What Credit Score is Needed for a Nordstrom Card?

April 10th, 2012 | Author:

Department store cards are a convenient line of credit that allows you to make regular purchases, and the occasional large purchase, through the use of a credit building department store card. These cards are a great way to take advantage of different offers, sales and discounts that are only available to cardholders. These are also a great way to build credit, or to make purchases that can easily be paid off, in full, before the end of the grace period.

Nordstrom is a popular department store that offers a traditional department store card. This card has special perks, as cardholders are privy to special discounts, deals and sales that non-cardholders do not qualify for. It also makes department store purchases convenient and easy to budget for.

Credit score requirements are not generally as stringent with department store credit cards, as they are with traditional credit cards. This means that younger people looking to build credit, or those looking to try to rebuild credit, often look towards these types of cards. If they are only used for small purchases that can easily be repaid, this is a great way to build or improve one’s credit score.

To qualify for a Nordstrom card, you need to have fair, good or excellent credit. While there is no minimum credit score required to apply for a Nordstrom department store card, it is generally recommended that your score be at least 684 or higher, and that there are no negative judgments or defaults on your recent credit history.

The credit line you are extended and the interest rate you receive will be dependent on both your credit score and credit history. The better your credit score, the higher your limit will be and the lower your interest rate will be. Interest rates for this card range between 10.99 to 20.99%, and this is a variable interest rate. Those with lower credit scores will receive a lower limit and be in the higher interest range bracket.

This is one of the better department store cards as the interest rates are far more favorable than many other department cards. Many have a flat interest rate that, no matter what your credit score, you will be charged. With a Nordstrom card, your interest rate is commiserate with your credit score. This makes it a more attractive option than many other department store cards, as the interest rates are fair, and you still get to take advantage of the cardholder perks.

Newest Answers

Your Rights with Debt Collectors

July 20th, 2016 | Author:
h

[D]ealing with a debt collector can be frustrating and even downright scary. Some of them use unscrupulous tactics to attempt to force you into paying a bill. Before you contact a debt collector or talk to them, you should know your rights. A Right to a Written Notice A debt collector is obligated to provide […]

Continue Reading »

What You Should Know about Installment Loans

July 18th, 2016 | Author:
h

[I]nstallment loans are a type of personal loan with no collateral. You are given a loan which you will pay back with regular payment. They may be set up monthly, bi-weekly or with some other timeframe. Before applying for one, you should understand what they are, how they work and what they can do for […]

Continue Reading »

How to Use Nontraditional Credit To Help You

July 11th, 2016 | Author:
h

[I]f you’re like many people with bad credit or past credit problems, you may not qualify for traditional credit such as loans and credit cards. Your negative credit makes it difficult to establish new positive credit because it seems like no one will give you a chance. However, you can use nontraditional credit to help […]

Continue Reading »

What You Should Know About Building New Credit

July 6th, 2016 | Author:
h

[W]hether you are young and establishing credit for the first time, or trying to open an account after years of using cash only, you should understand the basics about building new credit. 1. It takes time. Even if you are approved for a credit account, it won’t automatically open up a whole new world for […]

Continue Reading »

Bad Credit Home Loans: Do They Exist?

July 4th, 2016 | Author:
h

[D]o a search on the internet for bad credit home loans, and you’ll see a lot of results pop up. Take some time to browse through those results, and you’ll quickly see that they may talk about mortgages for bad credit, but no one seems to offer them. You may wonder if such a thing […]

Continue Reading »

3 Ways a Budget Protects Your Credit Score

July 1st, 2016 | Author:
h

[Y]ou know creating a budget and following it can help you save money. But do you know it can also protect your credit score? A budget does three things for your credit. 1. A budget helps you save money for emergencies. When you plan to save money for emergencies, you avoid running up your credit […]

Continue Reading »

Why You Need More than One Savings Account

June 30th, 2016 | Author:
h

[I]f you struggle to save money and would like to have extra funds for a vacation, a new car and an emergency fund, the answer to all your problems may be multiple savings accounts. Most people think of setting up one savings account, but for some it may be too tempting to access the funds […]

Continue Reading »