Victoria's Secret Credit Card: Advantages and Disadvantages

Top Three Facts 

• $25 first purchase bonus
• Up to 5% back in rewards on every $1 spent 
• No annual fees

What Should You Know About The Victoria’s Secret Card

Now, there are two variations available: the Victoria Credit Card and the PINK Credit Card. Despite their different designs, both cards offer two same benefits: a 5% cashback per dollar spent at mentioned stores, and free shipping for online orders over $50.

While the rewards offered by this card might be similar to ordinary credit cards, remember that they only apply to Victoria’s Secret stores. Then, what’s the benefit? First of all, the card does not have an annual fee, but it does have a relatively high 29.99% variable APR on purchases. Moreover, there are hidden perks you should know about.

Top Reasons to Apply For the Card

• All customers are divided into 3 groups according to their level. The first two – base and silver customers get 5% back at Victoria's Secret and PINK stores;
• There are also gold customers who earn up to 22.5% back on bra purchases;
• Free shipping is provided for comfortable online shopping – all orders over 50 dollars will be shipped for free;
• All members get a $10 credit on their Birthdays.

Victoria’s Secret Credit Card Rewards

The More You Buy, the More You Get

First things first, the card grants a $25 reward for the first online order or purchase in an offline store. Then, all purchases are rewarded with cashback: base and silver members earn up to 30 points per dollar while shopping in the bra section. Gold status gives 45 points for the same purchase. To get the golden status, the customer must spend at least 500 dollars in the mentioned stores for 1 year.

How to Cash Out Your Bonuses

Each point is an equivalent of 0.5 cents – this means, each 2,000 points gives you a $10 bonus that may be cashed out.

Rewards Potential

The rewards you can reap greatly depend on your shopping frequency and the amount spent. For instance, an annual spend of $400 could make you a Silver Card member. This means you could receive $40 cashback in 12 months, assuming timely bill payments.

Hidden Benefits

Victoria’s Secret credit card customers enjoy free shipping, a birthday gift, and monthly perks, varying based on the amount spent at the store. Silver members and Gold members can receive additional rewards like half-birthday treats and anniversary discounts.

Comparing the Alternatives

Victoria’s Secret Mastercard

Not so popular, but still worth attention –VS Mastercard is a version of the standard Victoria’s Secret account, providing extra rewards, and allowing use at any Mastercard-accepted locations. This option presents additional cashback opportunities, including outside purchases, along with other benefits, which may not be initially available.

Amazon Rewards by Visa

Unlike the VS Card, this one offers cashback rewards that can be used anywhere. It also offers a more comprehensive rewards structure that caters to various spending categories and even allows earning rewards at Whole Foods Market and Amazon.com.

Citi Double

The Citi Double Cash Card doesn't focus on one particular store or even a group of goods. It is a MasterCard debit card that gives 1% cashback for each purchase, including Victoria's Secret as well. Despite the amount of bonuses is smaller, it is generally beneficial. 

Conclusion

The Victoria’s Secret Credit Card can be a fantastic option for frequent shoppers. It serves as an analog of a cashback or loyalty program, giving rewards for each purchase. However, the opportunities spread only to two stores, and might not be the best for everyday usage. The best idea for those who frequently shop in VS, the best idea is to combine this card with other debit accounts.