Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.
Banana Republic Visa 5X Offer
Back in December I shared the details of my latest round of credit card applications. This round of applications wasn’t quite cookie cutter. Among the cards I applied for were the NBA Amex for the potential of 5X everywhere on certain days (including this weekend!) and the Banana Republic Visa card.
The Banana Republic Visa was a bit of a gamble, only because it didn’t come with any sort of a sign-up bonus. (Well, that I knew of.) My reasoning for applying was simple. I hoped that some time in the future I would get some of the lucrative spending offers I had seen friends get. Think 5X everywhere or even 10X in certain categories!
My First Offer
After getting my card in the mail, I only used it for a single $1.08 purchase and then put it in the sock drawer. I wanted it to earn a place in my wallet and it has! Monday, I received the following postcard in the mail:
I am a little frustrated that this just came in the mail on Monday, considering I lost a whole week of using this card in the bonus categories. With that said, I think this offer is great, especially considering there is no cap to be found and these categories present a lot of opportunity. At the very least I will probably earn their Luxe status which should earn me a 20% points bonus in the future.
How Rewards Work
With this card every 500 points earned generate a $5 certificate that can be used at Banana Republic or other Gap brands. Normally it would take $500 in purchases to reach that level, but with this offer it only would take $100 in spending. Another way to look at it is that a $500 purchase a grocery store (maybe gift cards, maybe something else) would generate $25 in credits. That is pretty good.
I am really happy to have this offer and hope it is the first of many to come on this card. As of Monday, the Banana Republic Visa started its February long run in wallet slot #2 so I can pull it out when shopping for groceries and dining.
I know others received different offers for February. Do you have this card? What offer did you receive?
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.