Spiegel Credit Card Is (Almost) Useless

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:

Spiegel cardholder benefits

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:

interest rates on 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

 
Comments
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I CAN’T EVEN GET A CATALOG

THIS IS THE BEST COMPANY IN THE WORLD IT IS A SHAME THEY FELL APART BUT AS FAR AS IM CONCERNED THEY DIDNT GET THE HELP THEY NEEDED AND EDDIEBAUER SHOULD HAVE BOUGHT THEM AS I REMEMBER SPIEGEL INC WAS ALWAYS THERE FOR EBAUER I BLAME THEM FOR SPIEGELCATALOGS FALL AND ONE DAY EDDIE BAUER WILL FALL TO

My account is being closed as well and I have used my card rather often recently. They are also closing my Newport News card as well even though Spiegal carries their clothing line now. But watch…your credit report will state your account was closed by consumer so it will look as though you closed it.

Has anyone followed up on this yet? I got the letter to saying that my Spiegel credit card would no longer be good and that my account would be closed. Have not bought anything from them in years.

They closed mine also. Like Judy, I hadn’t ordered anything since they changed/revamped their clothing. They were way too expensive, and they didn’t have bargains like in the past. I did use it to order flowers at least twice a year, and a couple weeks before I got the letter, I used it to purchase two clothing items. Guess it took me too long to order clothing! Oh, well.

My account was active and I also received a letter saying they closed my account and spiegel would not accept my card any longer but would gladly accept visa and master card and etc.

I just received a letter from Spiegel informed me they closed my account. I thought I received the letter by mistake so called. Automated service said I haven’t used my Spiegel credit card since 2009…then I remembered I stopped shopping on their site. Clothes too expensive for the quality and they got frumpier and uglier over time.

But I will call when Customer Service is open because I wonder why they closed the account and if this will show up negatively on my credit report.

This just happened to me too. Are they dumping the credit cards? Or are they closing the ones that haven’t been used in x amount of time? And I have the same question about the reflection of my credit report.

Me too! I stopped buying from them for the same reason now they are closing my account too. Hope it doesn’t ding my credit report too badly since that lowers my overall open credit amount.

You don’t even get any bonuses for buying from the Spiegel catalog?? Maybe Spiegel is aiming for the bad credit segment of the population, possibly a dubious strategy unless they figured out a way to profit from it.