The Goody’s Credit Card, which you can use at any Stage store or on the retailer’s website, comes with generous rewards for frequent shoppers. But if you don’t hit those stores often, you’ll be better off getting a non-store rewards card that you can use to make purchases anywhere.

Goody’s is one of the Stage family of stores, a chain of department stores stretching across the USA. You might also be familiar with this brand under the names Bealls, Peebles and Palais Royal. Goody’s in particular focuses on apparel, accessories, cosmetics, footwear and housewares.

ALSO READ: CardCruncher’s Complete Guide to Improving Your Credit Score

Goody’s Credit Card Review

Here’s what you absolutely must know about the Goody’s Credit Card.

  • Annual Fee: None
  • APR: 28.49%. Cash advances are not permitted.
  • Sign-Up Bonus:
    • Welcome Coupon of $5 off a purchase of $5 or more that you can keep the coupon even if you’re not approved for the card
    • 15% discount on all merchandise purchased on your first day
  • Benefits:
    • Automatic Preferred status in the Stage Style Circle Rewards program:
      • 2 points for every $1 spent at Stage stores using the Goody’s card, and 1 point for every $1 spent using other forms of payment
    • Exclusive cardholder savings
    • Membership in the Style Circle Community, an online forum for customers
    • Birthday Reward coupon of $10 for Preferred cardholders and $20 for Platinum cardholders
    • Christmas Reward of $10
    • Platinum status when you spend more than $750 at Stage stores in a single year, which entitles you to free shipping on all online purchases
  • Minimum Payment: The larger of $27 or 5% of the balance
  • Fees:
    • $38 late fee
    • $38 returned payment fee
  • Other Details: The card can only be used at Stage stores or on stage.com.

What’s a Point Worth?

For every 100 points you earn at Stage stores, you’ll receive a $5 cash reward. That makes each point worth about $0.05. You don’t have to use your Goody’s Credit Card in order to earn points, but you will earn double points for doing so. Without the card, you’d need to spend $500 in order to earn $100 in rewards. But using the Goody’s Credit Card means getting $100 in rewards after spending just $250.

Why to Apply for the Goody’s Credit Card

Here are a few reasons you may want to consider signing up for the Goody’s Credit Card.

Signup bonuses can save you some money: Goody’s cardholders get two different signup bonuses. First, there’s the $5 Welcome Coupon that you get just for applying. Second, you get a 15% discount coupon. If you apply for the card in a store, the 15% discount is applied against that day’s purchases. Online applicants will get a 15% coupon via email. The birthday and Christmas coupons are another nice little perk.

Loyal customers can earn discounts: The Goody’s reward program can be a big money-saver if you regularly shop at any of the Stage family of stores. By earning 2 points for every $1 you put on the card, you’ll be able to get a $5 reward after spending $50 – that’s the equivalent of a 10% discount. The deals are particularly nice for Platinum cardholders, since you can get a bigger birthday coupon and free ground shipping on purchases from stage.com.

Goody’s Credit Card: Drawbacks and Downsides

Take these issues into account before signing up for the Goody’s credit card.

Carrying a balance will cost you: At 28.49%, the interest rate on this card is well above average, even for a store card (which tend to have higher APRs than non-store cards). If you can make your Goody’s credit card payment in full every month, this card may be a good deal for you. But if you have trouble keeping your card paid off, the interest charges could wipe out the value of those juicy rewards and then some.

The card can only be used for Stage purchases: As a store card, the Goody’s credit card can only be used at Stage stores or on stage.com. If you don’t shop there regularly, you may be better off with a more traditional cash-back rewards card.

Goody’s Credit Card Alternatives

If you’re interested in a card that offers equivalent benefits but fewer drawbacks, try one of these.

If you’re looking for a credit card with no annual fee, try the Chase Freedom Unlimited. This card has no annual fee and a 0% introductory APR for the first 15 months on purchases and balance transfers. It also features 1.5% cash back on all purchases, so you get $1.50 back for every $100 you spend.

If you’re looking for rewards, try the Citi Double Cash Card. It has one of the best cash rewards programs around, and you can get the money sent straight to your bank account or use it to pay your balances on the card. This card gives you 1% cash back on purchases, and an additional 1% cash back on your card payments — that can get you up to $2 in total for every $100 you spend.

Bottom Line: Should You Apply for the Goody’s Credit Card?

If you’re a devoted Stage store shopper, the rewards might make this card worth having. That said, the high interest charges can cancel out those rewards pretty quickly which makes this card is best for someone who can pay off the balance every month. If that doesn’t describe you, you’re better off with a low-interest-rate card that won’t penalize you so heavily for carrying a balance.

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