New York and Company Credit Card: Review

Originally founded in 1918 by clothing manufacturers Samuel Lerner and Harold Lane, New York & Company is one of the most famous clothing stores in New York. Today the store is best known for its women’s clothing and accessories to wear to work, although they also offer an attractive selection of casual and sportswear.. In fact, the New York & Company has more than 500 stores and is a common sight in malls across the country.

Now, with the average outfit costing $50, putting together a business wardrobe from the shelves of New York & Company can be expensive, which is why a large number of the brand’s customers have used the store’s credit card to earn savings. and rewards on the purchases they make. However, while many have enjoyed the rewards, the card’s high APR is a major drawback to consider if you’re interested in getting it..

New York and Company Credit Card Overall Rating: 3.5/5

New York and Company Credit Card

  • APR: 27.24%
  • Annual quota: $0
  • Rewards: $10 for every $200 spent
The New York and Company credit card is not a product for people who tend to carry a balance. In fact, its real draw is the rewards for purchases, offering a $10 reward for every $200 spent. While this equates to a nice 5% reward rate, the real savings come from achieving Premier status.

While carrying a balance on the card is a bad idea, those who can (responsibly) meet the $400 annual requirement for Premier status will receive double the Reward, earning $20 for every $200 spent, which translates to a 10% yield. As an added feature, card rewards can be used in conjunction with store coupons, which is a nice added savings.

Also, the New York and Company credit card comes with other benefits, such as a special birthday offer every year. On the downside, every advantage seems to come with a fine print.. For example, to earn the birthday reward you need to have made a purchase in the last 12 months (and you won’t earn it the first year if you get the card during your birthday month).

Similarly, the “free shipping” that comes included with the card is not a consistent option. In that way? Well, because in practice you can only get free shipping on certain days. On the other hand, As a cardholder you will have access to special events and exclusive offers, plus Premier members will receive the NY&C monthly style guide.

Approval and application requirements

Like other store cards, the New York and Company credit card is easy to get, but you’ll still want to make sure you have at least fair credit to stand a chance of approval. As for how to apply, you can do it at your local store or online through their Web page.

How do I pay my New York & Company credit card bill?

The store offers four convenient ways to pay your credit card bill: online, by mail, by phone, or in person at a store. Your New York and Company credit card statement will tell you when to pay. If you don’t make at least the minimum payment by the due date, you will be charged a surcharge of 38 dollars.

Alternatives to the New York and Company credit card

If most of your clothes are from NY&C, then you can make a decent profit from the store credit card, since as we’ve explained, its bounty rate is certainly hard to beat. However, both the card and its rewards can only be used in-store, so it’s basically useless elsewhere.

Also, if you don’t spend enough each year to earn Premier status, or can’t pay for those purchases right away to avoid high APR, then this card will be limited use (and limited savings too).

Cash Back Alternative

Cash back credit cards are a reliable way to save on every purchase, since they offer simple rewards that can be redeemed according to the credit in the account statement. While you won’t get the same rewards rate on a “traditional” cash back card as you would on the New York and Company card, the big advantage over the New York and Company card is that you can earn and use rewards on a rewards card from another company. wherever it is accepted.

Chase Freedom Unlimited

  • With this card you earn a $200 bonus after spending $500 during the first 3 months from account opening.
  • You get 5% cash back on grocery purchases (not including Target or Walmart purchases) for up to $12,000 spent in the first year.
  • You get unlimited 1.5% cash back on all purchases.
  • 0% introductory APR for 15 months from account opening; then the rate goes up to a variable APR from 14.99 to 23.74%.
  • There is no annual fee.
  • There is no minimum to redeem.
Enter (Shopping) Enter (Transfers) Regular APR Annual quota credit needed
0% APR on purchases for the first 15 months Does not apply Variable: from 14.99% to 23.74% $0 good/excellent

0% APR Alternative

Competitive only compared to other store cardsAt 27.24% APR for the New York and Company credit card, any purchase can end up being very, very expensive if you let the interest accumulate.

Therefore, our recommendation is that you use a credit card with an introductory APR of 0%, since: 1. The interest rate is basically 0 for the duration of the offer; 2. You can use these cards anywhere (including NY&C).

Chase Freedom Unlimited

  • You earn a $200 bonus after spending $500 during the first 3 months of account opening.
  • You get 5% cash back on grocery purchases (not including Target® or Walmart® purchases) for up to $12,000 spent in the first year.
  • You get unlimited 1.5% cash back on all purchases.
  • 0% intro APR for 15 months from account opening on purchases, then rate goes up to variable APR from 14.99 to 23.74%.
  • There is no annual fee.
  • There is no minimum to redeem.
Enter (Shopping) Enter (Transfers) Regular APR Annual quota credit needed
0% APR on purchases for the first 15 months Does not apply Variable: from 14.99% to 23.74% $0 good/excellent

Alternative with travel rewards

While New York & Company is famous for its workwear, it doesn’t have to be all work with a good travel rewards credit card. In fact, with one you can earn points or miles on every shirt and pants you buy, bringing you closer to the vacation of your dreams.

Chase Saphire Preferred

  • With this card you earn a bonus of 60,000 points after spending $4,000 during the first 3 months of account opening, which is equal to $750 for travel when redeemed through Chase Ultimate Rewards.
  • 2 points on travel and dining at restaurants worldwide and 1 point per dollar spent on all other purchases.
  • You get 25% more value when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards.
  • You get unlimited delivery with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash’s subscription service.
  • You earn 5X points on rides on Lyft through March 2022. That’s 3X points on top of the 2X points you already earn on rides.
Enter (Shopping) Enter (Transfers) Regular APR Annual quota credit needed
Does not apply Does not apply Variable: from 15.99% to 22.99% $95 good/excellent

With so many credit cards on the market offering incredible rewards and low interest rates, the only real reason to get the New York and Company card is to get the maximum rewards, which requires spending at least $400 a year. Otherwise, it is in your best interest to find a card that best suits your financial needs.

What people are saying about the New York and Company credit card

While many have enjoyed the savings of using their NY&C Rewards credit card, others found the rewards not very special, and a few had trouble redeeming those rewards in-store. The other big complaint most people have (and rightly so), is the high annual interest rate, which can end up leading to considerable debt if you’re not careful..

WalletHub.com Review

This credit card is fine. It doesn’t offer many benefits like other store cards, and there are rarely any promotions. Truth be told, it’s a very basic card, and free shipping is really its only convenient feature. The interest rate is also quite high compared to other cards, so you’ll want to pay it off on time each month.WalletHub.com

Viewpoints.com Review

One day at the store they convinced me to get the card, and the person helping me told me that they would give me a big discount if I applied for it. Even though I saved a lot of money on my purchase that day, I ended up losing money in the long run from interest. This card has a very high interest rate. It has many advantages, yes. For example, offer special offers and discounts. However, none of that is worth it if you don’t pay off the card in full each month. In fact, the interest rate on this card is so high that you end up paying almost double for your clothes. It’s definitely not worth it unless you can have extreme self-control with her. I wouldn’t recommend getting one of these cards unless you really want the rewards. I didn’t think it was a great credit card, so I ended up canceling mine.Viewpoints.com

ConsumerAffairs.com Review

I love this clothing store; I have no complaints. However, the credit card is a joke when it comes to the rewards program. NY&C always has some promotion or big sale, and the rewards are NEVER valid! I recently received a $40 discount coupon, no restrictions. Well guess what, I couldn’t use it!! When you call customer service, they basically can’t do anything, and neither can a supervisor. I got this TC mainly for the “rewards”, but I will never use it again, I will not even make the effort to cancel it! ConsumerAffairs.com

Is the New York and Company credit card right for you?

The modern business world may not be as focused on formal suits as it used to be, but having a good wardrobe is still a requirement for many professions. If most of your workwear comes from New York & Company, then you can spend enough each year to achieve Premier status, making the store credit card a competitive addition to your wallet. For everyone else, the limited use of the card and its rewards, plus the high interest charged on carried balances, make the New York and Company credit card a rather poor choice compared to other cards on the market..

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