If you love shopping at Ann Taylor or LOFT stores, the Comenity Bank – Love Loft 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 Comenity bank – Love Loft MasterCard Card Designed For?
The Comenity Bank – Love Loft 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 Comenity Bank – Love Loft MasterCard Offer Rewards?
The Comenity Bank – Love Loft 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, 1 LOVELOFT point for all other purchases. You can earn a 20 dollar rewards card for every 2,000 points accumulated. The Comenity Bank – Love Loft MasterCard also offers 10 dollars off on the first Tuesday of every month at LOFT and LOFT.com and 15 dollars off any single in-store purchase during your birthday month.
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 35 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.
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 Comenity Bank – Love Loft MasterCard.