Cost Plus World Market Mastercard Credit Card Review – Issued By Comenity Bank

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.

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
  • $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

cost plus world market review

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.

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JoAnne L. Martin
JoAnne L. Martin (@guest_356511)
February 19, 2017 03:36

This bank is HORRIBLE! They recently took over Herberger’s accounts. I have had an account with Herberger’s for over 2 years and until recently had only one problem: their website was very difficult to deal with for making payments. No problem, I just paid my account by mail. I have always paid my account in full every month and only have an account for discounts that they provide to cardholders. However, a couple of months ago my account began to be processed by Comenity Bank and then I began to have problems. My payments were due on the 27th of the month and were sent via U.S. Postal service 2 weeks prior to a Wisconsin address (I live in Wisconsin)….both the December and January payments were late….according to them. I called in December and reached a very nice lady, who listened to what I had to say and and rescinded the $27.00 late fee. The same thing happened in January payment was also late, incurring another $27.00 fee. Once again I called, however, this time I spoke with a very RUDE woman who berated me for not being punctual and informing me that since I was late 2 months in a row I was liable for both late fees. I informed her, since she was being so rude, I could just do without the harassment and they could cancel my card. She said fine, but I am still liable for the late fees. I spent the evening going through multiple comments about Comenity Bank, I would offer my experience on the subject. While my experience is minimal, compared to others experience, I feel this company is violating fair trade consumer practices and therefore would offer my experience as yet another example. I am not really interested in joining a lawsuit….would only consider it if “strength in numbers” might help one prevail, just really wanted to offer my experience as yet another one of many.

NinjaX
NinjaX (@guest_356394)
February 18, 2017 20:38

also important to note that this is from Cum Bank. there are risks associate with that.

Max
Max (@guest_356282)
February 18, 2017 13:39

So wait…its 6 months on ALL purchases between $250-500, but only on select purchases over $500. Im confused, why not make it Bed Bath and Beyond, etc for all of the purchase offers of no interest for 6+ months.

Aahz
Aahz (@guest_356292)
February 18, 2017 14:05

DoC quoted from the graphic. The footnote makes it (slightly) more clear that both the $250 & $500 no interest offers are just for the stores listed-

“*Interest will be charged to your account (at the standard variable purchase APR) from the purchase date if the purchase balance is not paid in full within the 6 or 12 month promotional period or if you make a late payment. Minimum monthly payments are required for this plan during the promotional period. Required minimum purchase of $250 for 6 months and $500 for 12 months. Cost Plus World Market Mastercard credit card accounts are offered by Comenity Capital Bank, which determines qualifications for credit and promotion eligibility. At no time will the minimum payment due be less than $30. Minimum Interest Charge is $2 per credit plan. Standard variable purchase APR of 24.49%, 18.49%, or 14.49%, based on your creditworthiness and the Prime Rate. Subject to credit approval and availability. Account must be in good standing at the time of transaction. Offer valid only for purchases made in store and online at Cost Plus World Market, Bed Bath & Beyond, buybuy BABY, Christmas Tree Shops andThat!, and Harmon Face Values.”

Skor
Skor (@guest_356239)
February 18, 2017 11:09

If the rewards were in the form of statement credits rather than reward certificate, this would have been interesting considering that BB&B sells VGCs… Unless the reward certificates apply for GC purchases which I highly doubt

Peter
Peter (@guest_356276)
February 18, 2017 13:14

Terms likely exclude gift card purchases from earning rewards. BJ’s credit card is issued by Comenity and has this exclusion (along with not earning rewards on tax and some other categories). I prefer my rewards to be earned on total transaction amount after tax versus subtotal of included categories that many store cards work off of.