Wayfair Credit Card
Wayfair Credit Card
on issuer’s secure site
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Our Take
The Wayfair Credit Card is worth getting if you shop at Wayfair often, but most people are better off with a more flexible cash-back rewards card.
Total Rewards
3% cash back
on Wayfair purchases
Bonus Amount
$40 off your first order of $250 or more
Annual Fee
$0
annual fee
Apr
29.24% APR.
Fees
$0 annual fee. Up to $38 late payment fee. Up to $38 returned payment fee.
Summary
The Wayfair Credit Card is worth a look if you buy most of your home decor at Wayfair. You’ll receive 3% back in rewards every time you use your Wayfair Credit Card on Wayfair.com, or with one of its other brands, including Joss & Main, AllModern, Birch Lane and Perigold. Once you’ve earned at least $6 in rewards, you can redem that toward your next purchase.
For purchases of $250 or more, the Wayfair Credit Card lets you choose between 3% back in rewards or special financing. The financing plan will depend on the company’s promotions at the time and the item's price, but you could get up to 36 months to pay your balance. As long as you pay the full balance within that time period, you won’t be charged any interest. Be aware this is a deferred-interest plan, not a 0% interest plan. That means if you can’t pay back the balance in full by the end of the financing period, Wayfair will retroactively charge you all of the interest you would have paid if you'd never had the special financing offer. That can be a big bite.
If you don’t shop at Wayfair often, the Wayfair Credit Card has little appeal. You can’t use it at other stores, and you can’t redeem your rewards for cash back. A cash-back rewards credit card will be better for most people.
Required Credit Score
Excellent/Good 600
Pros
- 3% back on Wayffair purchases
- $40 off your first order of $250 or more
- Redeem once you’ve earned as little as $6 in rewards
- Special financing on items of $250 or more
Cons
- Card only works with Wayfair-managed brands
- Rewards only work with Wayfair-managed brands
- High APR
Earn, Redeem, and Optimize Your Rewards
Other
3 Points
Earn
Use your card every time you shop at Wayfair, Joss & Main, AllModern, Birch Lane or Perigold. Every purchase will earn you 3% back in rewards, which you can put toward future purchases. For purchases over $250, you can also opt into special financing, though doing so will forgo the 3% back.
Redeem
- Gift Cards
Optimize
Choose the 3% back instead of the special financing option to rack up the most rewards. However, if you don't have the cash to pay the full price today for your purchases, go for special financing. Just be forewarned that the card’s 29.24% APR is high, and carrying a balance will negate any rewards points you earned by skipping the financing deal.
Benefits
Rewards and special financing
The Wayfair Credit Card earns you 3% back on every Wayfair purchase, unless you choose special financing.
Pay off large purchases over time
Purchases over $250 are eligible for special financing, letting you pay off expensive items over time.
Sign-up bonus
You'll enjoy a great bonus of $40 off your first order of $250 or more.
Easy-to-redeem rewards
You can redeem your rewards on any Wayfair site once you’ve accumulated $6 in rewards.
Additional Benefits
- Quick, easy application
- Online account management