With the Hudson’s Bay Credit Card, you’ll earn extra points for the usual shopping at the Hudson’s Bay store.
The Hudson’s Bay Credit Card has two options:
1. Hudson’s Bay Credit Card
2. Hudson’s Bay Mastercard
One interesting thing to note here is that when you combine the Hudson’s Bay Credit Card with your Hudson’s Bay Rewards Card, you’ll almost end up getting double the reward points – that’s up to 4 points for every $1 you spend in-store.
2000 points = $10 Gift Card.
Again just in case, you don’t know, Hudson’s Bay Rewards Card is free to apply in-store and there’s no annual fee or fees as such. It is provided just to encourage shopping at the Bay.
Also, With the Hudson’s Bay Credit Card, you’ll also earn points on gas, groceries and much more.
You can then redeem your points for exclusive Hudson’s Bay Gift Cards, and use them to save on the things you love. Plus, you’ll enjoy free access to exclusive savings events and shopping privileges.
In this review of the Hudson’s Bay Credit Card, let’s look at everything the credit card offers, fees, benefits, and the exclusive deals you get entitled to. Let’s begin.
What Is the Hudson’s Bay Credit Card All About?
Hudson’s Bay is one of the largest and premier department stores in Canada.
It is a chain of over 90 departmental stores operating within the Netherlands and in Canada. It’s been around for a very long time, the origin can be traced back to 1881.
If you are interested in applying for the Hudson’s Bay credit card, you can apply for one at the Hudson’s Bay or Home Outfitters store.
When you use your Hudson’s Bay Mastercard outside of Hudson’s Bay and thebay.com, you get 2 points for almost every $1 you spend and a 25% bonus twice a year on those points.
The 25% bonus will appear on your credit statement in January and July and is calculated based on the total points you’ve earned for the previous six months.
Capital One Bank is offering the credit card, which is a trademark of Capital One Financial Corporation.
More Spend. More Points
As with every other shopping deal out there, Bay is no different. The more you spend, the more points you make.
There are three tiers to the Hudson’s Bay Rewards program. The more you spend at Hudson’s Bay Company stores, the higher the tier you’ll reach, and the more Rewards points you’ll earn.
1. Hudson’s Bay Rewards
2. Hudson’s Bay Rewards Plus
3. Hudson’s Bay Rewards VIP
Top 10 Benefits Of The Hudson’s Bay Credit Card
Here’s the complete breakdown of the Top 10 Amazing Benefits Offered By The Hudson’s Bay Credit Card:
1. No Annual Fee
With the Hudson’s Bay credit card, you’ll be paying an annual interest rate of 29.9 percent.
Now, that’s quite high for a credit card.
However, there are no yearly charges for the card. This makes it very appealing since the majority of the credit cards have a hefty annual fee.
2. Interest-Free Grace Period
As a Hudson’s Bay Credit Cardholder, you are offered a grace period of 21 days, which is interest-free on new purchases when you get your card, provided you pay off the full balance before the due date.
However, there is no grace period offered on any transfer of balances or on advance payments of cash.
3. Reward’s Red Card
Though the standard Hudson’s bay rewards card offers many of the perks and benefits, by applying for the Hudson’s Bay credit card you’ll get a lot more benefits, points and rewards.
All you have to do is use your rewards red card along with the credit card every time you purchase at the store to maximize benefits.
4. Maximum Points Per dollar at the Bay Stores
You can earn the maximum points by shopping at one of the three stores – Hudson’s Bay stores, thebay.com, or Home Outfitters
5. Two Reward Points Per Dollar Spent
By using the Hudson’s Bay credit card with your reward card, you’ll be doubling up your reward points. This means that for every one dollar spent, instead of getting two points, you’ll now be getting four points.
6. Convert Reward Points To Cash
With the Hudson’s Bay credit card, you have the option to convert your points to cash anytime.
So now, you can redeem your reward points in the form of gift cards, which you can then use at theBay.com, Home Outfitters, and Hudson’s Bay stores.
7. Access to Exclusive Events
With the Hudson’s Bay credit card, you can get access to exclusive events all year round.
The store offers over twenty such saving events every year.
The benefit is that you can enjoy extra savings at these events with just your credit card. If you are a Hudson’s Bay card member and a holder of the credit card you would be notified of these events beforehand.
8. 90 Day Return Policy
Every time you use your Hudson’s Bay credit card at any of the Hudson’s Bay Company stores, you will get immediate access to return the product within 90 days.
Along with this, you can even get free shipping on certain items at theBay.com. However, to avail of this offer, you’ll have to comply with the minimum purchase on the website.
9. Interest-Free Credit Card Payments
If you are offered the special payment plan when applying for a Hudson’s Bay credit card, you can get access to very lenient payment programs.
You can get the option to pay through 24 months and make smaller payments every month.
You can also get the advantage of making interest-free payment on some of the items offered.
10. Credit Card and Mastercard Choices With Slight Differences
With Hudson’s Bay, you have the option to choose between a credit card or a MasterCard. The benefits of the MasterCard is slightly better as you can use it anywhere other than the Bay Store.
The Mastercard is offered by Capital One and you’ll earn points not only at the store but otherwise as well.
Whereas with the Hudson’s Bay Credit Card, you can only use it at the store or online to earn your reward points.
However, it’s always good to know that none of the cards have an annual fee associated, so it’s free to try and use.
Features & Benefits Of The Hudson’s Bay Credit Card
Below are the top four features and benefits of the Hudson’s Bay Credit Card in 2020:
1. The Credit Card Can Only Be Used At Hudson’s Bay
The first thing that you need to keep in mind when applying for a Hudson’s Bay Credit Card is that you can use it only at the Hudson’s Bay stores, thebay.com, or Home Outfitters.
Also, you cannot use this card in any other place or store. This limits the use and benefits of the card, as you would be applying for a credit card only to be used at a single chain of stores.
Therefore, you need to understand this limitation, before you go out and get one.
2. High-Interest Rates
Store credit cards, like the one being offered by Hudson’s Bay, can have very high-interest rates.
As already discussed, this credit card has an annual interest rate of 29.9%.
This is more than twice the interest rate of credit cards being offered by banks in Canada.
However, with the benefits of this credit card; it also has some drawbacks which are worth mentioning.
3. Can Only Be Used for Hudson’s Bay Shopping
The Capital One credit card that Hudson’s Bay is offering to its customers can only be used for shopping purposes at its chain of stores.
You may not use the card at other stores, also you cannot use it for any other purposes at all.
The credit card cannot be used for insurance purposes of any sort too. This limits the use and purpose of the card.
4. Affect’s Your Credit Rating
You will easily blow your credit limit on these shopping credit cards as the threshold limit is very low.
Therefore, you may not even shop a lot, but easily exceed your limit on the card.
How Can I Earn More Points At Hudson’s Bay and thebay.com?
You can double your points when you use your Hudson’s Bay Mastercard or Credit Card with your Rewards Card at Hudson’s Bay and thebay.com.
That means you can earn up to 4 points per $1 with the Rewards VIP tier.
How Do I Redeem The Credit Card Points?
You can redeem your Hudson’s Bay Rewards points for Hudson’s Bay Gift Cards in stores or for online purchases.
Reward points can be redeemed in stores starting at 2,000 Hudson’s Bay Rewards points for a $10 Hudson’s Bay Gift Card, or online starting at 5,000 Hudson’s Bay Rewards points for a $25 Hudson’s Bay Gift Card.
What Counts As A Valid Purchase Visit?
Here are some examples of how a Hudson’s Bay purchase visit is defined:
Multiple purchases made in the same store on the same date count as 1 purchase visit.
Purchases made in 2 different stores on the same date count as 2 purchase visits.
Purchases made in the same store on 2 different dates count as 2 purchase visits.
A purchase made in a store and a purchase made online on the same date count as 2 purchase visits.
How Do I Qualify For The Different Rewards Tiers At Hudson’s Bay?
At Hudson’s Bay, to be promoted to a higher tier, you must:
Make at least 2 purchase visits to Hudson’s Bay or thebay.com in a calendar year (January 1 to December 31).
Use your Hudson’s Bay Rewards Card when making your purchase.
Meet each tier’s annual net purchase total (purchases before taxes and net of any returns at Hudson’s Bay and thebay.com). Rewards Plus: $400-$1,199.99; Rewards VIP: $1,200 or more.
What Is The Difference Between The Hudson’s Bay Mastercard and Credit Card?
First of all, Hudson’s Bay Mastercard can be used everywhere Mastercard is accepted – and you can earn 2 Hudson’s Bay Rewards points for almost every dollar spent outside of Hudson’s Bay Company stores.
Plus, with the Mastercard, you’ll get a 25% bonus twice a year on all points earned outside of Hudson’s Bay and thebay.com.
Your reward bonus is awarded in January and July based on the points you’ve earned in the previous six months and will appear on your credit statement.
The only difference is that the credit card is only accepted at Hudson’s Bay and thebay.com.
You can earn double the points at Hudson’s Bay and thebay.com with either credit card. Simply present your Hudson’s Bay Rewards Card at the time of your Hudson’s Bay Credit purchase.
What Is The Annual Fee For The Hudson’s Bay Card?
There’s no annual fee for the Hudson’s Bay Mastercard, the Credit Card or the Hudson’s Bay Rewards program.
Though there are many benefits of owning a Hudson’s Bay credit card there are certain drawbacks as well. It’s up to you to decide whether you should get this credit card or not.
If you are someone who shops a lot at Hudson’s Bay or thebay.com, then this card might be the right one for you.
However, if you are the type of person who only does basic shopping, then you need to see if the rewards system and benefits are of any use to you at all.
Overall my review is very positive, this credit card is one of the best store credit cards offered in the market, offering customers many benefits.
If you like the content of this article and find it helpful, please share it on social media and help spread the word. Also, let me know your thoughts and comments in the comment box below. That’s all for now. Stay healthy and safe.
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Sagar Sridhar is a personal finance blogger from Canada. His genuine passion for personal finance coupled with his unique style of writing is what stands out. Professionally, he is a computer engineer, agile certified and has a master’s degree in Project Management. His writing has been featured or quoted in the leading Canadian publications such as Credit Canada and many other personal finance publications. While he is juggling between his day job and blogging, he is the main author on this blog and has miles to go before making the final pit stop.