Are the World Market credit card rewards really worth it?

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eye0eye
 
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Are the World Market credit card rewards really worth it?

Postby eye0eye » Mon Apr 29, 2013 7:58 pm

Out of all things I actually buy a lot of food at World Market (they have a great selection!) and I noticed they have a credit card that earns points on everything in the store.

  • 1 point/dollar spend
  • 300 points = $15 gift certificate that can redeemed at World Market stores
Would this be worth applying for? On average I probably spend $100 per month at their stores.

The signup offer is 10% off first purchase. For that reason I'm thinking maybe I should wait and apply for the World Market credit card when I make my next big furniture purposes. Don't want to waste a one-time 10% incentive on small items.


DavidNY
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Postby DavidNY » Fri May 03, 2013 10:13 pm

Aside from the one-time 10% bonus, you can do better.

Priceline Visa and Fidelity Amex offer 2% cash rewards everywhere.

ivotedale
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Postby ivotedale » Mon May 06, 2013 12:45 am

As a former employee of World Market in my retail days, I would also say you might find better deals elsewhere with non-store credit cards. Heck, when I was there it seemed like they offered at least 10% off coupons, or spend ABC and save XYZ, every couple of weeks. The Explorer program also had generous deals a few years back anyway.

But from the math you gave us, 300 pts=$15 at WM (valued at a point a dollar), that's about 5% cashback essentially, right?

It might be worth it if you truly do spend $100+/ mo there. Although I'm a low-spender myself at this point (and seldom shop there anymore), I would personally find more value with sign-up bonuses on a new credit card.

On a side note, I will say if you look hard enough, you can find most of the gourmet food items at other retailers (even Wal-Mart), for a better price.
Currently: American Express Blue Sky, American Express Zync, Chase Freedom Visa, Capital One Newcomers--->converted to Capital One Quicksilver Mastercard NO AF

pewpew
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Postby pewpew » Mon May 06, 2013 4:24 am

DavidNY wrote:Priceline Visa and Fidelity Amex offer 2% cash rewards everywhere.


Priceline has been nerfed to 1 point per dollar outside of priceline.com

https://www.pricelinevisa.com/apply/Landing.action?campaignId=1821&cellNumber=5&BCUSVANHP

I would shoot for a category bonus credit card like the BoA cash reward card or AmEx Blue Cash everyday.
Junk I use:
AmEx Platinum for Mercedes Benz from, 75k spending ability
AmEx Everyday 8.99% + Prime, 44k CL
Chase Ink Bold, 35k
Chase Freedom (Converted from WaMu VISA) from '07, 5.99% + Prime, 30k CL

Junk I don't use
BoA Susan G. Komen Cash Rewards (converted from World Points MC) from '07, 7.9% Fixed APR, 30k CL
Discover IT (Converted from Discover More) from '08, 5.74% + Prime, 20k CL
AmEx Clear from '07, 4.99% + Prime, 10k CL
All 3 credit scores are over 800.



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