» Posts Tagged ‘Babies R Us’
Babies R Us Credit Card Review
Looking for the Babies R Us Credit Card? The Babies R Us Credit Card is now available, and for frequent customers of Toys R Us and Babies R Us brands, rewards can be gained by making plenty of purchases over time. Parents of babies and toddlers will often spend lots at toy stores, and so it can make sense to take out a branded “R” Us Credit Card if you are looking for a lightweight line of credit and you want to get something back for all that spending.
Babies R Us and Toys R Us Credit Card
Both retail chains Toys R Us and Babies R Us offer the same branded credit card – The R Us Credit Card, and which aside from all the benefits you get from getting such a card, can also be chosen as a MasterCard, which can be spent and used like any other flexible line of credit. No matter where else you spend the card, you get 4 points for every dollar spent, which is twice as much as the non-credit card version of the R Us loyalty card. In addition to earning points in store, the MasterCard also earns a point for every purchase from anywhere else that MasterCard is accepted.
500 points equals a $5 gift card (R Us Reward Dollars), and this could mean a minimum expenditure of $125. This is not the best rate, but can make all the difference in a bigger purchase and can be saved thanks to the fact that points never expire and no limit set on the amount of points you can earn. Another bonus is a 10% reduction of your first purchase made on the card which can also be a good asset for a bigger purchase.
Terms and Conditions
The rates of interest on both the R Us Card and the R Us MasterCard are the same – 26.99% – and while this rate is high in comparison to the better credit cards offered by financial lenders, it is in-line with almost every other store card in the retail market. The rate of interest is still high enough to warrant care when it is being used and especially if the card-holder is relying on the minimum payments each month – it would be ideal to pay within the grace period each month (23 days after the close of the previous billing cycle) to stop the interest being applied. Cash advances are also available at a high but competitive rate of 29.99%.
Online Account Management
By registering with the online account service you can avoid having to reply to billing statements every month and gain complete control over your spending and bill paying. Note that the card is issued by GECRB and so all technical and payment issues, and likewise payment processing, is handled by them and not the store.
Because dispute resolution requirements are getting so complicated, you should read them carefully. Generally, to preserve all of your rights, we recommend that cardholders reject any Arbitration agreement when given the opportunity to do so under the Account Agreement.
The R Us credit card is issued by GE Capital Bank and GE Capital Bank has standard dispute resolution procedures in place if you have an issue with your card or a transaction. The procedure requires you notify them in writing to begin the resolution process. Within 30 days of receiving your notice they will contact you letting you know they have received it. If the issue has not yet been resolved when you get the first response, within 90 days of receiving your notice they will contact you again. They will either have corrected the issue, or provide an explanation why they believe the bill is correct. During this process they will not try to collect any disputed amount from you and they will not report any disputed amount to any credit reporting agencies.
The terms of service contains a standard arbitration agreement which may be rejected by the cardholder. To reject the standard Arbitration Agreement you must send a written notice rejecting arbitration within 60 days of opening your account. If you reject the Arbitration Agreement, only a court may be used to resolve any dispute or claim.
If you fail to reject the Arbitration agreement, you will lose your right to participate in any class action suits against the company.
Note: The terms and conditions do not require you to arbitrate your dispute if a complaint is filed in small claims court. Further, it does not require you to arbitrate a claim filed against you by the card issuer.