Edward Jones Credit Card is a Store Credit Cards.
Edward Jones Credit Card is designed to balance operators or those who want to transfer a balance from existing cards.It has a very low variable rate of 12.99%, and you get a reward point for every dollar you spend. If you spend $1,000 in the first 90 days after opening your account, you can also enjoy the welcome service of 10,000 bonus points. But one of the greatest advantages of this card is that it transfers the balance of 10% annual interest rate for 12 months, and there is no transfer fee for the first 30 days after opening the account. Edward Jones credit cards are for those who want to increase their retirement savings, but they find it difficult to find a good choice (or motivation) for cash to save. It's similar to one of the bank accounts, sending the nearest dollar to your transaction and turning it into a savings account. You will accumulate incentives a little at a time, but it can add up to a certain amount of money over time.The combination of these two features makes
Earn 1.5 Loyalty Points on eligible net $1 spent up to $20,000 in annual spend and 2 Loyalty Points on eligible net $1 spent over $20,000 during each 12-month cycle.Redeem for rich rewards from Edward Jones Loyalty Invest™ and cash back (statement credit) to travel awards, gift cards and charitable donations.
Edward Jones Credit Card
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| Sing-Up Bonus | No |
| Annual fee | $0 |
| Benefits | |
| $100 Loyalty Invest™ Deposit! | √ |
| $100 after you spend $500 in eligible net purchases on your card within 90 days of opening your acco | √ |
| Spend Analysis | √ |
The only difference between store credit cards and regular credit cards is that store credit cards are branded and associated with a specific retailer and its rewards program. Store credit cards offer in-store discounts, allow cardholders to earn and redeem points when making purchases.
There are two basic types of retail store credit card:
Open-loop cards: These cards with a Visa, MasterCard or American Express logo in the bottom-right, can be used anywhere.
Closed-loop cards: These cards without a Visa, MasterCard or American Express logo only can be used at their co-branded stores, online stores or affiliates.
For example, there are three types of Best buy credit cards, My Best Buy Credit Card, My Best Buy Visa Platinum Credit Card and My Best Buy Visa Card. My Best Buy Credit Card is a closed-loop card, so you can only use it at Best Buy. My Best Buy Visa Platinum Credit Card and My Best Buy Visa Card are open-loop cards, you can use them anywhere that Visa is accepted.
Because of store credit cards’ high interest rates and low credit limits, they are easy to get with fair or poor credit. If you can use it responsibly, this is an opportunity to build up your score.
Many great store rewards cards don’t have an annual fee.
Store rewards cards have different rewards programs which are great ways to save money, especially you are a frequent customer of that shop. For example, My Best Buy Credit Card offers as much as 5% cash back.
Many store reward cards attract new customers with a sign-up bonus. What’s more, some store reward cards offer extra benefits, such as discounts, free shipping, a birthday gift and extended return policies.
This means that you have the risk of going over your credit limits.
Most store credit cards’ interest rates are higher than the industry average (17%).
Many store credit cards can only be used at their store or online shop. But some store credit cards can be used anywhere like normal credit cards, such as Amazon Prime Rewards Visa Signature Credit Card.
Some store credit cards are not issued by major cards issuers, so the quality of customer service is difficult to guarantee.
Banks approve much lower credit scores for store cards. Therefore, applying a store card is an ideal way for someone with a fair or poor credit score to rebuild his or her credit.
You can apply for a store credit card online, in-store or by email depending on the card. And you just need to fill in your personal information and submit your application. The credit card issuer will consider your credit reports and several different factors when reviewing your application to get an idea of your creditworthiness.
About three-quarters of Americans have at least one credit card,In fact, the average person has 3.4 cards. But whether you have a wallet full of plastic or have never charged a purchase in your life, you should know how to apply for a credit card the right way when the time comes. getting approved for a credit card requires proactive planning that should start long before you apply. That's why Cards-Offer born, we aim to help you to find the right credit card, and then successfully apply a credit card.
Credit card applications are straightforward, but you'll need to meet some minimum financial requirements to get approved for the best credit card offers. Learn how to apply for a credit online and what to expect after you click submit.
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The credit score is a three-digit number relating to your credit worthiness. Banks or issuers use it to determine if they will approve you for a credit card. In Cards-offer, credit score ranges can be roughly equated to levels of credit, from limited credit to excellent credit.
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Credit Score |
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Excellent Credit |
750 — 850 |
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Good Credit |
700 — 749 |
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Fair Credit |
640 — 699 |
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Bad Credit |
300 — 639 |
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Limited Credit |
Less than 3 years of credit history |
Applying for a credit card designed for people in the score range above does not guarantee you will be approved. Many other factors will go into credit card approval decisions.
