Mr Credit CardReview of the Nordstrom Visa Signature Card
Summary - The Nordstrom Visa Signature card is a store card is the elite version of all Nordstrom credit cards. It has the same rewards as the other Nordstrom cards but has added Visa Signature benefits and travel rewards. Find out more about this card.
Rewards and Perks - The Nordstrom visa signature card has similar rewards to all other versions of Nordstrom cards. To recap, it 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.
Signature Benefits - Cardholders get to enjoy additional benefits from visa. For example, you can make preferred reservations at top restaurants worldwide through visa signature dining. You can get discount and other benefits from merchants and travel providers through visa signature privileges. You can also get special invitations to premier events.
Travel Program - You can also opt for a travel program from visa where you earn one point for every dollar you spend. These points can be redeemed for travel and airline tickets, with fewer restrictions and no blackout dates.
Personal Concierge - Cardholders of the Nordstrom Visa Signature card get their own personal concierge who can make any travel arrangements. The number to call is 1.866.445.0433 and this service is availble 24/7.
Fees and Rates - There is no annual fee for the Nordstrom credit card. 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 Visa Signature card to the frequent shopper as well as the frequent traveller who would like to enjoy the benefits of both a travel reward program and the Nordstrom program, as well as the extra services that comes with the Visa Signature.
Positives
- Additional travel program
- Visa Signature benefits
- Earn unlimited points
- Earn double points at Nordstrom
| Nordstrom Visa Signature Card | |
| 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 including $200 $25.00 - more than $200 $35.00 - if you miss 2 consecutive payments |