I’ve been shopping at The Buckle ever since high school – I like the styles and brands they carry and the prices are usually pretty good. Because I shop there so much, I decided to take a closer look at the Buckle card to see if it would make sense. Here’s my updated review for 2013…
If you ever carry a balance, even if it’s just for a short amount of time, the Buckle credit card is not what you want to be using. As of Jan. 2011 (the time of writing this) the APR on this baby was a whopping 24.99%… ouch! So if you’re the type of person that doesn’t always pay in full, stay away this thing is dangerous!
This is why I was interested in the credit card from Buckle in the first place. If you’re going to spend money, you might as well earn credit card rewards for doing so, am I right?
Here’s a lowdown on the Buckle card rewards program:
- Every 4 months is a different “B Rewards” period.
- For every $300 charged during a given “B Rewards” period, you get $10 to use towards a future purchase.
They really pull a trick by making the rewards expire quickly after being issued:
So if you don’t use them during this short period of time, they become worthless. Really sneaky of them.
Classic vs. Black?
Everyone starts off with the “Classic” Buckle credit card. The website states there’s a minimum credit limit of $250.
The “Black” version of the Buckle card is given after $500+ is spent annually on the “Classic” card. To maintain this level you need to keep spending at least $500 annually.
The extra benefits on the Black version are free shipping on domestic orders and 100 bonus points if a purchase is made during the month of the cardholder’s birthday. Sorry, but if you were expecting benefits of a concierge service and a private jet charter, you will need to turn to the real black credit card from AmEx 😉
Is It Worth It?
After reviewing the application, I was pretty disappointed with the Buckle credit card and here’s why…
- $10 in rewards for $300 in spending only equals a 3.33% rebate. That’s not very good considering there are major credit cards out there which give up to 5% at all clothing stores.
- The birthday bonus on the black version isn’t very exciting. If 300 points = $10 rewards, then 100 bonus points = $3.33 in value.
- What happens to spending that’s more or less than $300? Like if I spend $500 during a 4 month “B Rewards” period, will the other $200 carry over to the next period? I might be wrong, but unfortunately I see nothing on their website which suggests that it would be carried over.
- The interest rate is ridiculous.