Last Updated on 09/01/2020 by GS Staff
You cannot use an Ashley credit card anywhere. It is a store credit card designed to finance purchases solely at Ashey Furniture stores or on their website.
Financing Options
The following financing options are available using the Ashley Advantage Credit Card issued by Synchrony Bank based on approved credit:
| No Interest Period | Minimum Purchase Amount Required | Online or In-Store Purchases? | Combined with Discount Offers? | Other Details |
| 6 or 12 months | No minimum | Online or In-Store | Yes (online discounts) | The purchase APR is 29.99%. Interset will be charged from the purchase date if the balance is not paid by the end of the financing period of 6 or 12 months. A minimum payment is due each month even during the no-interest period. |
| 18 months | $999 | Online only | No | The purchase APR is 29.99%. Interset will be charged from the purchase date if the balance is not paid by the end of the financing period of 18 months. A minimum payment is due each month even during the no-interest period. |
| 60 months | $1,499 | Online only | No | The purchase APR is 29.99%. Equal monthly payments are required for 60 months. Payments are determined using the purchase price divided by the number of months in the promo period. |
| 72 months | See store for details | In-Store only | No | The purchase APR is 29.99%. Equal monthly payments required for 72 months. |
| 96 months | See Store. Valid for only mattress purchases | In-Store only | No | The purchase APR is 29.99%.Equal monthly payments required for 96 months. |
Visit https://www.ashleyfurniture.com/financing for up-to-date and full details on the Ashley Advantage credit card.
Annual Fee: There is no annual fee. This allows cardholders to work on paying down their balance instead of dealing with the hassle of burdensome fees.
Final Thoughts
This credit card may be useful for people who can pay off their financing before the no-interest period ends. Based on the information above, the no-interest period is generous and allows Ashley cardholders a nice amount of time to pay off their furniture purchase. However, the APR of 29.9% is simply too high to carry a balance on the credit card beyond the no-interest special financing period.
This certainly is not a credit card you would want to use anywhere, if that were an option, given the high APR and assuming there would be no incentive of no interest for purchases outside of Ashley. There are many better traditional credit cards available that can be used anywhere with much lower APRs, especially for people with good credit. A store credit card, like the Ashley Advantage, has some benefits, but it certainly is not a credit card invented for general use.
Keep in mind that there are some store credit cards that can be used anywhere. An example is the Capital One Walmart Rewards Mastercard.