Comparing TJ Maxx Credit Card Features for Potential Applicants

TJ Maxx

TJ Maxx is one of the best retailers for people who love to save money on clothing, shoes, accessories and home goods. The store has a little bit of everything, and it’s all marked down from department store prices. This is the store in which you will find pieces from your favorite designers, including Ellie Tahari, Ralph Lauren, Tommy Hilfiger and even Michael Kors. The difference between finding them here versus Nordstrom or some other department store, however, is the price. At TJ Maxx, these things are priced so low you feel almost as if you’re stealing them when you walk out of the store. Of course, no one complains about the savings at the end of the day.

What is even better about TJ Maxx is the fact that it has two sister stores; Marshalls and Home Goods. Both of which are amazing stores. Marshalls, which is just like TJ Maxx, is wonderful for the entire family. Home Goods features all your favorite home goods at discount prices. You’ll find everything from bar stools to bedding to desks here, and every single piece of décor you could image graces the shelves of Home Goods. It’s the best place to find affordable home décor.

If these three stores could get just a little bit better, they’d have a credit card. Oh wait, they do. It’s called the TJ Maxx credit card, and it’s one you can use at TJ Maxx, Home Goods and Marshalls, and that’s just the beginning of all the wonderful benefits of this particular credit card. You can’t use it everywhere cards are accepted, but you can use it at these three stores, and that’s enough in our opinion. Read on to find out whether or not this card is the right fit for you.

Benefits of the TJX Rewards Card

There are so many benefits of having this card, we don’t even know where to start. We’ll start at the beginning. The card is easy to apply for. It takes minutes if you’re in line at your local TJ Maxx, and it can even be done at home from the comfort of your couch and your laptop. It’s not difficult to apply, and it only takes a few minutes. You’ll love that you receive an approval notice in just a few seconds after submitting your application – though it’s important to note that you have to have good credit for this to happen. If you are denied credit with TJ Maxx, the issuing credit card company will send you a letter within 30 business days detailing their reasons for denying you, and offering you the chance to dispute their decisions.

Once you are approved, you can begin using the card immediately. You will receive 10% off your entire first purchase with the card, which is a big savings. You also get reward points with every purchase. No matter which of the three stores you make your purchases, you will receive 5 points for every $1 you spend. Once your balance reaches 1000 points, you receive a $10 gift card to use at any of the three stores. This means you get $10 off after every $200 purchase (whether you make that purchase at once or over the course of a few trips to the store).

There is no annual fee to have this card, which means you’re not paying for anything you choose not to pay for. If you pay off the card in full each month, you do not accrue any interest charges. The card offers a $0 fraud liability, which means you’re not responsible for any of the purchases fraudulently made using your credit card.


There’s not much to list here. The biggest complaint that many people have about this card is the high interest rate. It does not matter whether or not you have amazing credit and a substantial credit limit or an average credit score and a low limit; your annual percentage rate with this card is going to be 26.99 percent. It’s very high, but if you pay off your purchases in full each month it’s not going to make any difference to you.

Another of the downfalls that many people note is the fact that you cannot use this card anywhere but TJ Maxx, Marshalls and Home Goods. However, you could look at this as a good thing. If you can’t use it just anywhere, you can’t run up your balance as quickly and potentially ruin your credit rating and score. It’s the silver lining that comes along with the use of this particular card. In addition, it’s difficult to see what the other fees associated with this card might entail. For example, cash advances and balance transfers are permitted, but it’s difficult to find information stating precisely how much interest these items charge.

An Alternative

If you still feel that this is not the card for you, you should try to apply for the TJX Rewards Platinum Mastercard. This is an upgraded version of the card mentioned above, and it can be used anywhere. It has the same point reward system when used at Home Goods, TJ Maxx and Marshalls, with the added benefit of being able to accrue 1 point for every $1 spent at all other stores and locations. The interest rate on this particular card is a lower 23.74 percent. It’s not a low rate, but it’s a much lower rate than the other card. The only issue with this card is that it is not available to just anyone. You must possess excellent credit to receive this card. It’s not one for people who are trying to rebuild their credit or even begin accruing credit. This is a card that’s for those who have established credit, have a great score and have no questions on their rating whatsoever. If these apply to you, this is a great card to try for since it does have a lower rate and the ability to earn far more rewards than other cards.

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