TJMAXX Credit Card: 5 Eye-Opening Reasons to Reconsider

TJMAXX is a U.S.-based store where you can buy clothes, home items, and more at a discount. To enhance the customer buying experience and offer a huge discount on every purchase, TJMAXX offers a TJMAXX Credit Card or TJX Rewards® Credit Card.

TJX offers customers two types of credit cards: TJX Rewards® Credit Card and TJX Rewards® Platinum Mastercard®. We will analyze both cards based on their benefits, APR (Annual Percentage Rate), annual charges, perks, rewards, and foreign transaction fees.

Why should we think twice about choosing a TJMAXX Credit Card?

After we analyzed and compared this credit card with another credit card then I found that this credit card is not helpful for many types of card users because of its APR, cash back, perks, rewards, and other significant reasons. All points are detailed mentioned below that I discussed in the about lines.

1. High Annual Percentage Rate

Dear reader, If you carry a balance month to month then I recommend that this credit card is not suitable for you because if you do not pay full in each month then you face charges quite high Annual Percentage Rate which is more than 34.99%. So you can’t want to carry your balance.

2. One-Time Incentive- Introductory Incentive

When you pay for your first purchase online or in-store then you gain only 10% as an introductory incentive or cashback however another credit card offers more cashback on any purchases.

3. No Any Cashback

As you read in the above paragraph, this card gives you only a time incentive but after the first purchase, TJX Credit Card will not give you any types of direct cashback or incentives.

4. Low Rewards For Other Purchases

If you purchase items on T.J. Maxx or its family store (Marshalls, HomeGoods, Sierra Trading Post, and Homesense) then you earn 5 points on every $1 spent but if you purchase on any other store then you earn only 1 point for $1.

5. Rewards Redemption Issue

• You can redeem its reward only with TJMAXX and its sister store (Marshalls) or another store that is affiliated with TJ Maxx.
• You can redeem your reward when your points become 1000, I want to tell you that 1 point is equal to 1 penny and according to this 1000 points is equal to $10. So I mean to say that you can redeem your reward in more than 1000 points which is equal to $10 with the TJMAXX family stores.
• Late Payment Fee: Up to $41
• Returned Payment Fee: Up to $41

Benefits of the TJMaxx Credit Card

Now, we cover the actual benefits of the TJMaxx Credit Card–

• No Annual Fee: There are no annual fees for the use of a TJX credit card, this is the first benefit for using this card.
• High Reward Rate at TJX Stores: If you are a regular customer of TJX store or its sister stores Marshalls, HomeGoods, Sierra, and Homesense then this credit card can be suitable for you because this card gives a 5 points for the spent of $1 only in these stores.
• However, for the other stores, this card is not suitable for you because it gives only 1 point for a $1 purchase which is not good. After all, other cards like the Wells Fargo Active Cash® Card give 2% real cashback for every single purchase.
• Security and Fraud Protection: For security and fraud protection, TJX credit card is given strong protection for their customers.

Who Should Get the TJMaxx Credit Card?

This credit card can be useful for some specific types of customers which is clearly explained in the points below.

• Who lives near TJMAXX or its affiliate stores: People, who live near TJMAXX or its sister stores, this card is especially more beneficial for those people.
• People who shop a lot at TJMaxx and related stores: If you shop a lot at these stores then no doubt this card is beneficial for you but I want to tell you that you can purchase only some types of things from these stores because this is a clothes and home items stores. I mean to say that this store does not fulfill your every need for the purchasing purpose.
• Shoppers who pay their bills on time: I already told you that this card charges a high APR so if you pay your bills on time then the TJMaxx Credit Card can be more beneficial for you.

How to Apply for a TJMaxx Credit Card

You can apply for this credit card with the two steps-

• Online: You can go through the TJ Maxx official website and click the apply for the credit card and then with the help of some easy and simple methods, you can apply online for this card.
• Stores: You can also apply for this credit card with the help of these stores I want to tell you that TJX has more than 1000 stores in the United States.

Conclusion

My final word for this credit card is that if you are a regular customer of its store then its credit card is beneficial for you or if you are a fully payable person each month and careless about the rewards, and perks then you can go with this card. For the best credit card use can read our best credit card article.

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