Wayfair Credit Card Review

Wayfair credit card is offered by the Wayfair home décor and furniture American e-commerce store which can be used on the stores of the Wayfair and its associates in order to get special discounts. A wide range of discounts, services, coupons, and codes are offered through the Wayfair Credit which is a source of interest for the regular customers of the store. We will offer a full review of the Wayfair credit card later in this article but first all we will look into Wayfair store and the services offered by it in general.

What is the specialty of the Wayfair Store?

Wayfair Credit Card

Wayfair Inc. is an eCommerce store and company which offers products in the range of home furnishing and decoration to the people all over the world. It is an online store where people can place an order and the products get delivered to their doorstep by the delivery agency of the store. The online store also offers more than 1 million products from 10,000 suppliers all over the world which shows that a huge number of products can be purchased from this store. There are around 5 major websites operated by the Wayfair Inc. which are main Wayfair Site, Joss & Main, AllModern, Birch Lane and Dwell Studio. All these websites are the associates of the Wayfair store and the services offered by the main retail store are usually consistent with all these stores. The Wayfair Credit card as we mentioned above is usable in all these stores of the company and it cannot be used anywhere else.

What are some of the general facts and figures about the Wayfair E-commerce Company?

Wayfair Company is the one which famously used to be known as CSN stores from 2002 to 2011. Since 2011, the name of the company has changed to Wayfair Inc. which is also the name with which it knows trades on the New York Stock Exchange. The listing of the company on the New York Stock Exchange is with the Symbol of W which is derived from the name Wayfair.

The company was founded in the year 2002 with the rise of the internet and the online retailing business. The founder of the company was Niraj Shah and Steve Conine. Headquarter of the company is located in Boston but the warehouses and the service stores of the company are located all over the United States, United Kingdom, Canada, Germany, Ireland and some other countries. The e-commerce store has expanded quickly over the course of the last decade and some years and have managed to become a true force in this field.    

Wayfair Inc. is one of the major companies in the revenue generation of the company is around $5 Billion annually. The net income of the company is also in the range of a few hundred million dollars per year. The net assets of the company are also in the range of a few billion dollars. The stores of the company are all over the world and it is also one of the major employers with around 10,000 people working for the company.

The e-commerce business all over the world has been challenged by the rise of the giant Amazon which has managed to eat up a major share. Wayfair has, however, managed to create a niche in this field and become a trusted source of supply in that niche. It has also successfully managed to provide some interesting services such as the Wayfair Credit Card, fast and reliable delivery services, high-quality products and the customer services which have managed to earn the love and the respect of the customers.

Wayfair Credit Card

What is the Wayfair Credit Card?

Wayfair Credit card is the credit card offered by the Wayfair online eCommerce store and company which provides furniture and home décor products to its users in almost all parts of the United States, United Kingdom, Ireland, Germany, and Canada. The credit card of the store which works on the stores of the main Wayfair store and its associates such as Joss & Main, AllModern, Birch Lane and Dwell Studio is a source of interesting discounts for the users. The Wayfair credit cards are powered by the cominetiry bank.

What are the services offered by Wayfair Credit Card?

The services and discounts offered by the Wayfair Credit card are usually of the type of promotions, benefits, rewards and financing offers. The promotions are mostly offered on the new products in the store where discounts are offered in order to get the people interested as well as increase the sales of the products. Benefits are offered where people can get something free of cost when they buy a certain thing. Other benefits such as free delivery and special discounts can also be obtained. Rewards are offered to the people who are the loyal and regular customers of the store. The rewards help the people get cash or price discounts for making a purchase through the Wayfair credit card etc. Some of the interesting bonuses and rewards available at the Wayfair store are as follows:

  1. The store offers a 3% back when the purchase is made at the Wayfair Store.
  2. When you make a purchase for the first time with the value of $250 on the store, you get a discount of around 40%.
  3. Special financing offered for 6, 12 and 18 months are offered which are interest-free.

What are the Sign Up Bonuses for Wayfair Credit Card?

Sign Up bonus is an interesting offer given to the people through which they can get a huge first time discount on purchase for the first time through the credit card.

What are the Rewards offered through the Wayfair Credit Card?

There are various ways through which rewards can be earned at the Wayfair online stores through the Wayfair Credit Cards. A 3% back reward is available when the order is placed through Wayfair Credit card. The rewards points are also available on the purchase of the items of certain value. The rewards points keep on adding and can be used when they are worth something. The reward points are also available when the users invite their friends to the platform.

What are the Financing offers by the Wayfair Credit Card?

Financing offers are one of the major services offered by the Wayfair Credit cards through which people can get the products of the store on an installment or financing plan without having to pay any amount of interest. This helps the people who cannot buy high priced or expensive products get such products by paying just a percentage amount on monthly basis. The payment plan can be for 6 months, 12 months and 18 months depending upon the original price of the product.

How can you get the Wayfair Interest free financing?

In order to get the Wayfair Interest free financing, you need to have the credit card of the Wayfair company. Once you get the credit card, you need to select the product that you want to purchase from the store and when you have to check out through the credit card, select the special financing option. All order above $250 is eligible for the special financing option. However, there are certain rules about the time period of the financing allowed for orders of certain value. Some of the basic rules are as follows:

  1. All orders above the value of $250 are eligible for 6 months special financing which means that all such orders can be paid by the users by paying the amount over the course of 6 months, without having to pay any interest.
  2. All orders above the value of $500 are eligible for 12 months special financing which means that all such orders can be paid by the users by paying the amount over the course of 12 months, without having to pay any interest.
  3. All orders above the value of $1000 are eligible for 18 months special financing which means that all such orders can be paid by the users by paying the amount over the course of 18 months, without having to pay any interest.

What is the deferred Interest and how does it apply to the purchase through Wayfair Credit Cards?

The deferred interest is the interest which applies when the user fails to clear the dues within the required amount of time. This means that if the order was financed for a period of 6 months then the user had to pay the required amount within 6 months. But if due to any reason the user failed to pay the required amount in the required period of time than the deferred interest will apply. The deferred interest is applicable on the whole amount from the start of the purchase in such cases. The value of the deferred interest is calculated at the time such a situation arises.

How to get the free shipping options through the Wayfair Credit Card?

One of the top features which are available for the users of the Wayfair credit card is the free shipping options which are provided when the users choose to make payments through the Wayfair credit card. The free shipping is provided when the value of the order is normally greater than $49. This shows that for every order greater than $49, the users do not have to pay for any shipping services. The products can be delivered to their doorstep, free of cost.

However, at the same time, it should be mentioned that the free shipping services are not provided when the products are returned. No free shipping on returns are available and the users have to pay for the return of the order.   

What are the fees applicable to the Wayfair Credit card use?

The Wayfair credit card is very flexible when it comes to the fees applicable to using the credit card. There is no annual fee involved for using the Wayfair credit card which means that the users can have a credit card but they do not have to pay an annual fee for just keeping the credit card. However, other fees have applied when the user uses the card for purchasing the products on the stores of Wayfair and its associates through the Wayfair credit card. Some of the fees and penalties which are applicable for using the Wayfair credit are as follows:

Interest on paying late: While no fees are applicable for purchasing the stuff through using the Wayfair credit card and no interest is applicable for getting the products on financing through the Wayfair credit card, there is interest fee applicable when the user fails to pay the dues in time. When the user misses the due date, there is an interest value as determined by the store which needs to be paid on the actual value of the product.

Low credit rating on paying late: While no fees are applicable for purchasing the stuff through using the Wayfair credit card and no interest is applicable for getting the products on financing through the Wayfair credit card, there is interest fee applicable when the user fails to pay the dues in time. Similarly, when the user misses the due date, the credit rating of the user also gets a hit which means that the user gets some negative score. The negative score impacts the ability of the person to get rewards or use the card if the score gets too negative.

Returned payment cost interest: When the users return the product that they had purchased from the store of Wayfair and its associated stores using the Wayfair credit card, there is some interest fee which is applicable and the user has to pay. The fee can be adjusted to the price of the product. The interest fee is usually adjusted in the range of $38 and above.

How can you apply for the Wayfair Credit Card?

The credit card of the company can be obtained by applying for the card on the website of the Wayfair company. If you are looking for some awesome rewards and good deals on the online stores of the Wayfair Company, you may be advised to get the card. Below we will explain how you apply for the card of the company and get it in the right nick of the time:

  1. In order to get the Wayfair credit card, you have to visit the website of the Wayfair [www.wayfair.com/creditcard].
  2. When you have reached the site, you will see different offers from the company on this page as well as read a lot of answers to the commonly asked questions. You can read these answers in order to decide whether you should get a card from the company or not.
  3. Similarly, on the same page, you will see a lot of terms and conditions written in points towards the bottom side of the page. You should thoroughly read the terms and conditions and make adjustments if required. If there is a requirement of anything specific then you should get it ready before applying for the Wayfair credit card.
  4. Now, when you are convinced to move forward with applying for the credit card, you will see a blue colored glaring button “Apply Now”. Click on this and it will take you to the next step.
  5. Here you will be asked to enter your email address. Please provide your accurate and most professional email as this will be used against sending you all the information about your credit card.
  6. In the next step, you will have to create an account at the Wayfair. This can be done by giving the Email address and a password.
  7. Once the account has been created, you have to enter the basic information which is required. You will have to enter the billing option having your complete address. You will be asked to enter your personal details and in the last step, you can take a print of the information that you have entered. In this way, you can apply for the credit card of Wayfair.

What is the eligibility criteria for applying for the Wayfair Credit Card?

There are a number of conditions which apply towards applying for the credit card. Some of the conditions which must be fulfilled as stated on the website of Wayfair are as follows:

  1. Be at the age of majority in your state or territory
  2. Have a valid government-issued photo ID
  3. Have a valid government issued tax identification number (such as an SSN or SIN)
  4. Have a street, rural route, or APO/FPO mailing address. We do not accept PO Box mailing addresses

 

How to make payments through the Wayfair credit card?

In the end, when you have got the credit card of Wayfair, you can use it for making a purchase at the store. All you have to do is to choose the Wayfair credit card from the payment options when you are about to check out.

Credit Card Researcher

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Next Post

Ulta Credit Card Review (Guide in 2019)

Mon May 6 , 2019
Share on Facebook Tweet it Share on Google Pin it Share it Email Wayfair credit card is offered by the Wayfair home décor and furniture American e-commerce store which can be used on the stores of the Wayfair and its associates in order to get special discounts. A wide range […]
Ulta Credit Card