Hot Topic Credit Card: Hot Topic provides an amazing credit card for those consumers who frequently visit Hot Topic stores and also this card might be aideal option for them. As this hot topic credit card cannot be used elsewhere other than at Hot Topic stores, so it hardly makes any sense to apply for it in case a person do not shop at the stores of this chain frequently.
Hot Topic Credit Card
The first thing to mention in this Hot Topic credit card is basically the fact that this hot topic credit card comes without an yearly charges, but with a high purchase APR. So even in case a person want to make a purchase with credit funds, there is a recommendations that the topay that debt off in 25 days which is the the interest free period.
The other fees of this zuliy credit card are heavy as well: late fees and return payment fees can be as high as $38 every year.
Even though this hot topic credit card is really a poor option for those who are paying with credit funds, the bonuses it provides are truly worthwhile. First of all, there are the actual rewards which are offered by thishot topic credit card. So, a person will get 1 point for every $1 that a person will spend at Hot Topic stores. After a person has reach 100 points, he can redeem them towards $5 for Hot Topic purchases. Which actually leaves the user with the astonishing 5% rewards rate.
About the Comenity Bank:
Comenity Bank or the Comenity Capital Bank is actually owned by Data Alliance and they together manage multiple consumer loyalty programs.
In general they work with retail locations and offer a person with the store credit cards, rewards programs and marketing information to retain customers.
Also there are some of the have a horrible reputation for cancelling consumers store credit cards of people who pay off their credit cards regularly and does not pay interest.
This not means that matter how much a person charge on their credit card, or how long a person have had it, in case they are not making money in the form of interest or late payments, and a person pay off his card.
There are many complaining feedback for the comenity bank as all about how bad comenity bank’s credit score was affected after having their revolving credit account closed for no reason.
Beware to that, signing up for a store credit card which is issued by Comenity Bank or Comenity Capital Bank can cost a person or the user a lot of money.
Benefits: Hot Topic Comenity Bank:
This Hot Topic Comenity Card provides the exact similar benefits which are also available to person in case a person has just sign up to be a Hot Topic Member and not for their credit card.
The Rewards of the Hot Topic include:
- 1 point for each consumer $1 spent, automatically earn $5 reward (which is expires in time span of 45 days) for every 100 points earned
- Exclusive offers
- Special birthday month deals and guest list anniversary
Comenity Hot Topic Card basic features:
So, here are some of the basic features of the Comenity Hot Topic Credit card explained:
- Type of the card: Unsecured
- Interest rate: 26.49% Variable
- Annual fee: $0
- Rewards: Earn 1 point for every $1 spent, automatic reward of $5 for every 100 points
- Security deposit: None
- Foreign transaction fee: N/A
- Credit reporting: Reports payment history to all three credit bureaus.
- Cash advance fee: N/A
- Cash advance APR: N/A
- Late payment fee: Up to $39.00
- Returned payment fee: Up to $39.00
- Over The Credit Limit: None
Remember that in case a person payoff the complete balance of his card regularly, Comenity Bank may close his Hot Topic Credit Account which could hurt the overall credit score.
Some of the Steps To Take After a person is Approved:
The real work starts as the person have been approved for his Hot Topic Comenity Credit Card.
- Monitor the Credit
One of the most overlooked areas of building credit, is monitoring the credit, which is truly his first line of defense while he is trying to build or rebuild his credit.
A person or the consumer should try to find a service which allows him to monitor all 3 of as his reports.
- Helpful Tip
In case a person’s application goes to “Pending” status it does not mean it has been declined. Generally for that more information may be needed.
- Make On Time Payments
Making on time payments sounds like a simple thing to do, still, we all live in the real world where things almost never go as have planned before.
So make sure that, no matter what, to make the payments on time because it is super important and is one of the largest factors in the credit score.
No matter what, avoid late payments.
- Keep Credit Utilization Low
credit utilization is Another factor to consider in, a person will really want to keep this under 3% of total credit in case he can but try to never get it over 15%.
For example, in case a person’s Guestlist card has a $300 limit and as a person spend $60.
Spending $60 on a $300 card limit means that a person is utilizing is around 20% of his credit on that card and it is above the recommend credit utilization percentage, so be mindful of how much you spend.
Read More: Dicks Credit Card
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