Bloomingdale’s Credit Card Review: Is It a Good Value?

Bloomingdale’s Credit Card Review: Is It a Good Value?

Credit Cards
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Advertiser Disclosure: Some of the card offers that appear on this website are from companies which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products.

Disclaimer: The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone. For a full list of our advertisers, see our disclosure page.

Opinions, analyses, reviews, or recommendations expressed here are the author’s alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer’s Affiliate Program. For a full list of our advertisers see our disclosure page.

Contents

Bloomingdale’s offers five different rewards cards, of which we would only recommend two – the Bloomindale’s Card at the Top of the List and the Bloomingdale’s American Express Card at the Top of the List – as noteworthy. On the whole, Bloomingdale’s doesn’t offer as many exclusive perks as we see from other luxury department stores' credit cards. Taking advantage of the two top cards’ benefits and features can result in some great rewards, all of which can be redeemed in the form of more Bloomingdale’s purchases!

Features we like best about the Bloomingdale’s Credit Cards:

  • Good savings starts at lower thresholds than other department store cards ($3,500)
  • Triple Point Days
  • No Annual Fee

Things we wish the Bloomingdale’s Credit Cards did better:

  • Awful APR – higher than some other department store cards we’ve seen - and bad news for people who carry balances
  • Low point value/rewards rate compared to some other department store cards
  • 75% of unused rewards points expire December 31st of each year

Review: Is the Bloomingdales Credit Card Worth It?

If you are interested in opening a line of credit at Bloomingdale’s, we recommend applying for the Bloomingdale's Loyallist American Express credit card. The Bloomingdale’s Store Credit Card, aside from its increase in points per dollar over the regular Loyallist card, does not offer anything spectacular for a consumer since it can only be used in the store. If your credit is good enough, the Bloomingdale's Amex card gives you the best value by matching the non-Amex version point-for-point - and on top of that, you can use the card for purchases outside of Bloomigdale's! If you are not interested in a line of credit or are worried about being able to pay off your credit balances, we recommend sticking with the non-credit card variant of the Loyallist card. Note that this last option will not earn you great rewards (only about 0.5% on all spending).

The two Bloomingdale's cards we like reach peak value when your in-store spending is at a minimum of $3,500 annually. After you reach this amount of spending within a year on the Bloomingdale’s Store Credit Card, you are automatically upgraded to Bloomingdale’s Top of the List Store Credit Card. This applies to both Amex and non-Amex versions of the card. These Top of the List credit cards increase the rate of rewards point accumulation, increasing the total value you get out of using these cards. Being a Top of the List cardholder also makes you eligible to participate in “Triple Point Days”, which are days on which you earn extra rewards points. This is by far the best feature on the the Bloomingdale’s cards. All cardmembers are entitled to 1 Triple Point day per year.

As with most department store credit cards, the two Bloomingdale’s credit cards have an atrocious APR – 24.5%. If you cannot pay off your balance completely at the end of each billing cycle, we recommend you steer clear of these credit cards.

Bloomingdale’s Credit Card Rewards & Features

The first day you open your card account, you are also presented with a 15% discount, as a welcome bonus. This discount applies only to purchases of up to $250. Which Bloomingdales credit card should you open? The table below explains the differences.

Spending Category Loyallist  Non-Amex Card Amex Non-Amex at the Top of the List Amex Card at the Top of the List
Bloomingdales 1 3 3 4 4
Cosmetics, Fragrances, & Shoes 2 6 6 8 8
Restaurants - - 4 - 4
All other purchases - - 2 2

With the standard Loyallist store card, shoppers receive 2 points per $1 spent on cosmetics, fragrances, and shoes purchased at either Bloomingdale’s or bloomingdales.com. All other purchases will net you 1 point per $1.

If you opt for the Bloomingdale’s non-Amex store card, you will earn more points per dollar, as well as receive some added perks. The points increase on this card to 3 points per $1 on in-store and online purchases, 6 points per dollar on all cosmetics, fragrances, shoes purchased at the store or on their website. You also receive a gift card for a free entrée or non-alcoholic beverage for every $100 spent at a Bloomingdale’s restaurant (though the order may not exceed $19).

With the Bloomingdale’s American Express credit card you can earn the same number of Loyallist points on in-store purchases, as with the regular version of the card. Additionally, you can use the card outside of Bloomingdale’s. This way, you 4 points per $1 spent on all restaurant purchases, and 2 points per $1 with everything else.

Top of the List Status: Once you reach $3,500 in spending within a cardmember year, the benefits of the Top of the List Program will kick in. These include all previously mentioned Loyallist benefits as well as 4 points per dollar for in-store or online purchases, 8 points for cosmetics and fragrances, 8 points for any pair of shoes (when purchased online). The upgraded cards also give you free delivery (of up to $28) for all in-store purchases to a U.S. address, unlimited complimentary gift-wrapping services, and triple point days of your choice (this must be set up with a customer service representative at least one day in advance before shopping). There are no differences in Top of the List perks between the Amex and store-only versions of the credit card. The points you receive from shopping outside of Bloomingdales are not affected by this status.

What are Loyallist Points Worth?

We value Loyallist points to be worth $0.005 each. All the Loyallist points you earn can only be redeemed for Bloomingdale’s gift cards. You need a minimum of 5,000 points to redeem for a $25 gift card. $25 / 5,000 points = $0.005 per point! It’s as simple as that. If you are uninterested in earning rewards in the form of more Bloomingdale’s purchases, we suggest you look towards other credit cards that can offer you a broader range of rewards and redemption options.

It is important to keep in mind that annually on December 31st, 75% of any remaining rewards account value will be forfeited. This goes for all Bloomingdales credit cards.

Other Bloomingdale’s Credit Card Perks

None of the Bloomingdale’s cards have any tiers of spending - only point accumulation, which is great news for those who don’t want to spend thousands of dollars before they see savings. 

As long as you spend at least $3,500 per year at Bloomingdale’s – which comes out to an average of just $292 per month – you will enroll in one of the card’s best features: Triple Point Days. Top of the List cardholders can schedule specific days out of the year, during which they will earn triple the points they would normally earn, for all purchases made at Bloomingdale’s. When planned in advance and thought out, you can really rack up the points here for your benefit. Shopping on Triple Point Days can earn you rewards rates of up to 12% by our calculations.

Bloomingdales Store Credit Card vs Bloomingdale’s American Express Credit Card

All in all, the Bloomingdale’s American Express cards offers more benefits than just the store credit cards/Loyallist program alone because you can earn points on everyday spending to redeem at Bloomingdale’s. This is consistent with other store cards versus credit cards at department stores across the board. A downside to both cards is that the APR is higher on both than most store cards, at 24.5%, and much higher than the average credit card interest rate.

The Bloomingdale’s AMEX gives cardholders access to premium travel services such as access to the lowest airfare rates, up to 20% off already discounted hotel rates, competitive car rental rates, special cruise fares and credits, and $100 off qualifying vacation packages.

The main reason behind the other Bloomingdale's cards being inferior is that they cannot earn you any rewards on purchases outside of the store. While we recommend not using the card in this way (due to the significantly lower rewards rate), it does give it extra utility in case you ever find yourself needing credit when shopping elsewhere.

The lowest-earning rewards card from Bloomingdale's is the basic non-credit Loyallist card, which is a simple loyalty program that gets shoppers between 1 and 2 points per $1 spent. This translates to a rewards rate of just 0.5% to 1%, which is much lower compared to what the other Bloomingdale's credit cards, or other credit cards can provide you. However, for those who cannot qualify for a line of credit, it is still better to earn some rewards points, than not - especially if you are already making purchases at Bloomingdale's.

Bottom Line: What do we think of the Bloomingdales Credit Cards?

If you're a frequent Bloomingdale's customer, who already spends over $3,500 at the store per year, there's no reason why you shouldn't get this card. We recommend going with the American Express version, as it will be of more use to you, if you ever need a line of credit outside of Bloomingdale's. If you are unsure of whether you'd be able to pay off the purchases you make with your credit card, then opt for the non-credit rewards card - this way you can still earn rewards points with Bloomingdale's, without paying ridiculously high interest rates.

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Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program. 

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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.