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The Children’s Place Credit Card Review (Feb. 2024)

The Children’s Place 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

Founded in 1969, The Children's Place is one of the leading children's specialty apparel companies in the US. The popular mall retailer operates more than 1,000 stores in the US, Canada, and Puerto Rico. The Children's Place offers clothing and accessories for children, with size groupings for babies (sizes 7 lbs to 12 months), toddlers (sizes 12 months up to 5T), and big kids (sizes 4 to 16).

For regular shoppers who want to save on outfitting their young ones, The Children's Place offers the My Place Rewards Credit Card that allows cardholders to earn points on every The Children's Place purchase. But while the card's rewards can be valuable for those who can make the most of them, the card can only be used to purchase The Children's Place merchandise and the APR is significantly higher than that of your average rewards card.

Better Cards to Use at The Children's Place

With a 10% rewards rate, the My Place Rewards Credit Card certainly offers a good value for frequent shoppers — but that's about it. Unless you're shopping at The Children's Place, the card is basically useless — and so are its rewards. Rather than limit yourself to a card with only one purpose, try a flexible rewards card or one with a 0% APR offer that can give you more universal value.

Cash Back

No matter how often you find yourself picking up a new pair of pants for your little one, chances are good you spend significantly more money each month on everyday necessities like groceries and transportation. So why use a card that only rewards you for The Children's Place purchases? An everyday cash back card can help you earn rewards on every purchase — and can let you redeem those rewards on just about anything.

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

With an APR closer to 30% than 25%, the My Place Rewards Credit Card is about the last place you want to carry a balance. In other words, that big back-to-school clothing haul may earn you some decent rewards with your My Place Rewards Credit Card, but if you can't pay it off right away, the interest fees can soon start to overwhelm the rewards.

A better alternative for anyone who needs a little more time to pay off a large purchase is a credit card with a low APR — and nothing is lower than 0%. With decent credit, you can often find intro-APR offers that provide 0% interest on new purchases for 12 months or more, giving you plenty of time to pay off your purchases.

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

After a year of carpools, laundry, dishes, and runny noses, the family vacation (or a parents-only getaway) can be the light at the end of the tunnel. So wouldn't it be nice if all those little everyday purchases could bring that vacation a little closer? With a solid travel rewards card, every purchase can earn points or miles that can be redeemed for free hotel stays and airline tickets, helping get you out of the daily grind — and into the time of your life.

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 family of five goes through clothes like they're made of paper, you may just get the full value out of the My Place Rewards Credit Card. For everyone else, the limited use of the card — both from the high APR and closed-loop restrictions — means an all-purpose rewards card will often be the better value in the end.

The Children's Place Card Overall Rating: 3.3/5.0

Fans of The Children's Place may already be earning rewards on their purchases as members of the My Place Rewards program, but the My Place Rewards Credit Card can help shoppers earn rewards even faster with double the points on your purchases. The My Place Rewards Credit Card earns 2X points per $1 spent on The Children's Place purchases, with 100 points turning into a $5 reward.

What's more, you can stack your rewards (up to four rewards from the same account), as well as use them in conjunction with a coupon or promo code. Despite its solid rewards rate, however, the My Place Rewards Credit Card is a bad idea for big purchases; unless you can pay off your purchase right away, the 32.24% APR will start to turn your savings a bit sour.

The Children's Place Credit Card

  • APR: 32.24% as of Feb 2024
  • Annual Fee: $0
  • Rewards: Earn 2X points per $1 spent
★★★ 3.3/5.0

While you'll want to pay off any large purchases pretty quickly to avoid interest fees, new cardholders can get a little extra help making a big purchase affordable. That's because you'll receive 30% off of your first My Place Rewards Credit Card purchase when you sign up for the card and are approved. You'll also receive a 20% off coupon when you get your card.

Additionally, when you use your My Place Rewards Credit Card to make online purchases, you'll get free standard shipping. And like many store cards, the My Place Rewards Credit Card also offers a special birthday gift — but not for the cardholder's birthday. Instead, you can register your child's birthday for 25% off on each birthday (you can register up to four children).

Approval Requirements & Application

While most store credit cards require at least fair credit to qualify, some reviewers report being approved with credit scores as low as 525, so the My Place Rewards Credit Card may be an option for those with poor credit. You can apply for a My Place Rewards Credit Card by filling out an in-store application or heading online using the link below.

What Others Say About the The Children's Place Credit Card

While some consumers are happy with the My Place Rewards Credit Card's rewards and discounts, most reviewers report having billing issues and poor customer service experiences. Several cardholders reported being unhappy about the lack of automatic payments functionality for making card payments.

CreditKarma.com
A review from CreditKarma.com says:

Was pressured into signing up for the card in store to receive the discount. Paid my balance in full on the due date. It was after their 8 p.m. cutoff time, so I called the next day and was told not to worry, they would remove any late fee that would appear. I looked just to check on it the following month, but they had not removed the late fee. I was told once again that as a new cardholder they would remove the late fee and even the interest charge on the fee. I was assured my balance was at $0. Again I logged in to check to be sure and was charged yet another late fee. When I called again I was told they had no record of my initial conversation and that they couldn’t remove the late fees. After talking to a supervisor the best she could do was offer a $15 credit if I paid the balance on the phone with her. I did that. So, in the end, I feel that I was lied to twice and then ripped off. There were no apologies for my repeated hassle in dealing with their incompetent customer service representatives. I cut the card up, and I will never step foot in that store again. I will be checking again to make sure that my account is finally at zero next month after having made one purchase and paying it in full plus paying for repeated late fees after the fact. Completely ridiculous. — CreditKarma.com

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

I used to love shopping at The Children's Place and now I really hate it. I applied for a Children's Place credit card and was really excited that I received it until I made a purchase and it was declined right away. I called the Customer Service and they couldn't ever tell me why my purchase was declined, and on top of that, the exclusive offer I received wasn't any good. So I tried to make another purchase and it was declined again because of insufficient funds. I called the Customer Service again and they said I would have to wait five days for the money to be back on the card. I ask why when they declined the purchase right away. They still couldn't give me an explanation. This is so unacceptable. — ConsumerAffairs.com

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

I love this store. I get great deals. I use their credit card to make purchases because I get double points. My points accumulate faster so I can get $5-$10 rewards to use on my next purchase and I also like when they give Children’s place cash. I recommend this store to all parents up to age 13-14. — Influenster.com

★★★★★ 5.0/5.0

Is the The Children's Place Card Right for You?

As one of the top children's apparel retailers in the US, The Children's Place definitely has its fair share of fans. And for the most fervent of them, the My Place Rewards Credit Card can provide a good deal of value. But unless you're spending enough money in the store to make the most of the rewards — and are willing to deal with possibly questionable customer service — the card's high APR and closed-loop limits will likely make it an ill fit.

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.