Although their popularity has faded over the past decade or so, the Spiegel catalog still shows up in the mailbox for many Americans. Are their clothes a good price? They seem to be. Fashionable? That’s for you to decide. And their credit card? That question I can answer… it’s a total failure.
If you pull up the Spiegel credit card application online, you will the issuer list “the benefits of membership” which are as follows:
I read that not once, but twice, and am still trying to figure out how any of those things are that beneficial. Going thru them one by one…
No annual fee = big friggin’ deal.
The revolving credit is not very “convenient” considering the exorbitant interest rate you will pay if you carry a balance on your Spiegel card:
The free catalog subscription I’m dumbfounded by, because I never knew they charged for the catalog in the first place?!
The discounts and special mailings may be the only saving grace. But are the coupons really any better than what else is out there? Because a quick Google search for “Spiegel coupon codes” brings up a plethora of good deals, like – as an example – 25% off orders of $125 or more. Are the credit card coupons better than this? You tell me in the comments below.
And as a side note, know that the issuer of this card is Comenity (formally known as World Financial Network Bank/WFNNB). They’re not exactly known for offering world-class customer service.
Verdict for 2013 = a lot of fluff, a little substance
There used to be a Spiegel MasterCard which was a lot more useful, because it actually earned you rewards AND it could be anywhere MasterCard was accepted.
But when it comes to this retailer-only version they offer (which can only be used at Spiegel) there seems to be almost no incentive to get one. No rewards programs, no promotion for new accounts, nothing.
But it’s not totally useless! If your credit score sucks, approval for this card is probably quite easy. A store-only credit account like this won’t hold as much respect on your credit report as a major card, but having this is still better than having nothing.
So if you’re trying to climb out of the bad credit trenches, apply for a Spiegel card and a couple of other very easy to get credit cards. But if you already have stellar credit, I see little value in opening up one of their cards.
Written or last updated for 2013