Are you looking for a credit card that offers flexible rewards, no annual fee, robust online security, emergency assistance, and insurance protection? If so, you might want to consider the Deluxe Signature Credit Card. This card is issued by Hutton Chase Corporation, a company that specializes in providing merchandise credit cards for people with bad or no credit. The Deluxe Signature Credit Card allows you to shop online at the My Unique Outlet store, where you can find major name brands at discounted prices. You can also earn and redeem points for a variety of rewards, such as gift cards, travel, and more.
However, the Deluxe Signature Credit Card also has some drawbacks and limitations that you should be aware of. For example, the card has a high-interest rate, limited acceptance, and a foreign transaction fee. These factors might make the card less appealing or suitable for some people.
In this review, we will examine the pros and cons of the Deluxe Signature Credit Card in detail. We will also explain how to apply for and manage the card online. By the end of this review, you will have a better understanding of whether the Deluxe Signature Credit Card is right for you.
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Benefits of the Deluxe Signature Credit Card
One of the main reasons why people choose the Deluxe Signature Credit Card is because of its benefits. Here are some of the benefits that you can enjoy with this card:
Flexible rewards points
One of the most attractive features of the Deluxe Signature Credit Card is its rewards program. With this card, you can earn and redeem points for a variety of rewards, such as merchandise, gift cards, travel, and more.
You can earn one point for every dollar you spend on the My Unique Outlet store. You can also earn bonus points for signing up, referring friends, and completing surveys. You can redeem your points for merchandise from the store, or choose from other options like gift cards from Amazon, Walmart, Target, and more. You can also use your points for travel rewards, such as flights, hotels, car rentals, and cruises.
To earn and redeem points, you need to register and log in to your online account. There, you can check and manage your points balance, browse and select rewards, and track your orders. You can also view your rewards history and update your preferences.
No annual fee
Another benefit of the Deluxe Signature Credit Card is that it does not charge an annual fee. This means that you can save money and avoid unnecessary charges. Many other credit cards charge an annual fee, which can range from $25 to $500 or more. This fee is usually charged once a year, regardless of how much you use the card. By choosing a card that does not charge an annual fee, you can keep more of your money in your pocket.
However, the Deluxe Signature Credit Card does charge a monthly account maintenance fee of $20. This fee is paid on the first day of your account approval and on each monthly anniversary date thereafter. This fee helps maintain your membership in the program and access to the online store and rewards. You should factor in this fee when comparing the Deluxe Signature Credit Card with other cards that charge annual fees.
Robust online security
The Deluxe Signature Credit Card also offers robust online security features that protect your personal and financial information online. With this card, you can shop online with confidence and peace of mind. Some of the online security features that you can use with this card are:
- Fraud alerts: You can receive alerts via email, text, or phone if there is any suspicious or unusual activity on your account. You can also report any unauthorized or fraudulent transactions and get them resolved quickly.
- Identity theft protection: You can get access to identity theft resolution services that help you restore your identity and credit in case of identity theft. You can also get access to credit monitoring and alerts that notify you of any changes or inquiries on your credit report.
- Zero liability: You can enjoy zero liability protection on unauthorized purchases made with your card. This means that you are not responsible for any charges that you did not authorize or recognize.
Emergency assistance services
The Deluxe Signature Credit Card also provides emergency assistance services that can help you in case of an emergency. With this card, you can access 24/7 customer service and support that can assist you with various issues and requests. Some of the emergency assistance services that you can use with this card are:
- Card replacement: You can request a replacement card if your card is lost, stolen, or damaged. You can also request a temporary card number that you can use online until you receive your new card.
- Cash advance: You can request a cash advance if you need emergency cash. You can access up to $500 per day from any ATM that accepts Visa cards. You will need to pay a cash advance fee and interest on the amount you withdraw.
- Travel assistance: You can request travel assistance services if you encounter any problems or emergencies while traveling. You can use features like travel accident insurance, roadside assistance, lost luggage assistance, and legal and medical referrals.
Insurance protection
The Deluxe Signature Credit Card also offers insurance protection that covers you and your eligible purchases. With this card, you can enjoy peace of mind and coverage on various situations and scenarios. Some of the insurance protection features that you can use with this card are:
- Purchase protection: You can get reimbursement for eligible purchases that are damaged or stolen within 90 days of purchase. You can get up to $1,000 per claim and up to $50,000 per year.
- Extended warranty: You can extend the original manufacturer’s warranty on eligible purchases for up to one additional year. You can get up to $10,000 per claim and up to $50,000 per year.
- Travel insurance: You can get coverage for accidental death or dismemberment while traveling on a common carrier (such as a plane, bus, or train) when you pay the full fare with your card. You can get up to $250,000 per incident.
Drawbacks of the Deluxe Signature Credit Card
While the Deluxe Signature Credit Card has many benefits, it also has some drawbacks and limitations that you should consider before applying for it. Here are some of the drawbacks of this card:
High-interest rate
One of the major drawbacks of the Deluxe Signature Credit Card is its high-interest rate. The card has a variable APR of 29.99%, which is much higher than the average credit card interest rate of 16.28% as of March 2024. This means that if you carry a balance on your card, you will pay a lot of interest and fees over time. For example, if you have a $1,000 balance on your card and you only pay the minimum payment of $40 per month, it will take you more than three years to pay off your balance and you will pay $1,015 in interest.
To avoid paying interest and fees on your card, you should pay your balance in full every month. You should also avoid using your card for cash advances, as they incur a higher interest rate of 34.99% and a fee of $10 or 5% of the amount, whichever is greater. You should also be aware of the late payment fee of $39 and the returned payment fee of $39, which can add up quickly if you miss or bounce a payment.
Limited acceptance
Another drawback of the Deluxe Signature Credit Card is its limited acceptance. The card is only accepted at the My Unique Outlet online store, which sells a variety of products from electronics, home goods, jewelry, and more. You cannot use the card at any other merchants, online or offline. This means that you cannot use the card for everyday purchases, such as groceries, gas, or dining. You also cannot use the card to build your credit history, as the card does not report to any credit bureaus.
To find out where the card is accepted and where it is not, you can visit the My Unique Outlet website and look for the Deluxe Signature logo. You can also contact the customer service and ask them for a list of participating merchants. You should use other payment methods, such as cash, debit, or other credit cards, when the card is not accepted.
Foreign transaction fee
Another drawback of the Deluxe Signature Credit Card is its foreign transaction fee. The card charges a 3% fee on every purchase made in a foreign currency or with a foreign merchant. This means that if you use the card for international purchases, you will pay extra charges on top of the exchange rate. For example, if you buy something for $100 in euros, you will pay $103 with the card.
To avoid paying foreign transaction fees, you should use other payment methods that do not charge these fees, such as cash, debit, or other credit cards. You should also compare the exchange rates and fees of different payment methods before making a purchase. You should also be aware of the currency conversion fee of $1.50, which applies to any purchase made in a currency other than US dollars.
How to apply for the Deluxe Signature Credit Card
If you are interested in applying for the Deluxe Signature Credit Card, you need to meet the following eligibility criteria and follow the application process:
- Eligibility criteria: You need to be at least 18 years old, have a valid US mailing address, have a valid email address, and have a valid checking account. You do not need to have a good credit score or a credit history to apply for the card.
- Application process: You need to visit the My Unique Outlet website and click on the “Apply Now” button. You need to fill out an online application form with your personal, contact, and financial information. You need to agree to the terms and conditions and submit your application. You will receive an instant decision on your application status. If you are approved, you will receive your card number and PIN via email. You will also receive your physical card and welcome package in the mail within 7 to 10 business days.
- Required documents and information: You need to provide the following documents and information when applying for the card:
- Your name, date of birth, and social security number
- Your email address, phone number, and mailing address
- Your checking account number and routing number
- Your income and employment information
- Your consent to a credit check and a verification of your identity
- Approval time and credit limit: You will receive an instant decision on your application status. If you are approved, you will receive a credit limit of $1,500, which you can use to shop online at the My Unique Outlet store. You can also request a credit limit increase after six months of on-time payments.
How to manage the Deluxe Signature Credit Card online
Once you receive your Deluxe Signature Credit Card, you can register and log in to your online account to manage your card online. Here are some of the things that you can do with your online account:
- View statements, transactions, and balances: You can view your monthly statements, recent transactions, and current balances on your card. You can also download and print your statements for your records.
- Make payments, set up alerts, and update personal details: You can make payments on your card using your checking account. You can also set up automatic payments, payment reminders, and low balance alerts. You can also update your personal details, such as your email address, phone number, and mailing address.
- Check and manage points, rewards, and orders: You can check and manage your points balance, browse and select rewards, and track your orders. You can also view your rewards history and update your preferences.
To register and log in to your online account, you need to visit the My Unique Outlet website and click on the “My Account” button. You need to enter your card number and PIN to access your account. You can also create a username and password for easier access. You can also contact the customer service if you have any questions or issues with your online account.
Conclusion
The Deluxe Signature Credit Card is a credit card that offers flexible rewards, no annual fee, robust online security, emergency assistance, and insurance protection. The card is issued by Hutton Chase Corporation, a company that provides merchandise credit cards for people with bad or no credit. The card allows you to shop online at the My Unique Outlet store, where you can find major name brands at discounted prices. You can also earn and redeem points for a variety of rewards, such as gift cards, travel, and more.
However, the Deluxe Signature Credit Card also has some drawbacks and limitations that you should consider before applying for it. The card has a high-interest rate, limited acceptance, and a foreign transaction fee. The card also charges a monthly account maintenance fee of $20. The card does not report to any credit bureaus, so it does not help you build your credit history.
If you are looking for a credit card that offers flexible rewards, no annual fee, robust online security, emergency assistance, and insurance protection, and you do not mind the drawbacks and limitations of the card, then the Deluxe Signature Credit Card might be a good option for you. However, if you are looking for a credit card that offers lower interest rates, wider acceptance, and no foreign transaction fees, and that helps you build your credit history, then you might want to look for other alternatives. We hope that this review has helped you understand the pros and cons of the Deluxe Signature Credit Card. If you have any questions or feedback, please feel free to contact us. We would love to hear from you. Thank you for reading and happy shopping!