What Bank Owns Old Navy Credit Card? Barclays Bank Explained

Barclays Bank Delaware administers the Old Navy credit card program. You might know it as the Navyist Rewards Mastercard.

Old Navy offers affordable clothing for the entire family. Loyal customers can apply for the branded credit card. You can use it across all Gap Inc. stores.

Being sued for Old Navy credit card debt? You can settle it for less with our partner Solo.

Where Can You Use Your Old Navy Credit Card?

The Navyist Rewards Mastercard works at any Gap Inc. family store. You can shop at these locations:

• Old Navy
• Banana Republic
• Gap
• Athleta

You can use the card in stores and online. The program offers rewards for loyal shoppers.

Barclays Bank Delaware Issues Old Navy Cards

Barclays Bank Delaware is the financial institution behind Old Navy’s credit card. Before you apply, understand the card agreement completely.

Got a lawsuit from Barclays? Our partner Solo helps you respond to debt collection lawsuits.

Old Navy Credit Card Rewards Program

The Navyist Rewards Mastercard offers several benefits to cardholders. Here’s what you can earn:

• 30% off your first purchase with the card
• $1 reward for every 100 points earned
• 5 points per $1 spent at Gap Inc. stores
• 1 point per $1 spent elsewhere
• Free shipping on orders over $50

You’ll earn $1 in rewards for every $100 spent at Old Navy. A $100 purchase at Old Navy gives you $5 in future rewards.

Additional perks include:

• Exclusive member-only offers
• Bonus points for shopping at multiple Gap Inc. brands
• Quarterly bonus points
• Early access to sales events
• No annual fee

The Hidden Costs of Old Navy Credit Cards

Old Navy credit cards carry serious financial risks. You need to understand the drawbacks before applying.

Here are the card’s major disadvantages:

• 29.99% APR (extremely high interest rate)
• 5% balance transfer fee
• $41 late payment fee

You can avoid interest charges one way. Pay your entire balance by the due date every month.

Example: Jill applies for the Gap Inc. retail card and gets approved. She buys $250 of clothing at Old Navy. Her 30% first-purchase discount drops the total to $175. She earns 875 reward points worth $8.75. Jill’s minimum payment of $40 is due October 1. She can’t afford the full balance. She pays only the minimum and incurs interest fees. The fees wipe out nearly half her rewards earnings.

You need to pay off your balance before the due date. Interest fees will destroy your savings otherwise.

What Customers Say About Barclays

Barclays administers credit cards for many companies. The company has an A+ rating with the Better Business Bureau.

However, customers have filed complaints about the program.

One customer had an Old Navy card with another bank. When she tried using her card, Old Navy said no account existed. She needed to apply for a new card. But the application was denied because an account was on file. She lost her 30% discount and loyalty rewards.

Another customer complained about late fees during the switch from Synchrony to Barclays. Improper payment processing damaged her credit score and credit report.

How to Pay Off Your Navyist Mastercard Debt

You can tackle your Old Navy credit card debt strategically. Here’s how to start:

Create a Budget and Prioritize Debts

Track your income and expenses first. Identify areas where you can cut spending. Focus on debts with the highest interest rates first. Remember, Old Navy’s card charges 29.99% APR.

Pay More Than the Minimum

Always pay more than the minimum monthly payment. Even small extra payments reduce your overall debt significantly. You’ll shorten your payoff timeline dramatically.

Consider Balance Transfer or Consolidation

Look for cards with lower interest rates. Some offer 0% introductory periods on balance transfers. Debt consolidation loans can combine multiple high-interest debts. You’ll make one payment at a potentially lower rate.

Here’s advice from the Old Navy credit card agreement:

“You can avoid paying interest on purchases if you pay your purchase balance subject to interest (excluding Easy Pay Offers) plus any monthly Easy Pay Payment Amount in full by the Payment Due Date every month.”

Consistency and commitment are key to eliminating credit card debt. Stick to your budget and control your spending.

Think Twice Before Applying for Old Navy Credit

Retail store cards can benefit frequent shoppers. But they typically carry extremely high interest rates.

Old Navy’s 29.99% APR will wipe out any savings. Late payments trigger $41 fees that damage your credit score.

Be realistic about your ability to pay balances in full. Carrying a balance with Old Navy is financially dangerous.

Settle Your Old Navy Credit Card Debt

Getting sued for debt is stressful. But you still have options after a lawsuit is filed.

Debt settlement may be your way out. You pay a lump-sum portion of your debt. The creditor considers the obligation satisfied.

Debt collectors often work with debtors who can’t pay in full. Debt settlement affects your credit score negatively. But non-payment hurts your credit even more.

Follow these three steps to settle credit card debt:

1. Respond to your lawsuit with a written Answer
2. Send a settlement offer to start negotiations
3. Get the final agreement in writing

Our partner Solo helps you with each step. You can respond to lawsuits and negotiate settlements online.

What Is Solo?

Solo makes resolving debt with collectors easy and straightforward.

You can respond to debt lawsuits and send letters to collectors. You can even settle debts for less than you owe.

Solo’s Answer service guides you through every question. An attorney reviews your document before filing. Solo can negotiate directly with your creditor or collector. The entire process happens online.

No matter where you are in the debt collection process, Solo helps you resolve your debt.