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.

• 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.