LOVELOFT Mastercard Review

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

Key takeaways:

• Generous reward rate. You will get a a rewards rate of 5 points per dollar spent.
• Earn 1 point for every dollar spent on everyday purchases. Terms and conditions apply.
• Signup bonus. Offers a signup bonus of $20 if you spend $1.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 24.99%
• No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. LOVELOFT Mastercard charges a fee of up to 5% on balance transfers. For example, a balance of $1,000 could cost up to $50 in transfer fees. The minimum fee is $10.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Accepts cosigners. Comenity is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
• Fair or better credit required. You stand a chance of qualifying if your credit score is not below 640.

LOVELOFT Mastercard Pros and Cons:

The Good	The Bad
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. No annual fee. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. LOVELOFT Mastercard reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.	High interest rate. Higher than average purchase APRs. Charges a foreign transaction fee of 3%. Charges a 5% balance transfer fee. Does not include many credit card rewards.

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. However, you can earn up to 5% for purchases in a bonus category.

LOVELOFT Mastercard Rewards

Rewards rate (all purchases)	1%
Max rewards rate	5%
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 of 24.99%. The card has a variable balance transfer APR of 26.99% . It also has a variable cash advance APR of 24.99% .

What are the fees for LOVELOFT Mastercard?

The following fees apply to LOVELOFT Mastercard:

LOVELOFT Mastercard Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $25
Late Payment Fee	up to $40

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.