TJ Maxx Credit Card Review – Earn Points at T.J. Maxx, Marshalls & HomeGoods

Updated on Mar 21, 2017

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TJX Rewards Credit Card Review – Save at TJ Maxx, Marshalls, and HomeGoods

If you like to shop at TJ Maxx, Marshalls, HomeGoods, and Sierra Trading Post you might be pleased to know that there is a rewards credit card that lets you earn extra points at all of them. With the TJX Rewards Credit Card, you can shop at any one of these stores and rack up points to use towards future purchases.

The TJ Maxx credit card now comes in two forms: the TJX Rewards Credit Card and TJX Rewards Platinum MasterCard. Both cards can earn you the great rewards with every shopping experience, but let’s take a closer look to see if carrying a TJMaxx credit card is the right choice for you.

TJ Maxx Credit Card Rewards Details

The TJ Maxx credit card is all about store benefits. You’ll earn a rewards rate of 5 points per $1 spent at T.J. Maxx, Marshalls, HomeGoods and Sierra Trading Post.

For every 1,000 points you earn you’ll receive a $10 rewards certificate that are redeemable at participating T.J. Maxx, Marshalls, HomeGoods and Sierra Trading Post stores. This means that for every $200 spent in these stores, you’ll accumulate 1,000 points which translates to a $10 rewards certificate.

For those who hold the Platinum MasterCard version, you’ll also earn 1 point per $1 spent on all other purchases. There’s no limit to the number of points you can earn, but it’s important to notes that points expire two years after the issue date.

The TJMaxx credit card comes with no annual fee and you’ll also receive 10% off your first purchase. However carrying a balance with either card will be costly due the interest charges from the APR of 27.24%. Other benefits include 0% fraud liability, $10,000 of optional security available, online account management and special store discount offers for cardholders.


TJX Rewards Credit Card vs. TJX Rewards Platinum MasterCard

You may be wondering which version of the TJX Credit Card you should to apply for. Here are the main differences between the two cards:

The Platinum MasterCard version of the TJX Rewards card is by far the better credit card. In addition to what comes standard with each card, the Platinum MasterCard version has a slew of other benefits including the ability to earn 1 point per $1 spent on all other purchases outside of T.J. Maxx, Marshalls, HomeGoods and Sierra Trading Post.

Being a MasterCard member gives you access to worldwide acceptance and a number of other perks like Price Protection and Extended Warranty Coverage.

What We Like

If you’re a frequent shopper at T.J. Maxx, Marshalls, HomeGoods or Sierra Trading Post, it’s pretty incredible to be able to earn and unlimited 5x points on all your purchases with these stores. It’s also really nice that you won’t have to pay an annual fee.

The built-in fraud liability is also a great bonus because that means you're not responsible for any unauthorized charges on your account. Also, there’s no limit to the number of points you can earn.

What We Don’t Like

Generally speaking, store credit cards won't be as good as the credit cards you find at major banks. The interest rate on the TJX Rewards Credit card is through the roof. The APR of 27.24% is absurd, so carrying a balance on this credit card could be extremely costly. You can also avoid paying interest by paying your balance off in full by the due date. If you don’t, you could fall into debt very quickly with this credit card.

The 1% rewards rate on purchases outside of the loyalty stores is pretty low compared to of rewards credit cards out there. It’s could also be inconvenient that your points expire after two years.

Better Rewards Credit Cards

Chase Freedom®: The cash back benefits are immense with the Chase Freedom credit card. On top of earning an unlimited 1% on every purchase, the Chase Freedom earns 5% back in popular rotating categories like gas, groceries, restaurants and more. You’ll even earn a $150 cash back bonus if you spend $500 on purchases within the first 3 months of account opening. There’s no annual fee and cash back rewards never expire. While rewards are not specific to TJX with the Chase Freedom, you’ll be saving more money than with a TJX Rewards Credit Card.

Citi® Double Cash Card – 18 month BT offer: The Citi Double Cash offer a simple cash back program that earns 1% when you purchase and another 1% when your bill is paid. That’s quite the combined savings considering the cash back is unlimited and you’re earning cash back twice. The Double Cash card has no annual fee and no cap on the amount of cash back you can earn. Cardholders can also enjoy 0% intro APR on balance transfers for 18 month! The ongoing APR with this card is 14.24% - 24.24%* (Variable) based on your creditworthiness.

BankAmericard Travel Rewards® Credit Card: An excellent choice for earning rewards on travel, the BankAmericard Travel Rewards earns 1.5 points per $1 spent on all purchases. There’s also a sign up bonus of 20,000 points when you spend $1,000 in the first 90 days. Points are redeemed for travel such as flights, hotels, and car rentals. There’s no annual fee and no foreign transaction fee, meaning more ways to save on travel.

The Bottom Line

The TJ Maxx credit card may be good for people who regularly shop at T.J. Maxx, Marshalls, HomeGoods and Sierra Trading Post, but it is impractical for anyone else.

If you do decide to apply for a TJMaxx credit card, the Platinum MasterCard version is definitely a better choice because you can earn points outside of TJX stores. Nonetheless, points earned are only redeemable for purchases at one of the TJX stores, which really limits the benefits of the rewards.

For most consumers, one of the credit cards mentioned above will be a better option than the TJ Maxx Credit Cards because they offer better rewards and lower interest rates.

*Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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