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

Can You See a Credit Report When You Sign Permission for One?

August 3rd, 2015 | Author:
h

t has become more common for businesses to ask for a credit report before approving an application. Not only for credit cards and loans, but businesses that rent apartments and cars as well as insurance companies require credit reports with applications. You may wonder if you have a right to that credit report, especially if […]

Continue Reading »

Ways to Improve Your Finances and Your Credit Score

July 31st, 2015 | Author:
h

ometimes it can be difficult to manage your financial responsibilities. You feel overwhelmed and end up trying to forget about the bills you have to pay and the accounts you should reconcile. To simplify your finances and protect your credit score, you should consider doing one or all of the following. Reduce the Number of […]

Continue Reading »

Why You Should Love Credit Cards

July 30th, 2015 | Author:
h

lenty of people have credit cards. They often use them to make purchases or even to pay bills in between paychecks. However, many people do not really appreciate their credit cards and what they can do. Earn Rewards One of the best reasons to have and use a credit card is because of the rewards […]

Continue Reading »

Why You Shouldn’t Overlook Your Debt

July 27th, 2015 | Author:
h

f you have been in a debt a long time or have a long-term loan, it can be easy to pretend it doesn’t exist. Even if you make the minimum monthly payments, you may assume you will always be in debt and not even try to become debt-free. Here are a few reasons why you […]

Continue Reading »

The Benefits of Signing Up for Credit Monitoring Services

July 24th, 2015 | Author:
h

rowse around on the internet and you will find several credit monitoring services. Some of them are free, like Credit Karma and Credit Sesame. Others, such as myFico.com require you to pay a monthly fee for their services. With so many options available, you may wonder if any of them are any good and how […]

Continue Reading »

Why Credit Scores are Good

July 22nd, 2015 | Author:
h

ou often hear only of complaints about credit scores, especially of those with low credit scores. It is often seen as a negative part of getting a loan or credit. Many people don’t understand credit scores and hear conflicting information about them. For many people, they have a bad view of scores and credit ratings. […]

Continue Reading »

How Credit Checks Affect Your Credit Score

July 20th, 2015 | Author:
h

lso called inquiries, when someone does a credit check, it can impact your credit score. While it isn’t usually a cause for concern since the change is slight, it can make a difference if you are just a few points away from qualifying for a loan. It may help to understand how inquiries work and […]

Continue Reading »