Neiman Marcus Credit Card Review
Neiman Marcus sells some of the world’s best clothing, shoes, handbags and accessory brands. As a specialty department store it’s no wonder it has so many loyal customers. With their InCircle Points rewards program, you get great deals on most items in their store, online at NeimanMarcus.com, or with their partners. Use this guide to take advantage of all the perks that being a Neiman Marcus customer offers.
Neiman Marcus Credit Card
As an American luxury store, Neiman Marcus rewards shoppers with the opportunity to earn points for virtually every dollar spent online or in-store. As a loyal customer of Neiman Marcus, you can get on the fast track to earning $100 Point Cards for every 10,000 InCircle points earned.
How? Simply open a new Neiman Marcus Credit Card and you’ll be rewarded with 5,000 InCircle points the same day you make a purchase. This means you’ll already be halfway to your first $100 Point Card.
Using your Neiman Marcus credit card means that anytime you shop at Neiman Marcus stores, and Neiman Marcus partners, you’ll earn two InCircle points for nearly every dollar spent. You’ll also receive complimentary two-day shipping as an InCircle Circle Two member.
And if you’re looking for even more savings, the Neiman Marcus InCircle program comes with even more exclusive deals. You’ll get access to bonus points opportunities, invitations to shopping events, and more great deals!
Neiman Marcus Credit Card Perks
Neiman Marcus credit card comes with no annual fee and a nice list of perks that can be earned as a cardholder. For nearly every dollar spent you’ll earn 2 InCircle Points. Once you’ve accumulated 10,000 points, your account will automatically be cashed in for a $100 Point Card.
If you’re doing the math, that means you’ll have to spend $5,000 to earn your first $100 Point card ($5,000 x 2 points = 10,000 points). So, the more you shop the more benefits you’ll gain.
Here’s a list of some of the perks you can access as a Neiman Marcus credit cardholder:
- No annual fee
- Access to the InCircle Points program
- Earn 2 points for nearly every $1 spent
- Cash in 10,000 points for a $100 Points Card
- Free gift packaging in-store and online
- Get 5,000 bonus InCircle Points after making a purchase the same day
- Receive special discounts and bonus point opportunities
- Spend $1,000 or more annually and receive complimentary 2-day shipping
- Access exclusive invites to shopping events
- Promotional financing plans
- Circle Two and above members are rewarded with Double-Point Day
One perk that Neiman Marcus offers are promotional financing plans. This is great if you want to make a larger purchase and pay it off over a few months. As a cardmember, you get anywhere from 6-12 months of waived interest charges. The only thing is that equal monthly installments must be repaid in order to take advantage of the promotional financing.
Neiman Marcus InCircle Points Program
The InCircle Points program from Neiman Marcus is broken up into many different tiers depending on your shopping habits. Each level is defined below and comes with various benefits according to your annual spending.
- Circle One ($1+)
- Circle Two ($1,000+)
- Circle Three ($2,500+)
- Circle Four ($5,000+)
- Circle Five ($10,000)
- Higher tiers of the Neiman Marcus InCircle Points program can be obtained when spending $35,000 or more every year.
The Double Point Day of Choosing perk kicks in at Circle Two and higher. This allows InCircle Points members to choose a day that they want to earn 4 points for every dollar spent for purchases made online and in-store.
At Circle Three and higher, members are rewarded with a bonus $25 Perk Card that can be used towards store-specific services. This includes dining, alternations, parking, jewelry and accessory upkeep, and more.
Neiman Marcus Credit Card Disadvantages
Unlike traditional credit cards the Neiman Marcus credit card is limited in use. Since it’s not a Visa or MasterCard, it can only be swiped at NM stores/online and NM partners. This is perfect for loyal customers of Neiman Marcus, but that’s about it. This card also comes with a high APR interest rate. If you do not qualify for the 6-12 month promotional financing offer you will be forced to pay interest on any unpaid balance.
Access to the InCircle Points program is only as good as your spending. If you do not spend enough to reach the specific tier requirements for the year, you will lose those corresponding perks.
Still, the Neiman Marcus credit card could make sense since there’s no annual membership fee. Even the basic Circle One InCircle Points tier comes with member-only sales, bonus points opportunities, and special shopping events. Just be sure to consider the disadvantages along with the advantages offered by the Neiman Marcus credit card.
- High APR
- Must spend $5,000 to earn $100 Point Card
- For use at Neiman Marcus and NM partners only
The Bottom Line
As a Neiman Marcus high-end shopper, you’ll receive exceptional customer service and exclusive perks. When you open a Neiman Marcus credit card and make your first purchase the same day, you’ll be rewarded with 5,000 bonus InCircle Points. Once your points balance reaches 10,000, it will automatically be cashed in for a $100 Point Card. There’s no annual fee so even if you don’t shop with NM very often it could still make sense to get rewards, bonus points, and exclusive sales.
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.