Maries, an American women’s clothing store, has been around for decades. Maurices has 932 stores across Canada and the United States, owned by Maurice Labovitz, who founded it in Duluth, Minnesota, USA. Maurices Credit Card was sold to the American Retail Group; in 2005, the American Retail Group sold it to the Ascena Retail Group. The official website for Maurices is www.maurices.com.
A Maurices Credit Card has many advantages. You can ship orders anywhere in the continental United States for free. The company is offering $10 off all birthday orders, early access to promotions, and exclusive offers throughout the year. You earn points for every dollar spent when you join the MyMaurices Rewards program.
Fees & Charges Of Maurices Card
Maurices Credit Card APR and Other Fees
Maurices offers this credit card with no annual fee. The Variable Purchase APR of 27.24% is based on the prime rate and market changes. Maurice calculates the minimum monthly payment based on the greater of 3.5% of the New Balance or $5. Maurice charges a minimum of $2.00 for each month he is entitled to interest. Late and returned payments incur additional charges of up to $37.
How do you deal with a high APR?
Retail credit cards offer cardholders a great opportunity to build a positive credit history while earning reward points at stores where they already shop. Retail cards are also often associated with very high-interest rates, and Maurices is no different. Having a high APR and paying high-interest rates over time can be avoided if you manage your credit card debt strategically.
One of the best ways to avoid the high-interest rate on this card is to pay it off every month and avoid charging interest altogether. If you cannot pay your balance in full, pay it off as soon as possible, so you don’t end up paying too much interest.