If you’re considering using the TJX credit card to top up your balance, consider a secure card like the Discover it Secured Credit Card. With a secure card, you pay a deposit equal to your credit limit. The Discover it Secured Credit Card allows you to deposit a minimum of $200 up to a maximum of $2,500, The TJX Rewards credit card can save you if approved.
While an initial deposit may seem high, there is no annual fee with this card. Your account will also be evaluated after seven months to determine if you are eligible to switch to an unsecured card and receive a refund of your deposit.
You’ll also earn 2% cashback on gas and restaurant purchases, up to $1,000 in combined purchases each quarter, then 1%. All other purchases receive a 1% discount. Also, check out all the extra cashback rewards you’ll earn at the end of your first year.
Although the initial spend of a secure card is higher, it offers greater purchasing power than the TJX Rewards credit card.
There is a TJX Rewards credit card, which can save you a lot at TJ Maxx, Marshalls, HomeGoods, and Sierra stores, but not much else. For purchases outside these stores, most consumers would be better off with a cash-back credit card such as the Chase Freedom Flex℠ or the Citi Double Cash Card: 18 Month BT Offer. The TJX Rewards credit card even offers a 10% discount on your first TJ Maxx purchase, though it’s not as good as other rewards cards.
Keep in mind that you can always buy more than one credit card. You can purchase the TJX Rewards credit card and use it as a second card in your wallet. Use it whenever you shop at TJ Maxx brand stores and use a different credit card for your other daily needs. This is the ideal configuration. The main disadvantage of opening two credit cards is that it can negatively affect your credit score.