Our Verdict
The Gap Good Rewards Mastercard®* can earn significant rewards at Gap-branded stores, Old Navy-branded stores, Athleta and Banana Republic. But while it can be used everywhere Mastercard is accepted, even committed brand shoppers would be better served by cards with more flexible rewards.
Pros
- No annual fee
- High reward potential
- Early access to sales and members only exclusive offers
- Earn 5 points per dollar across the Gap Inc. family of brands
- Earn 1 point per dollar for all other purchases
- Qualify for family brand bonuses and quarterly bonuses
Cons
- No low introductory APR period
- High standard APR
Highlights
- Get 20% off your first purchase when you open and shop with your new credit card. Offer expires 14 days from date of account opening. Exclusions apply
- Earn 5 points per dollar spent with a Gap Inc. credit card at Gap, Banana Republic, Old Navy & Athleta
- No annual fee, terms apply
Introduction
The Gap Good Rewards Mastercard®* does not charge an annual fee and earns 5 points per dollar spent across GAP family brands and 1 point per dollar spent on other purchases. That includes purchases within the Gap Inc. family of brands: Gap, GapKids, babyGap, GapBody, Old Navy, Athleta, Banana Republic, Gap Factory and Banana Republic Factory. The card can also be used anywhere Mastercard is accepted and earns 1 point per dollar spent.
Among the Gap Good Rewards Mastercard®*’s benefits are free three-to-five day shipping on orders of $50 or more and access to members-only offers. Those who are not approved for the Gap Good Rewards Mastercard®* will be automatically considered for the Gap Good Rewards Credit Card*. The Gap Good Rewards Credit Card* is a store card, meaning it is limited to use within Gap Inc. stores. This card still receives 20% off the first purchase after opening account. Exclusions apply. The card earns 5 points per dollar at Gap, Banana Republic, Old Navy & Athleta, as well as potential bonuses and the shipping benefit.
The Gap Good Rewards Mastercard®* also automatically enrolls cardholders in the Gap Inc. Rewards Program at the Enthusiast level. Other benefits included with Enthusiast-level membership include a birthday gift and the ability to donate rewards to select organizations.
Featured Partner Offers
Quick Facts
- $0 annual fee
- Earn 20% off the first purchase after opening account. Exclusions apply
- Earn 5 points per dollar spent across GAP family brands and 1 point per dollar spent on other purchases
- Automatic enrollment at the Enthusiast level in the Gap, Inc. Rewards Program
- Free shipping in three to five days on orders $50 or more
- Potential quarterly and annual bonuses
Gap Good Rewards Mastercard Rewards
Earning Rewards
The Gap Good Rewards Mastercard®* earns 5 points per dollar spent across GAP family brands and 1 point per dollar spent on other purchases. When shopping at Gap Inc. make sure to login with your email when shopping online or provide your number at the register to rack up your full points. Your points will expire after 12 consecutive months of account inactivity. Points are awarded 14 days after a purchase is made, but there’s no limit to how many points a cardholder can earn overall.
Gap Good Rewards Mastercard®* cardholders receive 20% off the first purchase after opening account. Exclusions apply. If you make your first purchase on gap.com or gapfactory.com, you’ll also qualify for free shipping, even if your order is under $50. However, to get the most value out of your 20% welcome bonus, it may be wise to wait until you have a larger order.
Cardholders can also earn quarterly and annual bonuses for purchases made throughout the Gap family of brands. Quarterly bonuses require one Gap Inc. purchase within the three month period, for instance between January and March. Your bonus value depends on your reward program level. All cardholders are automatically enrolled in the rewards program as Enthusiasts eligible to earn 250 points each quarter you make a purchase.
Cardholders who spend $1,000 or more at Gap Inc. or have 5,000 points achieve Icon reward status and can earn 500 points each quarter with a purchase. Icon members also receive 15% off to use on any Gap Inc. transaction throughout the year.
You can also qualify for the family of brands bonus each year. The bonus is earned for shopping different brands within the Gap Inc. family. You’ll earn 500 points for shopping at two brands, 1,000 points for three brands, and 2,000 points when you shop at four or more brands.
Redeeming Rewards
Rewards can be redeemed for merchandise or donated to select organizations. Redemptions within the Gap, Inc. family of brands in-store or online can be redeemed at 100 points for a dollar. Purchases at the Gap Inc. Clearance Center are not eligible for redemption.
Rewards cannot be used to pay down balances on the card or used to purchase gift cards, pay sales tax, shipping charges or wrapping fees. A $500 transaction limit exists on redemptions.
Rewards Potential
Forbes Advisor uses data from various government agencies to determine both baseline income and spending averages across various categories. Our estimated 70th percentile household brings in $116,000 annually and $36,177 in expenses that can be reasonably charged to a credit card. We base spending on that number.
| Gap Good Rewards Mastercard®* Rewards Potential | |||
|---|---|---|---|
|
Category
|
Earning Rate
|
Estimated Annual Spend
|
Estimated Annual Earnings
|
|
Gap Inc. purchases
|
5X
|
$1,781.60
|
8,908 points
|
|
All other purchases
|
1X
|
$34,395.40
|
34,394 points
|
|
Total: 43,302 points
|
|||
Other Gap Good Rewards Mastercard Benefits
- Zero liability protection. Cardholders aren’t responsible for unauthorized purchases.
- No extra charge shipping. Free three-to-five day shipping on any online order $50 or more from Gap Inc. brands. Icon members qualify for free two-to-three day shipping.
- Member only exclusive offers. As a member you’ll receive special offers throughout the year
- Early access. Get the best deals a little sooner with early access to popular sales
Fine Print
Interest Rates
- Regular APR: 29.99%
- Purchase Intro APR Offer: N/A
- Balance Transfer Intro APR Offer: N/A
Fees
- Annual Fee: $0
- Balance Transfer Fees: $5 or 5% of the amount of each transfer, whichever is greater
- Foreign Transaction Fees: 3% of each transaction in U.S. dollars
How the Gap Good Rewards Credit Card Stacks Up
Gap Good Rewards Mastercard®* vs. Wells Fargo Active Cash® Card
The Wells Fargo Active Cash® Card earns 2% cash rewards on purchases, making it a much more rewarding option. The card also offers a 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 20.24%, 25.24%, or 29.99% variable APR applies. Balance transfers made within 120 days qualify for the intro rate and fee of 3% then a fee of up to 5%, with a minimum of $5 applies and a welcome bonus. You can earn $200 cash rewards bonus after spending $500 in purchases in the first 3 months. Plus, the card offers the ever valuable cellphone protection, which the Gap Good Rewards Mastercard®* does not.
With simple, easy to redeem rewards, a flat-rate cash rewards card like this one will likely provide more value for the majority of consumers. If we assume the same spending, you could earn approximately $724 each year, plus the welcome bonus your first year if you qualify.
Gap Good Rewards Mastercard®* vs. Amazon Prime Rewards Visa Signature Card*
As store cards go, the Gap Good Rewards Mastercard®* won’t compete with those cards on our list of the best store cards, which includes the Amazon Prime Rewards Visa Signature Card*. This store-branded card earns 5% cash back in rewards at Amazon.com and Whole Foods Market with an eligible Prime membership, 5% back on Chase Travel purchases, 2% cash back at restaurants, gas stations, drugstores, and local transit and commuting and 1% on all other purchases. Get 10% back or more in bonus rewards on rotating categories and products sold on Amazon.com. It also lives up to the “There’s more to Prime…” motto with its truckload of travel benefits, such as an auto collision damage waiver, lost luggage reimbursement, baggage delay insurance, travel accident insurance and more.
Though it charges no additional annual fee, the Amazon Prime Rewards Visa Signature Card* requires Prime membership, which costs $139 per year. For those who shop with Amazon or at Whole Foods, the Amazon Prime Rewards Visa Signature Card* provides significant benefits and can be used anywhere Visa is accepted.
Gap Good Rewards Mastercard®* vs. Verizon Visa® Card*
Similar to the Amazon Visa, you must be a Verizon customer to hold the Verizon Visa® Card*. The card has no annual fee and offers 4% back in rewards per dollar spent on groceries and gas, 3% on dining and takeout, 2% on Verizon purchases and 1% on all other purchases. Plus you’ll earn $150 credit applied to your credit card bill after making a purchase in the first 90 days.
Whether or not this card will be a better fit than the Gap card, or a good fit at all, depends on your spending habits. If you are a Verizon customer, this card may be worth a look.
Is the Gap Good Rewards Mastercard® for You?
The Gap Good Rewards Mastercard®* only makes sense for those who spend plentifully within the Gap Inc. family of brands each year. Even then, it’s likely better paired with a card capable of offering broader rewards. Carefully consider the effects an additional account may have on your credit before applying for closed-loop store cards lacking major benefits and more favorable APRs.
Find the Best Credit Cards for 2024
No single credit card is the best option for every family, every purchase or every budget. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers.
Methodology
Forbes Advisor considers a variety of criteria when assigning credit cards a rating. Cards are graded based on numerous factors, including:
- Annual fees
- Welcome bonus offers
- Ongoing earning rates
- Value of individual points or miles
- Included travel or merchant credits
- Additional cardholder benefits
Card features we expect cardholders to use the most often are weighted more heavily in our ratings. Altogether, the factors come together to provide a star rating for each individual card.
Read more: How Forbes Advisor Rates Credit Cards
*The information for the following card(s) has been collected independently by Forbes Advisor: Gap Good Rewards Mastercard®, Gap Good Rewards Credit Card, Amazon Prime Rewards Visa Signature Card, Verizon Visa® Card. The card details on this page have not been reviewed or provided by the card issuer.
