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Lord & Taylor Credit Card Review

Lord & Taylor Credit Card Review

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Sep 25, 2018, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

If you’re a frequent Lord & Taylor shopper, you’ve likely been asked if you want to apply for a Lord & Taylor Credit Card at checkout, and you may be wondering if it’s worth filling out an application and adding another card to your wallet. Rest assured, the Lord & Taylor Credit Card is a solid offering that rewards loyal Lord & Taylor shoppers with rewards certificates, exclusive cardholder events, coupons and more.

In this review, we’ll break down who should consider applying for a Lord & Taylor Credit Card, the benefits of having a card, and alternative cards for department store shopping.

Who a Lord & Taylor Credit Card is best for

The Lord & Taylor Credit Card is targeted towards fans of the store — this is a store card, meaning you can only use it at Lord & Taylor locations or online at lordandtaylor.com. As a result, if you don’t shop at the store, skip to the alternative cards mentioned later in this review. But, if you do frequent Lord & Taylor’s for apparel, beauty, home furnishings and more, a Lord & Taylor Credit Card can help you earn a standout $10 in rewards for every $200 spent (up to $250 a quarter). And if you spend at least $1,000 a year, you’ll be upgraded to the Lord & Taylor Premier Credit Card which provides a few more perks, detailed more below.

Benefits of a Lord & Taylor Credit Card

As a Lord & Taylor Credit Card holder, you get the following benefits:

  • $10 in rewards for every $200 spent (up to $250 a quarter)
  • Exclusive cardholder events: Throughout the year, you’ll receive coupons and savings passes.
  • Receipt-free returns: There’s no need to remember to bring your receipt when you return an item.
  • Birthday bonus: Each year on your birthday, you’ll receive a special birthday reward.

Benefits of a Lord & Taylor Premier Credit Card

When you spend at least $1,000 on net qualifying purchases (purchases before tax, net of returns and discounts) each calendar year on the Lord & Taylor Credit Card and your account is in good standing, you’ll be upgraded to the Lord & Taylor Premier Credit Card. You’ll need to continue to meet the prior requirements each year to maintain your Premier status.

Lord & Taylor Premier Credit Card holders benefit from all of the Lord & Taylor Credit Card perks, plus:

  • Couponless shopping: You can take advantage of coupons and savings passes without needing to bring the physical coupons or savings passes to the store to receive the discount. You may have experienced being at checkout and realizing you forgot your coupons, but worry no more with this helpful feature — your payment will already include any of the discounts or savings that are being offered that month.
  • Exclusive offers: Offers may include additional coupons, occasional free standard shipping at Lord & Taylor’s discretion, and more. These exclusive offers are not available to Lord & Taylor Credit Card holders.
  • Premier customer service number: You’ll receive a separate customer service number compared to traditional credit cardholders.

Rewards breakdown

This card doesn’t have a traditional rewards program where you earn points or cash back. Instead, you earn rewards certificates when you hit a certain amount of spending — $10 in rewards for every $200 spent up to a maximum quarterly bonus of $250 — so up to $5,000 in spending every quarter. That equals an effective 5% cash back rate, unmatched by general-purpose cards — even ones with department stores as a quarterly 5% bonus category.

The rewards you earn are issued quarterly via email or standard mail. They can be used in-store at Lord & Taylor locations or online at lordandtaylor.com. Note, rewards expire on the last day of the sixth calendar month after the date of issuance; refer to your reward for the expiration date.

There is also a new cardmember offer where you receive 15% off on first day's purchases up to $100.

Where the Lord & Taylor Credit Card falls short among store cards

If you’re someone who carries a balance month-to-month, the Lord & Taylor Credit Card isn’t the best card for you since it has a high 27.24% variable APR. You’ll incur high interest charges on overdue balances that can lead you to fall into debt. However, if you pay on time and in full each month, this shouldn’t really be an issue.

Alternatives

Flat-rate

  • 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 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.49% - 25.49% based on your creditworthiness*
  • No categories to track, no caps on cash back, no annual fee*

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

More Info

A flat-rate cashback card can be a good way for you to earn a consistent rewards rate on all your spending, regardless if it’s at a department store or not. The Citi® Double Cash Card – 18 month BT offer is our top pick for a flat-rate cashback card since cardholders can earn 2% cash back on purchases: 1% when you buy plus 1% as you pay. That’s a great rate when you compare it to other cashback cards that may offer as low as 1% cash back on everyday purchases. In addition, there’s a $0* annual fee and the ability to register eligible items with Citi® Price Rewind. With this feature, Citi will search for a lower price within 60 days from purchase date. If a lower price is found, you may receive the difference between the price you paid and the lower price.

Department

  • $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.*

  • 6% at U.S. supermarkets on up to $6,000 per year in purchases*

  • 3% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases*

Highlights
  • $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) - that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
  • 3% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 14.99% to 25.99%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • $95 annual fee.
  • Terms Apply.
  • See Rates & Fees

See additional details for Blue Cash Preferred® Card from American Express

More Info

If you want a card that can reward you for department store spending, consider the Blue Cash Preferred® Card from American Express. It is one of few cashback cards to provide a consistent high rate on select U.S. department store purchases — 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 3% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases. There is a $95 annual fee, but spend $3,167 a year at select U.S. department stores and you can earn enough cash back to recoup the fee.

Bonus 5%

If you want to maximize cash back, a cashback card that offers rotating 5% cashback categories can be a good option. Department stores are often included as a bonus category for one quarter of the year — typically around the holiday months. Just note, while these cards can provide you a high 5% cashback rate on eligible purchases, you’ll need to activate the bonus categories each quarter. Plus, the 5% cashback rate is often limited to $1,500 of spending a quarter before the cashback rate drops to 1%.

Here are two of our favorite rotating 5% cashback cards:

  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically*

  • Earn 5% cash back at different places each quarter up to the quarterly maximum, when you activate*

  • Any amount, any time. Cash back rewards never expire*

Highlights
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched. 
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate. 
  • Plus, earn unlimited 1% cash back on all other purchases - automatically. 
  • Redeem cash back any amount, any time. Rewards never expire. 
  • Use your rewards at Amazon.com checkout. 
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up. 
  • No annual fee.
  • See Rates & Fees

See additional details for Discover it® Cash Back

More Info

  • Earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening.

  • 0% Intro APR on purchases and balance transfers for 15 months

  • 16.74% - 25.49% Variable

Highlights
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee

See additional details for Chase Freedom®

More Info

Bottom line

If you frequently shop at Lord & Taylor’s and are looking for ways to save money on your purchases, the Lord & Taylor Credit Card is a good choice with the ability to earn an effective 5% back in rewards— just make sure you pay on time and in full each month so you avoid high interest charges.

If you prefer to shop at another department store like Macy’s or Bloomingdale’s, those stores have their own credit cards. And, if you don’t favor one department store, you can choose one of the general-purpose cards mentioned in the alternatives section above.


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June 4, 2013