If you’re buying a new coffee-maker at Bed Bath & Beyond and the cashier asks, “Would you like a Bed, Bath and Beyond credit card application?” should you say yes?
This card has undergone some changes recently, so it may be worth another look if you’ve turned it down in the past. Let’s take a look at its pros and cons.
Payment Network: MasterCard
Annual Fee: None
Comenity does not have a great reputation for customer service. But, if you rarely need assistance, that may not matter to you.
5 percent back: Bed Bath & Beyond, Christmas Tree Shops, Cost Plus World Market, Harmon Face Values and buybuy BABY.
2 percent back: On gas and groceries
1 percent back: Anywhere MasterCard is accepted.
There is no cap on the number of points that can be earned.
Every time you earn $10 via the program, you’ll be mailed (with your billing statement) a $10 reward card that can be used at any of the aforementioned stores. You can redeem them online at some of those stores, but not all. Only BedBathandBeyond.com, buybuybaby.com, Christmastreeshops.com and worldmarket.com are eligible for online redemptions.
The points are good for 5 years from the date you earn them, assuming your Bed, Bath & Beyond MasterCard is open. If it’s closed, the points are forfeited.
Obviously these things change all the time but as a I write this it ranges from 14.24%, 18.24% or 24.24% APR, depending on your credit.
You get promotional financing for any purchase over $250 made at Bed Bath & Beyond or its affiliated stores:
- Purchases over $250: 6 months 0 percent financing.
- Purchases over $500: 12 months of 0 percent financing
Note that these special-financing deals have RETROACTIVE INTEREST. That means, if you fail to pay off the purchase in full when the deal ends, you’ll be charged interest that’s back-dated all the way to the date of purchase. In other words, even if you have just a cent remaining on the balance, you’ll be charged interest on the original purchase amount.
If you’re someone who shops frequently (and spends a lot) at these stores, this card is appealing.
One way to look at it is that every $1,000 spent at these stores = $50 in rewards. If you spend only a few hundred a year it probably isn’t worth the hassle, but if you’re someone spending 2k, 3k, or more annually then the Bed, Bath & Beyond MasterCard offers you rewards that are worth considering.
It might also appeal to someone who just bought a new home and plans to drop a few grand at Bed Bath & Beyond.
Why we gave it 4 out of 5 stars
This card was rated based on our standards for store credit cards. Note that these standards rate the card in comparison to other store credit cards — not to credit cards in general. The Bed Bath & Beyond card gets a high rating, compared to other store cards, due to its special financing and the strength of its rewards. We docked it one star because it doesn’t have any notable extra perks.
|Offers interest-free financing: This card offers special financing on purchases of more than $250.|
|Ongoing rewards/discounts: This card offers permanent bonus rewards on Bed Bath & Beyond purchases as well as on gas and groceries.|
|Fair interest terms: If your credit is good enough, you can qualify for an APR below 15%. That’s below the average store card APR (according to CreditCards.com's latest retail card survey).|
|Consumer-friendly incentives: This card falls short when it comes to “extras” that reward loyal shoppers.|
|Can be used anywhere:> This card is a MasterCard so can be used wherever MasterCard is accepted.|
Updated Dec. 14, 2016