Advertiser Disclosure Editorial Disclosure

Crate and Barrel Mastercard®

Crate and Barrel Mastercard®

Limited Time Offer: Receive Up to 12 Months of Special Financing

Crate and Barrel Mastercard®
  • Regular Purchase APR 24.74% variable based on the Prime Rate
  • Cash Advance APR 29.99%
  • Annual Fee None
  • Credit Needed Good
  • Processing Network Mastercard
Best Benefits
  • Earn 10% Back in Reward Dollars
  • Earn 2% in reward dollars for grocery stores
  • Earn 1% in reward dollars for everything else
  • No annual fee
  • Exclusive cardholder events
Rates & Fees
  • Regular Purchase APR: 24.74% variable based on the Prime Rate
  • Cash Advance APR: 29.99%
  • Cash Advance Transaction Fee: $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 $39
  • Return Payment Penalty Fee: $28

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At a Glance

The Crate and Barrel Mastercard® offers cardholders modest savings on upscale furniture and home décor. Store purchases will earn 10% back in “Rewards Dollars” which can be redeemed for cash value at checkout, starting at $20 increments.

Ideal for Those Who:

  • Shop at Crate & Barrel at least every 90 days
  • Expect to make a large purchase of $749 or more
  • Don’t have a card with grocery store rewards
  • Want a card with no annual fee

Crate and Barrel Mastercard Review

Home décor lovers considering the Crate and Barrel Mastercard® will be impressed by the frequency in which they’ll be able to earn $20 reward vouchers. The greatest highlight of this card is the above-average earning rate for store purchases. Beyond that, the signup bonus is meager (which changes every few months) the card doesn’t provide any immediate practical value to cardholders one would expect such as free shipping or exclusive discounts. The card has no annual fee but doesn’t provide much incentive to use it – much less, to own it – beyond its point-earning capabilities. The Crate and Barrel credit card is issued by Synchrony Bank and has a high purchase and cash advance APR, with no option for balance transfers.

The current signup bonus is odd, forcing its customers to choose between earning 10% on all Crate & Barrel purchases or special 6 or 12-month financing on purchases of $749, or $1499 and up. While advantageous to shoppers making large purchases, forgoing the 10% back in the primary rewards category effectively kills the potential of the card. Instead of being a tool for continually earning value towards future purchases, the financing ultimatum turns the Crate and Barrel Mastercard® into a one-time use card that will collect dust in the back of your wallet after the 6 or 12 months are up.

For those who opt to keep the card’s earning potential intact, the Crate and Barrel Mastercard® will earn the following rewards:

  • 10% in rewards dollars on all Crate & Barrel and CB2 purchases
  • 2% back on grocery purchases
  • 1% for everything else

The 10% return is well above average – double of what most other retail credit cards offer, which is one of the biggest strengths of the Crate and Barrel credit card. Cardholders will earn $20 in rewards for every $200 spent, ensuring cardholders regularly earn rewards through shopping. However, as there is no bonus for meeting a spending minimum outside of C&B purchases, you’d be better off using this card strictly for Crate & Barrel purchases.

All earnings (reward dollars) can be redeemed for “reward certificates” which are used to reduce the final price at checkout. Reward dollars have a 1:1 value with reward certificates but requires a minimum of 20 rewards dollars to do so. Rewards generate automatically once the required minimum has been met – so cardholder should be wary as reward certificates (the vouchers with cash value) expire 90 days after issuance. Reward dollars have a longer shelf life and expire 12 months after they have been earned.

20 Reward Dollars = $20 Reward Certificate

Should You Apply for the Crate and Barrel Mastercard?

Overall, the Crate and Barrel Mastercard® is not a compelling retail card – even for those who frequently shop at Crate & Barrel. There are virtually no rewards customers or incentives for being a cardholder beyond the potential to earn reward dollars that could eventually be used towards purchases. Although the earning potential of the Crate & Barrel card is above average, given the high price-point of most of their merchandise, those $20 Reward Certificates will not go very far at this retailer. Those would want rewards for home furnishings but would like more flexible reward options, a better APR, and an actual signup bonus should consider the Bank of America® Cash Rewards Credit Card instead.