Montgomery Ward Credit Card

Who is the Montgomery Ward Credit Card for?

The Montgomery Ward Credit Card is a card with a singular use: shopping at Montgomery Ward online. If you are looking for a card that gives you rewards back for daily purchases or travel points, other cards would be of better interest. However, if you are a continuous shopper of Montgomery Ward, then this card may be something you’re interested in.

To start, it should be noted that this is a card for building credit. If you have recently seen your credit score decline while your want for online shopping has remained, this card could be a good fit for you. 

Application Process

The application process for this card is rather different compared to traditional applications. In order to apply for this card, you must first purchase something on the Montgomery Ward website. From there, you fill out your necessary billing information and go from there. Upon finishing filling out all information, you can select three different options at checkout.

1. Pay with your own Credit Card (Visa, Mastercard, Discover, AMEX)
2. Pay with your existing Wards Credit account
3. Open and pay with new wards credit account (the option to apply for the card)

After selecting the third option, you will have your bill attached to this new card which you will eventually pay off.

Benefits and Credits

Another great benefit this card offers is cheap monthly payments. If you are applying for this card, odds are you have a low source of income. In order to compensate for your online shopping, the Wards Credit account has adopted the method of “buy now, pay later” at the convenience of the cardholder. This means whatever furniture, electronics, appliances, shoes, or anything else you buy is very relaxed when it comes to repayment.

Upon checkout when obtaining your new credit card, whatever your new balance on your card is can be repaid whenever is most convenient for the cardholder. However, there is a small $10 payment that must be paid each month in order to not receive any additional fees.

If you were to make a purchase of $100, your minimum monthly payment would be $10. If you made a purchase of $200, your monthly payment would be $20. The idea of the Montgomery Ward Credit card is the payments would be repaid in roughly ten months. Of course, if the payments would not be paid on time, you would be subject to late fees and be charged additional fees, which nobody ever wants.

Finally, this card will boost credit scores even if it doesn’t require one to apply. Simply make your monthly payments on time and you will see your score start to shoot up within a year of owning this card.

Annual Fees

While most cards do come with an annual fee, this card does not. The only additional charges would only be incurred if the cardholder has any late payments.

Conclusion

This card won’t mean much to those that don’t shop at Montgomery Ward online. If you have other wants such as finding a card that’s cash back-friendly and gives lots of rewards, you should look elsewhere. This card has a single purpose for online shopping.