If you shop a lot at Loft and Ann Taylor, this card can be a good option for you. A one of the big cons can be rather high APR (24.99%) which is rather standard for store credit cards. If you are not going to pay off the card balance each month, you may accrue a lot in interest. If you always pays off the cards’ balances, then you should note that grace period for Loft credit card is 23 days, which is 3-7 days shorter than on a general credit card. As for rewards, I would recommend you to compare this credit card with Discover it card. Discover gives regular 1% cash back on all purchases, 5% in rotating categories and 5% cash back on Loft and Ann Taylor purchases made through Discover Deals. These rewards can be combines, so your cash back at Loft can be minimum 6% and maximum 11%. Now you should sit and crunch numbers to see which credit card will be the best choice for you.