The Ultimate Guide to Credit Cards
Monday, May 20, 2024

Old Navy Credit Card Review (Feb. 2024)

Old Navy Credit Card Review
Brittney Mayer

Written by: Brittney Mayer

Brittney Mayer
Brittney Mayer

Brittney is a Credit Strategist and Finance Expert who has spent years honing her knowledge of the credit industry both personally and professionally. Brittney applies her more than a decade of research experience to crafting in-depth consumer guides designed to help CardRates readers make better, more informed financial decisions.

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Edited by: Lillian Guevara-Castro

Lillian Guevara-Castro
Lillian Guevara-Castro

Lillian Guevara-Castro brings more than 30 years of editing and journalism experience to the CardRates team. She has written and edited for major news organizations, including The Atlanta Journal-Constitution and the New York Times, and she previously served as an adjunct journalism instructor at the University of Florida. Today, Lillian edits all CardRates content for clarity, accuracy, and reader engagement.

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Reviewed by: Ashley Fricker

Ashley Fricker
Ashley Fricker

Ashley Fricker has more than a decade of experience as a finance contributor and editor, and has specialized in the credit card industry since 2015. Her credit card commentary is featured on national media outlets that include CNBC, MarketWatch, Investopedia, and Reader's Digest, among many others. 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. Ashley holds a bachelor's degree in multimedia journalism from Florida Atlantic University.

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Advertiser Disclosure

Old Navy, a popular purveyor of clothing and accessories, was established as a subsidiary of The Gap, Inc. almost 25 years ago in 1984. Old Navy is typically considered the most affordable of the corporation's mainstream fashion brands, and currently has over 1,100 locations across the US, Canada, and Puerto Rico.

Designed for dedicated Old Navy shoppers, the Old Navy Credit Card provides an easy way to earn rewards and savings on your purchases at any Gap Inc. brand location, both in-store and online. This means you can shop — and earn rewards — on any Old Navy, GAP, Banana Republic, or Athleta purchase made with your Old Navy card. However, purchasing is limited to these brands with the closed-loop Old Navy Credit Card and you won't be able to pay your bill in-store.

Better Cards to Use at Old Navy

If the majority of your clothing sports an "Old Navy" tag, you'll probably find the Old Navy Credit Card to be a great tool for earning useful rewards. At the same time, those who aren't so enamored with the brand as to earn Navyist status will likely find a flexible, all-purpose rewards card more worthwhile — and significantly more valuable.

Cash Back

Cash back credit cards award a percentage of your purchases as cash back rewards, which can be redeemed for gift cards, a check, or a statement credit. Most programs offer unlimited rewards at a low rate, while some will offer bonus rewards at a higher rate for purchases in specific categories. For added variety, try a card offering bonus rewards in rotating categories that change each quarter.

Bank of America® Customized Cash Rewards credit card Review

at Bank Of America'ssecure website

CASH BACK RATING

★★★★★

4.9

OVERALL RATING

  • $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.
  • Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishings purchases.
  • If you're a Bank of America 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 cash rewards don’t expire as long as your account remains open.
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 19.24% - 29.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
  • 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 15 billing cycles for purchases
0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days (Balance Transfer Fee 3% for 60 days from account opening, then 4%)
19.24% - 29.24% Variable APR on purchases and balance transfers
$0
Excellent/Good

Additional Disclosure: Bank of America is a CardRates advertiser.

0% APR

Introductory 0% APR offers allow cardholders to carry a balance interest-free for a year or more. Considering the average credit card interest rate tops 16%, a good intro APR offer can save you thousands in interest fees. Pair an introductory 0% APR offer with cash back or travel rewards to really make the most of your savings.

Bank of America® Customized Cash Rewards credit card Review

at Bank Of America'ssecure website

0% INTRO APR RATING

★★★★★

4.8

OVERALL RATING

  • $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.
  • Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishings purchases.
  • If you're a Bank of America 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 cash rewards don’t expire as long as your account remains open.
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 19.24% - 29.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
  • 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 15 billing cycles for purchases
0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days (Balance Transfer Fee 3% for 60 days from account opening, then 4%)
19.24% - 29.24% Variable APR on purchases and balance transfers
$0
Excellent/Good

Additional Disclosure: Bank of America is a CardRates advertiser.

Travel Rewards

Whether you're a weekend jet-setter or just an annual-tripper, a good travel rewards card can make your next adventure more affordable by saving you money on flights, hotels, and other travel-related expenses. Cardholders can earn points or miles for every purchase, and some cards offer bonus miles for spending in specific categories. You can jump-start your savings with a travel card signup bonus, which can be worth thousands of miles if you can meet the spending requirement.

Discover it® Miles Review

at Discover Card'ssecure website

AIR MILES RATING

★★★★★

4.9

OVERALL RATING

  • UNLIMITED BONUS: Unlimited Mile-for-Mile match for all new cardmembers—only from Discover. Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. You could turn 35,000 Miles to 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
  • No annual fee
  • Turn Miles into cash. Or redeem as a statement credit for your travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more.
  • 0% intro APR for 15 months on purchases. Then 17.24% - 28.24% 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.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Terms and conditions apply.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 months
0% Intro APR for 15 months
17.24% - 28.24% Variable APR
$0
Excellent/Good

If your annual Old Navy budget is enough to earn you elite Navyist status, then the Old Navy Card can be a worthwhile addition to your wallet. If you're only in your local store for sales and clearance bargains, you'll likely get much more value out of a card that will earn you rewards on more than a few pairs of $3 flip-flops.

Old Navy Card Overall Rating: 2.5/5.0

With a high 25.99% APR, the Old Navy Credit Card isn't for those who like to maintain a balance, as the interest fees will likely add up fast, especially if you're a big spender. In addition, overall limits are reported to be low, and some reviewers mention having their credit limits lowered due to carried balances. That said, for frequent shoppers, the card may still be worthwhile despite the APR and low limits.

To start, new cardholders can enjoy 15% off their first Old Navy Card purchase made within 90 days of account opening. Cardholders will also be eligible for ongoing Old Navy Rewards, earning points at a rate of 5X points per $1 spent on Gap Inc.-brand purchases, in-store or online. Members can earn a $5 Reward for every 500 points redeemed, and Rewards can be used toward any qualifying brand purchases.

Old Navy Credit Card

  • APR: 25.99% as of Feb 2024
  • Annual Fee: $0
  • Rewards: Earn 5X per $1 on Gap Inc.-Brand Purchases
★★★ 2.5/5.0

While rewards are capped at $250 per billing cycle, the remaining points are added to Rewards in a future billing cycle, so you won't lose out if you earn more than allowed. Of course, as with most store cards, the best perks and rewards are given to those shoppers who spend the most, and the Old Navy Card is no exception.

In fact, those who earn 5,000 or more points on their Old Navy Card in a single calendar year will qualify for Navyist status, the highest cardholder status offered by the company. Those with Navyist status earn 20% extra Reward points every quarter, free shipping on any online order, and free basic alterations on Banana Republic purchases. Navyist members will also have access to a private, toll-free priority line anytime they need assistance.

Approval Requirements & Application

As a store credit card, the Old Navy Card will be easier to qualify for than a regular credit card and will be more likely to approve those with poor or limited credit. Although you can't pay your credit card bill in-store, you can apply for the card at any Old Navy location. You can also apply online through the Old Navy website using the link below.

What Others Say About the Old Navy Credit Card

Although the Old Navy Card undoubtedly has its benefits, the consensus seems to be that it's not very valuable to the average cardholder. Take a look at some other Old Navy Card reviews from around the web.

CreditCardForum.com
A review from CreditCardForum.com says:

As with all store cards, you need to ask yourself how much do you spend at this store per year? Old Navy’s clothes are low priced to begin with, so just to earn $50 in rewards (5,000 points) once per year, you would need to be spending $1,000 there. If you do spend thousands per year there then the Old Navy credit card might make sense. If not, their credit card may not be worth the hassle. So, bottom line, the Old Navy card along with any other store credit card is a fairly bad deal when you look at the other options available to most people with decent credit in the marketplace. If you like Old Navy that probably means you’re a shopper – so why not shop around for a better deal? — CreditCardForum.com

★★★ 2.5/5.0
CreditKarma.com
A review from CreditKarma.com says:

I had a $300 balance. Paid my card on time each month and never once maxed it out. They decided to LOWER my credit limit without notice meaning it dropped my credit score. No reason when you're paying your card and being responsible with it!!! — CreditKarma.com

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

For the hardcore Old Navy shopper, the Old Navy store credit card is definitely worth it, especially if you can obtain the Navyist status. The premium status means that you earn an effective 6% rewards on all purchases at Old Navy, The Gap, Banana Republic, and Athleta...If you don't fit the optimal criteria as an Old Navy store credit card customer, you're much better off with one of the cash back credit card alternatives. These alternatives will offer nearly as many rewards, but the rewards come in the form of cash. It is more versatile because you're not forced to use your rewards just for Old Navy purchases. — MyBankTracker.com

★★★ 3.0/5.0

Is the Old Navy Card Right for You?

Old Navy aficionados will enjoy the extra savings from the points and Rewards earned with their Old Navy Credit Card, especially if they also frequent the other Gap Inc. brands. The best value comes from reaching Navyist status, which unlocks extra points and other perks. Anyone who'd rather earn rewards on everything they buy — instead of being limited to a handful of mall stores — should stick with an all-around rewards card.

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.