J.C. Penney Company Inc. is one of the giant retailers in the U.S. based in Texas. The company holds 1008 stores scattered all over United States and Puerto Rico. They offer a variety of products ranging from apparel to home furnishing to accessories. The company has long established credit card facility in 1984 as part of their strategy to acquire more customers and keep their loyal customers. This particular JC Penny credit card is designed specifically for JC Penney retail store purchases. The card can also be used both for catalog and online purchases. Aside from this, CVS and Rite Aid Pharmacy also acknowledge this credit card.
Review of JC Penny Credit Card
The company has lots of other cards to offer to their customers however JC Penney card is the most popular of all as it is a lot more convenient to use and because of the faster approval upon application. If you are eyeing to apply for JC Penney credit card, you can visit any local branch or simply apply online. All you need to do is fill out the application form and provide the required information. It is recommended that you acquire a credit score of 528 to get a better probability of being approved, although it is not required. For most people who have been rejected they can seek the assistance of Credit Company to apply for this store credit card in order to re-establish their credit.
One of the benefits of getting this credit card is the 10% discount on all online or store purchases. Thus, if you are their loyal customer and you always shop at this store you’ll definitely take advantage of this offer. Another important thing to consider is that the card will not charge annual fee and the monthly payments are lower than some credit cards. The card also gives holders a protection from fraud and zero liability in case of unauthorized use. There are a variety of store rewards available to customers depending on the type of cards they hold.
Major Drawbacks of JC Penny Credit Card
Although it offers a lot to customers, it is vital to know that JC Penney Credit Card has its own drawbacks and one is the high interest rate charges. Having an annual percentage rate of around 23.9%, it is particularly high as compared to other big credit card names. Aside from this, you can also not use the card to purchase items outside the store with the exception of Rite Aid and CVS. Therefore, if you are looking for a more flexible card to be used in various stores, then a more suited card is best for you.
