Kohl’s is a popular department store that offers a wide range of products, including clothing, shoes, jewelry, home goods, and more. If you’re a frequent Kohl’s shopper looking to maximize your savings, then the Kohl’s credit card issued by Capital One might be worth considering.
By applying for and using this credit card, you can unlock a range of benefits and rewards, including discounts, cashback rewards, and Kohl’s cash. In this article, we will explore the benefits of having a Kohl’s credit card, how to apply for one, and the usage and limitations associated with it.
We will also discuss the partnership between Kohl’s and Capital One, as well as the MVC status that cardholders can achieve. Whether you’re a seasoned Kohl’s shopper or a newcomer to the store, this article will provide you with the information you need to make an informed decision about whether a Kohl’s credit card is right for you.
Issuer and Benefits
The issuer of Kohl’s credit card is Capital One bank, which has been providing this service to Kohl’s customers since 2011. The card comes with a credit limit ranging from $300 to $3,500, which can be helpful for those who want to shop at Kohl’s regularly. The best part is that the card does not charge an annual fee, which means that customers can enjoy these benefits without worrying about additional costs.
Apart from this, Kohl’s credit card users receive around 12 discount offers throughout the year, which can help them save money while shopping. Additionally, regular shoppers at Kohl’s can earn 5% cash back rewards on selected purchases and brand categories, while Kohl’s credit card members receive 7.5% cash back rewards.
Moreover, customers using Kohl’s credit card get branded ‘Kohl’s Cash’ currency, which can be used for future purchases. Overall, Kohl’s credit card comes with several benefits that can make shopping at Kohl’s a more rewarding experience.
Discount Offers
Customers who use the branded payment method at Kohl’s can take advantage of various cash back benefits and price reductions on select merchandise categories. Kohl’s credit card users receive 12 discount offers throughout the year and a 35% discount on their first purchase.
Regular shoppers at Kohl’s also receive 5% cash back rewards on selected purchases and brand categories, while Kohl’s credit card members receive 7.5% cash back rewards. Additionally, MVC members receive around 18 discounts and promotional offers in a calendar year, and Kohl’s offers different types of price discounts on several product categories.
To further incentivize their customers, Kohl’s also offers cashback rewards for purchases made at their stores. For every $50 spent, customers receive a $10 Kohl’s cashback reward that can be used towards future purchases. Regular shoppers can also earn a reward of 5% on purchases at Kohl’s.
In addition, Kohl’s issues gift cards that can be used for shopping online and in-store, and offers shopping coupons for all shoppers and their family members from time to time. These discounts and rewards make Kohl’s credit card a good fit for regular visitors to Kohl’s who are looking to maximize their savings and get the most out of their shopping experience.
Application and Approval
Applying for a Kohl’s credit card can be done conveniently either online or in-store. Before submitting an application, customers can check their prequalification status to ensure they meet the minimum requirements. Once the application is submitted, approval is dependent on the customer’s creditworthiness and monthly income details.
Kohl’s credit card provider, Capital One, processes the applications within a few minutes. However, it is important to note that the credit limit for Kohl’s credit card ranges from $300 to $3,500, and the APR for the card is 27.49%.
While Kohl’s credit card offers various discounts and rewards, it can only be used at Kohl’s stores and online portal. Therefore, it is recommended for regular Kohl’s shoppers who can benefit from the exclusive discounts and rewards offered by the card.
Usage and Limitations
To fully utilize the benefits of the Kohl’s credit card, it is essential to understand its limitations and where it can be used. The credit card can only be used at Kohl’s stores and online portal, limiting its usefulness to regular Kohl’s shoppers.
While the card offers several discount offers and cashback rewards, it comes with some drawbacks, such as a lower credit limit and inability to use it for regular online and other payments. Additionally, the interest rate charged and credit limits are set by the card issuer, Capital One, and approval of the credit card application depends on creditworthiness and monthly income details.
Despite its limitations, the Kohl’s credit card is a branded credit card for Kohl’s customers, and regular visitors to the store can benefit from the rewards and discounts offered. Kohl’s credit card users can access the ‘My Kohl’s Card’ account to manage their credit card account and perform various tasks online.
The card also offers branded ‘Kohl’s Cash’ currency, which can be used towards future purchases. Overall, while the Kohl’s credit card may not be suitable for everyone, it can be a valuable tool for Kohl’s customers who frequently shop at the store and are looking to save money on their purchases.
Partnership and MVC Status
The partnership between Kohl’s and Capital One, the bank that issues Kohl’s credit card, has been renewed for a multi-year period. This partnership has been in place since 2011, with Capital One providing the credit services for Kohl’s credit card. The renewed partnership aims to continue providing customers with the benefits and rewards of using Kohl’s credit card. In addition, the two companies plan to launch a new co-branded credit card by March 2023, which is expected to offer even more benefits and rewards to customers.
One of the benefits of using Kohl’s credit card is the ability to achieve MVC status by meeting a certain spending threshold. MVC status, or Most Valued Customer status, is achieved by spending more than $600 in purchases through Kohl’s credit card. This status comes with several benefits, including free shipping events, exclusive discounts and offers, and a special birthday gift. Achieving MVC status is a great way for regular Kohl’s shoppers to maximize their rewards and savings.
| MVC Status Benefits |
|---|
| Free Shipping Events |
| Exclusive Discounts and Offers |
| Special Birthday Gift |
| Early Access to Sales |