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Ulta Credit Card review

Ulta Credit Card review

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This article was last updated Jan 23, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you frequently purchase makeup, perfume, hair care products and other cosmetics from Ulta Beauty store, it may be worthwhile to consider opening an Ultamate Rewards® Credit Card.

In addition to receiving a special discount on your first purchase, the card lets you earn rewards on all your Ulta Beauty purchases, which can be redeemed for merchandise at Ulta Beauty.

While the opportunity to earn rewards and special discounts on beauty purchases may be appealing, a card that offers cash back on every purchase that can be used anywhere, like the Citi® Double Cash Card – 18 month BT offer, may actually be a better fit for you. We’ll compare the rewards programs of both cards to see which may be a better choice for you.

Ultamate Rewards® Credit Card pros

Discount at Ulta Beauty. Get 20% off your first purchase at Ulta Beauty if approved.

Rewards rate. Cardholders earn 2 points for every $1 spent at Ulta Beauty. This includes services at The Salon at Ulta Beauty; however, tips, gift card purchases, shipping charges and discounts from vendor coupons are not eligible to earn rewards.

No annual fee. The Ultamate Rewards® Credit Card charges an annual fee of $0.

Ultamate Rewards® Credit Card cons

Limited to Ulta purchases. The Ultamate Rewards® Credit Card can only be used to make purchases at Ulta Beauty stores and at Ulta.com.

What are Ulta points worth? Ultamate rewards can only be redeemed for dollars off Ulta merchandise; however, the value of the rewards varies based on the amount of points you have. For example, you can redeem 100 points for $3 off your purchase and 2,000 points for $125 off your purchase.

Ultamate rewards points Dollars off merchandise
100 $3
250 $8
500 $17.50
750 $30
1,000 $50
2,000 $125

High interest rate. The Ultamate Rewards® Credit Card does not offer a 0% introductory APR on purchases. So if you plan to carry a balance on your card, you will be charged a high APR of 27.49% variable.

Compare it to the Citi® Double Cash Card – 18 month BT offer

If you don’t want to be limited to earning and redeeming rewards at Ulta Beauty, you should take a look at a card that offers rewards on every purchase you make, like the Citi® Double Cash Card – 18 month BT offer.

As you can see from the table below, the Citi® Double Cash Card – 18 month BT offer lets you earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Rewards can be redeemed for statement credits, direct deposit, checks or points.

Ultamate Rewards® Credit Card vs. Citi® Double Cash Card – 18 month BT offer

Ultamate Rewards® Credit Card Citi® Double Cash Card – 18 month BT offer
Annual fee $0 $0
Sign-up bonus 20% savings on your first purchase at Ulta Beauty No bonus
Rewards rate 2 points for every $1 spent at Ulta Beauty Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
Intro APR on purchases N/A N/A
Intro APR on balance transfers N/A 0% for 18 months on balance transfers
Regular purchase APR 27.49% variable 13.99% – 23.99% (variable)
Regular balance transfer APR N/A 13.99% – 23.99% (variable)
Foreign transaction fees N/A 3% of each purchase transaction in U.S. dollars.

While you can get more value for your rewards with the Ultamate Rewards® Credit Card, you are limited to using that card just for Ulta purchases. Both the Ultamate Rewards® Credit Card and the Citi® Double Cash Card – 18 month BT offer don’t charge an annual fee.

However, if you want to transfer a balance from a different credit card, you should use the Citi® Double Cash Card – 18 month BT offer. The card offers an introductory APR of 0% for 18 months on balance transfers, then a regular APR of 13.99% – 23.99% (variable) applies.

Also, if you plan to finance a purchase and pay it off over time, the Citi® Double Cash Card – 18 month BT offer will be a better fit — especially if you qualify for the lower APR. By comparison, the Ultamate Rewards® Credit Card charges a flat APR of 27.49% variable on purchases.

That said, we do recommend paying your credit card balance in full each month.

Ulta rewards FAQs

Before deciding if the Ultamate Rewards® Credit Card is the right fit for you, review some of the card’s frequently asked questions.

How to redeem Ulta points

Rewards are earned in the form of Ultamate Rewards points, which can be used to cover all or part of your purchase at Ulta stores and Ulta.com, once you have at least 100 available points.

Simply inform the sales associate how many points you want to use at checkout, or, if making a purchase online, select the amount of points you want to use on the payment page.

Do Ultamate Rewards points expire?

Your Ultamate Rewards points will expire at the end of the quarter one year after the date on which they were earned.

What is the Ultamate Rewards program?

Ultamate Rewards is Ulta Beauty’s loyalty program. Members receive 1 point per dollar on Ulta Beauty purchases, as well as access to special discounts and perks. Sign-up is free.

Note, you must sign up as an Ultamate Rewards member to apply for the Ultamate Rewards® Credit Card. As an Ultamate Rewards® Credit Card holder, you will earn 1 additional point per dollar on Ulta purchases, for a total of 2 points for every $1 spent at Ulta Beauty.

What are the Ultamate Rewards program statuses?

Ultamate Rewards offers three statuses, based on how much you spend at Ulta Beauty per calendar year.

Member Platinum  Diamond
Annual spend required $0 $500 $1,200
Rewards rate 1 point per dollar 1.25 points per dollar 1.5 points per dollar
Benefits Free birthday gift and 2x points during birthday month Free birthday gift, 2x points during birthday month and $10 birthday coupon Free birthday gift, 2x points during birthday month, $10 birthday coupon, free shipping on orders of $25 or more and annual $25 beauty services reward card
Rewards expiration At the end of the quarter, one year after the date the points were earned Never Never

 


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