The
TJX Credit Card is a good credit card for people who regularly shop at TJ Maxx and affiliated stores like Marshalls and HomeGoods. It’s worthwhile for shoppers thanks to a
$0 annual fee,
10% discount first-purchase discount, and valuable ongoing rewards.
You need a credit score of
700 or higher in order to have high odds of being approved should you decide to apply for a TJX Credit Card. You also need to pay your bill in full monthly to avoid expensive interest charges.
4 Key Things to Know About TJX Credit Cards
Could be a Mastercard or a store credit card.
There are two TJ Maxx credit cards: The TJX
Mastercard Credit Card and the
TJX Store Card. You don’t really get to choose between them, though. There’s only one application, and the card you get largely depends on your creditworthiness.
People with good or excellent credit generally get the
Mastercard, which can be used pretty much anywhere. Folks with fair credit get the store card, which is limited to the TJX family of brands (TJ Maxx, Marshalls, HomeGoods, Sierra, and Homesense).
Fortunately, it’s not a big deal either way, as the TJX Store Card has all of the TJX
Mastercard’s best features, and you’re probably getting the card mainly for TJX spending anyway. Nevertheless, you can
check your credit score for free on WalletHub to see which offer you’re likely to get approved for.
Nice initial discount.
Both TJX cards give you a
10% discount on your first purchase, which could definitely prove to be a big money-saver, even if it’s not the biggest discount available from a retailer-affiliated credit card. Some offer 15% to 20% off.
Great ongoing TJX rewards.
Both TJ Maxx cards give you 5 points per $1 spent not only at TJ Maxx, but also at Marshalls, HomeGoods, Sierra, and Homesense stores. That equates to 5% cash back, in the form of store credit.
The 1 point per $1 spent that the TJ Maxx Mastercard gives you at all other stores obviously pales in comparison. In fact, that earning rate is just below the
market average for a rewards card – reason enough to use different plastic for purchases outside the TJX family.
No good for financing.
Carrying a balance on a TJX rewards card isn’t the best idea, considering both offers charge interest at a high annual rate:
33.99% (V). That not only dwarfs the
17.67% average APR for excellent-credit credit cards, but it’s also much higher than the average among fair-credit credit cards, according to WalletHub’s latest
Credit Card Landscape Report.
Fortunately, you can avoid interest charges. You just need to pay the full balance listed on your statement each month.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
