Review: Arhaus Credit Card

arhaus-credit-card225Arhaus Furniture, in partnership with Comenity Bank, offers a credit card that can lead to Arhaus rewards or special 0% financing. But the promise may be better than the payoff.  Our complete overview / review of the card is below:

The first thing to understand about the Arhaus credit card is that it is only accepted at Arhaus — nowhere else. Is it really worth it to open a new credit line to use at this one furniture chain?

Probably not, unless you are financing a very large purchase — then it could make sense. Here’s why:

Every time you purchase with the Arhaus credit card, you can either earn points (1 point per dollar) or you can choose special 0% financing on orders over $1500. (On purchases over $399 you can actually get 0% financing AND reward points.)

As far as the points program, though, you don’t actually receive any reward that you can use unless you’ve spent at least $1500 at Arhaus (in which case you get a $100 rewards certificate toward a future purchase). And that reward certificate is only good for three months after it’s issued. AND, any points you’ve accrued expire 12 months after they are issued. So, unless you are spending a lot at Arhaus and intend to spend there on a very regular basis, the points program could end being a big zero for you.

Now, about the 0% financing option. You can forgo the reward points on purchases over $1500 and instead pay no interest for 12 months while you pay off your purchase. If your purchase is $3000 or more, you can take 24 months to pay it off. This is a good thing, but you must be careful, because Arhaus does not spell out the details on these 0% offers online, and in many cases retailers offer 0% financing but really ding you if you don’t get every penny paid off in time. In fact, they’ll often charge you every cent of interest you would’ve paid from the date of purchase at the regular interest rate if you fail to completely pay during the terms of the 0% offer. The Arhaus card has a very high 27.24% interest rate, so be sure you understand the terms before you take any 0% offer, and be sure you can pay it off in time.

Overall, we can’t recommend the Arhaus credit card unless you are making a very large purchase and want to get a quick rewards certificate or you want to use the 0% financing option (and will pay it off in time.) Either way, your best bet is to make that decision at the time of purchase — although there is an online card application if you just can’t wait.

See also: 0% Balance Transfer Credit Cards, Instant Approval Credit Cards, Arhaus Credit Card Payment, Login, and Customer Service Information