Cashback is a great incentive for customers. After all, with the current hike in prices of items, wouldn’t it be great to have a system that offers you a percentage refund on your purchases? Think of the amount you’ll be able to get back out of every purchase! I bet you’re curious as to whether you should expect this incentive while using Academy because despite how great this benefit is, it is unfortunately not available on every credit card. Read on to find out Does Academy Do Cash Back?
Does Academy Do Cash Back?
Academy may not be the most popular credit card in existence but as part of the value this credit card offers, you can be sure to get cashback with Academy.
Unlike some other credit cards, along with cashback benefits, Academy does not limit its other bonuses to only stores within their network. With the Academy credit card in hand, you can save money and even earn when you make purchases at a sporting goods store, a gas station, or any other store. This can be through discounts up to $15, or by earning up to 5 points per dollar spent on purchases.
Does this sound like a benefit you would want to enjoy? Here’s how you can get started.
Get an Academy Credit card
Before you can enjoy these amazing benefits from cashback on Academy, you would first need to have an Academy Credit card. You can easily apply for one in person, by mail, or online by visiting the application page for the Academy Credit card and clicking on the “apply” button.
Regardless of the method you choose to apply through, you would need to fill out the following details:
- personal information, including your full name, date of birth, the last 4 digits of your Social Security Number, and your annual income,
- contact information, including your street address, your city, state, zip code, email address, mobile phone number.
If you’re applying online, after filling out these details, click on the “Continue” button, and then wait till the approval of your credit card application. This approval is typically instant, especially if you applied in person, but in some cases, the credit card approval may take up to a week. This may be due to the figure reflecting on your credit score.
If you have a good credit score (say, 670 and above), you may get an instant approval for the Academy credit card, as opposed to an average credit score where the credit card company may need to carry out a further check on your credit history before approval. Having too much debt further decreases your chances of approval as this is an indication that you may not have the ability to bear more financial responsibilities.
How To Confirm Account Approval?
If you do not get instant approval for your credit card application, you can confirm your approval status after a week by calling customer service on 1-833-755-4354, monitoring your email, or logging into your academy credit account.
Once your application for the Academy credit card has been approved, you can get the credit card either in person at Comenity Capital Bank or have it delivered to you via mail.
Academy Card’s Benefits
After getting approval for the Academy Credit Card, you would instantly be credited with $15 as a gift. Expect $15 off your first in-store purchase with the Academy Credit card and free shipping for purchases up to $15 or more with the card.
Within 60 days after making your first in-store purchase with the card, you would be given 1000 bonus points. These points can then be converted and used to make purchases. However, you need to have up to 2500 points before they can be redeemed.
One point equals one cent.
Academy Annual Fee
For a card that offers benefits like this, it is typical that they charge annual fees for the credit card. However, Academy has no annual fees charges for the credit card. This is yet another amazing feature of Academy.
Interest Rate and Interest Charges
- Academy has an Annual Percentage Rate of 26.99% for purchases. This value, however, varies with the market.
- To avoid paying the interest, ensure you pay your Academy credit card bills before the due date. This is typically 25 days after the close of each billing period.
- Late payment attracts penalty fees up to $40.
- Interest charges are always greater than $2 per credit plan.
Conclusion
Academy is one of such credit cards that you can expect to get Cash back when you use them. Simply apply for the Academy credit card either online or in-person, and begin enjoying this amazing benefit.
Frequently Asked Questions
- Can I use the Academy credit card in other stores?
The Academy Credit Card can be used for sporting goods purchases, gas purchases, and purchases from other stores. However, the rewards gotten from these purchases can only be used for purchases in the Academy Sports Store.
- How much discount should I expect to get by using the Academy Credit Card?
The Academy credit card offers about 2% to 5% discount for purchases from the Academy sports store. The higher the amount of things you purchase, the higher the discount.
- Can I use the Academy cash back for online purchases?
Yes. One amazing feature of the Academy cashback is that it applies to both online and in-store purchases. If you’re making purchases from Academy.com with the Academy credit card, you can access the cashback benefits.
- Does annual fee differ from interest rate?
Yes. Annual fees are the yearly amount you pay for the benefits you enjoy from a credit card. Interest rates, on the other hand, are the charges based on the purchases you make with the card. Annual fees are generally meant to be lower than the benefits else, you will be losing money. Unlike interest rates, annual fees are incurred whether or not, there’s a balance on your card.
