LOVELOFT Mastercard Review

LOVELOFT Mastercard is a store cashback credit card issued by Comenity. 

This card is designed for people with fair credit. The minimum credit score to apply is 640. Comenity is one of the few credit card issuers that allows applicants to include a cosigner, which improves the approval chances of people with not-so-great credit. If you're wondering whether LOVELOFT Mastercard is the right card for you, read on. This is everything you need to know to make a good choice.

Pros & Cons of LOVELOFT Mastercard

The Good	The Bad
No annual fee. Cardholders can earn rewards on their purchases. Earn rewards on every purchase. LOVELOFT Mastercard reports to multiple credit bureaus. This card allows customers to build rewards points anywhere Mastercard is accepted. Cardholders receive 15% off on the first Tuesday of every month. $15 off yearly on the cardholder's birthday.	Higher than average purchase APRs. Charges a foreign transaction fee of 3%. Does not include many credit card rewards. High interest rate.

Is there a LOVELOFT Mastercard cash back or rewards program?

LOVELOFT Mastercard is a cashback card. This means you earn a percentage of your purchase as a cash reward. With LOVELOFT Mastercard you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash.

LOVELOFT Mastercard Rewards

Rewards rate (all purchases)	1%
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	$20
Signup Bonus Spend Requirement	$1
Annual Loyalty Bonus	$15

What are the LOVELOFT Mastercard benefits?

LOVELOFT Mastercard provides the following benefits:

• Zero fraud liability
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for LOVELOFT Mastercard?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. LOVELOFT Mastercard has higher than average purchase APRs.

LOVELOFT Mastercard has a variable purchase APR starting at 27.24% . The card has a variable balance transfer APR starting at 26.99% . It also has a variable cash advance APR starting at 27.24% .

LOVELOFT Mastercard Balance Transfers

Description
Balance Transfer APR	Starting at 26.99%
Introductory Rate	N/A
Intro APR period (months)	N/A

LOVELOFT Mastercard Rates & Terms

Description
Balance Computation	daily balance
Purchase APR	Starting at 27.24%
Credit Limit	N/A
Penalty APR	N/A
Cash Advance APR	Starting at 27.24%
Introductory Rate	N/A
Intro APR period (months)	N/A

What are the LOVELOFT Mastercard fees?

The following fees apply to LOVELOFT Mastercard:

LOVELOFT Mastercard Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Balance Transfer Fee	5%
Minimum Balance Transfer Fee	$10
Returned Payment Fee	up to $25
Late Payment Fee	up to $39

Does LOVELOFT Mastercard report your account activity to credit bureaus?

LOVELOFT Mastercard reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for LOVELOFT Mastercard

• Visit the LOVELOFT Mastercard website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.