Rue 21 Credit Card Apply (2024)

FAQs

Is Rue 21 credit card closing? ›

rue21 filed for bankruptcy May 2, 2024. Because of this, we are no longer accepting new applications for the rue21 Rewards Credit Card program. Existing cardmembers will receive additional information about what this change means for your account. Have questions?

Note: Your rue21 REWARDS Credit Card account is issued by Comenity Capital Bank.

You may use your Account to make purchases anywhere the Card is accepted. If your Card has the logo of one of our network providers (e.g., American Express, Visa and Mastercard), you may use your Account to make Cash Advances.

You really only need one credit card to start accumulating credit, but the more you have and the more responsibly you use them, the more opportunities you have to earn points and gradually increase your credit line.

Additionally, the interim CEO Michele Pascoe stated in these filings that the retailer never recovered from “challenges stemming from the COVID-19 pandemic.” According to CNN, Rue21, which previously filed for bankruptcy in 2003 and 2017, currently employs around 4,900 people and carries a debt of nearly $200 million.

Your Comenity Bank credit card could have been closed for various reasons, including the following: Inactivity. Your account was in default. Missed payments.

You should have good odds of approval for a Comenity credit card if you have a 640+ credit score and consistent income. You will also need to be at least 18 years old and have a Social Security number as well as a physical U.S. address.

You need a credit score of 640 or higher to get a Comenity Bank credit card in most cases. That means you need at least fair credit to get approved. However, there are some Comenity credit cards that require a credit score of 700 or better (good credit).

Chip Lupo, Credit Card Writer

Yes, Comenity Bank does a hard inquiry on your credit report whenever you apply for one of its credit cards.

What happens if a store closes and you have a credit card? ›

Your retail credit card's issuer may offer different options to you once the store closes. As mentioned, you may be able to continue using your card if the retailer has sister stores that will remain open Alternatively, you may be issued a product change to another one of the issuer's credit cards.

A longtime favorite in teen mall fashion, Rue21 is saying goodbye as it closes all its stores. After filing for Chapter 11 bankruptcy for the third time, the retailer is set to shut down over 540 stores across the U.S. within the next four to six weeks, according to court filings.

So, while there is no absolute number that is considered too many, it's best to only apply for and carry the cards that you need and can justify using based on your credit score, ability to pay balances, and rewards aspirations.

What is an instant approval credit card? With an instant approval credit card, you can typically receive a response to your application within minutes. But whether you're approved or denied will depend on various requirements set by the issuer, including income, credit score and housing payments.

Credit experts advise against closing credit cards, even when you're not using them, for good reason. “Canceling a credit card has the potential to reduce your score, not increase it,” says Beverly Harzog, credit card expert and consumer finance analyst for U.S. News & World Report.

Credit card issuers can close your account due to what's known as "inactivity," meaning you haven't used the card in a certain amount of time — let's say a year or more — and the issuer now assumes you have no use for that account. A canceled credit card may lower a good credit score for several reasons.

The Pittsburgh-based company filed for bankruptcy Thursday for the third time in its existence, signaling the end of nearly 50 years in business for the retailer, which had 1,200 locations at its peak just a few years ago.

Your credit card closing date is the last day of your billing cycle. Your credit card statement generates at the end of your closing date, and the due date is at least 21 days later. If you don't pay your credit card's minimum payment between the closing date and the due date, you may incur a late fee.