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 the Discover it® Cash Back credit card. Discover gives 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and moreup to the quarterly maximum each time 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.