The Cost Plus World Market credit card used to be issued by Sychrony Bank, that partnership ended in early 2016. At the time I remarked that I thought it was weird that another card issuer wasn’t picking up the portfolio/issuing new cards. There is now a new card issued by Commenity Bank, let’s take a look at this new card in this review post.
Contents
Card Basics
- Sign up bonus of:
- $25 gift card when you spend $1,000 or more in the first 6 months anywhere Mastercard is accepted outside of their stores (see 5% list below)
- Earn an additional $75 gift card when you spend $6,000 in the first 6 months anywhere Mastercard is accepted outside of their stores (see 5% list below)
- Card earns at the following rates:
- 5% back in rewards for every $1 spent at the following merchants:
- Cost Plus World Market
- Bed Bath & Beyond
- buybuy BABY
- Christmas Tree Shops andThat!
- Harmon Face Value
- 2% back in rewards for every $1 spent at gas & grocery stoes
- 1% back in rewards per $1 spent on all other purchases
- 5% back in rewards for every $1 spent at the following merchants:
- $10 in rewards = $10 reward certificate (redeemed automatically)
- No interest if paid in within full 6 months or 12 months:
- 6 Months on purchases between $250 – $500 Cost Plus World Market, Bed Bath & Beyond, buybuy BABY,
Christmas Tree Shops andThat!, and Harmon Face Values - 12 Months on purchases over $500 at Cost Plus World Market, Bed Bath & Beyond, buybuy BABY,
Christmas Tree Shops andThat!, and Harmon Face Values
- 6 Months on purchases between $250 – $500 Cost Plus World Market, Bed Bath & Beyond, buybuy BABY,
Our Verdict
Card isn’t worth considering using for anything outside of the 5% categories, due to the fact you can get at least 2% cash back on all other purchases. This also means the sign up bonus isn’t worth considering either (if you spent $6,000 on a 2% card instead of earning 1% in Cost Plus rewards you’d have $120 in cash vs $180 in Cost Plus Rewards, so this might make sense for some).
I imagine most people wouldn’t spend enough at the listed stores for 5% to be attractive, but if you do spend a lot or if this card offers targeted spending offers as well it might be worth considering. The other reason this card might be worth considering is that it is issued by Comenity Bank, so the shopping cart trick might work. If anybody does get it to work, please share your experiences in the comments below.
