The Kohl's credit card is a payment tool that can benefit you in various ways. Not only does it provide you with a line of credit to be paid off over time, but you can also enjoy bonuses and discounts on the products you purchase.
In this article, we’ll show you how to apply for a Kohl’s credit card, the advantages of including it in your payment options, and important things to consider before applying. Below, we outline the topics we’ll cover.
- About Kohl’s
- What is the Kohl’s Credit Card?
- Kohl’s Credit Card Fees
- How to Apply for a Kohl’s Credit Card
- Requirements for Getting a Kohl’s Credit Card
- Kohl’s Rewards Program
- Benefits of Using the Kohl’s Credit Card
- Kohl’s Contact Information
About Kohl's
Kohl's is a retail store chain that ranks among the most prominent companies in the United States—not only for the number of locations it has across the country, but also for the benefits it offers.
Kohl's has risen to the very top of the market, becoming a company with a well-established track record and a substantial reach among consumers.
Like many such chains, Kohl's aims to reward its customers with deals, rewards, and even flexible payment options for frequent shoppers.
Kohl's Partnership with Capital One
As a strategy to attract more customers and reward those who regularly shop at its stores, Kohl's and Capital One joined forces to launch the Kohl's Credit Card.
As we know, Capital One is a financial group that specializes in offering banking products, designed not only to enhance a business’s profile but also to give customers more purchasing options.
Following the example set by similar companies, they decided to offer customers the ability to buy products on credit at Kohl’s stores.
What is the Kohl's Credit Card?
The Kohl's credit card is a financial product designed for people who need to shop at this retail chain but may not have the funds available to do so.
This card has gained popularity not only as a tool to increase your purchasing power, but also because of the rewards and bonuses available when you apply.
One of its most notable features is that you won't have to worry about paying an annual fee for this card.
Key Features of the Kohl's Credit Card
We know this is a credit card that can only be used for purchases within the Kohl's store network, but there are several other features that set this card apart.
- It’s one of the few cards that gives you a significant discount on your first purchase.
- It has a rewards program where you earn points for every purchase, which you can later redeem for products at Kohl's stores.
- You can shop online at the Kohl's website using this card.
- When you make a payment on your balance, it is credited immediately, allowing you to use your available credit right away.
However, one of the main characteristics is that the credit line offered is relatively low. Still, it’s worth noting that you have the option to request a credit limit increase.
Kohl's Credit Card Rates
We know that these types of credit cards give you the option to pay in installments. However, it's important to understand that you'll need to pay a percentage of your purchases for this service.
Since this card can only be used at Kohl's stores, like many store cards, the interest rate is higher than what you'd get from a traditional bank card.
For the Kohl's Credit Card, the rate is around 27%, and it's important to note that this is a variable rate. In other words, it may change in the following months.
Fees Applied Under Certain Conditions Set by Kohl’s
In addition to the interest you are required to pay on your purchases, this retailer also expects you to cover fees associated with the following situations:
- An APR of up to 29.99% as a penalty interest rate if you miss a payment. This rate may vary depending on the issuing entity.
- On top of the penalty rate, you will be charged a $39 late payment fee for payments made after the due date.
- If your payment is returned for reasons outside the company’s control, you will be responsible for a fee of up to $28.
It’s important to note that this type of card does not charge an annual fee. Additionally, you can avoid interest charges if you pay your balance in full before the due date.
How to Apply for a Kohl's Credit Card
One of the reasons this card has a high interest rate is that the application process is very simple, and any customer can apply. To apply, just follow these steps:
- Go to the Kohl's website.
- On the main page, find the credit card application button and click on it.
- A form will appear where you’ll need to enter your personal information, including your first and last name, email address, phone number, home address, and Social Security number.
- Also enter your total annual income.
- Click on the “Apply Now” button and follow the system’s instructions.
- After verifying your information, the system will process your application to determine if you meet the required criteria.
It’s important to note that the company will review your credit history, so if you have a poor track record with similar products, your chances of approval may be quite low.
How can I pay my Kohl's Credit Card?
To pay off your balance with this store chain, you just need to go to any of their locations and let them know you’d like to make a payment.
If you prefer to pay online, you can set up an automatic deduction for the minimum monthly payment from any of your bank accounts, or you can authorize a debit from a credit card issued by another bank.
However, it’s important to note a specific condition for this latter method: you can only link one credit card to pay the amount owed on your Kohl’s card.
Requirements for Applying for a Kohl's Credit Card
While applying for this credit card doesn't involve a long list of requirements, it's important to outline them clearly to minimize the risk of having your application denied.
- You must be at least 18 years old.
- You need to have at least one valid form of identification, preferably including your Social Security Number.
- Although a minimum income is not specified, it is important to show that you receive a certain amount of income each month.
- You must have a bank account.
- If you are self-employed, you must prove the consistency of your income.
- If you are a foreign national, you must show that you are legally residing in the country.
Even if you meet these requirements, it's important to have maintained a positive credit history, as this is the main factor in getting your credit card application approved.
Documents Required When Applying for the Kohl's Card
It's important to know that the information you provide in the online application form must be supported by the required documents. Some of these include:
- Valid identification document.
- Bank statements that verify your reported income.
- Proof that you have a bank account in your name.
- Document verifying your home address.
Be sure to submit these documents when you complete your application. Failing to do so could result in your application being denied by the company.
Kohl's Benefits Program
As we've mentioned before, in addition to offering a credit fund with payment terms, Kohl's also rewards you with bonuses and discounts on your purchases.
It's also important to highlight that by getting this card, you can enroll in the Yes2You Rewards program, which gives you one reward point for every dollar you spend with this card.
Once you've accumulated 100 points in your account, you'll receive a $5 cash reward—equivalent to getting 5% back on what you spend.
Are there any exceptions to product discounts?
Yes, the discounts advertised by Kohl's do not apply to all products sold at this store. For this reason, it's important to be aware of the specified exceptions. Some brands are excluded from discounts.
- Calvin Klein
- Columbia
- Crocs
- Draper James
- Eddie Bauer
- KitchenAid
- Koolaburra by UGG
- Lands' End
- Scentworx
- S'well
- Tommy Hilfiger
- TOMS
- Vera Bradley
However, make sure to check the details of each offer to be certain which products are included and to use your card efficiently.
Advantages of Using the Kohl’s Credit Card
We’ve already mentioned some of the benefits of applying for this card, but it’s worth highlighting in a list the features that make this card a strong option in the market.
- You can apply for this card online or by visiting any store location.
- The requirements set by the company are simple and easy to meet.
- In addition to having the option to defer your debt, you can take advantage of discounts and special offers.
- Making payments is easy, and if you pay off your balance before the closing date, you’ll avoid any interest charges.
- It offers a rewards program where you can earn points, and even receive bonuses when you reach certain milestones.
The approved limit for this card isn’t particularly high, but it’s perfect for those who are just starting to build their credit history.
Disadvantages of Choosing a Kohl’s Credit Card
Although there are many advantages, it’s important to be aware that there are certain aspects of this credit card that can put it at a disadvantage compared to other cards of this type.
- It’s a limited option, since you can only use it at Kohl’s stores.
- The interest rate is quite high when compared to conventional credit cards issued by other banks.
- You can’t make transfers or cash advances.
- And of course, it doesn’t offer international coverage.
However, this can be offset by the fact that it’s easy to get and is aimed at people who want to start building credit, making it a useful tool for establishing a credit history.
Kohl's Contact Information
If you need advice about applying for this credit card, you can visit the Kohl’s headquarters located in Menomonee Falls, Wisconsin, USA.
You can also visit any Kohl’s location across the country to ask for information. To find the store nearest you, just go to the website and select the My Store section.
Kohl's Phone Number, Email, and Website
To get in touch online with anyone authorized to issue Kohl's cards, you can email general.help@kohls.com or call customer service at 855-564-5748.
To check the details and terms of this credit card, and to view any exceptions to your transactions, visit the Kohl's website, in the Kohl's Cards section.
Conclusion
Department store credit cards can provide you with many benefits if you use them wisely and make your payments on time.
Disclaimer: Approval for this credit card involves accepting certain types of risk, so we recommend that you carefully review and fully understand the terms and conditions provided by Kohl's.
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