Save 35% On Your First Purchase
With My Kohl’s Charge Card, you have multiple ways to earn direct rewards back and discounts off your individual purchases. Right off the bat, you’re given 35% off your first transaction, and when your card arrives in the mail, you’ll get a coupon for another 15% on your next Kohl’s purchase.
Including these discounts, you’ll get 12 or more exclusive offers a year to use with Kohl’s. But if you spend at least $600 with the clothing brand, your account will be upgraded to the “Most Valued Customer” level. This will earn you 18 discounts in a year.
By simultaneously enrolling in both the Yes2You and Kohl’s Cash rewards programs, you can truly compound how much store credit you can use to minimize your costs. With Yes2You, for every $100 you spend, you’ll get a $5 coupon back. But by using Kohl’s Cash, you’ll earn a $10 certificate for every $50 you spend, meaning these rewards can really add up quickly.
There’s no annual fee to remain a My Kohl’s cardholder, and, in all cases, it features a 26.49% Variable APR. It’s important to note, though, that this is strictly a Kohl’s-specific card, so it cannot be used anywhere else.
Smart Features
35% off your first purchase – You’ll receive a 35% discount on your first in-store or online purchase with the My Kohl’s Charge Card.
Save 15% more - When your new card arrives in the mail, you’ll receive a 15%-off coupon to use on your next purchase.
My Kohl’s offers - Every year, you’ll receive at least 12 distinctly special offers to use with Kohl’s just for remaining a My Kohl’s cardholder.
Become a “Most Valued Customer” - As a My Kohl’s cardholder, if you spend at least $600 in a year, you’ll become a Most Valued Customer. This exclusive program will give you access to 18 extra discounts a year.
No annual fee - There is no required yearly fee to remain a My Kohl’s cardholder.
High APR - The My Kohl’s Charge Card features a high variable APR at 26.49% Variable.
Yes2You rewards – You can combine your Yes2You account with your My Kohl’s Charge Card to earn even more rewards.
$5 Rewards certificate - For every dollar you spend at Kohl’s, Yes2You members will earn a point. At 100 points, you’ll earn a $5 coupon for another purchase.
Special sales – As a Yes2You account holders, you’ll get eight discounts per year just for remaining a member.
Birthday gift - On top of those discounts, you’ll get a $10 birthday gift each year.
Bonus points – Occasionally if you’re a Yes2You member, you’ll get the chance to earn extra rewards points by joining in on timely offers.
The Kohl’s app - By downloading the Kohl’s mobile app and logging into your Yes2You account, you can keep track of your rewards. Your earned $5 coupons will appear here as well for easy redemption.
Kohl’s Cash - This rewards program continues to build off what your Yes2You account earns, giving you $10 in Kohl’s Cash back for every $50 you spend.
Kohl’s Pay - This service is set up through the Kohl’s app and gives you the ability to pay with your My Kohl’s Charge Card without having it on you. You can also connect your Yes2You and Kohl’s Cash accounts here, putting all your Kohl’s memberships in one place.
Four ways to pay - No matter what your current situation is, Kohl’s offers a way for you to pay off your My Kohl’s Charge Card balance. You can pay online, over the phone, through the mail or simply in-store with an associate.
My Kohl’s Charge AutoPay - You can attach your checking, savings or money market account to your My Kohl’s online account to make automatic payments on your balance statement.
Who It Benefits
The My Kohl’s Charge Card clearly benefits frequent Kohl’s shoppers the most, as more consistent purchases will significantly earn you both Kohl’s Cash and Yes2You rewards. To make up for the rather high APR associated with this card, it only makes sense if you’re going to be shopping with Kohl’s often.
How It Works
You can apply for a My Kohl’s Charge Card either online or in one of the company’s retail locations, with applications processing within a minute. If approved, you’ll receive the immediate benefit of 35% off your first purchase at Kohl’s when using your new credit account. Once your card comes in the mail, you’ll get another 15% off coupon to use your next time with Kohl’s.
On a yearly basis, you will get 12 or more offers exclusive to cardholders. However, if you spend at least $600 on your My Kohl’s Charge Card, you’ll become a “Most Valued Customer.” This results in an upgrade to 18 special discounts a year.
You can attach your Yes2You and Kohl’s Cash accounts to your My Kohl’s Charge Card as well, further compounding your benefits. Yes2You gets you a $5 coupon for every $100 you spend at Kohl’s and a birthday surprise gift, and you get $10 of Kohl’s Cash for every $50 you spend. You can combine these rewards to make a significant dent in how much you’ll have to spend on your Kohl’s purchases.
Kohl’s gives cardholders four simple ways to pay off their monthly statements. You can do this online, over the phone, in-store or through the mail. However, if you pay online, you can set up the My Kohl’s Charge AutoPay so your charges will be paid off directly from your attached checking, savings or money market account.
The Kohl’s app allows you to add your account to your mobile device, enabling you to pay with your My Kohl’s Charge Card without needing to have it on you. You can add all your various Kohl’s memberships here as well, making it a central place to keep close track of the latest rewards you have to your name.
What's the Catch?
In terms of drawbacks, the My Kohl’s Charge Card has high purchase APR. Though it’s not uncommon for retailer-specific cards to have a high APR, the 26.49% Variable APR is still a hefty percentage for you to face.
Just the Math Please
Rewards
Rewards with the My Kohl’s Charge Card are a bit different, as they show themselves more in the form of discounts. For example, you’ll get at least 12 special offers a year to use next time at Kohl’s. If you spend at least $600, you’ll become a “Most Valued Customer” and thus earn an upgrade to 18 exclusive discounts a year.
All other rewards you earn with Kohl’s will be through its Yes2You and Kohl’s Cash programs that don’t necessarily require having a My Kohl’s Charge Card.
Rates and Fees
Annual Percentage Rate (APR) for Purchases
26.49% Variable. This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers
N/A
APR for Cash Advances
N/A
Penalty APR and When It Applies
N/A
How to Avoid Paying Interest on Purchases
Your due date will be a minimum of 25 days following the close of each billing cycle. We will not charge interest on new purchases provided you have paid your entire balance in full by the due date each month.
Annual Fee
$0
Penalty Fees
Late Payment: up to $38
- Returned Payment: up to $38
How It Stacks Up
Although there’s technically no direct competition to the My Kohl’s Charge Card, it can be compared to other clothing retailer-specific credit cards. The Gap Visa® Credit Card is one of the most popular store cards on the market, so how does Kohl’s alternative compare to it?
The Gap card mainly differs in that it is more of a point-based credit card, whereas the My Kohl’s Charge Card is more discount- and offer-based. The Kohl’s system basically chooses where your rewards will be spent, as the 12 offers a year you’ll receive are specifically set already. The Gap card, by contrast, gives you five points for every dollar you spend, and at 500 points, you get a $5 certificate. So while they both offer rewards benefits, Gap gives you a bit more freedom in how and where you can use what you get back for purchases.
Bottom Line
The My Kohl’s Charge Card offers some decent ways to save on your daily, weekly or monthly buys from the retail outlet. It could be argued, though, that the benefits you can earn just through the use of the Yes2You and Kohl’s Cash programs are plenty, while the 12 to 18 offers and discounts you’d get a year as a cardholder aren’t as significant.
That said, if you’re a frequent Kohl’s shopper, this card is probably a solid option for you.
Next Steps
- Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors in your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
- Saving money is easier said than done, but having a high-yield savings account is a great start. To see what's available today, take a look at our overview of the top savings accounts.
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