Who can use This GAP Credit Card - Best uses 2019

The GapCard, issued by Synchrony Bank, is a store credit card with limited utility outside of the Gap brand’s family of stores. Since you earn rewards for your spending and qualify for special discounts, however, this card can be a boon for heavy shoppers who spend a lot at Gap, Banana Republic, Old Navy, or Athleta.

The best thing which I love most is the GAP Credit Card because we can earn free GAP gift card and Redeemed it in our GAP Credit Card.

Following are the people Who can use This GAP Credit Card:-

1. TRENDSETTER

2. BRAND LOYALIST

3. FAMILY SHOPPER

4. DEAL SEEKER

Since the GapCard is a store credit card that only works for purchases at Gap family stores, it’s best for someone who spends a lot of money at Gap, Banana Republic, Old Navy, or Athleta. Then again, consumers should think long and hard about what they may be giving up if they use a store credit card over a rewards credit card.

Pros

* Earn rewards for Gap stores

* Easy qualification

* Receive special discounts

Cons

* Inflexible rewards program

* Store credit card limitations

* High APR

Earn rewards for Gap stores: The GapCard lets you earn 5 points for each $1 spent at Gap family stores, which include Banana Republic, Athleta, and Old Navy. There’s no annual fee either, so you won’t have to pay for the privilege.

Easy qualification: Store credit cards are usually easier to qualify for than traditional credit cards, so this card can be an option if your credit score isn’t good enough to qualify for a rewards credit card.

Receive special discounts: The GapCard gives you 20% off and free shipping for the first purchase made with your card. You also get 10% off all Gap and Gap Factory Store purchases and access to ongoing sales and special promotions.

1. Cons Explained

Inflexible rewards program: While many rewards credit cards let you redeem points for gift cards, travel, merchandise, and more, the GapCard only lets you redeem points for Gap gift certificates.

Store credit card limitations: While the GapCard works well for purchases at Gap family brand stores, you can’t use this card anywhere else. That makes it a poor option if you want a credit card you can use for emergency purchases.

High APR: The ongoing interest rate for purchases on this card is a variable rate of 28.24%. If you’re someone who frequently carries a balance on your credit card, you should plan on forking over a lot of money in interest payments over time.

2. Earning Points & Rewards

The GapCard lets you earn rewards in their program, but the rewards scheme is lackluster. Once you have the card, you’ll earn 5 points for every $1 you spend at Gap family stores, either in-person or online.

Since it’s a store credit card, you cannot use it anywhere else—not at grocery stores, gas stations, or in other areas of your life where you may spend a lot of money each month. That means you can only earn points at Gap stores.

3. Redeeming Rewards

On the redemption side of the equation, the GapCard is, once again, narrow in scope. You earn 5 points for each $1 you spend at Gap brand family stores, and you can redeem them in increments of 500 for a $5 Gap gift certificate.

Let’s put this in perspective: For every $100 you spend at Gap stores, you’ll earn 500 points worth $5 off at Gap, Athleta, Old Navy, or the Banana Republic. That’s the equivalent of getting 5% in rewards, but you can only turn around and spend them on more purchases.

That’s a decent reward redemption value, but it’s worth considering that many rewards and cash-back credit cards let you earn an initial sign-up bonus and rewards you can redeem for gift cards, merchandise, statement credits, travel, and more.

How to Get the Most Out of This Card?

If you earn 5,000 points in the Gap rewards program within a calendar year, you can qualify for Silver status and more perks and discounts.

You’ll need to spend $1,000 with your credit card at Gap family brand stores to qualify, but if you do, you’ll receive a 20% quarterly bonus on your rewards points, a sale on a day of your choice, free shipping on online purchases with a special code, and free basic alterations on Banana Republic purchases.

You’ll also get access to special cardmember events and priority access to the rewards hotline.