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Banana Republic Store Credit Card

Banana Republic Store Credit Card

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Aug 28, 2018. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

Banana Republic offers two $0 annual fee branded cards for fans of the store — the Banana Republic Credit Card and the Banana Republic Visa Card. The Banana Republic Credit Card is a store card, meaning it can only be used at Banana Republic, Gap, Old Navy and Athleta retail, online or outlet/factory stores located in the U.S., Puerto Rico and Canada. The Banana Republic Visa Card has wider acceptance and can be used at those stores and anywhere Visa is accepted.

You can use one of the Banana Republic-branded cards to earn rewards at a higher rate compared to flat-rate rewards and cashback cards, which typically max out at 2 points or 2% per $1. Plus, cardholders can benefit from various perks that can increase your points, reduce the cost of your purchases and more.

Rewards breakdown

Banana Republic Credit Card holders can earn 5 points for every $1 spent on Gap Inc. brands, in-store and online and Banana Republic Visa Card holders can earn 5 points for every $1 spent on Gap Inc. brands, in-store and online, 1 point for every $1 spent everywhere else.

For both cards, you can earn points by shopping in stores, online or directly via phone or mail at Gap, GapBody, babyGap, GapKids, Gap Maternity, Gap Outlet, Gap Factory Store, Banana Republic, Banana Republic Factory Store, Old Navy, Old Navy Outlet, or Athleta in the U.S. (including Puerto Rico) and Canada. And, for the Banana Republic Visa Card, you can earn points anywhere Visa is accepted.

Note: Points are not earned for purchases made at Intermix stores, intermixonline.com, Weddington Way stores, weddingtonway.com, or for the babyGap OutfitBox or Old Navy SuperBox subscription services.

Each point is worth $0.01, and rewards are issued in increments of $5. So, when you reach 500 points, you’ll receive a $5 reward certificate that can be used at Banana Republic. The maximum amount of rewards issued in any billing cycle is $250 — which would require you to spend $5,000 in Gap Inc. brands.

Any points you earn in a billing cycle that are less than the amount required to hit a $5 increment reward or greater than $250 in rewards will be carried over to the next billing cycle. For example, earning 2,700 points in a billing cycle means you’ll receive a $25 reward, while the remaining 200 points will be applied to the next billing cycle. There are no limits to the amount of points you can earn, and they expire 24 months after your last purchase if your account has been inactive.

Beware: While points don’t expire while your account is active, issued rewards do have an expiration date. Refer to your reward for the expiration date.

Benefits of the Banana Republic Credit Card and the Banana Republic Visa Card

Beyond the rewards, both the Banana Republic Credit Card and the Banana Republic Visa Card offer the same perks, which include:

  • Double-point shopping days
  • Cardmember-only offers and discounts
  • No receipt required for returns
  • Birthday offer: You receive a special offer for your birthday as long as you have made at least one purchase at a Banana Republic or Banana Republic Factory Store with your card within the last 12 months and your account is in good standing.
  • Earn up to $10 in rewards when you sign up for emails and eBills
  • 20% discount will be applied at checkout to your first single receipt qualifying purchase made with your new card at BananaRepublic.com within 90 days from account opening.

The Banana Republic Visa Card has an added offer for new cardmembers: Receive 3,000 bonus points if you make a qualifying purchase outside Gap Inc. brands and it posts to your account within 30 days of account opening.

Earn more by reaching Luxe status

When you earn 5,000 points in a calendar year, make at least the minimum payment on your bill each month and keep your account in good standing, you’ll reach Luxe status. That means you need to spend $1,000 a year at Gap Inc. brands. Reaching Luxe status comes with several added perks:

  • Triple-point shopping days
  • Free shipping in 3 to 5 business days on purchases made online at Banana Republic, Banana Republic Factory, Gap, Gap Factory, Old Navy and Athleta with code LUXE
  • Unlimited complimentary basic alterations on Banana Republic merchandise (excluding leather and suede)
  • Choose Your Own Sale Day: You can choose one day during the year to use a coupon and save on a purchase.
  • Dedicated toll-free customer service line: (866)-450-2335
  • Each quarter, receive 20% additional points based on what you earned in those three months. For example, if at the end of a calendar quarter you have earned 500 points, you’ll receive an additional 100 points.

*Note: To maintain Luxe status, you need to earn 5,000 points each calendar year.

Where this card falls short among store cards

There is a 26.74% variable APR for both cards. High APRs are typical of store cards, but it’s still something to beware of when making purchases with the Banana Republic Credit Card or the Banana Republic Visa Card. You do not want to carry a balance with either card, because interest charges will outweigh the value of any rewards you earn. Try not to be tempted to overspend just to earn more rewards or reach Luxe status — you’ll end up racking up interest charges and debt, plus risk damaging your credit score.

Compare it to a flat-rate cashback card: Citi® Double Cash Card – 18 month BT offer

  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.

  • 0% for 18 months on Balance Transfers

  • 15.49% - 25.49% (Variable)

Highlights
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.49% – 25.49%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • The standard variable APR for Citi Flex Plan is 15.49% – 25.49%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

See additional details for Citi® Double Cash Card – 18 month BT offer

More Info

If you’re looking for a card that will benefit you the most at Banana Republic, the Banana Republic Credit Card or the Banana Republic Visa Card are better choices compared to a flat-rate cashback card like the Citi® Double Cash Card – 18 month BT offer.

With the Citi® Double Cash Card – 18 month BT offer you can earn 2% cash back on purchases: 1% when you buy plus 1% as you pay. That’s compared to the Banana Republic Credit Card’s 5 points for every $1 spent on Gap Inc. brands, in-store and online and the Banana Republic Visa Card’s 5 points for every $1 spent on Gap Inc. brands, in-store and online, 1 point for every $1 spent everywhere else.

Take a scenario where you spend $500 at Banana Republic. With the Citi® Double Cash Card – 18 month BT offer, you’d earn $10 cash back. That’s compared to the $25 reward you’d earn with the Banana Republic Credit Card or the Banana Republic Visa Card. It’s clear who the winner is — one of the Banana Republic-branded cards.

However, if you’re looking for more of a general use credit card and not specifically a card for Banana Republic purchases, then the Citi® Double Cash Card – 18 month BT offer would be the better choice. You earn 2% cash back on purchases: 1% when you buy plus 1% as you pay. This is compared to the 1 point on everyday purchases provided by the Banana Republic Visa Card.

Take another scenario where you spend $500 on everyday purchases like groceries, gas and cleaning supplies. With the Citi® Double Cash Card – 18 month BT offer, you’d earn $10 cash back that can be used for a statement credit, gift card or direct deposit in increments of $25. The Banana Republic Visa Card would earn a $5 reward (that can only be used at Banana Republic). Clearly, the Citi® Double Cash Card – 18 month BT offer would be the best option in this scenario.

Bottom line

If you’re an avid Banana Republic shopper, the Banana Republic Credit Card or the Banana Republic Visa Card can provide you with a simple way to earn a great rewards rate on your purchases — all at a $0 annual fee.

The rewards rate of 5 points for every $1 spent on Gap Inc. brands, in-store and online is hard to find for store cards and for rewards and cashback cards, in general. There may be instances where cashback cards offer department stores as a 5% bonus category for three months out of the year, but they don’t often offer a consistent 5% all year — making the Banana Republic Visa Card or the Banana Republic Credit Card the best option for frequent Banana Republic shoppers. Plus, you can use this card at other Gap Inc. brands and earn rewards on those purchases.


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