The Lululemon credit card is a store card that gives you rewards on purchases at Lululemon and related brands, but charges interest on balances you carry
The Lululemon credit card is issued by Comenity Bank and works like most retail store cards: you earn rewards on purchases, but you pay interest if you don't pay your full balance each month. The card is designed for frequent Lululemon shoppers, not for building credit history or earning rewards on everyday spending outside the brand.
The card offers a tiered rewards structure where you earn points faster the more you spend in a year. You can use the card at Lululemon stores, on Lululemon.com, and at Lululemon's sister brands (Ivivva and Like New resale). Outside those stores, it functions as a standard Mastercard, but you earn no rewards on non-Lululemon purchases.
Key Takeaways
- The Lululemon card earns rewards only at Lululemon and its sister brands, not at other retailers or restaurants.
- The rewards rate increases based on annual spending: you earn more points per dollar once you hit spending thresholds.
- The card charges interest on unpaid balances at a variable rate that changes with market conditions.
- There is no annual fee, but the interest rate is typically higher than general-purpose credit cards.
- The card is best for people who already spend regularly at Lululemon and can pay their balance in full each month.
How the rewards structure works
The Lululemon card uses a tiered rewards system based on how much you spend in a calendar year. At the base level, you earn one point per dollar spent. Once you reach a spending threshold (typically around $500 to $1,000 annually, though this varies), your earning rate increases to a higher multiplier for the rest of that year.
Points can be redeemed for Lululemon merchandise or account credits. The redemption value varies depending on how many points you have and what you're redeeming for. Unlike some rewards cards that let you convert points to cash or transfer them to travel partners, Lululemon points are locked into the Lululemon ecosystem.
The card also offers occasional bonus point promotions during specific shopping periods or for new cardholders. These are typically advertised in-store or on Lululemon.com at the time of process.
Interest rates and fees
The Lululemon card charges a variable annual percentage rate (APR) on balances you carry from month to month. The exact rate depends on your creditworthiness and current market conditions. Comenity Bank sets the rate when you open the account, and it can change over time.
There is no annual fee to hold the card. However, if you miss a payment or pay late, you will incur late fees and potentially a higher penalty APR. The card also charges standard fees for cash advances and balance transfers, which are rarely worth using on a store card.
The interest rate on store cards is typically higher than rates on general-purpose credit cards from major issuers. If you carry a balance, the rewards you earn will likely be offset by the interest you pay.
When the Lululemon card makes financial sense
The card is worth considering only if you meet two conditions: you already spend a significant amount at Lululemon each year, and you pay your full balance every month. If you spend $2,000 or more annually at Lululemon and never carry a balance, the rewards can add up to meaningful discounts on future purchases.
If you carry a balance, the card becomes a liability. A $1,000 balance at a typical store card APR of 24% will cost you $240 in interest over a year, far more than any rewards you could earn. In that scenario, a general-purpose card with a lower APR and cash-back rewards would be better, even if the cash-back rate is lower.
The card also makes less sense if you shop at Lululemon only occasionally or if you already have a rewards credit card that earns cash back on all purchases. A 2% cash-back card used everywhere will often outperform a store card that earns points only at one retailer.
How to compare this card to other options
If you're deciding whether to open the Lululemon card, compare it against two alternatives: a general-purpose rewards card and straightforward paying with cash or debit.
A cash-back card from a major issuer typically charges no annual fee, offers rewards on all purchases (not just one brand), and has a lower APR if you do carry a balance. The trade-off is that the rewards rate at Lululemon may be lower (usually 1% to 2% cash back versus the tiered points structure of the store card). Over a year, the math depends on your spending level and whether you carry a balance.
Paying with cash or debit avoids interest charges entirely and prevents overspending. You straightforward won't earn rewards, but you also won't pay for them through interest or fees.
What happens if you don't pay your balance
If you carry a balance on the Lululemon card, interest accrues daily on the unpaid amount. Most store cards calculate interest using the average daily balance method, which means every day you carry a balance, you're being charged a fraction of the annual APR.
If you miss a payment, Comenity Bank will report the late payment to the credit bureaus after 30 days. This will lower your credit score and stay on your credit report for seven years. Late payments also trigger late fees (typically $25 to $40) and may increase your APR to a penalty rate.
If your account goes unpaid for 180 days, it may be charged off and sent to a collection agency. At that point, the debt becomes much harder to resolve and will severely damage your credit for years.
How to manage the card responsibly
If you decide to open the Lululemon card, treat it like any other credit card: spend only what you can afford to pay in full each month, and set up automatic payments to avoid missing due dates.
Track your annual spending to understand when you'll hit the rewards tier thresholds. This helps you predict how many points you'll earn and whether the rewards justify the card's existence in your wallet.
Review your statement monthly to catch unauthorized charges or errors. Comenity Bank's customer service can be reached through the number on the back of your card or through the Lululemon website.
Frequently Asked Questions
Can I use the Lululemon card outside of Lululemon stores?
Yes, the card is a Mastercard and works at any merchant that accepts Mastercard. However, you earn no rewards on purchases outside Lululemon and its sister brands (Ivivva and Like New). The card is most valuable when used exclusively at Lululemon.
What is the credit limit on the Lululemon card?
Your credit limit depends on your credit score, income, and credit history. Comenity Bank will determine your limit when you open the account. You can request a limit increase after you've had the card for a few months and made on-time payments.
Do I earn rewards on sale items?
Yes, you earn the same rewards rate on full-price and sale items. This makes the card particularly valuable during Lululemon's seasonal sales, when you can earn points on already-discounted merchandise.
What happens to my points if I close the card?
Points are typically forfeited when you close the account. Before closing the card, redeem any remaining points for merchandise or account credits. Check your cardholder agreement or contact Comenity Bank to confirm the exact policy.
Is the Lululemon card worth it if I only shop there once or twice a year?
Probably not. If you spend less than $500 annually at Lululemon, the rewards you earn will be minimal. A general-purpose cash-back card or straightforward paying with debit will likely be more cost-effective.