Wayfair Credit Card Review

Image Credit: Scott Lewis: CC via flickr

The Wayfair credit card is a store credit card that can be used at Wayfair owned stores. These stores include Wayfair, Joss & Main, DwellStudio, Birch Lane, and AllModern. As with most store credit cards, this credit card offers some rewards/benefits for using the card, but also features a very high annual percentage rate (APR). Let’s take a look at the details of this credit card in the below Wayfair credit card review.

APR & Fees

Below are the current fees and APR associated with the Wayfair credit card. The APR is not the highest we have seen. For example, the Zales credit card comes with a 29.99% APR.  However, the Wayfair credit card still has an extremely high APR in comparison to many other credit cards. The no annual fee and the late payment/return payment fees are pretty standard for a retail credit card.

Wayfair Credit CardAPR & Fees
Annual Percentage Rate (APR)27.99%. Varies based on prime rate.
Balance Transfer APRN/A
Grace PeriodAt least 25 days after the close of each billing cycle.
Balance Transfer FeeN/A
Late Payment FeeUp to $38
Returned Payment FeeUp to $38
Annual FeeNone

The Perks

  • $40 off your first order greater than $249. You cannot use special financing or other discounts with this offer.
  • 3% back in rewards on eligible purchases. Your rewards can be used for future purchases. You cannot combined your rewards with a special financing offer and you cannot gain rewards when using special financing.
  • Special financing of $0 down and 6 or 12 month financing for eligible purchases. You must make timely monthly payments (at least the minimum required payment) and pay the purchase balance in full within the offered financing period. If you fail to do so, you will pay interest from the purchase date at the standard APR. A minimum charge amount may be required to qualify for the special financing.

Should You Get This Credit Card?

As you can probably tell from the above review, we would only recommend getting this card if you can avoid paying interest. The APR is too high for most people to consider carrying a balance for any length of time. There are some decent perks associated with this credit card, but any benefit provided by these benefits can easily be wiped out if you are charged interest. You may be better off using a standard credit with a lower APR if you think you need to carry a balance.

Please review the credit issuer’s terms and condition in full before applying for this credit card. APR, fees, pricing, terms, and card benefits can change at any time.