5 Things to Know About the Crate & Barrel Credit Card

Home furnishings retailer Crate & Barrel is known for its modern aesthetic, but its co-branded credit card — issued by First Bank & Trust and powered by the financial technology Imprint — could use a little sprucing up.

It does feature rich rewards rates that could be attractive to uber-loyalists who find themselves in the store on a monthly basis. But the lack of redemption flexibility will be a big roadblock for others, who would likely be better off with a general-purpose rewards credit card.

For instance, the products on our list of the best credit cards for home improvement have great rewards rates, generous welcome offers, and lengthy 0% intro APR periods — and some of the cards offer all three. You'll also face fewer restrictions when it comes to redeeming those rewards.

Here are five things to know about the Crate & Barrel credit card.

» MORE: NerdWallet's best store credit cards

1. There are two Crate & Barrel cards

Four brands exist under the Crate & Barrel umbrella. Two of them have their own co-branded credit card. Prospective cardholders may apply for the Crate & Barrel Visa Signature credit card or the CB2 Visa Signature card. (You aren’t allowed to hold both.)

Both cards have a $0 annual fee and have the same rewards structure:

• 10% back in Reward Dollars at Crate & Barrel, CB2, Crate & Kids and Hudson Grace.

• 4% back in Reward Dollars at other home retailers and grocery stores.

• 4% back in Reward Dollars at apparel retailers through March 31, 2026.

• 1% back in Reward Dollars on all other purchases.

Other perks include the same welcome offer, which is a fairly modest $50 Reward Dollars after spending $1,000 outside of Crate & Barrel’s four brands within the first 90 days of account opening. Crate & Barrel cardholders may also get $100 Reward Dollars after spending at least $10,000 on the card during an anniversary year.

2. Reward redemption is severely limited

Reward rates of 10% and above are uncommon in cards with no annual fee — but in the case of the Crate & Barrel card, it's less appealing when you consider the restrictions on reward redemption. The list is long:

• Reward Dollars are automatically converted into certificates in $20 increments. On the plus side, there's nothing for you to "do" to get those certificates — but on the minus side, you'll have to wait until you've hit the $20 minimum threshold, and you won't be able to save up your Reward Dollars toward certificates of different amounts.

• Certificates expire 90 days after the issue date.

• Certificates can’t be redeemed at Hudson Grace stores. 

• Certificates must be used in full in a single transaction. 

Many general cash-back cards earn rewards that don’t expire and can be redeemed in a variety of ways, including for statement credits, gifts cards or travel.

3. Earn rewards, or finance a purchase — but you can’t do both

As noted earlier, both Crate & Barrel cards earn 10% back on purchases made at any one of the four Crate & Barrel brands. But that rewards rate comes with a big catch: The card won’t allow you to receive rewards on a purchase that is also being financed. If an order qualifies for 10% back and special financing, you must choose one or the other.

More on financing a purchase with a Crate & Barrel card in the next section.

4. There are three special financing options

The special financing options offered by the Crate & Barrel cards come in three different term lengths:

• 6 months special financing on purchases of $749 or more. 

• 12 months special financing on purchases of $1,499–$2,998.99.

• 24 months special financing on purchases of $2,999 or more.

In theory, special financing, also known as deferred interest, seems like a great deal. And it can be — as long as you pay off the entire balance before the term ends. However, if you don’t pay it off in full by the end of the financing period, you’ll owe all of the interest that has accrued since the purchase date.

Credit cards with true 0% intro APRs are much more forgiving because they won’t charge back interest if any part of the balance remains when the APR period expires. For example, the Bank of America® Customized Cash Rewards credit card offers a 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 17.99%-27.99% will apply. The card also can earn 3% back on home improvement and furnishings on up to $2,500 of combined quarterly spending between that category and grocery stores and wholesale clubs. (Cardholders must select home improvement and furnishings as their 3% bonus category, although there are other category options.)

5. The interest rate is high

As of October 2025, the interest rate, or purchase APR, for both Crate & Barrel cards can range as high as nearly 34%. While high interest rates are typical of store cards, that’s not necessarily the norm for all credit cards. According to the Federal Reserve, the average interest rate for interest-accruing credit cards was 22.25% as of May 2025.