The Drawbacks of TJ Maxx Credit Cards offer its loyal customer many benefits such as travel rewards, discount offers on select items and services, gift cards and much more. It also provides another opportunity for its loyal customers to earn reward points. To earn reward points, one has to spend money at the stores that are affiliated with the credit card issuer. Rewards are earned in various ways depending on the issuer's agreement. It can be in the form of cash or gifts or services. There are some disadvantages of using these credit cards.
Some people find it hard to use these cards because it has a limit on the number of dollar spent per month. Many people will end up spending a lot of money in a month and thus they do not earn rewards. TJ Maxx does not have a limit on the amount of spending. However, once you have reached your limit for the dollar spent each month then you will be required to pay a late fee and get charged an extra thirty days. So after you have spent $3000 in a month then you might have to spend an extra year to get another chance for earning rewards again.
Bad credit history is not the only disadvantage of using this credit card. It has a higher annual percentage rate (APR). So if you plan to use this card for larger purchases then you need to look out for other options. A low APR is better because this will help you in saving money every month and helps you build up a good credit score.
Rewards credit cards with a lower APR is better because this will help you save money over the long run. The lower APR will make your monthly payments lower. This is especially helpful for those who own a home or a big shopping mall. All these stores offer a rewards program. So by having a store card, you can be eligible for a bigger savings.
The benefits that are being offered by the capital one venture rewards credit card should be enough to lure people to apply for this card. It has low interest rates, a one time application fee, no annual fees and a zero percent APR for the first 3 months. It is also offering a twenty-four hour customer support line. Other perks that are being offered are travel miles, cash back and other benefits.
This kind of card offers a high percentage off on purchases made within the first three months. So it is more attractive than other cards because you can save more if you make purchases within the first three months of having this card. The overall rating of this card is excellent which makes it preferred by many consumers. Even the consumers who have bad credit ratings have been known to apply for the capital one venture rewards credit card since they know that they can still improve their overall rating.
Those consumers with good credit records may want to consider this card since it can help them earn rewards just like any ordinary credit card. But it is still important that you do not spend more than you can afford. You have to make sure that you will only use this in order to benefit from the benefits that it can give to its cardholders. If you do not pay your monthly bill on time, you may find yourself in debt. So it would be better if you can pay for at least the minimum payment so that you can help prevent your finances from being ruined.
Overall, TJ Maxx credit cardholders are getting high APR offs on purchases. It also offers high APR on cash advances and balance transfers. It can be considered as one of the best rewards cards available today. The only drawback is that you need to make sure that you pay for it every month.