The best furniture credit card is the Synchrony HOME Credit Card because it offers 2% cash back on purchases under $299, 0% promotional financing on larger purchases, and acceptance at over 1 million furniture and home stores nationwide. That means shoppers aren’t limited to one furniture store or type of merchandise with this credit line, which is an issue with most furniture store cards. The Synchrony HOME Card also stands out among furniture store credit cards simply by offering rewards, even though its 2% cash back is limited to purchases under $299. Purchases of $299 or more do not earn cash back.
Like most other furniture store cards, however, Synchrony HOME has deferred interest financing options for large purchases. You can get deferred interest for 6 months on purchases over $299 at all of the stores in its network, including Mattress Firm, Conn’s Home Plus, CarpetOne, and many others. At certain stores within the network, Synchrony HOME offers longer deferred interest periods, for up to 60 months.
It’s good to keep in mind that deferred interest doesn’t necessarily mean the interest goes away for good. If you don’t pay off the balance within the promotional period, you owe all the interest that would have accrued from the purchase date had there been no promo rate to begin with. So, going for a deferred interest option can help with a big purchase as long as you pay it off in time, but it’s dangerous.
Synchrony sends pre-approved credit offers to people with at least fair credit. Shoppers with good or higher credit have even better options – cards that come with better rewards and true 0% APR periods. With a true 0% APR, you only owe interest on any balance remaining after the into period, not the original purchase amount. For instance, Capital One’s Quicksilver Credit Card comes with a true 0% APR period of 15 months, a $200 signup bonus, and 1.5% cash back on all purchases. Plus, you can use the Quicksilver Card anywhere, not just furniture stores.
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