As of July 2015, JCPenney offers three different credit cards, none of which are MasterCard branded, according to Synchrony Bank. Cardholders earn one point for each dollar they spend at JCPenney, which can be redeemed for rewards at a rate of $10 per 100 points.
Cardholders also receive access to special savings events, bonus point promotions and special financing options on select products, including furniture, custom interior decorating, mattresses, jewelry and watches, according to Synchrony Bank. Gold and Platinum cardholders receive special birthday gifts, passbooks offering exclusive deals and special coupons. Additionally, Platinum cardholders receive access to exclusive free shipping events. To upgrade to Gold or Platinum status, cardholders must spend $500 or $1,000, respectively, during special shopping events.