Gap Visa Credit Card Review

Woman shopping with a credit card
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Regular Gap shoppers have probably been pitched the Gap Visa card at the checkout counter, along with an offer to save 10-20% on your initial purchase. If you're considering applying for the Gap Visa, here's what you need to know.

The Gap Visa credit card is a co-branded credit card issued by Synchrony Bank (formerly GE Capital) that lets you earn special rewards at Gap and its sister stores. Since it's a Visa credit card, you can use the card at Gap and all other stores that accept Visa.

Earning Rewards on the Gap Visa

With the Gap Visa credit card you earn 5 points for every dollar you spend at Gap and its sister stores (Old Navy, Banana Republic, Piperlime) and 1 point per dollar on all other purchases. Once you accumulate 500 points, you earn a $5 reward. Even though this is a Visa, you can only redeem your rewards at Gap or affiliate stores, but you can combine multiple rewards or combine with most other sales and coupons for a deeper discount.

Cardholders get special offers to earn extra points, 10% discount on Tuesdays, special savings on birthdays, access to special events with exclusive discounts.

Silver Status

Once you earn 5,000 bonus points in a calendar year, your account can be upgraded to Silver status. You'd have to spend $1,000 on (non-bonus) Gap purchases to reach Silver status. Benefits of Silver status include free online shipping on all purchases, 20% quarterly reward bonus, 15% discount on a day that you choose, triple points on select days, and free basic alterations on Banana Republic purchases. You’ll have to continue earning 5,000 each calendar year on your card to maintain Silver status.

For some people, that's a lot of credit card shopping, unless the Gap Visa happens to be your main credit card.

Gap Visa vs. GapCard

The Gap Visa is very much like the limited-purpose GapCard, except that you can make purchases in more places, but the rewards can only be used in Gap and its sister stores. Other than the rewards program, there isn’t much that makes the GapCard credit card attractive.

Unfortunately, you don’t get to choose whether to apply for the Gap Visa or the GapCard. Instead, the bank first tries to qualify you for the Gap Visa and then for the GapCard. You’ll need a good credit history to be approved for the Gap Visa even though the offer isn’t that great.

Should You Get the Gap Visa Credit Card?

Even if you really love Gap clothing, this card isn’t that great of a deal, like most store credit cards. While there's no annual fee, the 26.49% APR is much higher than average, so you’d want to pay your balance in full on this card. Paying in full not only allows you to avoid expensive finance charges on your balance, but also keeps you from negating your rewards with interest payments.

If you qualify, the Discover it would be a better deal since you can earn up to 10% cashback on Gap, Old Navy, and Banana Republic purchases when you make the purchase through ShopDiscover. A $10 cash reward is a lot more flexible than a $5 coupon towards a Gap purchase.

Credit card terms and sign-up bonuses are subject to change from the time of this review. Visit the credit card issuer's website for the most recent terms and conditions.