fairly good 5% rewards rate, the real savings comes from reaching Premier status.
While carrying a balance on the card is a bad idea, those who can (responsibly) hit the $400 annual requirement to earn Premier status will receive double the Reward, earning $20 for every $200 spent — an admittedly remarkable 10% return. As a bonus, your NY&C Reward can be used in conjunction with store coupons for extra savings.
New York & Company Credit Card
- APR: 27.24% as of Jun 2023
- Annual Fee: $0
- Rewards: Earn a $10 Reward for spending $200
The bulk of the RUNWAYREWARDS Credit Card's appeal is its purchase rewards, but it does come with a few other perks, including a special birthday offer each year. On the downside, each perk seems to come with some fine print. For example, to earn a birthday reward, you need to have made a purchase within the last 12 months (and you won't earn it the first year if you open the account during your birthday month).
Similarly, the "free shipping" unlocked by the card isn't a consistent perk. Instead, you can get free shipping to the store and free online shipping on select days only. You will also get access to special cardholder events and exclusive offers, plus Premier members will receive the NY&C Monthly Style Guide.
Approval Requirements & Application
Like other store cards, the RUNWAYREWARDS Credit Card is easier to get than your typical open-loop card, but you'll still want at least fair credit for decent approval chances. You can apply for the card in your local store or online through the link below.
Better Cards to Use at New York & Company
If most of your business wardrobe has "NY&C" on the label, then you may get decent use out of the RUNWAYREWARDS Credit Card, as its rewards rate is certainly hard to beat. However, both the card and its rewards can only be used at New York & Company, making them useful only for branded purchases.
All in all, if you don't spend enough with the company each year to earn Premier status — or can't pay those purchases off right away to avoid the high APR — then this card will be of limited use (and limited savings).
Cash Back
Cash back credit cards are a reliable way to save on every purchase, giving you simple rewards that can be redeemed for a statement credit. While you won't get the same rewards rate with an open-loop cash back card as with the RUNWAYREWARDS Credit Card, you can earn and use your cash back rewards anywhere your card is accepted.
- $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
Competitive only when compared to other store cards, the 27.24% APR charged by the RUNWAYREWARDS Credit Card can make any purchase more expensive when its allowed to accrue interest. An all-purpose credit card with an introductory 0% APR not only reduces the interest rate to nothing for the length of the offer, but these cards can be used anywhere (including NY&C).
- 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.
|
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 New York & Company may be known for its work wear, it doesn't have to be all business with a good travel rewards credit card. You can earn points or miles on every blouse and pair of slacks, getting yourself that much closer to the vacation of your dreams — no work wear required.
- 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)
|
Regular APR
|
Annual Fee
|
Credit Needed
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|---|---|---|---|---|
0% Intro APR for 15 months
|
0% Intro APR for 15 months
|
16.99% - 27.99% Variable APR
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$0
|
Excellent/Good
|
With so many credit cards on the market that offer awesome rewards and low APRs, the only real reason to get a RUNWAYREWARDS Credit Card is if you spend the $400 a year needed to get the maximum rewards. Otherwise, it will be relatively easy for most consumers to find a better card that meets more of their financial needs.
What Others Say About the New York & Company Credit Card
While many reviewers enjoyed the savings from using their NY&C Rewards Credit Card, others felt the rewards weren't very special, and a few reviewers had trouble redeeming those rewards in the store. The other major gripe of most reviewers — with good reason — is the high APR, which can lead to high interest fees for those who carry a balance thanks to the high price of the store's products.
This credit card is just OK. It doesn't really provide a lot of perks as other store credit cards offer, and there are rarely any promotions. It is a very basic card, and the free shipping is really the most convenient feature of the card. The interest rate is also fairly high compared to other cards. It is a card that you will want to pay off monthly. Overall, it is just OK. — WalletHub.com
”
I got talked into signing up for this card one day in the store. The person helping me told me about the great discount I was going to get if I signed up for the card. While I did save a lot of money on my purchase that day, I ended up losing money in the long run on interest. This card has a really high interest rate. It does have a lot of great perks. You get special deals and discounts in store if you are a cardholder. However, none of that is worth it if you do not pay the card off completely each month. The interest rate on this card is so high that you end up paying almost double for your clothes. It definitely is not worth it unless you can have extreme self control with it. I would not recommend opening one of these cards unless you really want the rewards. I did not think it was a great credit card and ended up closing mine. — Viewpoints.com
”
I love this clothing store; I have no complaints. However, the credit card is a joke with regards to the rewards program. NY & C always has some promo or huge sale and the rewards are NEVER valid! I recently received a $40 off coupon, with no restrictions. Well, guess what, I was not able to use it!!! When you call customer service, they basically can do nothing nor can a supervisor. I got the CC mainly for the "rewards," I will not ever use this cc again, it will eventually cancel itself out! — ConsumerAffairs.com
”Is the New York & Company Card Right for You?
The modern business world may not be as suit-centric as it used to be, but a smart business wardrobe is still a requirement for many professions. If your work wardrobe comes from New York & Company, you may spend enough each calendar year to reach Premier status, making the RUNWAYREWARDS Credit Card a competitive addition to your wallet.
For everyone else, the limited use of the card and its rewards, plus the high interest rate charged on carried balances, make the RUNWAYREWARDS Credit Card poor competition against an open-loop credit card with more usability and a more reasonable APR.
Final Word on the RUNWAYREWARDS Credit Card
We rated the RUNWAYREWARDS Credit Card a 3.5/5.0, 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 RUNWAYREWARDS Credit Card or elsewhere.
For better options than the RUNWAYREWARDS Credit Card, see our top picks for 2023:
If you decide the RUNWAYREWARDS 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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