TJ Maxx Credit Card Review: What You Need to Know

If you are a frequent shopper at TJ Maxx, it is certainly a good idea to consider a credit card created specifically for stores related to this brand. There are plenty of general rewards cards out there, but you normally won’t get bonuses with them while shopping at discount outlets. However, if you opt for a TJ Maxx card, you’ll get that and a more significant return on your purchases, making the offer definitely worth your attention.

If you want to learn more about the pros and cons of a TJMaxx credit card, we have an in-depth guide just for you.

What Are the Features of TJX Rewards Platinum MasterCard?

If you are serious about saving your money on purchases at TJ Maxx, the most beneficial option if you have a fair to good credit score (740 and above) is a TJX Platinum MasterCard. The card is issued by Synchrony Bank and has the following features:

• $0 annual fee
• 10% off the first purchase as a welcome bonus
• 5% on TJX store purchases
• No foreign transaction fee
• Exclusive shopping invites
• A $10 certificate for every 1,000 bonus points earned

When you shop at stores of the TJX brand (TJ Maxx, HomeGoods, Homesense, Sierra, and Marshalls) using this credit card, you receive 5 points per $1 you spend. The bonuses apply whether you make purchases online or offline. If you decide to use TJ Maxx MasterCard in other stores, you will receive 1 point per $1 you spend.

As this is a MasterCard offer, you can also enjoy the additional benefits, such as:

• Global support in case your card gets stolen, or you lose it.
• No responsibility for unauthorized charges on your TJMaxx credit card.
• You can also go for ID theft protection, which ensures that you get notified when there are signs of fraudulent activity.

When it comes to the disadvantages of this card, you should remember that it has a high 32.24% APR. Another limitation to keep in mind is that you can’t exchange your reward certificates for cash.

How Does TJX Rewards Credit Card Differ from the Platinum One?

When you decide to apply for a TJX credit card, you may receive one of two rewards cards. One thing to note is that applicants don’t know beforehand which credit card they will qualify for, but the decision is based on the credit score. Those who have a decent credit score will be able to receive the Platinum card, while those with a lower one will get a TJX Rewards card, which only offers benefits if you make purchases from the company.

The advantages of the store-only rewards card are identical to those of the Platinum one, but it is not associated with any regular payment networks (MasterCard, Visa, etc.). It means that you will still get 5% on purchases at TJX family locations, but you won’t be able to get 1% on other purchases in different stores. Also, it won’t have the additional benefits associated with the MasterCard network.

If you want a Platinum card specifically, the only solution is to improve your credit score so that it’s at least in the Fair range.

What Are Some Alternatives to TJMaxx Credit Cards?

If you don’t find the TJ Maxx credit card rewards sufficient, you may want to consider some other options.

Capital One QuicksilverOne Credit Card

One of the alternatives to the TJ Maxx credit card is QuicksilverOne from Capital One. It is not specific to any store, but you only get 1.5% back when you use it for any purchase. Compared to the TJ Maxx one, it has a $39 annual fee, but you can redeem the cashback whenever you decide. The offer is also great for buyers who like to feel confident, as it includes card insurance.

Discover it Secured Credit Card

The Discover it Secured Credit Card is a decent option for those who want to build their credit score and also often eat at restaurants. With this type of card, you make an initial deposit of $200 or more, which will act as your credit line. Thanks to this approach, you don’t pay an annual fee.

The credit card offers you a 2% cash back at restaurants and gas stations up to $1,000 in purchases every quarter. Similarly to the TJ Maxx Platinum card, you get 1% on all other purchases. If you have the money for an initial deposit, this is a great option with more benefits compared to a TJ Maxx one.

Final Thought

There are plenty of general credit cards to choose from, but if you shop at TJ Maxx all the time, their credit card may be the best option to consider. It gives you a return of 5% on all purchases in the TJ Maxx family stores, which adds up quickly. The disadvantage of this card is its high APR and the fact that you cannot redeem certificates for cash. Also, if you get a regular rewards card instead of the Platinum one, all the benefits will be limited only to the TJ Maxx stores.

If you want additional benefits, it may be a good idea to consider other rewards cards, such as those from Capital One or Discover.

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