[Expired] Kohl’s Rewards – Negative Changes Coming 7/22

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Kohl’s has announced that some negative changes will be introduced on July 22nd, 2019. The changes are as follows:

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aubergine
aubergine (@guest_773193)
June 21, 2019 20:42

These guys closed my card without letting me know by mail or anything. I had not shopped there in some years and they just vaporized it. Obviously….never buying anything from them again.

Celia
Celia (@guest_773236)
June 21, 2019 22:48

Not unusual for any retailer to close an account for non-use. Home Depot closed mine without any notification after about 24 months of non-use. I don’t hold it against them. If I wanted to keep it, I should have used it.

arizonapv
arizonapv (@guest_773316)
June 22, 2019 12:17

Or just apply for another one. They are easy enough to get.

Mark
Mark (@guest_773072)
June 21, 2019 14:24

I did not even know that Kohls Rewards and Y2Y Rewards were 2 different things. Y2Y Rewards used to be called Kohls Rewards, and I thought they were just going back to the old name at some point. I got one of the original cards when visiting California years ago, and it says Kohls Rewards on it. And like Celia, I earn $5 per $100 spent.

Celia
Celia (@guest_773050)
June 21, 2019 13:42

I’m not sure this will affect a lot of people. Kohl’s Rewards is pilot program that only runs in some cities (8 cities at last look) so it sounds like it’s lining up with the current Y2Y Rewards or replace the Y2Y with this. Currently, for every $100 I spend at Kohls, I get 100 Yes2You Rewards points that convert to $5. That’s 5%. So, unless you’re in one of the markets, you really won’t see a difference if I am understanding the changes correctly.

The MVC customers though lose a lot with limiting the free shipping. I don’t spend enough there to even come close to that status.

Matthew
Matthew (@guest_773066)
June 21, 2019 14:12
Vy
Vy (@guest_773048)
June 21, 2019 13:28

Kohl’s stock price has been declining steadily the past year This policy change is unfortunate but not unexpected. Perhaps store closures will follow in the years to come.

Aside from gift cards during the occasional 5% rotating quarter, I’m not seeing any special angle from shopping at Kohl’s–with or without the charge card. Aside from hardcore legit Kohl’s customers, who does this change impact the most?

Thomas
Thomas (@guest_773064)
June 21, 2019 14:08
  Vy

You know stock price does not have to correlate to company performance or outlook, right?

Ferris
Ferris (@guest_773085)
June 21, 2019 14:39

It’s by far the largest mover of the stock price, so sure it doesn’t HAVE to, but I guess somehow it’s possible to find a needle in a haystack…maybe.

A.p.
A.p. (@guest_773143)
June 21, 2019 17:14

Are you suggesting that in this case it doesn’t? This isn’t a speculative company.

Electroman
Electroman (@guest_773036)
June 21, 2019 13:07

I was one of the architects who designed Kohl’s loyalty program back in 2011/2012.
It’s so Kohls-like to do this. Le sigh.