Barclays
Old Navy Encore Mastercard
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | 30% off first Old Navy purchase |
| Rewards Rate | 1x-5x Points on purchases |
| Regular APR | APR for purchases 33.49% This APR will vary with the market based on the Prime Rate. APR for balance transfers 33.49%, when using your Mastercard. This APR will vary with the market based on the Prime Rate. APR for cash advances 33.49%, when using your Mastercard. This APR will vary with the market based on the Prime Rate. |
| Other Fees | Balance transfer fee Either $5 or 5% of the amount of each transfer, whichever is greater, when using your Mastercard. |
| Network | Mastercard |
About this card
The Old Navy Encore Mastercard receives an overall rating of 1.6, placing it firmly in the 'Poor' category. This assessment is predominantly driven by its exceptionally high regular APR of 33.49%, which is a critical and potentially predatory feature for any credit card, especially one targeting individuals in the 'Fair' credit tier (580-669 FICO score). For this demographic, carrying a balance is a common occurrence, and such a prohibitive interest rate will swiftly negate any rewards earned and lead to significant debt accumulation. While the card offers strong niche rewards (5X points at Gap Inc. brands) and comes with the advantage of a $0 annual fee, these benefits are severely undermined by the astronomical cost of borrowing. The rewards program, despite its high earning rates for loyal shoppers, is also hampered by restrictive redemption options. The fee structure is mixed: excellent with no annual fee, but poor due to the high balance transfer fee. The card's reputation, as detailed in the analysis, reinforces its limitations, being viewed positively only by a very specific and disciplined segment of consumers who never carry a balance. For the vast majority of consumers, and critically for its intended audience who may need to carry a balance, the financial risk posed by the APR far outweighs any potential rewards or fee advantages. This makes it a low-value and generally not recommended credit option.
Pros & Cons
What's great
- No annual fee
- Sign-up discount on first purchase
- High rewards rate for purchases at specific retailers
- Rewards on all other purchases
- Additional retail-specific perks
Things to consider
- High regular APR
- No introductory APR period
- High balance transfer fee
- Rewards are most valuable at specific brands
What this card offers
Sign-up bonuses
- Receive 30% off your first purchase with your new card at Old Navy
Rewards
- Earn 5X points for every $1 spent at the Gap Inc. family of brands
- Earn 3X points for every $1 spent at all eligible retail apparel brands
- Earn 1X points for every $1 spent everywhere else Mastercard is accepted
- 500 points = $1 Reward redeemable in the Encore Market with exclusive products, offers, and experiences or on purchases at the Gap Inc. brands
Other features
- No Annual Fee
- Early Access & Partner Perks Special events, discounts, and other top perks
- Enjoy Flexibility of Digital Wallets Such as Apple Pay and Google Pay
- Encore Market Redeem points for exclusive products, offers, and experiences
- $0 Fraud Liability Protection You’re not responsible for charges you did not authorize
- Complimentary FICO® Score Keep an eye on your credit with complimentary online access to FICO Credit Score
- Free shipping on all online orders $35 or more
Additional Notes
By applying, you agree that you’ll first be considered for the Old Navy Encore Mastercard which can be used anywhere Mastercard is accepted. If not approved for the Mastercard, you’ll then automatically be considered for the Old Navy Encore Credit Card which can be used across all Gap Inc. stores and online.