Old Navy Rewards Mastercard®
Is the Fee Worth It?
Based on $1,500/mo average spend
Great value — no annual fee. You'd earn ~$252/yr on typical spending.
Old Navy Rewards Mastercard®
Quick Snapshot
- Annual Fee: $0
- APR: 30.24% variable
- Rewards: 5X points at Old Navy and Gap Inc. brands; 1X everywhere else
- Bonus: 20% off your first purchase at Old Navy with the card
- Best For: Frequent Old Navy and Gap Inc. shoppers who want rewards on brand purchases and an open-loop Mastercard
- Credit Needed: Fair to Good (620-750)
Overview
The Old Navy Rewards Mastercard is the open-loop version of the Old Navy store card, usable anywhere Mastercard is accepted. You earn 5X points on purchases at Old Navy, Gap, Banana Republic, and Athleta, and 1X on all other purchases.
Every 500 points earned converts to a $5 reward, making the effective earning rate 5% at Gap Inc. brands and 1% everywhere else. Cardholders also receive free shipping on online orders at Gap Inc. brands and access to exclusive cardholder events and promotions.
As a no-annual-fee card, this works well as a dedicated card for Gap Inc. brand shopping. The open-loop Mastercard functionality means you can use it anywhere for 1X earning, though a flat 2% card would be better for non-brand spending.
APR Breakdown
- Purchase APR: 30.24% variable
- Balance Transfer APR: 30.24% variable
- Cash Advance APR: 30.24% variable
- Penalty APR: None (already at max)
Note: This is a high-APR retail card. Always pay your balance in full to avoid significant interest charges that can erase your rewards value.
Benefits Overview
Rewards Earning
- 5X points per dollar at Old Navy, Gap, Banana Republic, and Athleta
- 1X point per dollar on all other purchases
- Every 500 points = $5 reward (redeemable at any Gap Inc. brand)
Shopping Perks
- Free shipping on online orders at Gap Inc. brands
- 20% off your first purchase with the card
- Access to exclusive cardholder events and promotions
- Birthday bonus points
Card Basics
- No annual fee
- Open-loop Mastercard accepted everywhere
- Zero liability on unauthorized purchases
Rewards & Points
- 5X points at Old Navy, Gap, Banana Republic, and Athleta (5% back)
- 1X point per dollar on all other purchases (1% back)
Points convert to $5 rewards for every 500 points earned. Rewards are redeemable at any Gap Inc. brand store or website. Points expire after 12 months of account inactivity.
Welcome Bonus
New cardholders receive 20% off their first purchase at Old Navy with the card. While not a traditional points bonus, this can be a significant savings on a large initial purchase. There is no minimum spending requirement to trigger this benefit.
Fees Summary
- Annual Fee: $0
- Foreign Transaction Fee: 3%
- Balance Transfer Fee: 5% (min $10)
- Cash Advance Fee: 5% (min $10)
- Late Payment Fee: Up to $41
Who This Card Is Best For
Ideal For
- Gap Inc. Shoppers who regularly buy at Old Navy, Gap, Banana Republic, or Athleta
- Family Shoppers who buy children's clothing and basics at Old Navy frequently
- Free Shipping Seekers who want free shipping on all Gap Inc. online orders
Not Good For
- Non-Brand Shoppers who rarely buy from Gap Inc. brands
- International Travelers who need a card without foreign transaction fees
- High-Spend Earners who want better than 1% on non-brand purchases
Key Pros & Cons
Pros
- 5% effective return at Old Navy, Gap, Banana Republic, and Athleta
- No annual fee
- Open-loop Mastercard usable anywhere
- Free shipping on Gap Inc. online orders
- 20% off first purchase
- Birthday bonus points
- Simple points-to-rewards conversion
- Exclusive cardholder promotions and events
Cons
- Very high 30.24% APR on all transactions
- Only 1% back on non-brand purchases
- 3% foreign transaction fee
- Points expire after 12 months of inactivity
- Rewards only redeemable at Gap Inc. brands
- No travel benefits or protections
- No purchase protection or extended warranty
- Limited value outside the Gap Inc. ecosystem
Alternatives to Consider
| Card | Best For | Annual Fee | Rewards | Credit Needed |
|---|---|---|---|---|
| Citi Double Cash | Flat 2% on all purchases including retail | $0 | 2% on everything | Good to Excellent |
| Amazon Prime Rewards Visa | 5% at Amazon for online shoppers | $0 (with Prime) | 5% Amazon, 2% restaurants/gas | Good to Excellent |
| Target RedCard (Credit) | 5% at Target with free shipping | $0 | 5% at Target | Fair to Good |
How the Rewards Add Up
Example Annual Value
| Category | Annual Spend | Reward Rate | Earned | Value |
|---|---|---|---|---|
| Gap Inc. Brands | $2,400 | 5X | 12,000 pts | $120 |
| Other Spending | $12,000 | 1X | 12,000 pts | $120 |
Annual value of $240 with moderate Gap Inc. spending. Most valuable for families who buy basics and children's clothing at Old Navy regularly.
Should You Get This Card?
You Should Get It If...
- You regularly shop at Old Navy, Gap, Banana Republic, or Athleta
- You want free shipping on all Gap Inc. online orders
- You prefer a no-annual-fee store card with open-loop Mastercard functionality
- You buy children's clothing and basics at Old Navy
- You want a dedicated card for brand-specific shopping
- You want 5% back at your favorite clothing brands
You Should Skip It If...
- You rarely shop at Gap Inc. brands
- You want strong earning on all spending, not just at one brand family
- You travel internationally and need no foreign transaction fees
- You carry a balance -- the 30.24% APR is punishing
- You want travel benefits or flexible points
Apply Now
Apply for Old Navy Rewards Mastercard®
Information accurate as of May 2026. Terms and conditions apply. Please visit the issuer's website for the most current information.
Ready to Apply for Old Navy Rewards Mastercard®?
Get started with your secure application on Barclays's website. Takes about 60 seconds.