Believe it or not, a lot of readers have asked me to write up the Victoria’s Secret credit card. And by “a lot of readers” I mean “Elaine in the comments last week.” So here you go, Elaine! Let’s take a look at the features, and please keep in mind that this is a store card valid only at Victoria’s Secret, not a Visa/MasterCard/Amex.
Sign-up bonus: The Victoria’s Secret credit card gives you $15 off your next purchase. $15 is less than the $500 rewards that major credit card issuers frequently offer for their products, so the pink credit card is not a winner on this count.
Rewards: The Victoria’s Secret credit card offers different tiers based on your spending on it. You can see full details here. For both the Angel Card and the Angel VIP card (which you get by reaching $500 in spend), you get $10 for every $250 spent. For the Angel Forever card ($1,000 spent) you get $15 for every $250 spent. That works out to a rate of 4% or 6% in the highest tier.
But wait, there’s more: during your cardmember anniversary month, you get triple points! So that boosts this card to 12%/18%. AND you also get double points on all bra purchases. Does that get multiplied with the triple points bonus and bring the rewards to 24/36%? And does Victoria’s secret sell prepaid Visa gift cards? I don’t know, though I’m pretty sure the answer to the second question is “No.”
It looks like there are other triple point promotions as well, and the fine print on that one says, “Triple points offer cannot be combined with additional bonus reward point promotions.”
Annual Gifts: Certain retail cards give you a bonus every year on your birthday. This one gives you a $10 reward.
The Shopping Cart Trick Factor: Since this is a Comenity retail card, you should be able to take advantage of the shopping cart trick to get it without a hard pull.
Interest Rate: Really high. Please don’t carry a balance.
The Bottom Line: If you spend lots of money at Victoria’s Secret, the Victoria’s Secret credit card is probably a pretty good card to have. Otherwise, not so much.