Kohl’s Department Store is a subsidiary of Kohl Corporation (NYSE: KSS). It is the second-largest retail chain in terms of revenue after Macy’s Inc. (NYSE: M).
Kohl’s is widely known as a family-friendly store that offers quality clothing at a low cost. It has nurtured loyal shoppers following regular discount promotions. Kohl’s offers Kohl’s coupon code for up to 30% off of in-store items.
Like most other major retail chains, Kohl’s offers its own branded retail store card. This card can only be used at Kohl stores and at Kohls.com. Here’s a guide to using Kohl’s credit cards.
How Kohl’s Credit Cards Work
The thing to understand about Kohl’s Credit Cards is that it is a retail charge cards. Meaning it can only be used for Kohl’s purchases. Like most retail cards, it is issued with a store credit limit that is usually lower than the credit limit issued on a regular credit card.
The amount of credit issued depends on the credit status of the cardholder and ranges from $300 to $3,000. Though it tends to be below $1,000 for most people.
Since Kohl’s Credit Cards is a charge cards, balances are expected to be paid in full each month, but cardholders can balance if they’re willing to pay a variable percentage annually. (APR), is 24.24%, as of July 2016. The card does not charge an annual fee.
Cardholder Benefits and Benefits
Kohl’s does not have a bonus program with its card. However, it does offer a rewards program for shoppers through its Cash program and Yes2You Rewards. Kohl’s Cash allows customers to purchase credits. For instance, shoppers can earn $5 Kohl’s cash back when they spend $50 on merchandise.
Kohl’s Cash promotions are offered periodically and sometimes only to Kohl cardholders. The Yes2You Rewards program allows shoppers to earn purchase points that can be converted into store credit.
Kohl’s allows discounts and promotions to stack, which can lead to huge savings. For example, customers can combine a 30% discount coupon with Kohl’s cash on a purchase. Kohl often gives coupons like $10 for purchases of $30 or more. Can be combined with other discount programs like Kohl’s teacher discount as well as Kohl’s bonus program.
Kohl cardholders participate in all of these discounts and rewards programs just like all shoppers. However, cardholders will receive up to 12 additional storefront offers ranging from 10 to 30% off each year.
Additionally, Kohl’s gives new cardholders 25% off their first purchase, which can be combined with any other discounts. If you become the Most Valuable Customer by spending more than $600 during the year, you will get 6 discount offers.
Who Uses Kohl’s Card?
Kohl’s has nurtured shopper loyalty through discounts and shopper rewards programs that, when combined, can result in big savings. The 25% off first purchase offer, among other discounts, using the new Kohl’s Credit Cards is appealing to many shoppers. Then there’s no real benefit of having another Kohl card with 12 special discounts throughout the year.
For Kohl’s shoppers who are likely to use the discount, it may be enough to have it. For those who don’t shop at Kohl’s often, Kohl’s Credit Cards are often returned credit cards that may serve them better.
Everything you need to know about Kohl’s fee cards
Please keep in mind that the Kohl charge card product is a retail store card. Retail store cards have several disadvantages, including the fact that they are often issued as subprime credit. Which means you pay a premium price if you carry the balance. Retail store cards are issued with low credit limits, which is not necessarily a bad thing. However, if you regularly receive a $5,000 line of credit from your Kohl’s Credit Cards issuer, you may be disappointed in the credit you get from Kohl’s.
Finally, because it doesn’t offer a rewards program outside of one of its shoppers, Kohl’s card may not be in your favor. You might consider using a rewards card that allows you to earn cash in all your department stores.
Above are the notes when using Kohl’s Credit Cards. Hope this article of dailytimezone will be useful for you in your shopping process at Kohl’s