Last updated on August 31st, 2023
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Comenity® Mastercard® Credit Card
Comenity® Mastercard® Credit Card
- 23.24% or 29.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 26.99% variable based on the Prime Rate Balance Transfer APR
- 29.99% variable based on the Prime Rate Cash Advance APR
At a Glance
The Comenity® Mastercard® Credit Card offers 1.5% cash back on all purchases, a $100 cash back introductory bonus, and more for no annual fee.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- Earn 1.5% cash back on all purchases
- $100 cash back when you spend $500 or more within 90 days of opening your account
- Zero Fraud Liability
- Regular Purchase APR: 23.24% or 29.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 26.99% variable based on the Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 5% of the amount of each transfer, whichever is greater
- Cash Advance APR: 29.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $41
- Return Payment Penalty Fee: Up to $41
- You want a no-nonsense rewards credit card
- You prefer a basic rewards program with one redemption option
- You don’t want to pay an annual fee
Comenity® Mastercard® Credit Card Review
The Comenity® Mastercard® Credit Card is a no-fuss cash back rewards card from Comenity – one of the largest issuers of co-branded credit cards. Unlike those other offers, however, the Comenity® Mastercard® only carries the Comenity Bank name and rewards statement credits.
Introductory Cash Back Bonus
New Comenity Mastercard accounts enjoy a simple $100 cash back bonus after making just $500 in purchases with the card in the first 90 days of opening an account. The cash back bonus is paid as a stamen credit. This introductory bonus is exceptional but provides real value, and a very modest minimum spend – meaning it’s a reward users can actually achieve.
Earn 1.5% Cash Back on All Purchases
Beyond the introductory bonus, Comenity® Mastercard® Credit Cardholders earn 1.5% cash back on all eligible purchases. There are no special categories or caps to the earning. Like the sign-up bonus, cash back rewards are redeemable as a statement credit.
While the lack of redemption options, such as gift cards, travel, or even direct deposits, is frustrating, it provides a streamlined rewards process that offers significant value for consumers who want a credit card that offers rewards to offset the statement balance Comenity Card does well.
Also, remember that Comenity may issue other versions of the Comenity® Mastercard® with additional spending categories that earn 2% back or more. These offers are typically offered through co-branding partners.
Cash Back Comparison
Bread Cashback Amex
Upgrade Cash Rewards Visa®
|Rewards||Unlimited 2% cash back on all eligible purchases||Unlimited 1.5% cash back on all eligible purchases||Unlimited 1.5% cash back on card purchases every time you make a payment|
Competitive APR on Purchases
The card comes with a competitive APR on purchases. That rate, which is variable based on the applicant’s creditworthiness and the Prime Rate, starts around 18%, which isn’t exceptional – but is competitive with other basic cash back credit cards.
Comenity also allows cash advances and balance transfers with an eh card, but those transactions feature a fixed rate APR. The rate for cash advances is average, while the interest rate for balance transfers is considerably higher than the national average. Add to that a balance transfer fee of e ither $10 or 5% of the amount of each transfer, whichever is greater, and you have a card not suited for transfers except as a last case scenario.
The Comenity® Mastercard® Credit Card also offers the benefits and protections that come from a Mastercard product. These features include:
|Zero Liability Protection||Mastercard Global Services||ID Theft Protection|
Comenity (Bread) Ratings
How do Breads Financial and Comenity stack-up as a bank and credit card issuer? Here is a selection of expert and consumer ratings for the bank:
Should You Apply for the Comenity® Mastercard® Credit Card?
The Comenity® Mastercard® Credit Card is about as no-nonsense a rewards credit card as you’ll find – and that isn’t a bad thing necessarily. The card offers 1.5% cash back on all purchases, an easy-to-achieve introductory bonus, and a competitive APR – all for no annual fee.
The basic redemption option with the card – statement credit – isn’t ideal but does provide value for those who want something to provide payment protection and ease of processing – and then want to use rewards to pay down the balance. In this role, the Comenity® Mastercard® Credit Card performs admirably.