Wayfair Credit Card

1.      Wayfair Credit Card Plan Account is issued by Comenity Bank.

2.      Your Wayfair Credit Card can be used for all Wayfair managed brands: Wayfair, Joss & Main, AllModern, Birch Lane and Prix gold.

3.      First use can be reduced by up to $40. Your $40 discount can only be used when you first purchase a $150 Wayfair credit card. It cannot be combined with any other discounts, including special financing concessions.

4.      Whenever you use your personal Wayfair credit card on one of our retail websites for eligible purchases, you will receive a 3% reward return. You can exchange incentives in increments of $6 on any retail website in Wayfair.

5.      If payment is made in full within 6 or 12 months, there is no interest. If the purchase balance is not paid in full during the promotion period, or if you delay payment, interest will be charged to your account (standard variable APR) from the date of purchase.

6.      As long as your account has a good reputation, you can get net new purchase points in your account. Certain products may be excluded from the integral earnings. You can find the net new purchase points you can get from the terms and conditions of the Wayfair Card Welfare Plan. For every $200 spent, 3% of the refund incentive is awarded $6. For every $200 spent, a double incentive is awarded $12.

Are you renovating your furniture? If you want to fund these expensive purchases without interest, Wayfair Credit Cards are definitely worth seeing. Wayfair Credit Cards provide cash return incentives for cardholders to buy furniture from Wayfair and its partner stores, as well as temporary options for not buying in large quantities. If you do not pay the balance in full at the end of the 0% interest period, you will accumulate all the interest during the promotion period. If you like shopping online, Wayfair Credit Card may be an attractive option. You often shop in Wayfair. By using the Wayfair credit card, you can buy all the goods in Wayfair or its partner stores and get 3% cash back. You can only use this cash for future shopping at one of these stores, so only people who shop in Wayfair can get all the discounts. You need more time to buy large furniture. It's not uncommon to spend thousands of dollars on new apartments or homes to fill all the items you need. Wayfair credit card payment plans allow you to get special financing agreements for large purchases. For purchases over $1,500, if you pay the full balance within that time, you can spend up to 18 months paying them without generating any interest.

The only difference between store credit cards and regular credit cards is that store credit cards are branded and associated with a specific retailer and its rewards program. Store credit cards offer in-store discounts, allow cardholders to earn and redeem points when making purchases.

There are two basic types of retail store credit card:

• Open-loop cards: These cards with a Visa, MasterCard or American Express logo in the bottom-right, can be used anywhere.

• Closed-loop cards: These cards without a Visa, MasterCard or American Express logo only can be used at their co-branded stores, online stores or affiliates.

For example, there are three types of Best buy credit cards, My Best Buy Credit Card, My Best Buy Visa Platinum Credit Card and My Best Buy Visa Card. My Best Buy Credit Card is a closed-loop card, so you can only use it at Best Buy. My Best Buy Visa Platinum Credit Card and My Best Buy Visa Card are open-loop cards, you can use them anywhere that Visa is accepted.

Easy to get and can help you to build credit

Because of store credit cards’ high interest rates and low credit limits, they are easy to get with fair or poor credit. If you can use it responsibly, this is an opportunity to build up your score.

A reasonable annual fee

Many great store rewards cards don’t have an annual fee.

Save money at your favorite stores

Store rewards cards have different rewards programs which are great ways to save money, especially you are a frequent customer of that shop. For example, My Best Buy Credit Card offers as much as 5% cash back.

Additional sign-up bonuses and benefits

Many store reward cards attract new customers with a sign-up bonus. What’s more, some store reward cards offer extra benefits, such as discounts, free shipping, a birthday gift and extended return policies.

Open-loop cards can be used anywhere as normal credit cards.

Low credit limits

This means that you have the risk of going over your credit limits.

High interest rates

Most store credit cards’ interest rates are higher than the industry average (17%).

Closed-loop cards are limited to single store

Many store credit cards can only be used at their store or online shop. But some store credit cards can be used anywhere like normal credit cards, such as Amazon Prime Rewards Visa Signature Credit Card.

Customer service problems

Some store credit cards are not issued by major cards issuers, so the quality of customer service is difficult to guarantee.

Some store credit cards can’t be used for balance transfers

Credit score

Banks approve much lower credit scores for store cards. Therefore, applying a store card is an ideal way for someone with a fair or poor credit score to rebuild his or her credit.

Credit card application

You can apply for a store credit card online, in-store or by email depending on the card. And you just need to fill in your personal information and submit your application. The credit card issuer will consider your credit reports and several different factors when reviewing your application to get an idea of your creditworthiness.