Old Navy Visa® Credit Card Review

Old Navy Credit Card Review
The Old Navy Credit Card is loaded with rewards and comes with no annual fee, but is it worth it?
  • Annual Fee:
    $0
  • Regular APR:
    25.99% Variable
  • Credit Score:
    670 - 850

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Most people have a favorite clothing retailer. Sometimes these retailers offer cards that allow you to get better deals when used in their stores.

Old Navy® is one such retailer. They’ve partnered with Synchrony Bank to offer a Visa credit card to those who may be interested.

If Old Navy® is a personal favorite, this may be great news for you.

But even if you frequently shop at Old Navy, it’s always a good idea to compare your options before committing to a credit card.

So, is the Old Navy Visa® a good credit card? Who is it right for? And what are the major pros and cons?

This article will answer all the questions you may have so you know if the Old Navy Visa® is a good fit for you?

Old Navy Visa® Credit Card Pros and Cons

Pros:

  • 20% off your first purchase at Old Navy® or its sister stores.
  • 5 points on every $1 purchased at Old Navy® and its sister stores. This basically equates to 5 % off future store purchases.
  • No annual fee.
  • Exclusive early access to sales for Old Navy Visa® cardholders.
  • Potential for even bigger benefits. If you earn 5,000 points in a calendar year, you qualify for Navyist status, which grants increased benefits to those who achieve it.
  • Free shipping on all purchases at Old Navy® and sister stores

Cons:

  • Limited use for the 5-day introductory discount. The discount can only be used at Old Navy® and its sister stores. While a decent discount, there are stronger sign-on bonuses within the credit card world.
  • Low reward rates for purchases outside of Gap Inc.® brand stores. Other credit cards offer more versatile rewards.
  • There is a 3 % fee on all foreign transactions, limiting the usefulness of the card.
  • High APR. This card carries a 25.99 % APR, which is quite high.
  • Rewards are only redeemable at 500 points. This means that you might not have the rewards ready when sales are happening, keeping you from maximizing their usefulness.

Old Navy Visa® Credit Card Review

  • Annual Fee: $0
  • Regular APR: 25.99%
  • Rewards: 5 points per dollar spent at Gap Inc. brands, 1 point per dollar spent everywhere else.
  • Foreign Transaction Fee: 3%
  • Sign-Up Bonus: 20% off first purchase at Gap Inc. brands

Old Navy Visa® Credit Card Rewards

The Old Navy Visa® credit card offers wildly varying rewards depending on where you use it.

Earning Rewards

How you earn rewards depends on where you use the Old Navy Visa® credit card.

For purchases made at Old Navy or its sister stores (Gap®, Banana Republic®, Athleta® and Hill City®), the card offers 5 points per dollar spent. The card is primarily designed for those who frequent these stores. It makes sense that the rewards would be strongest here.

The rewards rate plummets to just 1 point for every dollar spent for purchases made outside of these places. When compared to other credit cards, this rewards rate is pretty unremarkable.

To understand what these rewards mean for your finances, let’s look at how you go about redeeming them.

Redeeming Rewards

Each point you earn is essentially equal to 1 cent. In other words, 100 points have the potential to save you a dollar.

It isn’t as simple as that, though.

You can’t use the rewards you earn anywhere but within Old Navy® and its sister stores. Even the points you earn on purchases outside Old Navy® are still only redeemable within Gap Inc.® stores.

This is deeply limiting to the card’s functionality. While many cards incorporate higher rewards rates within the store or institution that issues them, most will still allow you to redeem those rewards as part of your card payments.

This allows you to use the rewards you earn to pay off your balance, regardless of where you shopped to acquire it.

The Old Navy® card prevents you from doing this because the points are only useable as coupons within Gap® umbrella stores.

Additionally, you can’t redeem your points until they’ve hit 500. While this might not seem like a big deal, it can further reduce the effectiveness of the card.

The best way to capitalize on the Old Navy Visa’s® rewards is to combine them with ongoing sales. If you don’t have 500 points when a sale hits, you may not be able to do this.

That being, the points are still valuable if you are a frequent shopper at these stores. They can wrack up quickly.

Since the card is issued directly by Old Navy®, this is probably the strongest rewards system you’ll get if your focus is only on Rewards for Old Navy® and its sister stores.

Old Navy Visa® Credit Card Features and Benefits

One of the top benefits of the Old Navy Visa® is the introductory bonus. The card offers an immediate 20 % off your first purchase within Gap Inc.® stores.

Easily Earn Points

As mentioned above, you also receive 5 points for each dollar spent in these stores. For all other purchases, you receive 1 point per dollar spent.

For those that shop at Old Navy® frequently, these points accumulate quickly. Spending $100 will immediately net you a 5-dollar reward for your next purchase at any Gap Inc.® brand store.

Members-Only Exclusive Offers

Additionally, Old Navy Visa®‘s credit cardholders receive exclusive offers and sales.

Old Navy® frequently informs its cardholders of sales early, allowing them to browse items on sale before selling out.

They also run card holder-only sales. These sales can be combined with the rewards to maximize savings.

No Annual Fee

The Old Navy Visa® is a free-to-use credit card. There is no annual fee, and so long as members pay off their balance each month and don’t make any foreign transactions, they will pay nothing while still accumulating rewards.

Free Shipping

Finally, Old Navy Visa® cardholders get free 3-to-5-day shipping on all orders at Old Navy and its sister stores. If you frequently shop at these stores, this can save you a significant amount of money over time.

How Does the Old Navy Visa® Credit Card Compare to Other Credit Cards?

#1. Old Navy Visa® Credit Card vs. Citi® Double Cash Card

The Citi® double cash card is a card that offers 2% cash back on all purchases. You receive 1% at the time of purchase and an additional 1% when you pay it off.

Like the Old Navy Visa®, there is no annual fee for the Citi® double cash card.

The APR for the Citi® double cash card is lower than that of the Old Navy® card. APR ranges from 13.99 to 23.99%, meaning it can be significantly lower than the Old Navy® card.

Ultimately, the Citi® double cash card is far better for general use. However, if you are concerned primarily with Old Navy® purchases, the Old Navy® card offers better rewards in-store.

#2. Chase Freedom Unlimited® vs. Old Navy Visa® Credit Card

The Chase Freedom Unlimited® card offers fantastic rewards on a variety of everyday purchases.

The card offers 1.5% cash back on all purchases, 3% on dining and drugstore purchases, and 5% on Chase® Travel purchases.

Like the Old Navy Visa®, the card has no annual fee.

The Chase Freedom Unlimited® card offers a variable APR from 14.99 to 24.74%, depending on the applicant’s background. This is lower than the Old Navy® cards.

Again, this card is better suited to everyday purchases. That said, the Old Navy Visa® will deliver better rewards within its limited scope, so if that is your primary focus, you may want to go with the Old Navy® card.

#3. Old Navy Visa® Credit Card vs. Capital One® Walmart Rewards® Mastercard

The Capital One® Walmart Rewards® Mastercard is another store-issued credit card.

It offers 5 % cash back on all online Walmart® purchases, 2% on in-store Walmart® purchases, dining, travel, and 1 % on all other purchases. This makes it quite a bit more versatile than the Old Navy® card.

Both cards have no annual fee, meaning they can potentially cost nothing to use.

The variable APR range for the Walmart® card is 17.99 to 26.99%. It can be higher or lower than the Old Navy® card, depending on the applicant’s status.

Ultimately, the Capital One Walmart® card wins out in versatility, but as with the cards mentioned above, it won’t be as beneficial if your focus is exclusively on Old Navy® and its sister stores.

#4. Amazon Prime Rewards Visa Signature Card® vs. Old Navy Visa® Credit Card

Like the Old Navy Visa®, the Amazon Prime Rewards Visa Signature Card® is a company-specific card.

Both cards have no annual fee, meaning they can potentially be used for free.

The Amazon® credit card offers 5% cashback on Amazon® and Whole Foods® purchases so long as the cardholder has an Amazon Prime® membership. You earn 2% cash back at restaurants, drugstores, and gas stations and 1 % on all other purchases.

The Amazon® card has a variable APR below the Old Navy Visa®, ranging from 14.24 to 22.24%.

The Amazon® card is significantly more useful for most daily purchases, but if you frequently purchase from Old Navy® or its sister stores, that may be a better fit.

Frequently Asked Questions

Is the Old Navy Visa® Credit Card Worth it?

The Old Navy Visa® credit card can be worth it if you frequently shop at Old Navy® or its sister stores and pay off your balance each month. That being, as an everyday use card, the Old Navy® card falls flat against the competition.

What Credit Score Do You Need for Old Navy Visa® Credit Card?

While the answer varies slightly depending on other factors, you generally need a credit score of at least 700 to qualify for the Old Navy Visa® credit card.

What Is the Annual Fee for Old Navy Visa® Credit Card?

The Old Navy Visa® credit card has no annual fee. It’s free to use so long as you don’t make any foreign purchases and pay off your monthly statement.

Bottom Line: Old Navy Visa® Credit Card Review

The Old Navy Visa® credit card can help you save a significant amount of money at Old Navy® and its sister stores.

That said, as a general credit card, it is extremely limited. If you want a card for everyday use, you’re better off going elsewhere.

If you are looking for a card solely for your clothes shopping and frequent shopping at Old Navy®, this card may be worth adding to your wallet. Just don’t expect big rewards on daily purchases.

Bradon Matthews
Bradon Matthews

Bradon Mathews is a personal finance writer & product analyst with a breadth of experience. He enjoys analyzing market information and trends to help you make sense of the complex and ever-changing world of finance. His passion is providing practical advice so you can feel more confident managing your money. Bradon attended Colorado State University where he studied Philosophy.