If you want to get some extra benefit on your Dillard’s purchases, you must wish to acquire the Dillards Card. It gives discount passes and rewards after you collect points with every purchase. Chances are you’ll need a credit score to do so. In this article, you will get to know about credit scores and the importance of having one. Also, look out for tips on improving your credit score and getting approved for a Dillards card. To apply for a Dillard’s Card, you need to submit your credit score which should be at least 640 or more. The card is designed for people with a fair (580 – 669), good (670 to 739, or excellent credit score. The Wells Fargo bank administers the Dillard’s cards.
Credit Score Requirement For A Dillards Card
Like many other credit card applications, you will need a good credit score to be approved for a Dillard’s credit card. The department store chain typically requires scores of 640 or higher.
All the credit cards of Dillard’s are administered by Wells Fargo Bank, N.A. And the bank uses the three major credit bureaus – Experian, Transunion, and Equifax. So, you should get your credit score from these three bureaus before applying for the Dillard’s credit card. In some cases, a lower credit score may be approved but that is subject-specific and not reliable if you want to get the credit card.
Things You Should Know Before Getting A Dillards Card
Other than a good credit score you need a few more things to apply for a Dillard’s credit card. And those are
- Social Security Number (SSN); for US residents.
- Individual Taxpayer Identification Number (ITIN); for non-US residents, resident aliens, etc.
- State or federally issued ID (eg. military ID, state-issued driver’s license)
- Personal Information
- Income details (including credit score report).
- You must be of legal age or older at the time of application.
You can apply for the Dillard’s credit card online or personally go to your nearest Dillard’s store. You can apply by mail by calling 1-800-643-8276.
How Your Credit Score is Calculated?
Almost all lenders in the US take credit reports from Equifax, Experian, and TransUnion. When you apply for a loan or open a new credit account, each of these agencies will pull your data and use it to calculate your credit score. Your credit score is calculated using a variety of factors. Some of them are –
- Your debt repayment history. This will account for 35% of your credit score.
- Your total amount of outstanding debt. This factor makes up 30% of your credit score.
- The length of your credit history.15% of your credit score is based on this factor.
- Types of credit accounts you have. This can be affected by things like the number of accounts in use and the amount borrowed on each account. 10% of your credit score is determined from this.
- Your very recent credit history is also considered when calculating your credit score. The final 10% of your credit score is determined by this.
Your credit score also takes into account your age, sex, income level, and other reported information such as job stability or recent payments made on debts.
Benefits Of Getting A Dillard’s Card
You can get numerous benefits on your purchases with Dillard’s card. Get a look at a few of them.
- A Welcome Shopping pass with a 10% discount on your first card purchase (minimum spending amount – $100).
- You would earn 2 points per every dollar you spend at Dillard’s using your Dillard’s credit card. And after acquiring 1500 points, you will get a 10% discount shopping pass for a whole day or a $10 reward certificate.
- Access to all Dillard’s Card membership benefits.
- Competitive APRs on your purchases.
Conclusion
To improve your chances of getting a Dillard’s card without a hassle, try to keep your credit scores high. You can request a free copy of your credit score once a year from credit bureaus to be updated with your financial flexibility and maintain a good credit score. Getting a Dillard’s card or even the Elite card is a walk in the park.
FAQ
- How to upgrade to Elite card status from Dillard’s credit card?
You have to make a minimum total purchase of $2,000 per calendar year to upgrade to Dillard’s Elite card from Dillard’s card.
- Do shopping passes and reward certificates earned on Dillard’s Card expire?
Yes, shopping passes and rewards on Dillard’s Card are expirable, so avail of the benefit before the deadline.
- How many days does it take to deliver the Dillard’s credit card once the application is approved?
It takes 7-11 business days from the day of approval, to get your Dillard’s credit card by mail.
- What is the minimum spending amount to be eligible for Dillard’s Club Plan?
You must make 12 qualifying payments of $200 or more to be eligible for Dillard’s 12 months Club Plan. On the other hand, you have to make 24 qualifying payments of $2,500 or more to be eligible for Dillard’s 24 months Club Plan.
