Wayfair Credit Card Review

Wayfair Credit Card Review

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The Wayfair Credit Card, issued by Citibank, gives you a way to earn rewards you can apply to future shopping sessions or get special financing on your favorite Wayfair sites. Like most store credit cards, however, the APR is high and the perks are limited.

Wayfair Credit Card

Overall Rating
Wayfair Credit Card
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
Regular APR (%) 28.49% variable
Annual Fee $0
Rewards Earning Rate Earn 1 point for each $1 of eligible purchases.
Ratings Breakdown
for Interest
for Fees
for Rewards
for Credit
Current Offer

Spend $100 or more and get $25 off your first order when you choose 3% back in rewards.

Who Is This Credit Card Best For?

  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Family Shopper Persona
    Looks for good quality at a fair price while buying for the household See more cards
    Family Shopper
  • Avatar for Homeowner Persona
    Spends time making their house or condo a comfortable, safe place to call home See more cards
  • Avatar for Brand Loyalist Persona
    Frequently shops with a particular merchant and wants to be rewarded for their loyalty See more cards
    Brand Loyalist

Wayfair shoppers who plan to spend a lot on home furnishings and decor in the immediate future could benefit from the Wayfair Credit Card, either to earn rewards or get special financing to help spread out payments.

Typically, store cards are easier to qualify for than regular credit cards, which means this card can be a good starter card if you have a limited credit history and want to build your credit while saving a few bucks on your Wayfair purchases.

When you apply, there are two credit cards that you will be considered for: the Wayfair Credit Card and the Wayfair Mastercard. If you’re approved for both, you will be able to choose the card you want.

  • Decent rewards on Wayfair purchases

  • No physical card

  • Special financing offer can be risky

  • Poor intro offer

  • Rewards can only be redeemed with Wayfair sites

Pros Explained

  • Decent rewards on Wayfair site purchases: Shoppers get 5% back on all qualifying purchases at Wayfair sites. That’s a solid offer that’s in line with other store cards.
  • No physical card: Wayfair Credit Card customers get a digital card, so you don’t have to worry about losing it and the subsequent time it takes to receive a mailed replacement. Wayfair Mastercard customers, however, get a physical card.

Cons Explained

  • Special financing can be risky: Wayfair offers 0% interest on purchases for up to 24 months but if you don’t pay off your balance by the end of the promo period, Wayfair will charge you interest on the entire purchase amount. This type of financing is known as “deferred interest.”
  • Poor welcome offer: You’ll get $40 off your first purchase, but you must spend $150 or more in order to get it. That equates to 27% off a $150 purchase, and that percentage declines for bigger purchases (10% for a $400 purchase, for example). Other retail cards may offer as much as 20%-30% off your first purchase, and often without a spending minimum.
  • Rewards can only be redeemed on Wayfair sites: While not unusual for store cards, you should be aware that you can’t redeem your rewards for cash back

Wayfair Credit Card Bonus for New Cardholders

Wayfair offers new cardholders $40 off their first purchase with the card, but you must spend at least $150 to qualify. It can’t be combined with other discounts, so don’t bother looking for a coupon code for your first purchase.

Earning Points & Rewards

Purchases made on Wayfair websites will earn 5% back in the form of Wayfair Credit Card Reward Dollars. Wayfair’s websites include:

  • Wayfair.com
  • Jossandmain.com
  • Allmodern.com
  • Birchlane.com
  • Perigold.com

If you qualify for the Wayfair Mastercard, it has the same rewards rate on Wayfair purchases, plus you’ll earn 3% at grocery stores, 2% on most online purchases, and 1% on everything else. While you can shop anywhere that Mastercard is accepted, you still can only redeem your rewards on Wayfair purchases. 

You can choose to earn 5% rewards on your purchase or special financing. Special financing terms can range from 0% for six months for purchases over $199 to 0% 24 months for purchases over $2,999. There are also “Major Purchase Plans” that offer up to 60 months at 9.99% APR for orders of $3,000 and up.

Redeeming Rewards

If you earn Wayfair Reward Dollars, you can select and apply them during your next online checkout at a Wayfair site. You can also ask to use your reward if you’re shopping by phone. You cannot redeem your Reward Dollars for cash back or statement credits because the rewards have no cash value.

You’re allowed to redeem up to $2,500 in Wayfair Credit Card Reward Dollars per month, and there’s no minimum amount that you have to use. Rewards never expire.

If you close your credit card or do not keep your account in good standing, you will lose your Wayfair Credit Card Reward Dollars. “Good standing” includes the following criteria plus a few other situations listed in your card’s terms: 

  • Your card is open
  • You aren’t over your credit limit
  • Your bill isn’t 60 days or more past due 

How to Get the Most Out of This Card

If you’re looking to pay off your purchase over time, the special financing offer could be helpful if you have steady income and a monthly budget that allows for the added payments.

Whether you choose to get rewards or put purchases on a payment plan, it’s important to pay off your balance as soon as possible. The card’s high interest rate will generate interest payments that could cost more than the discount you receive and can be particularly costly if you don’t pay off your balance by the end of your promotional financing.

Your best bet is to choose the rewards over the special financing in most cases, unless you are highly disciplined and have a plan to pay off your entire purchase on time. 

Customer Experience

If you have any questions or issues with your account, you can call customer service or request help online 24/7. You can manage your account and make payments online as well as set up automatic payments, which can be especially useful if you’re using the special financing feature.

Security Features 

The Wayfair Credit Card offers standard security features. Since there is no physical card and your digital account can only be used at Wayfair stores online, as long as you keep tabs on your account, you shouldn’t have to worry much about account tampering. Should you spot an error or suspect a fraudulent charge, contact customer service right away.

Wayfair Credit Card’s Fees 

The Wayfair Credit Card has no annual fee, and late and other fees are in line with most cards.

Next Steps
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Compare This Card
See how this card stacks up to the competition
Wayfair Credit Card
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
Regular APR (%) 28.49% variable
Annual Fee $0
Rewards Earning Rate Earn 1 point for each $1 of eligible purchases.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.