The Loft Credit Card is a Mastercard designed for shoppers at Loft and Ann Taylor stores
The Loft Credit Card Mastercard is a store card issued by Synchrony Bank that you can use at Loft and Ann Taylor locations, both in-store and online. Unlike a general-purpose Mastercard, this card is primarily meant for shopping at those two retailers, though it carries the Mastercard logo and can be used elsewhere.
The card offers rewards on purchases at Loft and Ann Taylor, along with promotional financing offers that appear periodically throughout the year. If you shop regularly at either store, the rewards structure may offset some of what you spend. The card does charge interest on balances you carry, and like all credit cards, it reports to the three major credit bureaus — so how you use it affects your credit score.
Key Takeaways
- The Loft Credit Card is a Mastercard issued by Synchrony Bank that works at Loft and Ann Taylor stores and online, as well as anywhere Mastercard is accepted.
- You earn rewards points on purchases at Loft and Ann Taylor, with higher earning rates during promotional periods that the card issuer announces throughout the year.
- The card offers special financing promotions — typically interest-free periods on purchases over a certain amount — but interest rates and terms vary by promotion.
- Carrying a balance on this card means paying interest at the card's APR, which you can find on your statement or by contacting Synchrony Bank.
How rewards and points work on this card
When you use the Loft Credit Card at Loft or Ann Taylor, you earn points on your purchase. The exact earning rate depends on the purchase amount and whether a promotional earning period is active. Synchrony Bank periodically runs bonus point events — for example, "earn 5 points per dollar" during certain weeks — and these are announced to cardholders via email, in-store signage, or on your account page.
Points accumulate in your account and can be redeemed for discounts on future purchases at Loft or Ann Taylor. The redemption value varies — sometimes 100 points equals a $5 discount, sometimes the ratio is different — so check your account or ask in-store what your points are worth before you redeem them. Points do not expire as long as your account remains open and active, though Synchrony may have specific terms about inactive accounts.
If you use the card outside Loft and Ann Taylor — at other retailers or restaurants — you typically earn no points. The rewards are designed to encourage shopping at those two stores specifically.
Promotional financing offers and how they work
Several times a year, Synchrony Bank offers special financing promotions to Loft Credit Card holders. These usually take the form of "0% APR for 12 months on purchases of $100 or more" or similar terms. The exact offer, minimum purchase amount, and length of the interest-free period change, so you will see different promotions at different times.
When you make a purchase during a promotional period and meet the minimum amount, the interest-free offer applies to that specific purchase. You must pay the full balance before the promotional period ends, or interest will be charged on the remaining balance at the card's regular APR. If you make multiple purchases during different promotions, each one may have its own timeline and terms.
To know what promotions are currently running, check your account online, look at your statement, or ask a sales associate in-store. Synchrony also sends promotional offers to cardholders by mail and email.
Interest rates and fees you should know about
The Loft Credit Card charges interest on balances you carry past the due date. The APR (annual percentage rate) is set by Synchrony Bank and appears on your monthly statement. This rate can vary based on your creditworthiness and current market conditions, so two cardholders may have different APRs.
The card may also charge a late fee if you miss a payment, and a returned payment fee if a check or automatic payment bounces. There is no annual fee to hold the card. If you carry a balance and do not have a promotional financing offer covering that balance, you will pay interest daily on the amount you owe.
To avoid interest charges, pay your full statement balance by the due date each month. If you cannot pay in full, look for an active promotional financing offer that covers your purchase, or pay as much as you can to reduce the interest you owe.
How this card affects your credit score
The Loft Credit Card is reported to Equifax, Experian, and TransUnion — the three major credit bureaus. This means your payment history, credit limit, and balance all factor into your credit score. Making on-time payments helps your score; late payments hurt it. Carrying a high balance relative to your credit limit also lowers your score, even if you pay on time.
When you first open the card, a hard inquiry appears on your credit report, which may temporarily lower your score by a few points. Over time, a long history of on-time payments and low balances will improve your score. If you close the account, the card will remain on your credit report for up to ten years, continuing to affect your score based on its history.
When the Loft Credit Card makes sense to use
This card is most useful if you shop at Loft or Ann Taylor regularly and can pay your balance in full each month. The rewards points add up faster when you spend more, and you avoid interest charges by paying in full. If a promotional financing offer is running and you are planning a larger purchase, using the card during that promotion can save you money on interest.
The card is less useful if you shop at these stores only occasionally, or if you tend to carry a balance. Occasional shoppers may not accumulate enough points to make redemption worthwhile, and carrying a balance means paying interest that outweighs any rewards you earn. If you cannot pay in full each month, a general-purpose card with a lower APR or a 0% introductory offer might be a better choice.
How to manage your Loft Credit Card account
You can manage your account online through Synchrony Bank's website or mobile app. There you can view your balance, make payments, see your available credit, track your points, and review your statement. You can also set up automatic payments so your bill is paid on time each month, reducing the risk of late fees and interest charges.
If you have questions about your account, rewards, or a promotional offer, you can contact Synchrony Bank's customer service number, which appears on your statement and card. They can explain your current APR, tell you about active promotions, and help you understand your points balance and redemption options.
Frequently Asked Questions
Can I use the Loft Credit Card outside of Loft and Ann Taylor stores?
Yes. The card carries the Mastercard logo, so you can use it anywhere Mastercard is accepted. However, you only earn rewards points when you use it at Loft or Ann Taylor. Purchases elsewhere earn no points.
What happens to my points if I close the card?
Points are tied to your account. If you close the card, you typically lose any unused points. Redeem your points before closing the account if you want to use them.
Does the Loft Credit Card have an annual fee?
No. There is no annual fee to hold this card. You only pay interest if you carry a balance past the due date.
How do I know what promotional offers are available to me?
Check your online account, look at your monthly statement, or call Synchrony Bank's customer service number on your card. Promotions are also announced in-store and by email to cardholders.
What is the difference between this card and a regular Mastercard?
The Loft Credit Card is a store card that earns rewards only at Loft and Ann Taylor, while a regular Mastercard earns rewards everywhere you use it. This card also offers store-specific promotions. A regular Mastercard gives you more flexibility but may have different rewards rates and annual fees.