Bread Financial reviews

4.2

82% would recommend to a friend

(1,712 total reviews)
avatar

Ralph Andretta

91% approve of CEO

81% positive business outlook

Bread Financial has an employee rating of 4.2 out of 5 stars, based on 1,712 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Bread Financial employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

2K reviews
2.0
Jan 18, 2023
Recommend
CEO approval
Business Outlook

Pros

I initially took the job due to the ability to work from home. The pays better than a lot of places in town and so are the benefits.

Cons

Severely lacking in structure and functionality. The way they want things to operate vs how they actually operate are vastly different. You're not provided with all the tools to do your job to their standard, and when there's a system or IT issue you rarely get it resolved. There is a huge miscommunication issue between management and staff, and a lot of the time they omit important information. Getting sick is a challenge, they offer a limited amount of PSL but if you have to leave or take the day off without PSL you incur attendance points. You're ranked based off your calls and productivity, so when the phone lines are mixed up and calls come through that you shouldn't receive you have to transfer which negatively impacts your rating. Seems to be set up to reward those who disregard the customer's needs and hurts those who do our best to assist customera.

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Bread Financial Response
3y
We're sorry to read that you've had a less-than-ideal experience joining our company. Glad that you love working from home and that you feel like the compensation and benefits are a strong incentive! We know no one loves to get sick and totally understand that it can throw your routine into chaos. We provide generous Paid Sick Leave Plus (PSL+) to ensure our non-exempt associates have the paid time off to get healthy and take care of themselves! We encourage you to provide feedback on your experience with your supervisor. If you have unresolved issues, we encourage you to reach out to People Center (HR) for support.
2.0
Sep 29, 2022
Recommend
CEO approval
Business Outlook

Pros

they will work you so hard that you will develop many skills the job can be entertaining and has lots of different areas to build knowledge the roles are mostly fully remote you will occasionally run into a leader that cares PTO/Healthcare/401k and other benefits are decently competitive

Cons

the pay is bad and is definitely lagging behind the big banks and real tech companies. they are incredibly shady, I have so many stories to tell. there is little room for advancement because supervisors actively compete with their own employees. Read the reviews, people do not like their managers here. It's because they undercut you, make you feel worthless, belittle you, etc. Leaders try to make an example out of you if you make a single move they did not authorize even if you did it in the interest of the business. there is very little diversity in their leadership. Most supervisors from the call center up through corporate are non-diverse. They talk a big game but it's entirely talking. Show me where its actually reflected through representation.

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Bread Financial Response
3y
We appreciate your feedback. Our goal is to be competitive in pay and benefits across all of the various markets in which we do business. We review our pay practices regularly in order to ensure we achieve that goal, and we are constantly evaluating new programs and practices that will enhance our ability to continue hiring and retaining the best people. Effective leadership is essential to our success as a business, we value our associates as we continue to grow and evolve. We take your concerns sincerely and will pass it along to the appropriate team.
3.0
Jun 24, 2021

Avoid

Recommend
CEO approval
Business Outlook

Pros

Make your own schedule from Sunday to Saturday. In this position, you can log into the system and change your schedule the day/night before. Generous pay with decent bonuses. Nice amount of PTO. Ok insurance plan, pretty affordable and start within a week or two of you starting. 401k match (I believe it was 5% match). Immediately vested. Lots of professional development, and learning opportunities. Understanding supervisors who understood stuff happens and authorized time off in other jobs that wouldn't. Some of the bosses (team leads, supervisors, and managers) really want to listen and improve themselves to be better bosses. Lots of games/contests to win prizes (gift cards & cash). Holiday dinners (during the lunch time) free. Yearly holiday bonus. Can work remotely with nearly all of their positions.

Cons

Their computer systems are always going down. Their main systems were developed in house, I believe, and they keep those systems when other systems might be better. Customers make it stressful as they yell and are very demanding. Imagine having an argument for your whole shift as for many customers go to war to talk with us. Company does not care about the customers. All they care about is money (more on that later!) Some of the team leads, supervisors, and managers do NOT care what goes on which violate laws and/or their own policy and procedures. (more on that later!) They claim "family" environment, but it's just another job. You don't fire grandma, and they shouldn't either. They claim "an open door policy" but it isn't. Many individuals in power go behind your back and tell whatever you said to the person you were reporting. Or, they will ignore or take no action when they should. In the last three years they've been through 3 (yes, you read that right! THREE!) CEOs. Obviously, they DO NOT care about the employees as they claim (remember they said we're family, right?) nor do they care about the customers! They fire departments the day of without notice. Yes, they may have gotten a severance package, but remember they're family and have an open door policy. Why are you firing grandma, mom, brother and sister? (Obviously, I'm being factious here to a point, BUT you see they don't "do as they say" or what they publish.) They've had many lay offs recently to my knowledge, two in 2019, two in 2020 and one in 2021. They hire foreign people instead of local people to save money. Remember how former President Trump said to keep jobs here? Well, Alliance Data Systems did not care. They fired multiple departments. But, hey, we're family and have an open door policy (NOT!). Now more about my job - they do not care about the customers. They want them to pay all the fees. They LEGIT wanted us to waive only $5 of a $30/$40 late fee to help the customer out. I've never in my life had a creditor only offer a partial refund of a late fee. Also, we have to obtain many numbers so we have to get the customers to pay so many coworkers cheat to get them. Yes, you guessed it, the higher up positions simply do not care if you cheat as they do nothing if the person gets reported. In the end, you'll likely end up hating your life as you don't like the people you interact with: the customers and your coworkers. I now suffer from PTSD and very bad anxiety. Do not listen to all the fluff they say. Do what's best for you if you decide to work here. They see you just as a number. As you should see them, just as another employer who you do your job well and clock out. Don't let them make you feel bad if you can't participate in over time or their charities - they do do that, too, make you feel bad because YOU don't (or can't) work OT or donate to the charities they're sponsoring. In the end, I wouldn't recommend them but if you do decide to work there, please research them as I am not lying about anything I said.

Viewing 64 - 66 of 1,712 Reviews

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