If you are a fan of Express clothing and accessories, you might be tempted to apply for the Express Next credit card. This card offers generous rewards and exclusive benefits for loyal shoppers, but it also comes with some drawbacks that you should be aware of. In this Express Next Credit Card Review article, we will review the Express Next credit card in detail and help you decide if it is a good fit for your needs and budget.
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What is the Express Next Credit Card?
The Express Next credit card is a store credit card issued by Comenity Bank that can only be used at Express and Express.com. It is part of the Express Next loyalty program, which allows you to earn points for every purchase you make at Express and redeem them for rewards certificates. The Express Next credit card also offers additional perks, such as:
- 15% off your first purchase with the card
- 15 points per dollar spent on the card
- 2,500 points are worth a $10 reward (A-List customers receive a $15 reward)
- Exclusive birthday gift
- No annual fee
- Free standard shipping on Express.com for A-List customers when you pay with the card
What is the Express Next A-List Card?
The Express Next A-List card is an upgraded version of the Express Next credit card that offers even more benefits for frequent shoppers. To qualify for the A-List card, you need to earn 7,500 points within the program year, which runs from March 1 to the last day of February of the following year. Only Express Next credit card accounts that are in good standing will receive an upgrade to A-List status. Some of the benefits of the A-List card are:
- 20 points per dollar spent on the card
- 2,500 points are worth a $15 reward
- Free standard shipping on Express.com when you pay with the card
- Monthly bonus reward
- Premium customer service line
- Exclusive A-List offers and events
What are the Pros and Cons of the Express Next Credit Card?
The Express Next credit card has some advantages and disadvantages that you should weigh before applying. Here are some of the pros and cons of the card:
Express Next Credit Card Review: Pros
- Generous rewards rate: The Express Next credit card offers 15 points per dollar spent, which translates to a 6% rebate on your purchases. If you are an A-List customer, you get 20 points per dollar spent, which is equivalent to a 9% rebate. These are some of the highest rewards rates among store credit cards.
- Easy to redeem rewards: You don’t need to carry any certificates or coupons with you when you shop at Express, as your rewards are automatically applied to your account. You can redeem your points for rewards certificates in increments of $10 or $15, depending on your status. You can use your rewards certificates on any purchase at Express or Express.com, with no minimum purchase required.
- Exclusive benefits: The Express Next credit card offers some perks that are not available to regular Express Next members, such as a 15% off coupon for your first purchase, a birthday gift, and free shipping for A-List customers. You also get access to special offers and events throughout the year, such as double points days, clearance sales, and early access to new arrivals.
- No annual fee: The Express Next credit card does not charge an annual fee, which means you can enjoy the benefits of the card without paying extra.
Express Next Credit Card Review: Cons
- High interest rate: The Express Next credit card has a variable APR of 26.99%, which is much higher than the average credit card interest rate. If you carry a balance on your card, you will end up paying a lot of interest, which will negate the value of your rewards. To avoid this, you should pay off your balance in full every month or use another card with a lower interest rate for your purchases.
- Limited usability: The Express Next credit card can only be used at Express and Express.com, which limits your spending options. If you don’t shop at Express often, you won’t be able to take advantage of the rewards and benefits of the card. You also won’t be able to use the card for other expenses, such as groceries, gas, or travel, which could earn you more rewards with a different card.
- Credit score impact: Applying for the Express Next credit card will result in a hard inquiry on your credit report, which could lower your credit score by a few points. If you have a low credit score or a thin credit history, this could affect your chances of getting approved for other credit cards or loans in the future. Additionally, if you use a large portion of your credit limit on the card, your credit utilization ratio will increase, which could also hurt your credit score.
How to Apply for the Express Next Credit Card?
You can apply for the Express Next credit card online or in-store. To apply online, you need to visit the Express website and click on the “Apply Now” button. You will be redirected to the Comenity Bank website, where you will need to fill out an application form with your personal and financial information, such as your name, address, phone number, email, income, and Social Security number. You will also need to agree to the terms and conditions of the card and the Express Next program. After submitting your application, you will receive an instant decision on whether you are approved or not. If you are approved, you will also receive your credit limit and card number, which you can use to make purchases online right away. You will receive your physical card in the mail within 7 to 10 business days.
To apply in-store, you need to visit an Express store and ask an associate for an application form. You will need to provide the same information as the online application, and the associate will submit it for you. You will also receive an instant decision on your approval status and your credit limit. If you are approved, you will receive a temporary card that you can use to make purchases in-store until you receive your permanent card in the mail.
To qualify for the Express Next credit card, you need to meet the following requirements:
- You must be at least 18 years old (or 19 in Alabama and Nebraska).
- You must have a valid U.S. mailing address and a valid government-issued photo ID.
- You must have a U.S. social security number.
You must have a credit history and a credit score that meets the issuer’s criteria.
How to Manage Your Express Next Credit Card Account?
You can manage your Express Next credit card account online or by phone. To access your account online, you need to register on the Comenity Bank website and create a username and password. Once you log in, you can view your balance, transactions, rewards, statements, and payment options. You can also update your personal information, change your preferences, and contact customer service. To access your account by phone, you need to call the customer service number on the back of your card or on your statement. You can check your balance, make payments, review your rewards, and request a credit limit increase. You can also speak to a representative if you have any questions or issues with your account.
How to Pay Your Express Next Credit Card Bill?
You can pay your Express Next credit card bill online, by phone, by mail, or in-store. To pay online, you need to log in to your account on the Comenity Bank website and click on the “Pay Online” button. You can choose to pay the minimum amount due, the statement balance, the current balance, or any other amount. You can also set up automatic payments or schedule payments in advance. You can use a checking account, a debit card, or another credit card to make your payment.
To pay by phone, you need to call the customer service number on the back of your card or on your statement and follow the prompts. You can use the automated system or speak to a representative to make your payment. You can use the same payment methods as the online option.
To pay by mail, you need to send a check or money order payable to Comenity Bank, along with your payment coupon, to the following address:
Comenity Bank PO Box 659728 San Antonio, TX 78265-9728
Make sure to write your account number on the check or money order and allow enough time for your payment to arrive and be processed.
To pay in-store, you need to visit an Express store and present your card or your statement to an associate. You can pay with cash, check, money order, or debit card. You will receive a receipt for your payment and your account will be updated within 24 hours.
How to Cancel Your Express Next Credit Card?
If you want to cancel your Express Next credit card, you need to call the customer service number on the back of your card or on your statement and speak to a representative. You will need to provide your account information and the reason for your cancellation. The representative will process your request and confirm your cancellation. You will also receive a letter in the mail confirming your account closure.
Before you cancel your card, you should consider the following:
- You will lose any unused rewards points and benefits associated with the card.
- You will still be responsible for paying any outstanding balance on your account, as well as any interest and fees that may accrue.
- Your credit score may be affected by closing your account, especially if you have a high credit utilization ratio or a short credit history.
- You may not be able to reapply for the card in the future, or you may receive less favorable terms and conditions.
How to use the Express Next credit card wisely and avoid fees and interest?
The Express Next credit card can be a useful tool for saving money and earning rewards at Express, but it can also be a source of debt and fees if you don’t use it responsibly. Here are some tips on how to use the Express Next credit card wisely and avoid fees and interest:
- Pay your balance in full every month: The best way to avoid paying interest and fees on your card is to pay your balance in full every month by the due date. This way, you can enjoy the rewards and discounts without paying extra costs. You can also set up automatic payments or reminders to make sure you don’t miss a payment.
- Don’t spend more than you can afford: The Express Next credit card can tempt you to spend more than you can afford, especially with the generous rewards rate and the exclusive offers. However, you should always stick to your budget and only buy what you need and can pay off. Otherwise, you will end up in debt and damage your credit score.
- Use your rewards before they expire: The Express Next credit card has a points expiration policy, which means you need to use your rewards before they expire or you will lose them. You should check your points balance and expiration date regularly and redeem your rewards as soon as possible. You can also set up alerts or notifications to remind you of your points status.
- Track your spending and rewards: The Express Next credit card allows you to track your spending and rewards online or through the mobile app. You can also access your account statement and transaction history, as well as manage your account settings and preferences. You should monitor your account activity and rewards regularly and report any errors or issues to the customer service.
How to compare the Express Next credit card with other store cards and alternatives?
The Express Next credit card is not the only store card or credit card that you can use for your shopping needs. There are other options that you can consider and compare, depending on your preferences and goals. Here are some of the factors that you should look at when comparing the Express Next credit card with other store cards and alternatives:
- Rewards rate and value: The Express Next credit card offers a high rewards rate of 15 points per dollar spent at Express, but a low point value of 0.4 cents or 0.6 cents, depending on your status. You should compare this with other store cards or credit cards that offer different rewards rates and values, and see which one gives you the most value for your spending. For example, the Gap Visa Card offers 5 points per dollar spent at Gap and its affiliated brands, and 1 point per dollar spent elsewhere, but each point is worth 1 cent, which means you can get a 5% or 1% cash back rate, respectively. The Chase Freedom Unlimited Card offers 1.5% cash back on all purchases, regardless of the category or the store.
- Annual fee and interest rate: The Express Next credit card does not charge an annual fee, but it has a high interest rate of 26.99%. You should compare this with other store cards or credit cards that charge different annual fees and interest rates, and see which one saves you the most money in the long run. For example, the Amazon Prime Rewards Visa Signature Card charges a $119 annual fee, but it has a lower interest rate of 14.24% to 22.24%, and it offers 5% cash back at Amazon and Whole Foods, 2% cash back at restaurants, gas stations, and drugstores, and 1% cash back on other purchases. The Citi Double Cash Card does not charge an annual fee, and it has a lower interest rate of 13.99% to 23.99%, and it offers 2% cash back on all purchases (1% when you buy and 1% when you pay).
- Usability and flexibility: The Express Next credit card can only be used at Express and Express.com, which limits your usability and flexibility. You should compare this with other store cards or credit cards that can be used anywhere or for specific categories, and see which one gives you more options and convenience. For example, the Target RedCard can be used at Target and Target.com, and it offers 5% off on all purchases, free shipping, and extended returns. The Capital One SavorOne Cash Rewards Card can be used anywhere, and it offers 3% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% cash back on other purchases, as well as a $200 sign-up bonus.
As you can see, there are many factors to consider when comparing the Express Next credit card with other store cards and alternatives. You should weigh the pros and cons of each option, and choose the one that suits your shopping habits, budget, and goals the best. Remember, the best credit card for you is the one that helps you save money and earn rewards, without costing you more than you can afford.
Frequently Asked Questions on Express Next Credit Card Review
Here are some of the most common questions and answers about the Express Next credit card:
How do I check my Express Next credit card balance?
You can check your Express Next credit card balance by logging into your online account on the Comenity Bank website. Once logged in, you can navigate to the “Account Summary” or “Balance” section, where you’ll find information about your current balance, available credit, and recent transactions. Additionally, you can call the customer service number on the back of your card or statement to inquire about your balance.
Can I use the Express Next credit card at other stores?
No, the Express Next credit card is exclusively designed for use at Express and Express.com. It cannot be used at other stores or for non-Express purchases. If you’re looking for a credit card with broader acceptance, you may want to consider general-purpose credit cards that can be used at a variety of merchants.
How can I maximize my rewards with the Express Next credit card?
To maximize your rewards with the Express Next credit card, consider the following tips:
- Frequent Express Shopping: Since the card is tailored for Express enthusiasts, using it for regular purchases at Express will help you accumulate points faster.
- A-List Status: Aim for A-List status by earning 7,500 points within the program year. This will unlock additional benefits, including a higher points-per-dollar rate.
- Take Advantage of Promotions: Keep an eye out for special promotions, double points days, and exclusive offers that can boost your rewards.
- Pay Your Balance in Full: To avoid high-interest charges, make it a habit to pay your balance in full each month.
Is the Express Next credit card a good option for someone with fair credit?
According to WalletHub, the Express Next credit card is suitable for individuals with fair credit or better. If you fall into this category and are a frequent Express shopper, the card could be a good fit, offering rewards and exclusive benefits tailored to your preferences.
What is the interest rate of Express Next Credit Card?
The interest rate of the Express Next credit card is a variable APR of 26.99%, which is much higher than the average credit card interest rate. This means that if you carry a balance on your card, you will end up paying a lot of interest, which will reduce the value of your rewards. To avoid this, you should pay off your balance in full every month or use another card with a lower interest rate for your purchases.
What is the credit limit of Express Next Credit Card?
The credit limit of the Express Next credit card varies depending on your creditworthiness and income. Most new customers receive a credit limit of $250, $500, or $750. Given the cost of the apparel at Express, this credit limit might not go very far for extended shopping sprees. Such a low limit may make it difficult to charge your entire purchase to your card, and it can damage your debt-to-credit ratio.
Some customers have reported that the maximum credit limit for the Express Next credit card is $3,100 or $3,250. This is the highest limit that Comenity Bank, the issuer of the card, offers for this card. To reach this limit, you need to use your card frequently and pay your balance in full every month. You also need to have a good credit score and a low credit utilization ratio.
Comenity Bank evaluates customers on a regular basis for automatic credit limit increases. This usually occurs within the first six to nine months after the card has been opened and if it has been frequently used. This will not affect your credit report. You can also request a credit limit increase online or by phone, but this will result in a hard inquiry on your credit report, which could lower your credit score by a few points. To request a credit limit increase, you need to log in to your account on the Comenity Bank website and click on the “Request Credit Limit Increase” button, or call the customer service number on the back of your card or on your statement. You will need to provide your personal and financial information, such as your income, expenses, and other debts. You will receive an instant decision on whether you are approved or not. If you are approved, you will also receive your new credit limit.
What is the minimum payment for Express Next Credit Card?
The minimum payment for the Express Next credit card is the amount that you need to pay each month to keep your account in good standing and avoid late fees. The minimum payment is calculated by Comenity Bank, the issuer of the card, based on your balance, interest rate, and other factors. According to the card’s terms and conditions, the minimum payment is the greater of:
- $25 or
- 3.5% of the new balance shown on your billing statement or
- 1% of the new balance shown on your billing statement plus any interest charges and late fees.
For example, if your balance is $500 and your interest rate is 26.99%, your minimum payment would be:
- $25 or
- 3.5% of $500 = $17.50 or
- 1% of $500 + ($500 x 26.99% / 12) + $0 = $16.24 + $11.24 + $0 = $27.48
The highest amount is $27.48, so that would be your minimum payment for that month.
You can find your minimum payment amount on your monthly statement or by logging in to your account online. You can pay your minimum payment online, by phone, by mail, or in-store. However, paying only the minimum payment will result in paying more interest and taking longer to pay off your balance. To save money and pay off your debt faster, you should try to pay more than the minimum payment or pay off your balance in full every month.
In Conclusion
The Express Next credit card can be a rewarding addition to your wallet if you’re a dedicated Express shopper. With generous rewards, exclusive benefits, and no annual fee, it caters to the needs of fashion enthusiasts. However, it’s essential to weigh the high-interest rate, limited usability, and potential impact on your credit score before making a decision. If you find yourself regularly shopping at Express, the Express Next credit card could be a valuable companion on your fashion journey.