Yes, it has a high interest rate, as most retail cards do. For those of you who are complaining about the high interest rate AFTER you apply, AFTER you make your purchases, AFTER you receive your first bill...that is ridiculous, and you shouldn't be utilizing credit cards if you don't understand how they work or read the small print. It is clearly marked in the credit card notice you receive with your card. Retail cards like this almost always have very high interest rate percentages. Do not apply for a card like this if you can't handle a high interest rate or if you have a spending problem. That's on you, not the parent company, and not the bank that underwrites them. It's on you. Write a complaint about yourself and your inability to abide by the agreement you signed up for.
That being said, there are companies that pull shady tricks with their credit cards, and I can't speak to those with this card. I have had my TJX card for two years now without issue. Always received my rewards. Always had pleasant conversations with customer service when I had questions.
I can't believe someone had the gall to write a complaint about how the customer service line was too "staticky" and that they were yelling to the rep to call them back and GASP...they didn't. Are you kidding me? Grow up, people. Hang up and call them back. Again...quit blaming the company for the proactive things you should be doing as a consumer with debt.
This card serves its purpose. There is nothing wrong with it, and they are not violating any rules. Read the fine print, and understand what you are signing up for. A 29.99% interest rate is high, but it is not a problem if you pay your bill on time. If you want to buy $2,000 worth of stuff at TJ Maxx and can't cover it in a couple months, don't buy $2,000 worth of stuff. Simple. This card is not for you.