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TJX Rewards Platinum Mastercard Review

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The TJX Rewards Platinum Mastercard is designed for people who frequently shop at TJX stores, including TJ Maxx, Marshalls, and HomeGoods.

The TJX Rewards Mastercard is not one of our top-rated rewards credit cards. You can review our list of the rewards credit cards for what we think are better options.

Full Review of TJX Rewards Platinum Mastercard

  • Significant rewards for TJX purchases

  • 10% off your first TJX purchase

  • Widely accepted

  • Limited redemption options

  • Carrying a balance could be costly

  • Not ideal for everyday spending

Pros Explained

  • Significant Rewards for TJX Purchases: The TJX Rewards Platinum Mastercard offers 5% back on purchases made at TJX stores, including TJ Maxx, Marshalls, and HomeGoods. If you routinely shop at these stores for clothing, accessories, home decor, or other items, earning 5% back could quickly add up to some decent savings.
  • 10% Off Your First TJX Purchase: With retail store rewards cards, it's more common to receive a discount on your first purchase in place of a typical introductory bonus offer. This card follows that practice, offering new cardholders 10% off their first in-store or online purchase at TJX stores. 
  • Widely Accepted: As a Mastercard, the TJX Rewards Platinum Mastercard is widely accepted around the world, making it possible to earn rewards on virtually all of your purchases.

Cons Explained

  • Limited Redemption Options: When you reach 1,000 points, you can redeem them for a $10 shopping certificate good at TJX stores and online. That keeps things simple, but if you'd rather use rewards for statement credit, for example, you don't have that option. 
  • Carrying a Balance Could Be Costly: Like many other retail store cards, the TJX Rewards Platinum Mastercard has a relatively high variable APR, so carrying a balance from month to month could cancel out the value of any rewards you earn from shopping. 
  • Not Ideal for Everyday Spending: While you can use this card anywhere, it's not necessarily the best choice for everyday purchases. For example, using it to purchase gas or groceries would earn you 1% back. But with a regular cash back rewards credit card, you could easily earn 1.5% or more back on those purchases.

This Card is Best For

  • Avatar for Rewards Strategist Persona
    Seeks to maximize points or miles earnings across spending categories
    Rewards Strategist
  • Avatar for Brand Loyalist Persona
    Affinity creates desire for rewards and perks with particular brand
    Brand Loyalist

The TJX Rewards Platinum Mastercard is best suited to people who regularly shop at TJX stores and want to earn rewards they can spend there. It's also appropriate for someone who frequently shops at TJX stores and wants to earn rewards on purchases made elsewhere. 

To put it in perspective, you'd have to spend $200 at TJX stores to earn 1,000 reward points, based on the 5% back rate. If that matches up with your typical spending habits, then this card could be a good fit. 

Note that there is also a non-Mastercard version of this card, the TJX Rewards credit card, which can be used only at TJX stores. It earns the same 5% back at TJX stores, and you still get the 10% discount on your first purchase.  

With either card, redemption works the same. And neither card charges an annual fee and the Mastercard version charges no foreign transaction fee. 

Rewards Earning Details

The TJX Rewards Platinum Mastercard has a simple rewards structure. When you use this card, you earn:

  • 5% back on purchases at TJX stores
  • 1% back everywhere else

There is no introductory rewards bonus, although you do get 10% off your first purchase. Rewards are unlimited, so you can earn as many points as your spending allows. That includes rewards on TJX purchases as well as those made elsewhere. 

Rewards Redemption Details

Redeeming rewards with the TJX Rewards Platinum Mastercard is as easy as earning them. 

When you accumulate 1,000 points you can redeem them for a $10 shopping certificate good for in-store or online purchases at TJX stores. You also have the option of redeeming for a $20 certificate if you have at least 2,000 reward points. Each point equates to a value of $.01 or one cent.

Points earned with the card never expire. But once you redeem them for a rewards certificate, they're only good for two years from the date the certificate was issued.

How to Maximize Your Rewards

Maximizing your rewards with the TJX Platinum Rewards Mastercard means shopping at TJX stores whenever possible. Here are a couple of examples of how that might look, based on your spending habits.

Average Case

In this case, let's assume you’re a moderately frequent TJ Maxx, Marshalls, and HomeGoods shopper who spends $3,600 a year at those stores, or an average of $300 a month. You also spend another $500 a month on miscellaneous purchases with your card. 

At that spending rate, you'd earn 18,000 points on your TJX purchases and 6,000 points on miscellaneous spending. That works out to 24 $10 reward certificates, or $240 in savings on future purchases.

Aspirational Case

Now, let's assume you’re an avid TJ Maxx, Marshalls, and HomeGoods shopper who spends $1,000 a month at those stores plus another $1,000 a month elsewhere. At that rate, you'd earn 60,000 points on your TJX purchases and 12,000 points on all other purchases. 

Altogether, you'd have 72,000 points. That would be good for 72 $10 reward certificates, or $720 in savings on future purchases.

Cardholder Experience

Synchrony Bank, which issues both the TJX Rewards Platinum Mastercard and the TJX Rewards card, received a score of 780 out of 1,000 in J.D. Power's 2019 U.S. Credit Card Satisfaction Study. The average rating for national issuers was 806. 

When you're approved for this card, you can manage your account online or through the TJX mobile app. If you need help with your account, customer service is available by phone at 1-877-890-3150.

Security Features

The TJX Rewards Platinum Mastercard features chip security to help protect your financial information. The TJX Rewards card does not. You can monitor your account activity online or through the TJX mobile app.

Fees to Watch out For

The TJX Rewards Platinum Mastercard charges no annual fee or foreign transaction fees. There is a late payment fee of up to $35, which is worth noting in case you occasionally miss your payment due dates. You can take cash advances from this card but they will cost you either $10 or 4% of the advance amount, whichever is greater. 

Aside from the fees, the APR on this card is relatively high, so carrying a balance could be expensive.

Our Verdict

The TJX Rewards Platinum Mastercard is a card to consider if you regularly shop at TJX stores and you also want to earn rewards on purchases made elsewhere. Since there's no annual fee, you don't have to worry about that detracting from the value of your rewards. And the 5% back rewards rate on TJX purchases is higher than you could get with many cash back cards.

On the other hand, this card ties your hands when it comes to redemption since you can only use your rewards at TJX stores. If you'd like to have more choices on how you can use rewards, a traditional cash back card would be a better choice.

Next Steps
For TJX Rewards® Platinum Mastercard®
on Synchrony Bank's Secured Site.
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TJX Rewards® Platinum Mastercard®
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 (%) 26.99% variable
Annual Fee $0
Rewards Earning Rate Earn 5x points back in rewards when you shop the TJX family of stores. Earn 1 point per dollar on all other purchases.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.