If you shop at Wayfair often and would like to earn rewards for your purchases, the Wayfair Credit Card is an excellent choice. This credit card offers free interest on purchases (up to a certain amount of time), no annual fee, and benefits like free shipping.
Comenity Bank, the card issuer, has partnerships with hundreds of well-known businesses to provide financing promotions and rewards for each retail partner, in this case, Wayfair. Those with good to exceptional credit (580 to 850) are the target market for this card, and you can even get pre-approved without having your credit checked.
However, this card has a few significant flaws. This card has a very high annual percentage rate (APR), is limited to use at Wayfair controlled brands, and may result in significant fees from deferred interest. We’ll go over all the benefits and drawbacks of this card so you can choose if it’s the best fit for you.
Benefits of Wayfair Credit Card
The Wayfair card may be a useful tool to raise your credit score, get free financing, and get modest rewards if you frequently purchase at Wayfair or its network of businesses.
Here are a few perks that come with the card:
- Quick approval
- Up to 48 months of free financing
- Initial discount offers
- Free shipping
- No annual fee
- Report to all credit bureaus
Drawbacks of Wayfair Credit Card
This card features a number of notable drawbacks, such as:
- Can only be used at Wayfair family brands
- Deferred interest financing
- Limited rewards
Wayfair Credit Card Rates And Fees
- Annual fee: $0
- Interest Rate: 26.99% variable APR
- Late payment fee: up to $40
- Returned Payment Fee: up to $40
Requirements For Wayfair Credit Card
Approval chances for the Wayfair credit card are strong, especially if your credit score is higher than 580. Even though obtaining this card is quite simple, there are still certain minimal conditions that must be fulfilled.
You are to provide:
- Your name
- Address
- Personal contact information
- Date of birth
- Social Security number (unless you use a pre-qualification link)
- Annual income
Application Process for Wayfair Credit Card
All you have to do is visit the Wayfair website to apply for the Wayfair card. In as little as sixty seconds, you may find out if you qualify by providing some personal information.
Another option is to use the “shopping cart trick.” This implies that while you are shopping online, a Comenity Bank credit card offer with an incentive to apply can appear. There won’t be a hard credit inquiry because you are qualified before providing any personal information.
Signing in Your Wayfair Card Account
You can sign into your Comenity Bank account online to access your account. Although there isn’t a mobile app, you can use a mobile device to view the website.You can sign into your Comenity Bank account online to access your account. Although there isn’t a mobile app, you can use a mobile device to view the website.
After creating and logging into your account, you can:
- Make a bill payment.
- Configure your Wayfair card online in the Account Center.
- Get a duplicate of your invoice.
- Respond to inquiries regarding your account
- Respond to inquiries regarding your bill and transactions, including any unique financing activities.
- Update the details of your account.
- Ask to get your credit limit adjusted.
How to Make Payments on Wayfair Credit Card
You have several choices for using your card to make payments. To avoid penalties, all payments must be received before 8 p.m. EST on the day of your due date!
Online
You can log on to your account online to access it.
You can view your monthly invoices, sign up for paperless statements, and pay via an electronic fund transfer or bank transfer from this page. Online payments are accepted seven days a week, twenty-four hours a day.
Regretfully, payments made from banks situated outside of the United States or with debit cards are not accepted.
EasyPay
You can also utilize Comenity’s EasyPay service if you don’t want to log into your account or if you haven’t registered it online.
After requesting a few pieces of personal data, it will grant you just enough access to complete a payment without gaining access to any other account information.
By Phone
To make a phone payment, call the Wayfair card customer service line at 844-271-2567. They are open from 8 a.m. to 9 p.m. EST, Monday through Saturday.
Conclusion
This store card offers some minor benefits if you frequently shop at Wayfair or its network of businesses. If you intend to make a significant purchase, this card appeals to you because of the welcome incentives, no annual fee, and special financing options. Since Comenity provides your credit history to all three credit bureaus, it is also a good way to establish credit.
With its high annual percentage rate (APR), the Wayfair card comes with risky deferred-interest financing choices in addition to a subpar rewards rate on Wayfair purchases. However, this card can be an excellent choice for you if you aren’t eligible for one of the above-mentioned more flexible reward or credit-building cards.