Luxe Signature Card
Like a few other cards I’ve reviewed here, like the Horizon Gold Card and the other Comenity Bank Cards, the Luxe Signature Card is intended to be used by people who are looking to rebuild their credit. Anyone who has a less-than-stellar credit score can use this card to in order to improve their credit – applications are given guaranteed approval and may be granted up to $1500 in credit.
This card, in my personal opinion, is the gold standard as far as online store cards go – If you’re looking to improve or rebuild your credit score I would highly suggest you invest in this card. It would only take a little bit of your time (applications are quick and easy) to apply, and once you receive the card, you can work on making regular payments with it and watch your credit score climb up.
About The Luxe Signature Card
This card is not a replacement for “real” credit cards like MasterCards or Visas. Instead, it is intended specifically for people looking to improve their credit score – meaning those with bad credit can apply and rest easy knowing they are given guaranteed approval.
Once you apply, the delivery usually takes up to 7 business days. Typically, this card offers around $1500 of credit. Fair warning: This is not the card to get if you want to earn cashback rewards or some sort of reward system.
Pros of The Card
This card is going to look good on your credit report once you’re approval (and you will be, as applications are guaranteed approval). Once you’ve obtained it, you can either make regular payments on it to boost your score, or simply don’t make any purchases on it to reap the benefits of having been approved for it (this strategy is being used by others who have the card as well, although I don’t know much about it).
As I just mentioned, it’s a guaranteed approval card.
You can use it to finance things like any other store card.
Cons of The Card
The waiting period of the card – It can take up to 7 days to arrive..
Tips For Improving Your Credit Score
First off, check out this page if you’re looking for a more precise guide on how I was able to improve my own credit score, but here are just a few tips to get you started on the process of improving your credit score.
- Improve your credit – the approval for this card is one step in the right direction, but then the onus is on you to actually make sure that you’re paying off your payments as owed on time.
- Remove Strikes – Any sort of negatives on your credit score are holding you back. Reach out to an official third party such as Lexington law and see if you can get these strikes removed.
- Rinse and Repeat. Once you have your chosen method of improving your credit, you just need to stick with and make sure you’re on time with your payments. Consistency is key.
The Luxe Signature Card is one of the best of the comenity bank store cards (cards utilized for improving credit scores) if you’re working to get your credit improved. Good luck!