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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 (26.24%) 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, we would recommend you to compare this credit card with the Discover it® Cash Back credit card. Discover gives 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. All other purchases earn 1% cash back. Now you should sit and crunch numbers to see which credit card will be the best choice for you.