Like Macy’s malls, the Macy’s bank card affords a variety of floor attraction: It provides you rewards and reductions on numerous merchandise to brighten your own home, wardrobe and life. However if you look nearer at it, the shine dims. The cardboard has an advanced rewards construction and restricted redemption choices.

Listed here are 5 issues to know in regards to the Macy’s bank card:

1. There are two card choices

There are two essential variations of the Macy’s bank card: a closed-loop card which you can solely use at Macy’s and an open-loop American Categorical card that can be utilized anyplace American Categorical is accepted. Neither card comes with an annual charge.

2. The rewards fee will depend on how a lot you spend at Macy’s

Macy’s bank cards include a tiered reward fee, that means rewards correlate to how a lot you spend on the retailer:

  • Silver: While you first open a Macy’s bank card, you obtain silver standing, which earns 2% again on Macy’s purchases. The standing applies to those that spend between $1 and $499 a 12 months on the cardboard.

  • Gold: Cardholders who spend between $500 and $1,199 are upgraded to Gold standing, which earns 3% again on Macy’s purchases.

  • Platinum: The very best degree, Platinum, earns 5% again on Macy’s purchases. You have to spend $1,200 or extra yearly at Macy’s to take care of that standing.

With the open-loop model of the Macy’s card, you additionally earn rewards on purchases exterior of Macy’s: 3% again at eating places, together with supply; 2% again at fuel stations and supermarkets; and 1% again on the whole lot else.

Word that in case you don’t have a Macy’s bank card, you possibly can be part of the loyalty program as a “Bronze” member and earn 1% again in rewards. The loyalty program comes with “Star Cash Bonus Days” on which you’ll earn rewards extra rapidly. Cardholders additionally obtain occasional “Star Passes” within the mail, which supply 25% off.

3. Your rewards might be redeemed solely at Macy’s

After you accumulate 1,000 factors in your account, you’ll obtain a $10 Star Cash reward, which you should utilize to make purchases at Macy’s both in-store or on-line. (Which means every level is value 1 cent every.) The rewards can’t be put towards reward playing cards, Macy’s Magnificence Field subscriptions or providers reminiscent of alterations.

You additionally face a restricted window to make use of the rewards: Star Cash is legitimate for less than 30 days after it’s issued. Relative to different bank card rewards packages, that may be a very quick redemption window. Factors earned with the Amazon Prime Rewards Visa Signature Card, for instance, by no means expire so long as the cardboard stays open.

4. Opening the cardboard will get you an prompt low cost

Like many retailer playing cards, the Macy’s bank card comes with a reduction if you open it: You get 20% off, as much as a complete low cost of $100, on purchases made the day you’re permitted for the cardboard, in addition to the next day. (The low cost excludes some purchases, together with Apple merchandise and reward playing cards.)

5. It comes with another perks, too

While you make purchases at Macy’s along with your Macy’s bank card, you’ll mechanically obtain free commonplace delivery with none minimal buy requirement. Some objects are excluded, although, reminiscent of furnishings, mattresses and rugs.

Additionally, yearly in your birthday, you may obtain a birthday “shock,” so long as you’ve used your card to make a purchase order at Macy’s (both in-store or on-line) within the final 12 months. Anecdotally, cardholders have reported on-line receiving $10 reductions on purchases throughout their birthday month. Nevertheless, you may need to go to a Macy’s retailer to redeem your reward.

The data associated to the Amazon Prime Rewards Visa Signature Card has been collected by NerdWallet and has not been reviewed or offered by the issuer of this card.

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