Kohl’s Card Review

The Kohl’s Card is a retail credit card that can only be used in-store and online at Kohl’s. Find out if it’s a valuable card for you.

Card summary

If you’re a loyal and frequent Kohl’s shopper, the Kohl’s card can benefit you. You’ll get 35% off your first purchase as a cardholder, and you’ll get exclusive discounts throughout the year. Plus, there’s no annual fee. You can maximize the card by combining it with Kohl’s Cash.

⭐⭐⭐ Rating: 3

Ratings and opinions are of More Money More Choices editors. It’s not influenced or endorsed by any card issuer or financial institution.

Terms, rates, and fees

Important information about the Kohl’s Card terms, rates and fees are as follows:

• APR for purchases: 25.99%
• Annual fee: $0
• Late payment fee: Up to $40.
• Returned payment fee: Up to $40.
• Card issuer: Capital One.

It’s sometimes referred to as the Kohl’s Charge Card. While the term charge card is used to describe a card that doesn’t allow you to carry a balance, it’s important to note that it’s just a part of the name.

With the Kohl’s Card, you can carry a balance like a normal credit card. Due to the high APR, it’s better to pay the full amount that you owe.

Key benefits

The Kohl’s Card is for you if you pay your balance in full and shop at Kohl’s frequently. It doesn’t cost you anything to have the card, and by paying your full balance, you don’t have to worry about the high-interest rate.

There are several benefits to having this card. One of the main benefits is the large 35% discount that you get for your first purchase as a new cardholder.

Besides the introductory discount, you’ll receive ongoing exclusive discounts and coupons that range from 15% to 30%. Chances are, you won’t have to pay full price ever again.

One of the most valuable benefits is to combine the card with Kohl’s Cash and Rewards. The rewards program was formerly called Yes2You.

While you don’t have to be a cardholder to earn rewards, it complements the card well. You earn 5% Kohl’s Rewards on every purchase. Plus, you can earn $10 Kohl’s Cash for every $50 you spend during a promotion period.

When you combine all of the discounts and rewards, it adds up to be significant.

If you’re a bigger spender, you can become a Most Valued Customer (MVC). The requirement is to spend $600 by the end of the year. It’ll give you additional offers and monthly free shipping events.

Aside from the discounts and perks, the card is relatively easy to get. It requires fair credit or better, which is 580 or higher, according to Experian.

Drawbacks

If you’re going after discounts and rewards, it’s a great store credit card. It’s not without downsides, though.

The main drawback is that you can only use the card at Kohl’s. If you shop at Kohl’s a few times a year or less, you may not find much value in it. If that’s the case, consider other credit cards because you’ll get more use out of other cards.

Another downside of the card is the APR. If you don’t pay your full balance, you’re going to pay more than 20% in interest.

Frequently asked questions

Conclusion

The Kohl’s Card is ideal if you’re a frequent Kohl’s shopper that wants to add a store credit card to your credit report. You can get discounts and maximize your shopping at Kohl’s. If you’re not a loyal shopper, other credit cards are better because they’ll have more flexibility and rewards.

Additional resources:

• Money Market vs. Savings Accounts
• How a credit card balance transfer works
• Capital One Venture credit card review

Featured image courtesy of Kohl’s.