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The Nordstrom Platinum Visa was last reviewed on : 9th September 2006
Summary - The Nordstrom Platinum Visa is a shopping reward credit credit from retailer Nordstrom. You can earn points and enjoy a variety of perks from Nordstrom. Find out more about this card.
Rewards and Perks - The Nordstrom Platinum Visa allows you to earn two points for every dollar you spend at Nordstrom, Nordstrom Rack Stores and Nordstrom.com. You earn one point for every dollar you spend on other purchases. You can earn unlimited points. A $20.00 Nordstrom gift certificate is given to you once you have accumulated 2,000 points. If you spend $1,500 at Nordstrom during a calender year, you will be given invitations to special events like in-store sales, fashion shows etc. At these special events, you can earn 10 points for every dollar you spend. Cardholders also get montly catalogs from Nordstrom.
Fees and Rates - There is no annual fee for the Nordstrom Platinum Visa. There are many levels of apr depending on your credit. They range from prime rate plus zero, 3.9%, 6.9%, 10.9% and 14.9%. The average daily balance method (including new purchases) is used to calculate monthly balances. The grace period is 25 days (which is better than the 20 days that most card issuers give).
Verdict - The Nordstrom Platinum Visa will certainly appeal to frequent shoppers at Nordstrom and would like to earn and use reward points at Nordstrom stores.
Positives
Earn unlimited pointsEarn double points at Nordstrom
| Nordstrom Platinum Visa |
| Reward Benefits |
| Reward Formula |
Earn 2 point for every dollar spent on purchases at Nordstrom
Earn 1 point for every dollar spent on other purchases |
| Caps on points |
Earn unlimited points |
| Other Benefits |
Special notice for Nordstrom events if you spend more $1,500 at Nordstrom in a calender year.
No liability for unauthorized purchases
24/7 customer service
No ATM surcharge when you withdraw cash from ATM machines at Nordstrom
Online account management |
| Cost/Fees/Interest rates |
| Introductory rate |
No introductory apr |
| Annual Fees |
No annual fee |
| Purchase and Cash Advance APR |
Tier 1 : Prime Rate flat (min 4%)
Tier 2: Prime Rate plus 3.90% (min 7.9%)
Tier 3: Prime Rate plus 6.90% (min 10.9%)
Tier 4: Prime Rate plus 10.90% (min 14.9%)
Tier 5: Prime Rate plus 14.90% (min 18.9%) |
| Penalty/Default Rate APR |
Prime Rate plus 14.9% (min 18.9%) |
| Min Finance Charge |
$0.50 |
| Grace Period |
25 days |
| Balance Calculation Method |
Average Daily Balance (including new purchases) |
| Cash Advance fee |
3% of cash amount, min $5.00 |
| Late Payment fee |
$10.00 - up to and inclusing $200
$25.00 - more than $200
$35.00 - if you miss 2 consecutive payments |
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