Overview

If you love shopping at Ann Taylor or LOFT stores, Comenity Bank's LoveLoft Mastercard was made for you. It is a co-branded Mastercard with special benefits for shopping at Ann Taylor and LOFT. It's also a regular consumer credit card, but really doesn't offer much to attract consumers who are not Ann Taylor fans.

Who Is the LoveLoft Mastercard Card Designed For?

The LoveLoft Mastercard is available to adult consumers with fair or average credit or better. It is not targeted toward students. It is also not suitable for use as a business credit card.

Are There Annual Fees?

There are no annual fees.

Does the LoveLoft Mastercard Offer Rewards?

Comenity Bank's LoveLoft Mastercard offers a points based reward system. Receive 5 LOVELOFT rewards points for every 1 dollar spent at Ann Taylor, LOFT Outlet, Ann Taylor Factory Outlet or LOFT stores or online. Receive 1 LOVELOFT point for all other purchases. You receive a 20 dollar rewards card for every 2,000 points accumulated. The LoveLoft Mastercard also offers a birthday certificate of 15 dollars.

Are There Foreign Transaction Fees?

Foreign transactions carry a 3 percent fee, payable in US Dollars.

Are There Late Payment or other Penalty Fees?

Late payments are charged up to 38 dollars; returned payments are charged up to 25 dollars. Balance transfers, cash advances and convenience checks are charged 10 dollars or 3 percent of the total transaction, whichever is greater.

Summary

If you have fair credit and you're an Ann Taylor fan, this card can be a good option. Otherwise, there are other credit cards out there with better terms, given its high APR and skimpy rewards program. If you have good or excellent credit, there are definitely credit cards with better terms than the LoveLoft Mastercard.