NFL Extra Points Visa® from Comenity Bank Review

As an experienced financial expert, I understand the importance of selecting the right credit card to maximize your financial benefits. Today, we’re diving deep into the NFL Extra Points Visa® from Comenity Bank. This credit card is uniquely designed for avid NFL fans, offering a range of rewards and benefits tailored to enhance your NFL experience while also providing competitive perks for everyday spending.

NFL Extra Points Visa® from Comenity Bank Key Takeaways

Before we delve into the details, here are the key takeaways for the NFL Extra Points Visa® from Comenity Bank:
– Rewards Structure: Earn 3x points on qualifying NFL purchases and NFL Team purchases, 2x points on grocery store, food delivery, restaurants, gyms, and sporting goods purchases, and 1x points on all other purchases.
– Exclusive Discounts: 20% off every NFLShop.com & NFL team store purchase made with your card.
– Introductory Offer: $100 Cash Back when you spend $500 on purchases outside of the NFL in your first 90 days from the open date, paid as a statement credit.
– Interest Rates: Variable APR ranging from 21.24% to 31.24% on purchases, 26.99% on balance transfers, and 32.24% on cash advances.
– Fees: No annual fee, but transaction fees apply for balance transfers and cash advances.
– Credit Requirement: Good to Excellent credit score (670-799) required for approval.

NFL Extra Points Visa® from Comenity Bank Pros and Cons

Pros

1. No Annual Fee: One of the most significant advantages of this card is the absence of an annual fee, allowing you to enjoy the benefits without an annual cost.
2. Generous Rewards on NFL Purchases: NFL fans will appreciate the 3x points on qualifying NFL purchases, making it easier to rack up rewards for their loyalty.
3. Competitive Rewards on Everyday Spending: The 2x points on grocery stores, food delivery, restaurants, gyms, and sporting goods purchases make this card versatile for everyday use.
4. Introductory Cash Back Offer: The $100 cash back for spending $500 outside of the NFL in the first 90 days is a compelling initial incentive.
5. Exclusive NFL Discounts: The 20% discount on NFLShop.com and NFL team store purchases is a fantastic perk for NFL enthusiasts.

Cons

1. High APR: The variable APR ranging from 21.24% to 31.24% is relatively high, especially for those who may carry a balance.
2. Foreign Transaction Fees: This card is not ideal for international travelers due to foreign transaction fees.
3. Limited Redemption Options: The rewards are primarily tailored for NFL-related purchases, which may not appeal to everyone.
4. Specialized Card: This card’s primary benefits are geared towards NFL fans, so if you’re not an avid NFL supporter, you may not find the rewards structure appealing.

NFL Extra Points Visa® from Comenity Bank Benefits

Rewards Program

The NFL Extra Points Visa® offers a specialized rewards program designed to cater to NFL fans:
– 3x Points on NFL Purchases: Earn triple points on qualifying NFL purchases and NFL Team purchases. This includes game tickets, merchandise, and more.
– 2x Points on Everyday Categories: Earn double points on grocery stores, food delivery, restaurants, gyms, and sporting goods purchases, making it a versatile card for daily use.
– 1x Points on All Other Purchases: Earn one point per dollar spent on all other purchases, ensuring you earn rewards no matter where you spend.

Exclusive Discounts

One of the standout features of this card is the exclusive 20% discount on NFLShop.com and NFL team store purchases. This benefit is perfect for fans who frequently purchase merchandise, as it provides significant savings over time.

Introductory Offer

New cardholders can take advantage of a $100 cash back offer when they spend $500 on purchases outside of the NFL within the first 90 days of account opening. This cash back is provided as a statement credit, offering immediate value.

Interest Rates and Fees

While the card offers numerous benefits, it’s important to understand its interest rates and fees:
– Purchase APR: The variable APR ranges from 21.24% to 31.24%, depending on your creditworthiness. This is relatively high, so it’s crucial to pay off your balance in full each month to avoid interest charges.
– Balance Transfer APR: The APR for balance transfers is 26.99%, with a balance transfer fee of either $10 or 5% of the transfer amount, whichever is greater.
– Cash Advance APR: The APR for cash advances is 32.24%, with a cash advance fee of either $10 or 5% of the advance amount, whichever is greater.
– Avoiding Interest: To avoid paying interest, ensure you pay your entire balance by the due date each month. If you don’t, you won’t get a grace period on purchases again until you pay the entire balance by the due date for two billing periods in a row.

Credit Score Requirement

The NFL Extra Points Visa® requires a credit score in the range of 670-799, which falls into the good to excellent category. If you have a strong credit history, you have a higher chance of being approved for this card.

Additional Benefits

– No Annual Fee: Enjoy all the card’s benefits without the burden of an annual fee.
– Manage Your Account Online: Easily manage your account and make payments online through Comenity Bank’s website.
– Customer Service: Access customer service for assistance with your account and any inquiries.

Conclusion

The NFL Extra Points Visa® from Comenity Bank is a specialized credit card designed for passionate NFL fans. With its generous rewards structure, exclusive discounts, and no annual fee, it offers significant value for those who frequently engage with NFL-related purchases and activities.
However, it’s essential to consider the high APR and foreign transaction fees, which may not make it the best choice for everyone. If you’re an avid NFL supporter who can take full advantage of the card’s rewards and benefits, this card can be a fantastic addition to your wallet. On the other hand, if you’re looking for a more general rewards card with lower interest rates and fewer restrictions, you may want to explore other options.
In conclusion, the NFL Extra Points Visa® from Comenity Bank is a niche card that excels in its specific target market. As a financial expert, I recommend evaluating your spending habits, financial goals, and credit profile to determine if this card aligns with your needs. If it does, you can enjoy the perks of being an NFL fan while earning rewards and discounts that enhance your overall experience.