Marshalls Credit Card Review
Thinking about their credit card? Well it actually crossed my mind today when I was shopping there and spent way more than I wanted to! But here’s some important info you will want to know before you submit your Marshalls credit card application.
There are actually TWO different cards they offer:
TJX Rewards Credit Card
This is there basic store card. The reason it’s called TJX instead of a Marshall’s credit card is because TJX is the name of the parent company that owns them.
- Can only be used for purchases at Marshalls and affiliated stores (T.J. Maxx, AJWright, HomeGoods)
- 5 points per dollar spent at Marshalls and affiliated stores
- $10 rewards certificate for every 1,000 points (so that’s the equivalent of 5% rewards)
- Has a pretty high APR – 21.99% at the time of this review
TJX Rewards MasterCard
Those with qualifying credit are given the TJX Rewards MasterCard instead of the basic Marshalls card.
- Can be used at Marshalls and wherever MasterCard is accepted
- 5 points per dollar spent at Marshalls and affiliated stores
- 1 point per dollar spent everywhere else
- $10 certificate per 1,000 points (so that’s like getting 5% at Marshalls and 1% on purchases elsewhere)
- At the time of this credit card review the APR runs between 12.24% and 19.24% depending on your credit score.
What are others saying?
TJX and data for 45.7 million card accounts stolen?!
There has been some bad press related to Marshalls credit card accounts. In the not so distant past, TJX’s reportedly inadequate computer security was responsible for what was said to be the biggest consumer information breach in all of history – account information for at least 45.7 million credit and debit cards used at Marshalls and their affiliated stores was reportedly stolen by hackers. This has gotten many consumer advocates riled up as to whether the company can even be trusted with issuing their own credit cards.
What we think about the card?
The TJX card appears to actually be a decent card for being issued by a department store. The 5% rewards at their stores is a nice amount and I haven’t came across many negative credit card reviews by customers for the Marshalls card. So if shop at this department store a lot and want to apply for Marshalls credit card (MasterCard version) then go ahead because it’s not a bad card. However we do advise against the store-only version due to its unfavorable terms.
What’s the best credit card for buying clothes? (sponsored)
Without a doubt the best credit card on the market for buying clothes and shopping at department stores (like Marshalls) is offered through Discover. They have a card that gives a 5% cash back bonus at all apparel stores and department stores (including Marshalls). What makes this Discover so much better than the Marshalls credit card is that you can get up to 5% at other places, too. To learn more and for a special cash bonus check out my Discover More review
I cannot wait to never use this card again…got notice after 4/30/12 rate to 26.99%…really?
This is the WORST credit card. Stay away. They raised their rate from 15.24 to 26.99 according to the representative to keep their business going. Sounds like a mafia thug. Chase had this card until last year. I sent my payment of $1000 to Chase and had to wait for 6 weeks and multiple frustrating phone calls to get company to figure it out. Tjx you have lost my business!
Addicted to shopping at Marshalls. Will intentionally leave card at home, but go for it after putting items on hold.
This is the worst card ever. Was told that I could make payments in the store but once I tried we know that was a big joke. I’m paying it off tonight once I finish writing this.
I had the old tjx card…. HUGE disappointment! I used it ONCE, paid off the entire balance and all was well for maybe 2-3 months. I got monthly statements with $0.00, so after a while (and not having used the card for any purchases) I noticed my credit score went down…. turns out they started charging me $1.11 a month for…… ??? In the fine print it never said there would be any charges nor a yearly rate/charge. I have NEVER not paid a charge- I had 100% on time payments on ALL my cards. I had read and heard that if a credit card co starts to charge you annual fees or other weird things- so I closed it, not knowing that also screwed up my score even more!
I got cajoled into getting this NEW tjx card, the guy assured me it was a new company and everything was great and everyone was so happy with it. When I go to pay online it says the transaction was not completed, but then it says on my bank statement that the transaction did indeed go through. I don’t know- jury is still out.
They did give me a ridiculous limit and a 24.99 APR, despite my credit being 750…. so don’t trust the 12-18% thing above. I also thought I was signing up for a store card only, but ended up with a mastercard. Oh well.
Everyone should go to creditkarma.com, it’s free and it really helps you stay on top of your credit, I can not recommend their site enough. It alerts you when there is ANY change to your score and it doesn’t AFFECT your score- kinda like a free credit report as often as you want. Other places charge you! I’m wanting to buy a house one of these days so understanding credit and how it works is essential to me as is keeping a good score-
I would like sign up for a Marshalls credit card I think.
Shop at the Marshalls store a lot but have never gotten their credit card. Don’t know if I want another card.