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Ulta Credit Card Review (2024): Is It Worth It?
The Ulta Beauty Rewards™ Mastercard® Credit Card, also known as the Ultamate Rewards Mastercard, offers unique benefits for frequent shoppers of Ulta Beauty and its affiliated brands. Issued by Comenity Bank, this card provides a high rewards rate on purchases and no annual fee. However, it comes with a high APR and some limitations. In this comprehensive review, we’ll explore the pros, cons, and overall value of the Ulta Credit Card.
Ultamate Rewards Mastercard At A Glance
- Annual Fee: $0
- Rewards: Earn 2x points for every $1 spent at Ulta Beauty.
- Interest Rate: 23.24-32.24% variable APR
- Credit Score Required: 580-740 (Fair to Good)
- Cardmember Perks: Additional benefits for loyal shoppers.
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Pros and Cons of Ulta Credit Card
Pros
- No annual fee
- High rewards rate on Ulta Beauty purchases
- Easy online account management
- Ultamate Rewards: Extra perks for Ultamate Rewards members
Cons
- High APR
- Limited reward redemption options
- Reports of account issues
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What are the two Ulta Credit Cards?
The Ulta Credit Card, issued by Comenity Bank, is a store-branded rewards credit card that offers rewards for purchases at Ulta Beauty. It provides 2x points per dollar spent at Ulta stores, which can be redeemed for rewards certificates. Cardmembers can also achieve Ultamate Rewards status, unlocking additional benefits. Additionally, it’s important to consider the Mastercard version of the Ulta Credit Card if you want broader usage. The Ultra Rewards program is another highlight, offering exclusive deals and benefits.
Ulta Beauty Rewards™ Mastercard®
The Ulta Rewards Mastercard Credit Card extends the benefits of the store card and adds the flexibility to earn rewards outside of Ulta Beauty. Here are the key differences:
- Rewards Everywhere: Earn 1x point for every $3 spent anywhere Mastercard is accepted, in addition to the 2 points per dollar spent at Ulta Beauty.
- No Annual Fee: Just like the store card, the Ulta Rewards Mastercard does not charge an annual fee.
- Accepted Everywhere: The Ulta Rewards Mastercard can be used wherever Mastercard is accepted, providing more opportunities to earn rewards.
- Exclusive Offers: Enjoy additional exclusive offers and benefits available only to Mastercard holders.
Key Highlights of the Ulta Credit Card
- High Reward Rate: Earn 2 points for every $1 spent at Ulta Beauty.
- Exclusive Offers: Cardholders receive special discounts and promotional offers.
- No Annual Fee: The card does not charge an annual fee, making it cost-effective for loyal shoppers.
- Online Account Management: Users can easily sign in to the Ulta credit card account to manage payments and view statements.
- Ultamate Rewards: Achieve Ultamate Rewards status for even more rewards and benefits. The Ultra Rewards program adds further value for frequent shoppers.
Downsides of the Ulta Credit Card
- High APR: With an interest rate of 23.24-32.24% variable APR, carrying a balance can be expensive.
- Limited Usage: Rewards are only redeemable at Ulta Beauty, limiting flexibility.
- Account Issues: Some users have reported unexpected account issues and difficulties with customer service.
Ulta Credit Card Reddit Reviews
Multiple users on Reddit have had negative experiences with the Ulta credit card, including poor customer service and high interest rates. Some users have reported issues with their credit limit being decreased without warning, while others have experienced problems with the card issuer, Comenity Bank. However, others have found the card to be beneficial for earning points and taking advantage of promotions, as long as they pay off the balance in full each month. It is suggested to consider other credit cards from different banks that offer better rewards and customer service.
Negative Experiences
Many users have expressed dissatisfaction with the Ulta credit card. They have reported receiving multiple calls if payments are even a day or two late, experiencing high interest rates, and having their credit limits reduced without warning. Some users have also mentioned issues with customer service and difficulties in resolving problems with the card issuer, Comenity Bank.
BestJasper: "Retail credit cards are rarely worth it. They tend to have a higher interest rate than going through a bank. Comenity also has abysmal customer service in my experience."
Benefits and Rewards
Despite the negative experiences, some users have found benefits in using the Ulta credit card. The card offers double points on Ulta purchases, which can accumulate and be redeemed for discounts on future purchases. Some users have also mentioned special promotions and point multipliers available exclusively to cardholders.
TCRulz: "I use it, but for two things only: Ulta purchases and my phone bill. I pay the full balance every month. It definitely helps with acquiring points."
Who Should Get the Ulta Credit Card?
The Ulta Credit Card is best suited for frequent shoppers of Ulta Beauty. If you often shop at Ulta stores and can pay off your balance in full each month to avoid high interest charges, this card could be a good fit for you. Achieving Ultamate Rewards status can further enhance the value for frequent shoppers. Additionally, consider if the Mastercard version is more suitable for your needs.
How to Apply for the Ulta Credit Card
You can apply for the Ultamate Rewards Mastercard in a few easy steps. Here’s how:
- Kudos: Kudos is the best and easiest way to apply for new credit cards.
- Online Application: Visit the Ulta Beauty website and navigate to the credit card application page. Fill out the necessary information and submit your application online.
- In-Store Application: Visit any Ulta Beauty store and apply in person. A store associate can assist you with the application process.
- Phone Application: You can also apply by calling 1-866-257-9195 for a secure application. This option allows you to apply over the phone with a customer service representative.
Once you submit your application, you will receive an immediate response. If you’re not approved right away, you’ll get a letter from Comenity Bank within 30 days explaining the decision. As with any credit card application, a credit check will be conducted, which includes a hard inquiry on your credit report. After approval, you can easily sign in to your Ulta credit card account online to manage your payments, view statements, and access exclusive cardmember benefits.
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Alternatives to the Ulta Credit Card
If you’re looking for more flexible rewards and lower interest rates, consider the Chase Sapphire Preferred® Card or the Citi® Double Cash Card. While store cards like the Ulta Credit Card can offer good rewards for specific retailers, they may not be the best choice unless you are a frequent shopper at those stores. These alternatives provide broader rewards options and travel benefits.
Chase Sapphire Preferred® Card
- Welcome Bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
- Rewards: 2x points on travel and dining at restaurants, 1 point per dollar spent on all other purchases.
- Annual Fee: $95
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Citi® Double Cash Card
- Welcome Bonus: Earn $200 cash back after you spend $1,500 on purchases in the first 6 months from account opening.
- Cash Back: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
- Annual Fee: $0
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Our Expert Takeaway
The Ulta Credit Card offers valuable rewards for loyal shoppers of Ulta Beauty. However, its high APR and limited reward redemption options may not make it the best choice for everyone. Consider your shopping habits and financial needs before applying. For frequent shoppers, achieving Ultamate Rewards status can be particularly beneficial.
Additionally, you can enhance your rewards even further by using Kudos. Kudos is a free, AI-powered smart wallet that helps you maximize your credit card rewards. It recommends the best card to use for each purchase, ensuring you get the most out of your Ulta Credit Card and other cards in your wallet. Start using Kudos today to turn your everyday spending into significant rewards!
Ulta Credit Card FAQs
Who Took Over Comenity Bank?
Comenity Bank has not been taken over; it continues to operate as an independent financial institution specializing in store-branded credit cards.
How Do I Make a Payment to Comenity Bank?
You can make a payment to Comenity Bank online by logging into your Ulta credit card account, through the Comenity Bank mobile app, by phone, or by mail. Ensure you have your account details handy for a smooth payment process.
What Credit Score Do You Need for an Ulta Beauty Credit Card?
A credit score of fair to good (600+) is generally required to qualify for the Ulta Beauty Credit Card.
Is the Ultamate Rewards Card Worth It?
The Ultamate Rewards Card can be worth it for frequent Ulta Beauty shoppers who can take advantage of the high rewards rate and exclusive offers. However, its high APR and limited reward redemption options may not make it suitable for everyone.
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Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
