If you shop at TJ Maxx frequently, you should definitely think about applying for a credit card designed especially for its affiliated retailers. Although there are many general rewards cards available, you typically cannot use them to receive bonuses when making purchases at discount stores. But if you choose a TJ Maxx card, you’ll receive that in addition to a larger return on your purchases, so the deal is absolutely worthwhile.
For further information regarding the benefits and drawbacks of a TJMaxx credit card, we have a comprehensive guide available.
The TJ Maxx credit card, officially known as the TJX Rewards® Platinum Mastercard®, is a popular choice for shoppers who frequent the retailer But what credit score do you need to get approved for this card?
Minimum Credit Score Requirement
The minimum credit score requirement for the TJ Maxx credit card is 640 This means that you need at least fair credit to be eligible for approval. However, it’s important to note that this is just a minimum requirement, and your actual approval odds will depend on other factors as well, such as your income, debt-to-income ratio, and credit history
Other Factors that Affect Approval
In addition to your credit score, the following factors can also affect your chances of getting approved for the TJ Maxx credit card:
- Income: The higher your income, the more likely you are to be approved for the card.
- Debt-to-income ratio: This is the percentage of your income that goes towards debt payments. A lower debt-to-income ratio is better, as it shows that you have more available income to make payments on the card.
- Credit history: This includes your payment history, credit utilization, and the length of your credit history. A longer and more positive credit history will increase your chances of approval.
- Hard inquiries: These are inquiries made by lenders when you apply for new credit. Too many hard inquiries in a short period of time can lower your credit score and make you less likely to be approved for the card.
How to Improve Your Chances of Approval
If you don’t currently meet the minimum credit score requirement for the TJ Maxx credit card, there are a few things you can do to improve your chances of approval:
- Pay down your debt. This will lower your debt-to-income ratio and make you a more attractive borrower.
- Become an authorized user on a credit card with good credit. This will help you build your credit history without having to open a new account.
- Wait to apply for new credit. Too many hard inquiries in a short period of time can lower your credit score.
- Consider a secured credit card. This is a type of credit card that requires a security deposit, which can help you build credit if you have bad credit or no credit history.
Alternatives to the TJ Maxx Credit Card
If you don’t meet the credit score requirement for the TJ Maxx credit card, or if you’re looking for a different card with similar benefits, here are a few alternatives to consider:
- Capital One Platinum Credit Card: This card has no annual fee and offers a 0% intro APR on purchases for 15 months.
- Discover it® Secured Credit Card: This card is a good option for people with bad credit or no credit history. It requires a security deposit, but it offers rewards on purchases and can help you build your credit.
- Wells Fargo Active Cash® Card: This card has no annual fee and offers a flat 2% cash back on all purchases.
The TJ Maxx credit card is a good option for shoppers who want to earn rewards on their purchases at TJ Maxx and other TJX stores. However, you need at least fair credit to be eligible for approval. If you don’t meet the credit score requirement, there are a few things you can do to improve your chances of approval, or you can consider an alternative card with similar benefits.
What Are Some Alternatives to TJMaxx Credit Cards?
If the TJ Maxx credit card rewards aren’t enough for you, you might want to look into some other choices.
How Does TJX Rewards Credit Card Differ from the Platinum One?
When you decide to apply for a TJX credit card, you may receive one of two rewards cards. It should be noted that applicants are not informed in advance of the credit card they will be approved for; instead, the credit score is used to make this determination. The Platinum card will be available to those with good credit, while those with bad credit will receive the TJX Rewards card, which is only good for purchases made from the company.
The store-only rewards card has all of the same benefits as the Platinum card, but it’s not connected to any standard payment networks like Visa, Mastercard, or others. ). It indicates that although you won’t be able to get 1% on other purchases made in different stores, you will still receive 5% on purchases made at TJX family locations. Also, it won’t have the additional benefits associated with the MasterCard network.
The only way to get a Platinum card specifically is to raise your credit score to a level that is at least in the Fair range.
TJ Maxx Credit Card Review 2024 (+ Marshalls Credit Card & HomeGoods & Sierra & Other TJX Stores)
FAQ
Is it hard to get approved for a T.J. Maxx credit card?
What credit bureau does T.J. Maxx pull?
What is the credit limit on a T.J. Maxx credit card?
Does T.J. Maxx do a hard credit check?
Who qualifies for TJ Maxx store credit card?
For instance, those with no or low credit are more likely to qualify for the TJ Maxx store credit card than the TJX Rewards card. You can qualify for the TJ Maxx store credit card with a credit score in the low 600s, while a higher credit score (700+) is needed for the TJX Rewards Platinum MasterCard.
Does TJ Maxx have a low credit score?
You can qualify for the TJ Maxx store credit card with a credit score in the low 600s, while a higher credit score (700+) is needed for the TJX Rewards Platinum MasterCard. If you have a low credit score, you may not qualify for competing rewards credit cards, which typically require scores in the “excellent” range.
What credit score do you need for a TJX credit card?
The credit score that you need for the TJX Credit Card is 700, at a minimum. That means people with at least good credit have a shot at getting approved for this card. The TJX Store Card, on the other hand, requires a 640 + credit score ( fair credit). Other TJX Credit Card Approval Requirements
How many TJ Maxx credit cards are there?
There are two TJ Maxx credit cards: The TJX Mastercard and the TJX Store Card. You don’t really get to choose between them, though. There’s only one application, and the card you get largely depends on your creditworthiness. People with good or excellent credit generally get the Mastercard, while folks with fair credit get the store card.