MANAGING BUSINESS OPERATIONS

Best Branded Credit/Debit Cards: How to Get and Benefits

AT&T offers AT&T Access Card in partnership with Citi, Verizon Visa Card is offered in partnership with Synchrony, T-Mobile MasterCard debit card is offered in partnership with BankMobile. Academy Sports + Outdoors and Neiman Marcus are two medium-sized retailers that offer branded credit cards. Academy Sports + Outdoors Credit Card is provided in partnership with Comenity Capital Bank and Neiman Marcus Credit Card is provided in partnership with Capital One.

AT&T

  • AT&T offers AT&T Access Card in partnership with Citi.
  • Customers can earn ThankYou Point rates on AT&T, online retailer and travel purchases.
  • The annual APR for purchases is 13.99% to 22.99% based on creditworthiness and also applies to balance transfers and Citi Flex Plan.
  • The standard variable APR for cash advances is 25.24%; the variable penalty APR is up to 29.99% and may be applied if customers make a late payment or make a payment that is returned.
  • There’s a 3% or $0.50 foreign transaction fee, $5 or 3% of the amount of each transfer for balance transfer and $10 or 5% of the amount of each cash advance.
  • There is no annual fee for the AT&T Access Card.
  • Late payments and return payments can incur penalty fees up to $40.

Benefits

  • New cardholders can earn $100 statement credit after spending $250 in AT&T products and services within three months of account opening. If customers spend $1,000 within the first three months, they earn 15,000 bonus ThankYou points.
  • Three ThankYou Points can be earned every $1 spent on products and services purchased directly from AT&T until 31 December 2021; thereafter, earn 2 points for every $1 spent.\74
  • Customers can also earn 2 ThankYou Points for every $1 spent on eligible retail stores and travel websites.
  • 1 ThankYou Point is offered for each $1 spent on other purchases and payments like “medical services, insurance, taxes and government services, real estate, real estate rentals, purchases or reloading of prepaid or gift cards, education, charities and utilities.”
  • Bonus ThankYou Points can be redeemed for $150 in gift cards from various retailers.

How To Get The Card

Verizon

  • Verizon recently launched its co-branded card, Verizon Visa Card in partnership with Synchrony.
  • Verizon Dollars is the rewards’ currency used by the card, it is earned upon using the card anywhere it’s accepted.
  • The Verizon Dollars can be used to redeem all Verizon products and services like new 5G devices, accessories and even monthly Verizon Wireless bill.
  • The card can be added to customers’ mobile wallet for digital, contactless-use.
  • For new accounts, variable purchase APRs are 21.74% or 25.74% for the Verizon Visa Credit Card or 18.74%, 21.74% or 25.74% for the Verizon Visa Signature Credit Card.
  • There’s no annual fee and no foreign transaction fees.

Benefits

  • There are no limits on how much customers can earn and no expiration date.
  • Spending 1 Verizon Dollar on Verizon purchases is equivalent to spending US$1.
  • The Verizon Visa Card is the only credit card that is eligible for the AutoPay discount of up to $10/month per line on select plans.
  • New AutoPay enrollees can get the best rates available on Verizon Unlimited plans and new cardholders can get up to $100 in wireless bill credits over 24 consecutive months when they use their new Verizon Visa card to pay their monthly Verizon bill.
  • Cardholders can earn 4% on gas and grocery store/delivery purchases; 3% on dining/delivery and curbside pick-up purchases; 2% on Verizon purchases and 1% on all other purchases upon using the Verizon Visa Card for purchases.
  • Customers can also claim Verizon Dollars through the Verizon Up program and combine them with those earned through their card spending.
  • 2 free TravelPass days per calendar year valued at $20 for eligible TravelPass customers.

How To Get The Card

T-Mobile

  • T-Mobile Money, an online checking account by T-Mobile comes with a MasterCard debit card in partnership with BankMobile, a division of Customers Bank.
  • T-Mobile Money offers 4.00% annual percentage yield but it is only available to T-Mobile MONEY account holders who are also enrolled in a T-Mobile wireless phone plan.
  • The 4.00% APY is only applicable on balances up to $3,000 when customers sign up with their T-Mobile ID and deposit at least $200 each month.

Benefits

  • There are no overdraft fees, account fees and maintenance fees associated with the T-Mobile Money accounts.
  • Customers are not required to keep a minimum balance in their T-Mobile MONEY accounts.
  • 1.00% APY is earned on every dollar on balances over $3,000.
  • The T-Mobile Money debit card can be used in over 55,000 Allpoint ATMs Worldwide at no charge.
  • T-Mobile MONEY deposits are “FDIC-insured up to $250,000. Customers can get 24/7 bi-lingual customer service and support with T-Mobile MONEY Specialists. “

How To Get The Card

  • Customers can sign up for T-Mobile Money by downloading the mobile app or signing up online through T-Mobile Money website.
  • The card is only available to customers 18 years and above with social security number and a U.S. street address within the continental U.S.

Medium-Sized Retailers

#1. Academy Sports + Outdoors

  • Academy Sports + Outdoors is a multi-channel sports, outdoors and lifestyle retailer operating a discount store chain and e-commerce website.
  • The retailer is a privately-held, was founded in 1938, headquartered in Katy, U.S. and has about 21,000 employees.
  • For FY 2019, the company has an estimated revenue of $4.8 billion.
  • The company’s products include accessories, hunting, fishing, camping equipment and gear, sports and leisure products, footwear, and apparels for men, women and children.

Credit Card Offered

  • In partnership with Comenity Capital Bank, Academy Sports offers the Academy Sports + Outdoors Credit Card.
  • There is no annual fee for the card.
  • Late payments and return payments can incur penalty fees up to $40.
  • The annual percentage rate (APR) for purchases is 26.99% and will vary with the market based on the Prime Rate.
  • There’s a minimum interest charge of $2 per credit plan.

Benefits

How To Get The Card

#2. Neiman Marcus

  • Neiman Marcus is a privately-held luxury department store operator owned by the Neiman Marcus Group. The company was founded in 1907, headquartered in Dallas, Texas and has about 13,500 employees.
  • The company has an estimated annual revenue of $4.7 billion.
  • Neiman Marcus products include women’s, men’s, and children’s apparel, handbags and accessories, designer jewelry and precious jewels, and home and gift galleries.

Credit Card Offered

  • In partnership with Capital One, Neiman Marcus offers the Neiman Marcus Credit Card.
  • Neiman Marcus Credit Card has a variable purchase APR of 27.74% and does not come with an introductory APR offer for balance transfers and new purchases.
  • Late payments fee incur a penalty up to $38 while return payment fee incurs penalty up to $25.
  • There is no annual fee attached to the card.

Benefits

  • New cardholders get a signup bonus of 5,000 points that can be redeemed for travel, gifts.
  • Customers can earn two InCircle points for every dollar spent on credit card purchases.
  • Customers with 10,000 points earn a $100 Point Card for shopping.

How To Get The Card

  • Customers can apply for the Neiman Marcus Credit Card by applying through the company’s website and filling out an application form.
  • Eligibility for the card requires a credit score above 670.
About author

Articles

Glenn is the Lead Operations Research Analyst at Research for Finance with experience in research, statistical data analysis and interview techniques. A holder of degree in Economics. A true specialist in quantitative and qualitative research.
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