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Loft All Rewards Credit Card Review

Loft All Rewards Mastercard: 2022 Review

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Jason Steele
Jason SteeleUpdated December 14, 2022

LOFT All Rewards Credit Card Summary

Overall Rating*: 3.5 out of 5Annual Fees: NoneIntro APR: NoneRegular APR:  24.99% APR (This information is accurate as of January 22, 2022)Credit Score Needed: Good FICO® Score (about 700 or above). Note that an applicant’s credit score is one of many factors considered by credit card issuers.Sign-Up Bonus: Earn 15% off on your first purchase at Ann Taylor, AnnTaylor.com, Ann Taylor Factory Store, LOFT, LOFT.com or LOFT Outlet using the card.LOFT All Rewards Credit Card Summary The LOFT All Rewards Credit Card offers benefits to the frequent LOFT or Ann Taylor customer. LOFT actually offers two different credit cards: the LOFT All Rewards Credit Card and the LOFT All Rewards Mastercard. The LOFT All Rewards Credit Card is a store card, and the LOFT All Rewards Mastercard can also be used anywhere that Mastercard is accepted. For both cards, cardholders earn 15% off on their first purchase at Ann Taylor, AnnTaylor.com, Ann Taylor Factory Store, LOFT, LOFT.com or LOFT Outlet using the card. After that, cardholders will earn five Rewards Points for every dollar spent in-store or online at Ann Taylor or LOFT, Ann Taylor Factory Store and LOFT Outlet. For every 500 points earned, cardholders will receive a $5 Reward. 
Pros and cons

Pros

  • Earn 5 Rewards Points for every dollar spent in-store or online at Ann Taylor or LOFT, Ann Taylor Factory Store and LOFT Outlet. For every 500 points earned, cardholders will receive a $5 reward.
  • Choose two days per year for a bonus double points day, when purchases will earn 10 points per dollar spent. Plus, get 15% off the first Tuesday of every month at all LOFT brands.
  • Enjoy early access to events and sales, exclusive offers, a dedicated phone line and a birthday gift.
  • Receive 15% off your first purchase at Ann Taylor, AnnTaylor.com, Ann Taylor Factory Store, LOFT, LOFT.com or LOFT Outlet.
  • The LOFT All Rewards Mastercard earns 2 Reward Points for every dollar spent on gas and grocery store purchases.
  • The LOFT All Rewards Mastercard can earn a $20 Rewards Card for your first purchase made outside of ANN INC. brands within 60 days of account opening.

Cons

  • The LOFT All Rewards Credit Card can’t be used outside of the LOFT family.
  • Points can’t be used for buying gift cards.
  • Points can’t be traded for cash.
  • Relatively high APR.
  • Points will expire 12 months from the date of the vesting period of the earning activity. Once rewards certificates are issued, they expire within 90 days.
  • No access to advanced membership tiers like some other reward cards offer.

LOFT All Rewards Credit Card Full Review 

The LOFT All Rewards Credit Card offers rewards and benefits to frequent customers at LOFT or Ann Taylor. LOFT actually offers two different credit cards: the LOFT All Rewards Credit Card and the LOFT All Rewards Mastercard. The LOFT All Rewards Credit Card is a store card, while the LOFT All Rewards Mastercard can also be used anywhere that Mastercard is accepted. For both cards, cardholders earn 15% off their first purchase at Ann Taylor, AnnTaylor.com, Ann Taylor Factory Store, LOFT, LOFT.com or LOFT Outlet using the card. After that, earn five Rewards Points for every dollar spent in-store or online at Ann Taylor, LOFT, Ann Taylor Factory Store and LOFT Outlet. For every 500 points earned, cardholders will receive a $5 Reward Certificate.Cardholders can choose two days per year for a bonus double points day, when purchases will earn 10 points per dollar spent. Cardholders also receive free shipping on all orders with a minimum purchase of $75, and get 15% off the first Tuesday of every month at all LOFT brands. In addition, cardholders will enjoy early access to events and sales, exclusive offers, a dedicated phone line and a birthday gift.The LOFT All Rewards Mastercard also allows cardholders to earn two Reward Points for every dollar spent on gas and grocery store purchases. Cardholders will earn one point per dollar spent on all other purchases. Plus, receive a $20 Rewards Card for your first purchase made outside of ANN INC. brands within 60 days of account opening. Annual FeeNoneSign-up Bonus 
  • Earn 15% off on your first purchase at Ann Taylor, AnnTaylor.com, Ann Taylor Factory Store, LOFT, LOFT.com or LOFT Outlet using the card.
  • With LOFT All Rewards Mastercard, earn a $20 Rewards Card for your first purchase made outside of ANN INC. brands within 60 days of account opening.
Rewards and Redemption Options 
  • For every 500 points earned, cardholders will receive a $5 Reward.
  • Rewards can be used at any Ann Taylor, AnnTaylor.com, Ann Taylor Factory Store, LOFT, LOFT.com or LOFT Outlet.
Intro APR: N/ARegular APR: 24.99% APR (This information is accurate as of January 22, 2022)Balance Transfer Fee: N/A

Benefits of LOFT All Rewards Credit Card 

  • Earn five Rewards Points for every dollar spent in-store or online at Ann Taylor or LOFT, Ann Taylor Factory Store and LOFT Outlet. For every 500 points earned, cardholders will receive a $5 Reward.
  • Choose two days per year for a bonus double points day, when purchases will earn 10 points per dollar spent.
  • Free shipping on all orders with a minimum purchase of $75. 
  • Get 15% off the first Tuesday of every month at all LOFT brands.
  • Enjoy early access to events and sales, exclusive offers, a dedicated phone line and a birthday gift.
  • Receive 15% off your first purchase at Ann Taylor, AnnTaylor.com, Ann Taylor Factory Store, LOFT, LOFT.com, or LOFT Outlet.
  • Earn two Reward Points for every dollar spent on gas and grocery store purchases with the LOFT All Rewards Mastercard. 

Disadvantages of LOFT All Rewards Credit Card 

  • The LOFT All Rewards Credit Card can’t be used outside of the Loft family.
  • Points can’t be used for buying gift cards, nor can they be traded for cash.
  • Relatively high APR.
  • Points expire 12 months from the date of the vesting period of the earning activity. Once rewards certificates are issued, they expire within 90 days.
  • No option to access advanced membership tiers to enhance card benefits.

Redeeming Cash Rewards

  • There are no options to redeem Rewards Points for cash

Rates and Fees

  • APR for Purchases: 24.99%
  • APR for Cash Advances: 24.99%
  • APR for Balance Transfers: 26.99%
  • Annual Fee: $0
  • Cash Advance Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
  • Balance Transfer Fee: Either $10 or 5% of the amount of each transfer, whichever is greater
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars.
  • Late Payment Fee: Up to $40
  • Returned Payment Fee: Up to $25
This information is accurate as of January 7, 2022.

Is the LOFT All Rewards Credit Card Worth It for You? 

New account offer - 0.4 out of 1.0. 15% off your first purchase is significant and competitive with other store cards, but the $20 Rewards Card for your first non-store purchase is minimal. Many reward credit cards offer more valuable new account offers.Rewards -  1.5 out of 2.0. Earning five points per dollar spent on in-store purchases is competitive, and getting to select two days to receive double points is very valuable. For the Mastercard, it’s also nice to earn double points on gas and grocery purchases. Benefits -  0.7 out of 1.0. The offer of free shipping, 15% off the first Tuesday of every month and other benefits can be valuable to LOFT customers.Fees - 0.9 out of 1.0. There’s no annual fee for this card, and the other fees are competitive with similar store cards. Total rating:  3.5 out of 5*Methodology (for overall rating):For rating reward credit cards on a scale of 0-5, we look at four factors: New account offer, rewards, benefits and the card’s fees. For the new account offer, we look at the value of the points, miles or cash back offered, and take into account any minimum spending requirements. For rewards, we look at the value of the rewards offered, including any bonus offers for additional points, miles or cash back. And when it comes to reward credit cards, we weigh this category twice as much as the others. For benefits, we look at travel insurance, purchase protection and other valuable cardholder offers. And for fees, we look at all the different fees including the annual fee, foreign transaction fees and others. And we didn’t just look at the absolute cost of the annual fee, but at the cost in the context of additional fee credits that can offset that cost for most cardholders. 

Frequently Asked Questions

What are the perks of the LOFT All Rewards Credit Card?
How do you qualify for the LOFT All Rewards Credit Card?
How do you redeem rewards from the Loft All Rewards Credit Card?
How to apply for the LOFT All Rewards Credit Card?

About the Author

Jason Steele
Jason SteeleJason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
Photo credit: iStock/jhorrocks
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