Stein Mart Credit Card Reviews (2024)

FAQs

Stein Mart Credit Card Reviews? ›

We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Earn Rewards (Store Cards)'. To break it down further, Stein Mart Credit Card earned a score of 5.0/5 for Fees, 2.1/5 for Rewards, and 2.9/5 for Cost.

The card, issued by Synchrony Bank, earns rewards at the retailer online and in-store and everywhere that Mastercard is accepted.

Why is Stein not a credit card company's ideal customer? He pays his credit card bills off each month and doesn't pay any interest. Why do some people only pay the minimum amount rather than pay off the debt?

Department store credit cards are more risky than regular cards. It's not necessarily bad to have one, but these cards can tempt you to spend more on retail items and the interest rates are ultra-high.

To get approved for the Walmart Credit Card, you will need a credit score of 640 or above (fair credit or better). Other requirements include a monthly income that's at least $425 more than your monthly housing payment, a valid SSN or Tax ID number and a physical U.S. address.

Bankruptcy. In August 2020, Stein Mart filed for Chapter 11 bankruptcy protection due to the company being largely affected by the COVID-19 pandemic, and announced that it would permanently shutter all 279 of its remaining stores by the end of October 2020.

The company, like other retailers, cited the pandemic for its financial distress and ultimate collapse. In the agreement, REV receives Stein Mart's private-label brands, domain name and customer data. REV will use those assets to launch an online-only store in early 2021.

What is the average credit card debt in the U.S.? Based on data from the Federal Reserve Bank of New York and the U.S. Census Bureau (based on 2024 and 2023 data respectively), it can be calculated that each American household carries an average of around $8,674 in credit card debt in a year.

Visa is the largest credit card network with 368 million cards in circulation; it handled the largest purchase volume of any network at over $2.4 trillion, more than twice that of Mastercard.

Centurion® Card from American Express

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.

What happens if you get a store credit card and never use it? ›

If you open but never use a store credit card, nothing will most likely happen. However, the issuer could close your card due to inactivity. If you want to be proactive, you can call the phone number listed on the reverse of the card to cancel it yourself.

Closing a store credit card can have a negative impact on your credit score, so you may want to think about the pros and cons before taking any action. If you're on the fence about canceling your store credit card, the following questions may help you decide what your next step should be.

To get approved for this card, you'll need to have a good credit score of at least 670, though having a higher one certainly won't hurt your chances. Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it.

Here are the Target Credit Card requirements for approval:

Minimum credit score: 640+ (at least fair credit) Age requirement: 18 years old. Income requirement: Enough to afford monthly payments (wages, investments, etc.)

This means that the Capital One Walmart Rewards® Mastercard®* likely requires at least good credit, which FICO typically defines as a credit score of 670 and above.

The card only works at Synchrony's partner stores

But despite those thousands of Synchrony Home partners, this credit card isn't a true "open-loop" card that can be used anywhere the card's payment network is accepted. Other cards are better equipped for everyday spending.

Whether a credit card is accepted at a particular merchant depends on the payment network it belongs to. The good news is that the four major payment networks—Visa, Mastercard, Discover, and American Express—are widely accepted everywhere in the United States.

No, you cannot use your Talbots Credit Card everywhere you want. The card is not backed by any major credit card network, and can only be used for purchases at Talbots stores and online at talbots.com.

The Macy's Credit Card is a store card, which means you can only use it at Macy's properties. If you prefer a full-use credit card to use on spending outside of Macy's, there is a Macy's American Express Card, which offers 1% to 3% back on purchases at gas stations, supermarkets, restaurants and more.