Old Navy Credit Card review: Is it a good deal for loyal shoppers?

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In a Nutshell

When you apply for a credit card at Old Navy, you’ll be considered for two credit cards: the Old Navy Visa® Credit Card and the Old Navy Credit Card. The approval process is based on your creditworthiness, but regardless of which card you’re approved for, you’ll be able to earn and redeem rewards at any Gap Inc. brand store.

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If you’re an avid shopper at Old Navy or any other Gap Inc. brand store — Athleta, Banana Republic or Gap — it might be a good idea to apply for an Old Navy credit card.

There are actually two Old Navy credit credits offered.

  • Old Navy Visa® Credit Card
  • Old Navy Credit Card (valid only at participating Gap Inc. stores or online)
What we like Heads up
  • Earn 5 points per $1 spent on all Gap Inc. brand purchases
  • 20% off the first qualifying purchase made with your Old Navy card, within 90 days of account opening
  • No annual fee
  • Earn 1 point per $1 spent on Old Navy Visa® Credit Card purchases made outside of the Gap Inc. brand
  • High interest rates and fees

 

All applicants are considered for both. When you apply, you’ll first be considered for the Old Navy Visa® Credit Card. But if the card issuer, Synchrony Bank, doesn’t approve you for that card, you’ll then be considered for the Old Navy Credit Card.

What kind of rewards will you get with an Old Navy card?

Both cards allow you to earn five points for every dollar spent at any Gap Inc. brand store — both in store and online — which can be redeemed for shopping rewards. And for every 500 points earned with either card, you’ll receive a $5 merchandise reward, up to $250 in rewards will be issued per billing cycle, that can be redeemed at any Gap Inc. brand store.

One downside to the Old Navy Credit Card: Members can only use their card at Gap Inc. brand stores. On the other hand, Old Navy Visa® Credit Card holders can use their card everywhere that accepts Visa® and will earn one point per $1 spent on those purchases, in addition to the five points earned at Gap Inc. brand stores.


  1. The rundown: Everything we like about the Old Navy credit cards
  2. Heads up: What you should consider before applying for an Old Navy credit card
  3. Do the math: How to get the most out of the Old Navy credit cards
  4. The competition: How Old Navy credit cards stack up against similar cards
  5. Bottom line: Is an Old Navy credit card right for you?

The rundown: Everything we like about the Old Navy credit cards

With high interest rates and fees, store credit cards can get a bad reputation. But if you’re an avid Gap Inc. brand shopper (and good about paying off your balance in full and on time each month), then one of the Old Navy credit cards might be a nice addition to your wallet. Here’s what we like about them.

In-store purchase rewards

You’ll earn five points for every $1 spent at Old Navy, Athleta, Banana Republic and Gap. For every 500 points earned, you’ll receive a $5 reward (up to $250 issued per billing cycle) that can be redeemed in any Gap Inc. store. Rewards only expire if your account is inactive for 24 months or if the expiration date on a particular reward passes, so you should have plenty of time to save rewards for a big purchase or back-to-school shopping as long as you maintain your account and monitor reward expiration dates.

A sign-up bonus that can add up

Even though 20% off your first purchase might not sound like a lot, the savings can add up if you use it on a big purchase. The key requirements are minimal, but important to note: The bonus must be used within 90 days of your account open date, and it’s only valid for Old Navy merchandise. But it is applied to your entire purchase, not just one item.

No annual fee

Don’t worry about budgeting for annual fees. Both Old Navy credit cards — the Old Navy Visa® Credit Card and Old Navy Credit Card — boast of no annual fees.

Heads up: What you should consider before applying for an Old Navy credit card

The Old Navy credit cards are designed for avid Gap Inc. brand shoppers, so they may not be the right fit for everyone. Here’s what you might want to be aware of before applying.

Significantly fewer rewards for out-of-brand purchases

For purchases from stores that aren’t part of the Gap Inc. brand, you’ll earn one point for every dollar you spend with the Old Navy Visa® Credit Card. Compared to cash back credit cards — like the Citi® Double Cash Card , which offers 2% cash back (1% when you make purchases plus 1% when you pay for them) — the points-earning opportunity on the Old Navy Visa® Credit Card is not so impressive.

It’s also important to note that Old Navy Credit Card holders can’t use their card at any stores other than those in the Gap Inc. brand network.

High interest rates and fees

The variable purchase APR of 26.49% for both Old Navy credit cards is fairly high. If you tend to carry a credit card balance, it might be a good idea to search for cards with lower interest rates, like the Capital One® VentureOne® Rewards Credit Card , with its variable purchase APR of 14.24% - 24.24%, in order to save on monthly charges if you think you’ll carry a balance.

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The fees for Old Navy credit cards can also add up — up to $38 for late payment fees and a 3% foreign transaction fee, as well as a 4% ($10 minimum) cash advance fee specifically on the Old Navy Visa® Credit Card.

FAST FACTS

Old Navy credit cards: How to make a payment

With options to make payments online, by phone or by mail, you may find it’s easy to pay your Old Navy credit card bill each month.

Online

In order to make a payment online, you first need to access your Old Navy credit card account through Synchrony Bank’s Old Navy portal. You’ll need your user ID and password to log in. Once you’ve accessed your account, you’ll be able to make a payment by clicking on the “Make Payment” button.

By phone

Paying your credit card bill over the phone is the only option that isn’t free. For a fee, you’ll be able to call and pay your bill.

By mail

You can make a payment for the Old Navy Credit Card by mailing a check or money order to Synchrony Bank. You can confirm where you send your payment with Synchrony. 

Do the math: How to get the most out of the Old Navy credit cards

Whether an Old Navy credit card is a worthwhile card to add to your wallet largely depends on how often you shop at Gap Inc. brand stores. For regular Gap Inc. brand shoppers, an Old Navy card may make sense.

You could also look into getting Navyist status, which is one of the ways that Old Navy rewards its cardholders. To qualify for the Navyist upgrade, you’ll need to earn 5,000 points within a calendar year, make at least the minimum payment on time after reaching 5,000 points, and keep your account in good standing.

The upgraded status comes with some useful perks.

  • Free online shipping (3–5 business days to a U.S. address) from any Gap Inc. store
  • Free basic alterations on merchandise purchased at Banana Republic (excludes previously purchased merchandise along with leather and suede goods)
  • A quarterly bonus of 20% rewards points (for example, if you’ve earned 1,000 rewards points by the end of the quarter, you’ll get an additional 200 rewards points credited to your account)

Because you’ll earn five points for every $1 spent at Gap Inc. brand stores, the quickest and most effective way to reach Navyist status is by spending $1,000 at the brand stores in a calendar year with either Old Navy credit card. Achieving Navyist status through purchases from other stores (for Old Navy Visa® Credit Card holders) would require spending significantly more — $5,000.

However, if you plan to primarily use an Old Navy credit card for everyday purchases like groceries, gas and bills, then you might be better off with a general cash back credit card.

The competition: How Old Navy credit cards stack up against similar cards

Best for online shopping Amazon.com Store Card
No-hassle cash back Chase Freedom Unlimited®
All-in-one store credit card Target REDcard™

Amazon.com Store Card

If you’re looking for a versatile store credit card that you can use to buy everyday items, then the Amazon.com Store Card might be for you. Whether you need groceries, clothing, textbooks or food, you’re likely to find it on Amazon — that’s the primary difference between the Old Navy credit cards and the Amazon.com Store Card. With Amazon, you aren’t limited to buying clothing and other items from a specific brand. Other features are similar though — no annual fee and 5% back at Amazon.com if you join Amazon Prime. The drawback with this card: To get the 5% back, you’ll need to sign up for Amazon Prime, which costs $12.99 a month, or $119 for an annual membership.

Chase Freedom Unlimited®

If you’re more interested in earning cash back than you are in earning rewards, then Chase Freedom Unlimited® is an excellent option. Earning cash back is simple and easy — you’ll earn 1.5% cash back on every purchase. You’re not limited to a specific brand to earn the most points, like with the Old Navy credit cards. You simply make your eligible purchases anywhere and redeem your cash back each billing cycle.

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Chase Freedom Unlimited®

From cardholders in the last year

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Target REDcard™

If you find yourself at Target more often than Old Navy, and you’re looking for a store credit card with easy-to-understand rewards, then the Target REDcard™ might be a better option. Instead of offering rewards or cash back, the Target REDcard™ boasts 5% off every purchase at Target and Target.com. And it gets you free two-day shipping on certain items when you shop at Target.com, whereas the Old Navy credit cards only offer free shipping of 3–5 business days to Navyist card members. If you’re an avid Target shopper, then the discount can add up quickly, especially if you tend to shop for everything — food, clothing, toys, home goods and more — from Target.com or a Target store.


Bottom line: Is an Old Navy credit card right for you?

If you’re an avid Gap Inc. brand shopper or tend to spend $1,000 or more at their stores each year, then one of the Old Navy credit cards — either the Old Navy Visa® Credit Card or the Old Navy Credit Card — might be a good addition to your wallet. But if you only shop occasionally, then you might be better off with a more versatile store credit card or a general cash back card with higher rewards.