The new Crate & Barrel Visa Signature Card and CB2 Visa Signature Card, now issued by First Bank & Trust and serviced by financial technology company Imprint, are keeping some key features while introducing enhanced rewards in new categories.
Previous holders of Crate & Barrel credit cards, which were previously issued by Synchrony and operated on the Mastercard network, will be automatically upgraded to the new versions after visiting Imprint’s website and verifying certain details.
Here’s a rundown of how the latest cards stack up:
New 4% back categories and a bonus
Similar to the previous cards, the new Crate & Barrel Visa Signature Card and CB2 Visa Signature Card will have no annual fees. New cardholders can enjoy a welcome offer of a $50 bonus after spending $1,000 outside of Crate & Barrel’s brands within the first 90 days of account opening. The qualifying brands include Crate & Barrel, CB2, Crate & Kids, and Hudson Grace.
The ongoing rewards structure will see a few changes from the previous versions:
– 10% back in reward dollars on purchases at Crate & Barrel, CB2, Crate & Kids, and Hudson Grace.
– 4% back in reward dollars at other home retailers and grocery stores.
– 1% back in reward dollars on all other purchases.
– Limited time offer: Earn 4% back in reward dollars at apparel retailers until March 31, 2026.
Moreover, cardholders can choose between earning rewards or opting for a deferred interest promotion on qualifying purchases. If you select the reward dollars, they will automatically redeem as certificates issued in $20 increments once you reach that amount. These certificates are valid for 90 days and can be used for in-store, over-the-phone, and online purchases at Crate & Barrel and CB2.
Alternatively, if you opt for the financing option, the new cards offer the following terms:
– Six months of financing on purchases of $749 or more.
– Twelve months on purchases of $1,499 or more.
– Up to 24 months on purchases of $2,999 or more.
It’s essential to note that under deferred interest offers, interest continues to accrue in the background. Therefore, if you have any remaining balance after the promotional period ends, you will owe interest on the entire purchase amount retroactively to the purchase date at the card’s regular APR, which can be as high as nearly 34%.
For a safer financing option for a significant purchase at Crate & Barrel, consider a genuine 0% intro APR credit card offer where interest is waived, not just deferred, for a specific period. This way, you will only owe interest on the remaining balance once the promotional period concludes, if any.