Nordstrom Bank offers banking and credit instruments, interest-paying checking accounts with Visa Check cards and certificates of deposit (CDs) at competitive rates.
Nordstrom Bank: Company Profile
Nordstrom Bank is a federally-chartered banking institution, with its headquarters in Scottsdale, Arizona. It is the wholly owned subsidiary of Nordstrom, Inc. The company is an upscale departmental store chain, with branches in 28 states in the US. Nordstrom specializes in fashion wear, such as clothing, shoes, accessories, cosmetics, fragrances and jewelry. The corporate office of Nordstrom, Inc. is in Downtown Seattle, Washington.
The company launched banking services to enhance its customers’ shopping experience at Nordstrom retail centers. With innovative credit products, Nordstrom Bank allows cashless shopping at all in-house stores.
Nordstrom Bank Cards
Nordstrom Bank has five cards with specific benefits to meet the individual needs of its customers. These cards offer competitive APRs with no annual fees. Customers receive rewards points for paying with Nordstrom Bank cards. Every time an individual accumulates 2,000 points, the bank reimburses the points for $20 Nordstrom notes for purchase at in-house stores. Nordstrom Bank cards also earn bonus reward points during special offers through the year. Some of the features of Nordstrom Bank cards include:
Visa Signature Card:
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Earn two rewards points for every net dollar spent at Nordstrom retail stores or online shopping.
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One point per net dollar spent at other stores that accept Visa credit cards.
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Earn alternative travel reward points for shopping with Nordstrom Visa Signature card.
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Exclusive entry to the world’s finest venues and personal concierge services.
Platinum Visa:
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Visa benefits include auto rental collision damage waiver, lost luggage cover, travel accident insurance and emergency assistance services.
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Earn two rewards points for every net dollar spent at Nordstrom retail stores or online shopping and one point at other stores that accept Visa credit cards.
The Visa Check card offers standard rewards points as available with other Visa Nordstrom cards, but excludes additional benefits. Retail and MOD Nordstrom Bank cards are in-house credit cards and are not affiliated with Visa Inc. Thus, they allow purchase at only Nordstrom stores.
With a Nordstrom Bank account, individuals can make online payments for shopping and credit card bills. To maintain a secure transaction environment, the bank places strategic security tools, such as encryption technology and adherence to the Verified by Visa program.