If you find yourself consistently shopping for shampoos, body lotions, fragrance mists and scented soaps then you may want to consider getting a Bath and Body Works credit card. A Bath and Body Works credit card is a great way to get bonuses and discounts every time that you use it at one of their stores. However, like any credit card, there are a few things to keep in mind before signing up.
Bath and Body Works Credit Card Basics
Here’s how a credit card at Bath and Body Works works (yes, I just put two “works” in a row!).
First, you should evaluate your current financial situation to see if you have room for a new credit card. If you have a lot of debt or feel that you can’t afford to buy a lot of items at Bath and Body Works, you may want to reconsider the decision to get this credit card. On the other hand, if you have excellent credit and want to earn rewards and special discounts, then this credit card may be for you. Like any important financial decision be sure to check in with a financial adviser before signing up for a Bath and Body Works credit card.
Next, you go to your nearest location and fill out a Bath and Body Works credit card application. Depending on your credit history, you will be accepted or declined. Also, your credit history will determine your credit limit on the card. Generally, those with good or excellent credit get a higher credit limit than those with poor credit. In my personal experience the credit limit of Bath and Body Works credit cards starts at $500 and goes all the way to $15,000.
Like any credit card, you can use your special Bath and Body card at any store (not just at Bath & Body Works). The card starts at a 14% APY (annual percentage yield), which is how much interest you will pay if you don’t pay off your balance at the end of the month. Unlike many card today, the Bath and Body Works credit card doesn’t have a low APY introductory rate. But as you’ll see what it lacks in APY it makes up for with bonuses.
A quick side note: If you always pay off your balance at the end of the month you don’t even need to worry about APY. The credit card company only begins to charge interest if you have a remaining balance from the previous month. So my little piece of unsolicited advice is to pay off your credit card at the end of every month no matter what! If you sign up for payments to be automatically deducted from your account, you can make the payments happen without having to do anything.
If approved, you can actually use the credit card the same day that you sign up. Not only that, but you may be in for some big savings as well.
Bath and Body Works Credit Card Bonuses
Some stores offer a discount of 10% on any purchases you make during the first 48-hours of getting the Bath and Body Works credit card. Let’s say that you want to buy $400 worth of stuff at your local Bath and Body Works (either for a major splurge or for Christmas shopping). With this discount you would only have to pay $360, a significant savings!
Also, when you use a Bath and Body Works credit card, you earn points that can be redeemed for all sorts of things, including Bath and Body Works gift card, gas cards, cash rebates and more. You earn these points no matter where you use the card, but you earn significantly more when you use the card at Bath and Body Works locations.
I’ve become a big fan of my Bath and Body Works credit card and I hope you become one too!