Bed Bath & Beyond® Mastercard® Credit Card Review

In the ever-expanding world of credit cards, finding a card that perfectly matches your spending habits and financial goals can be a daunting task. For those who are loyal shoppers at Bed Bath & Beyond and value cashback rewards on their everyday purchases, the Bed Bath & Beyond® Mastercard® Credit Card could be an excellent choice. This review will delve into the various aspects of the card, providing a comprehensive analysis based on my years of financial expertise.

Bed Bath & Beyond® Mastercard® Credit Card Key Takeaways

– Cashback Rewards: Earn 5% back on all purchases at Bed Bath & Beyond, 2% back on gas and groceries, and 1% back on all other purchases.
– Sign-Up Bonuses: Multiple sign-up bonuses including a $75 gift certificate after spending $6,000 in the first 6 months, a $60 reward certificate after making a $125 purchase on the same day as card approval, and more.
– Annual Fee: $0
– APR: Variable APR ranging from 18.49% to 28.49%, with a 26.99% APR for balance transfers and a 30.49% variable APR for cash advances.
– Credit Score Requirement: Good credit (670-739)
– Issuer: Comenity Bank

Bed Bath & Beyond® Mastercard® Credit Card Pros and Cons

Pros

1. No Annual Fee: One of the standout features of this card is the absence of an annual fee, making it a cost-effective option for budget-conscious consumers.
2. Generous Cashback Rates: Earn substantial cashback on purchases at Bed Bath & Beyond (5%), as well as on gas and groceries (2%), and all other purchases (1%).
3. Multiple Sign-Up Bonuses: Attractive sign-up bonuses that can collectively add up to substantial savings.
4. Good Credit Requirement: With a required credit score range of 670-739, the card is accessible to a broad segment of consumers.
5. Easy Account Management: Comenity Bank offers robust online account management tools, making it convenient to track spending and rewards.

Cons

1. High APR: The card comes with a relatively high variable APR (18.49% – 28.49%), which could be a drawback for those who carry a balance.
2. Foreign Transaction Fee: The card imposes a foreign transaction fee, which is a disadvantage for frequent international travelers.
3. No Intro APR Period: Unlike some competitors, this card does not offer an introductory APR period for purchases or balance transfers.
4. High Fees for Balance Transfers and Cash Advances: The card charges either $10 or 5% of the amount for both balance transfers and cash advances, whichever is greater.
5. Limited to Bed Bath & Beyond Shoppers: The card’s most significant rewards and bonuses are heavily skewed towards Bed Bath & Beyond purchases, limiting its appeal to those who shop there frequently.

Bed Bath & Beyond® Mastercard® Credit Card Benefits

Cashback Rewards

The Bed Bath & Beyond® Mastercard® Credit Card offers a tiered cashback structure that can be highly rewarding for those who align their spending habits accordingly:
– 5% Cashback at Bed Bath & Beyond: This is the highest cashback rate offered by the card and applies to all purchases made at Bed Bath & Beyond, making it an excellent choice for loyal customers of the store.
– 2% Cashback on Gas and Groceries: This rate is competitive and beneficial for everyday essential spending, making it easier to earn rewards even when not shopping at Bed Bath & Beyond.
– 1% Cashback on All Other Purchases: While this is the base rate, it ensures that you earn rewards on every purchase, regardless of the category.

Sign-Up Bonuses

The card offers several lucrative sign-up bonuses that can significantly enhance your initial rewards:
– $75 Gift Certificate: Earn a $75 gift certificate when you spend a minimum of $6,000 in the first 6 months from approval anywhere Mastercard® is accepted outside of Bed Bath & Beyond. This is a substantial reward, though the spending requirement is relatively high.
– $60 Reward Certificate: Receive a $60 reward certificate in your first billing statement when you apply, are approved, and make a purchase on the same day at Bed Bath & Beyond ($125 minimum purchase required). This can quickly offset initial purchase costs.
– $25 Off $100 Welcome Coupon: This coupon is provided when your card arrives and can be used for a discount on your next Bed Bath & Beyond purchase.
– $25 Gift Certificate: Earn an additional $25 gift certificate when you spend a minimum of $1,000 in the first 6 months from approval anywhere Mastercard® is accepted outside of Bed Bath & Beyond.

No Annual Fee

One of the most attractive features of the Bed Bath & Beyond® Mastercard® Credit Card is the absence of an annual fee. This ensures that all the rewards you earn go directly towards your savings without being offset by an annual cost.

Account Management and Customer Service

Comenity Bank, the issuer of the Bed Bath & Beyond® Mastercard®, provides comprehensive account management tools and responsive customer service:
– Online Account Management: Access your account online to monitor transactions, track rewards, and make payments.
– Customer Service: Reach customer service via phone for any account-related inquiries or issues.

Conclusion

The Bed Bath & Beyond® Mastercard® Credit Card is an excellent choice for loyal Bed Bath & Beyond shoppers who also want to earn rewards on their everyday purchases. Its tiered cashback structure, coupled with multiple sign-up bonuses and no annual fee, makes it a compelling option for those who frequently shop at Bed Bath & Beyond and spend on gas and groceries. However, potential cardholders should consider the high APR, foreign transaction fee, and the fact that the most significant rewards are limited to Bed Bath & Beyond purchases.
In summary, if you are a dedicated Bed Bath & Beyond customer and can pay off your balance in full each month to avoid high-interest charges, this card offers substantial rewards and cost-saving opportunities. However, if you carry a balance or frequently travel internationally, you may want to explore other credit card options that better suit your needs.