What are the chances of getting approved for the old navy credit card?

Question

I am thinking about applying for an old navy credit card but i don't to take the time and just get turned down. Does Old Navy usually approve the cards?

Answer 1

actually they are kind of tough when it comes to approving credit. I would try again in 6 months.  

Answer 2

There is no "usual" decision, credit cards are approved or declined on a case-by-case basis, depending on the applicant's credit history. If you don't have issues with your own credit history, go ahead and apply for the card.

Answer 3

it takes a couple seconds to find out. if your that lazy u dont need a card.

bewere store cards have really high apr and intrest rates

Answer 4

There are 2 versions of the Old Navy Card (ONC) -- the regular ON store card, which you can use at Banana Republic and Gap, AND also, certain customers get approved for the Old Navy Visa.

When you apply for the card, 1 of 3 things will happen:

(1) you'll get approved for the store card only

(2) you'll get approved for the Old Navy Visa

(3) you won't get approved for either.

No one can tell you of your chances of getting approved. It all depends on your credit history and whether or not GE MoneyBank (they "own" the ONC) will approve you for one.

When you are approved for the "regular ONC" you get:

- 10% off your purchase on the day you open the card

- a set of coupons for 10% off your next purchase at ON, Gap, Banana Republic and Piperlime.com

- your purchase will automatically be applied to your new card, allowing you start earning your rewards points.

- you get 5 points for every $1 you spend at a Gap Inc store (and online) when you use your card

- $200 spent = $10 rewards. The rewards can be redeemed at any Gap Inc brand and also online.

If by chance you get approved for the ON Visa, everything I said above is the same, but since it's a Visa, you can use it anywhere Visa is accepted and earn 1% back (1 point for every $1) -- You still get the 5% for spending at Gap Inc stores, but 1% back when you spend anywhere else.

I am an Old Navy Visa cardholder and personaly couldnt be happier with it. I used to use my debit card for all of my purchases, but since I am a frequent shopper of the Gap Inc brands, this card has a great rewards program and so now I've been using that instead. I figured what's the difference if the money is being taken out little by little by using a debit card for each purchase, or just put everything on a credit card to earn reward points and write out the check every month to pay it off.

It depends on the person's credit history, but the Old Navy Visa will typically have a higher credit limit then the regular store card. As for the interest rate, it's high. If you'll be keeping a balance on the card, it's probably not a good idea, but if youre paying it off then it doesnt matter.

There is no annual fee to have the card and no fee to apply for it.

Right now thru Aug. 21st Old Navy is running a promotion and you get 20% off your purchase instead of the usual 10% when you are approved for the card, so if you're thinking about getting one, now is the time to do it so you can make the most of the savings.