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Saturday, August 31, 2013

Old Navy Credit Card Tips

How to apply for an Old Navy Credit Card

Old Navy Card and Old Navy Visa
Image Source: Dr. Penny Pincher

You can apply for an Old Navy credit card at the store or on-line.  On the Old Navy credit card application, you will need to provide your name, address, e-mail address, net annual income, and length residing at current address.  Also required is your date of birth and social security number on the application.  You'll find out in a few minutes if you are approved.  You can be approved for an Old Navy Card- a store credit account that can be used for purchases only at Old Navy and related stores, or for an Old Navy Visa- a credit card which can be used anywhere Visa is accepted.

What credit score do I need to get approved for an Old Navy credit card?

You'll likely need a credit score of 600 or higher to be approved for this credit card, although data shows that some applicants are approved with scores in the 500-600 range.

Old Navy credit card interest rate and credit limit

The credit limit on an Old Navy credit card varies from person to person based on income and credit score.  A credit limit in the range of $300 to $3,000 is the most likely.  The current interest rate on Old Navy credit card is 24.9%, so you won't want to carry a balance on this one.

Old Navy- Bargains Await!
Image Source: Dr. Penny Pincher

Old Navy Card Discounts and Benefits

If you are approved for an Old Navy Card or Old Navy Visa, you can get 10% off all of your purchases that day.  This discount can be combined with one other discount as well.  

The current offer also includes a 10% savings pass good for 10% off for the first 60 days after you get your card.  After you have an Old Navy card, you will get offers and discounts in the mail.

Other Old Navy card exclusive discounts include:
  • Rewards program- get a $5 reward for every $100 spent at Old Navy, Gap, Banana Repbulic Piperlime and Athleta
  • With Old Navy Visa, earn a $30 bonus when you use your Old Navy Visa outside the stores listed above
  • 10% off on Tuesday (both in store and on-line)
  • Birthday discount- $15 off
  • Bonus point days- earn extra rewards by making purchases on specific days
  • Seasonal discounts and promotions will be sent to you throughout the year

Can you use an Old Navy Card at other stores?

The Old Navy Card is a store credit card and can only be used at Old Navy stores and other brands in the Old Navy family.  The Old Navy Visa credit card is a Visa credit card and can be used anywhere Visa is accepted.

The Old Navy Card/Old Navy Visa program is similar to the Gap Credit Card program.

Get an Old Navy Credit Card at Old Navy stores
Image Source: Dr. Penny Pincher

Old Navy credit card- Should you get one?

Pro:  You'll save 10% on your purchase if you get an Old Navy card, plus you'll get 10% off for 60 days as well as other special discounts and offers.  If you get an Old Navy Visa card, you can get rewards for using your card every day.

Con: At 24.9% interest, you'll want to make sure you pay this card off every month.  The rewards and discounts will quickly get wiped out by interest payments if you carry a balance.

If you shop regularly at Old Navy and will pay off the balance on an Old Navy card every month, then getting and Old Navy card could be a good deal for you.

Recommended Reading
Kohl’s Credit Card: Get Kohl’s Cash and Kohl's Discounts

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