TJX Rewards Platinum Mastercard Review

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If you regularly shop at budget retailers such as TJ Maxx, Marshalls, HomeSense, Sierra, or HomeGoods, you could reliably earn a substantial amount of cash back just by using parent company TJX’s co-branded rewards card. The TJX Rewards Platinum Mastercard is issued by Synchrony Bank. But unlike some co-branded store cards, the TJX Rewards Platinum Mastercard doesn’t offer much flexibility when it comes time to redeem your points. You can only use your it to purchase additional merchandise from a TJX-affiliated store.

TJX Rewards® Credit Card

overall rating
3.4
TJX Rewards® Credit Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
Regular APR (%) 28.99% variable
Annual Fee $0
Rewards Earning Rate Earn 5x points back in rewards when you shop in their family of stores.
Ratings Breakdown
for Interest
1.7
for Fees
4.0
for Rewards
4.0
for Credit
4.2

Who is This Credit Card Best For?

  • Avatar for Trendsetter Persona
    Loves being the first to try something new
    Trendsetter
  • Avatar for Brand Loyalist Persona
    Frequently shops with a particular merchant and wants to be rewarded for their loyalty
    Brand Loyalist
  • Avatar for Family Shopper Persona
    Looks for good quality at a fair price while buying for the household
    Family Shopper
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain
    Deal Seeker

Frequent shoppers at TJX-affiliated stores, such as TJ Maxx, Marshalls, HomeSense, HomeGoods, and Sierra, could save a significant amount of money with a TJX Rewards Platinum Mastercard. The card is an especially good pick for families that spend a fair amount each year on new clothes for growing kids, new furniture or kitchen supplies, and other home-related purchases, and who could use some extra help shaving down their expenses. 

You may also have an easier time qualifying for the TJX Rewards Platinum Mastercard if your credit score is less than perfect: Store cards have a reputation for being easier to get than other cards.

Pros

  • Generous rewards-earning rate on TJX purchases

  • Rewards redeemable at a variety of TJX stores

Cons

  • Low rewards-earning rate on non-TJX purchases

  • Rewards redeemable only for TJX merchandise

  • High ongoing interest rate

Pros Explained

  • Generous rewards-earning rate on TJX purchases: Depending on how much you spend each year, you could save quite a bit with this store credit card. For example, the average family spends around $1,800 a year on clothing, according to the Bureau of Labor Statistics. If you use your TJX Rewards Platinum Mastercard to buy that much clothing from a TJX store, the 5% back in rewards would translate to $90. 
  • Rewards redeemable at a variety of TJX stores: Together, the TJX family of stores sells everything from clothing and accessories to beauty products, toys, furniture, home decor, bath and bedding, kitchenware, pet supplies, outdoor gear, and more. 

Cons Explained

  • Low rewards-earning rate on non-TJX purchases: Unless you’re only interested in using your rewards to purchase more merchandise, you’re better off getting a card with a higher rewards rate on non-TJX purchases. 
  • Rewards redeemable only for TJX merchandise: The TJX card is more restrictive than some competitors. For example, some co-branded store cards allow cardholders to redeem their rewards for cash back, gift cards, travel, or other rewards purchases. 
  • High ongoing interest rate: You could get stuck with a ton of debt if you carry a balance on this card. Even for a store card, the interest rate on the TJX Mastercard is steep. What’s more, unlike some store cards, the TJX Mastercard doesn’t offer a lower introductory interest rate. 

Sign-Up Bonus

Store credit cards don’t typically offer great bonuses—if they offer a bonus at all. However, the bonus on the TJX Mastercard is especially puny: You’ll get just 10% off an online or in-store purchase if you apply for the card on a desktop or tablet, or 10% off an in-store-only purchase if you apply for the card through your mobile phone. Even if you buy a lot, that discount won’t get you very far. For example, if you buy a $600 kayak from Sierra, you’ll only get $60 taken off the purchase price. If you buy $100 worth of clothing, you’ll get $10 off your purchase. 

Earning Points & Rewards

If you’re using your card to buy merchandise from a TJX-affiliated store, the rewards rate on the TJX Mastercard is great. Only a handful of store credit cards offer a comparable 5% rewards rate and the merchandise you can buy with those cards is often limited. The TJX Platinum Mastercard is also one of the only store credit cards that offers its bonus points at a wide variety of stores. With so many earning opportunities, you could save quite a bit of cash. For example, if you spent $1,000 on clothing, $2,000 on furniture and home goods, and $500 on sporting goods, you’d earn $175 worth of rewards. 

However, the 1% rewards rate on non-TJX purchases isn’t as exciting. Some competitors, by contrast, offer bonus points on a wider variety of purchases, such as gas, dining, or travel.

Redeeming Rewards

Unlike some competitors, the TJX Mastercard doesn’t give you much choice in how to redeem your rewards. After you accumulate at least 1,000 rewards points, you’ll be issued a rewards certificate along with your billing statement. (They are issued in $10 or $20 denominations, depending on your points total.) If you don’t earn the 1,000 points until after Synchrony Bank sends you your bill, you’ll have to wait until the next month’s bill to receive your rewards. 

You can use your rewards in-store or online at any TJX-affiliated store in the U.S. or Puerto Rico. However, you can’t use your rewards to buy store gift cards.

Don’t wait too long to redeem your rewards: Certificates expire after two years. 

How to Get the Most Out of This Card

Use the card for all of your TJX-affiliated store purchases to earn the 5% cash back. Keep an eye out for sales at your favorite stores once you’ve accumulated some rewards. That way, you can stretch your points even further by using them to buy goods at a discount. 

In addition, consider pairing this card with another rewards card that offers higher earnings on stuff you buy outside of TJX stores.

The TJX Rewards Platinum Mastercard’s Other Features

Like most store cards, the TJX Rewards Platinum Mastercard doesn’t offer many extra perks. However, it does give you access to occasional private shopping events.

You’ll also receive cardholder perks through Mastercard. Cardholders with good credit may be issued a World Mastercard, which offers more benefits than the standard Mastercard. When you get your new card, you’ll also get a guide explaining your benefits. The guide will be accessible via your account page on Synchrony’s website, too. 

Customer Experience

The TJX Rewards Platinum Mastercard’s issuer, Synchrony Bank, ranks near the bottom in J.D. Power’s 2019 credit card satisfaction survey, coming in 10th overall out of 11 credit card issuers and scoring 780 out of 1,000 points (industry average was 806). However, you can contact Synchrony Bank via secure email or by using an online chat feature on the website. 

Security Features

Synchrony Bank provides basic security such as encrypted online access to your account, and account monitoring to detect fraudulent charges, but does not offer the full suite of security and identity protection tools (such as credit report alerts and virtual credit card numbers) that many of the large issuers do. 

The TJX Rewards card’s fees

The TJX Rewards Platinum Mastercard’s fees aren’t unusual for a store credit card. However, avoid cash advances since the card’s high cash advance fee ($10 or 4% of the amount) and 29.99% cash advance interest rate can add up quickly.

For TJX Rewards® Credit Card

Compare This Card

See how this card stacks up to the competition
CURRENT CARD
TJX Rewards® Credit Card
overall rating
3.4
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
Regular APR (%) 28.99% variable
Annual Fee $0
Rewards Earning Rate Earn 5x points back in rewards when you shop in their family of stores.

Our Methodology

  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.