There are actually two different Ann Taylor credit cards: the Ann Taylor Loft card and the Ann Taylor Loft Mastercard. Both may be used at Ann Taylor and sister store, Loft, although the Mastercard version can be used anywhere Mastercard is accepted. So, is it worth it to apply to either card if you're a fan of the stores? Here's a look at the actual benefits you can enjoy and the final word on the Ann Taylor credit card.

A Look at the Ann Taylor Credit Card

Both the store card and Mastercard version are issued by World Financial Network Bank and you can apply online or in-store. Most consumers seem to get a rather low credit limit with this card, many between $250 and $500. Your account can be accessed online or with your smartphone, although it's worth noting many cardholders report problems with the site and an inability to pay their bill online.

The "Perfect Rewards" Program

Both the Ann Taylor store card and the Mastercard version offer the rewards program called Perfect Rewards. Both cards earn 5 points for every $1 spent at Ann Taylor and Loft, while the Mastercard earns an additional 1 point for every $1 spent elsewhere. When you accumulate 2,000 points you'll earn a $20 off coupon good for a purchase at the store.

Advantages of the Ann Taylor Card

Other than the rewards program, here are some other benefits the Ann Taylor card has to offer:

  • No annual fee
  • $15 in-store purchase during the month of your birthday
  • Cardholder savings and discounts
  • Signup bonus of 1,000 points with Mastercard after 1st outside purchase (worth $10)


Downsides

Like most store credit cards, the Ann Taylor card has a host of downsides that make it not quite worth your while. The store card has an APR of 24.99%, while the Mastercard has a rate of 17.99%, 21.74% or 24.99%, depending on your credit history. While the rewards program may seem like a great option if you shop at Ann Taylor often, carrying a balance for even a month is enough to completely offset your rewards earnings. It's also important to note that many customers complain about terrible customer service and issues redeeming rewards.

Final Thoughts

If you shop at Ann Taylor a lot and don't carry a balance, this credit card can be a good choice for you with the rewards program that earns coupons for the retailer. It's also relatively easy to qualify for, so it can be a good option if you want to rebuild your credit history as you earn rewards to your favorite store. Remember, though, there are plenty of other credit cards out there that will earn you rewards everywhere, such as Chase Freedom, Capital One Cash Rewards and American Express Blue.

We want to hear from you! Have you had any experiences with this card or the customer service? Please respond below.