Review: Ashley Furniture Credit Card

ashley-homestoreAshley Furniture HomeStore, in partnership with Synchrony Bank, offers a credit card that allows you to finance your furniture payments over time, often at a 0% interest rate, but be careful! Our overview / review of the Ashley Furniture HomeStore credit card is below:

The first thing to know is that each Ashley Furniture HomeStore is independently owned, and not every store accepts the credit card, and in-store offers may vary from what you see online. You may want to contact your local store to be sure financing is available.

The second thing to know is that this card is only accepted for Ashley Furniture HomeStore purchases; it is not accepted anywhere else. We are not fans of credit cards from a single retailer with such limited acceptance — do you really want to open a new credit line just for Ashley Furniture purchases?

Well, you might. And the reason you would is because your local Ashley Furniture HomeStore might offer you low-rate financing, perhaps even no interest financing for some period of time. While these offers sound great, and can be, you should also read the fine print, because very often they are “deferred interest” offers, meaning that if you don’t pay off every cent of your purchase within the 0% promotional period (usually 6 months or 12 months) then you will be charged all of the interest you would have paid from the date you made the purchase, as if the 0% rate offer had never existed!

And the interest rate you’d be paying? 29.99%!!

Not every financing offer works like this, but many, many do, so be sure you completely understand what is being offered.

While you can apply for the Ashley Furniture HomeStore credit card online, there’s no reason to do so. Instead, wait until you are actually making a purchase to see what type of financing is offered to you.