Saks Fifth Avenue Credit Card

Saks Fifth Avenue Credit Card Review

This is a store rewards card issued by Capital One. If you're wondering whether Saks credit card is the right card for you, read on.

Key Takeaways

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 25.49%
• 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.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Saks credit card

The Good	The Bad
Membership in SaksFirst, our exclusive rewards program. Members earn SaksFirst points for purchases made inside Saks. Earn a $25 gift card for every 2500 points Shop exclusive previews of our collections Early access to fashion events and private sales No annual fee. Cardholders can earn rewards on their purchases. Saks Fifth Avenue Credit Card reports to multiple credit bureaus.	High interest rates. Higher than average purchase APRs. Does not offer a signup bonus. You don't earn rewards on every purchase. Does not include many credit card benefits.

Saks credit card FAQ

Does Saks credit card have a cash back or rewards program?

Saks credit card is a rewards card. This card features rewards for purchases in the following categories:

• Retail

Saks credit card Rewards

Minimum rewards rate	80x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the relevant APRs for Saks credit card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Saks Fifth Avenue Credit Card has a variable purchase APR of 25.49%. Note that late payments are subject to an APR of 26.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Saks credit card?

The following fees apply:

Saks credit card Fees

Fees	Amount
Annual Fee	$0
Returned Payment Fee	up to $25
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does Saks Fifth Avenue Credit Card report your account activity to credit bureaus?

Yes, Saks Fifth Avenue Credit Card 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 may help improve your credit.

How to apply for Saks credit card

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