I must be on some sort of department store kick or something because this is the third post in a row about a retail store credit card. Anyways the JCPenney's credit card isn't as bad as the Sears or Wal-Mart, but that doesn't really make it that good either.
Let me put it this way:
The Good: Receive special discounts and coupons to JCPenney sales and promotions when you use your credit card.
The Bad: No rewards program.
The Ugly: The interest rate is over 20.00%. Any credit card with an annual percentage rate over 18% seems too high to me.
If you really like shopping at JCPenney and want to take advantage of the exclusive coupons and discounts then you might want to consider getting this credit card. If you do get this card though you should not carry a balance. Make sure you only buy as much you can pay off so you don't get caught with the really high interest rate.
More information in my full review at JCPenney Credit Card