Ashley Furniture Credit Card: Credit Score Needed (2024)

FAQs

Ashley Furniture Credit Card: Credit Score Needed? ›

For the Ashley Furniture HomeStore Credit Card you need a credit score of at least 640 (fair credit). While having an adequate credit score is important, that alone won't guarantee your approval. The issuer will also look at your income in relationship to your existing debt when considering you for a new account.

The easiest furniture store credit card to get is the Fingerhut Credit Account because you can potentially have bad credit and still get approved for this card. While Fingerhut isn't only a furniture store, its online-only store has a furniture section, which includes bedroom sets, dining tables, couches, and more.

Synchrony Financial and Ashley HomeStores, Ltd.

You could be eligible for financing even if you have little to no credit history, depending on the retailer. That said, you'll generally want a score of 640 or higher to increase your chances of getting approved and securing the best interest rates.

It depends on the credit card you are interested in. Most credit cards offered by Synchrony Bank are designed for people with fair (640 – 699), good (700 – 749) or excellent (750 – 850) credit. Please find a list of cards offered by Synchrony Bank here: https://wallethub.com/credit-cards/synchrony-13003490i.

Alternatively, you can apply in store. Keep in mind that the Ashley Furniture HomeStore Credit Card requires fair credit, which means you need a 640+ credit score for high approval odds.

Since many people shop at Amazon, the Amazon Prime Secured Card is one of the best store credit cards for people with bad credit.

For the Ashley Furniture HomeStore Credit Card you need a credit score of at least 640 (fair credit). While having an adequate credit score is important, that alone won't guarantee your approval. The issuer will also look at your income in relationship to your existing debt when considering you for a new account.

The Ashley Furniture HomeStore Credit Card minimum payment is the highest of the following: $30. 5% of the statement balance. 1% of the statement balance, plus interest and late payment fees.

Rodney Bennett, WalletHub Analyst

Since the Ashley Furniture HomeStore Credit Card is a store card, it cannot be used outside of Ashley Furniture stores. The card offers no rewards but only requires fair credit for approval.

Is it a good idea to buy furniture on credit? ›

Retail financing can be a great option if you are able to adhere to the terms, but be warned: Interest accrues from the moment you leave the store and can come at a very high rate. If you miss a payment, you could be charged late fees and even have your furniture repossessed.

Some lenders use specialized credit scores, such as a FICO Auto Score. In general, you'll need at least prime credit, meaning a credit score of 661 or up, to get a loan at a good interest rate. If you have poorer credit, you can still get a loan, but you will probably have to pay more for it or else find a co-signer.

For the majority of lending decisions most lenders use your FICO score. Calculated by the data analytics company Fair Isaac Corporation, it's based on data from credit reports about your payment history, credit mix, length of credit history and other criteria.

For instance, Synchrony Bank uses the VantageScore 4.0 scoring model when evaluating credit card applications.

The Target Credit Card requires fair credit or better (640+ credit score) for good approval odds. When you apply for a Target Credit Card, the issuer will also consider your income, employment status, debts, housing information, and more.

Getting approved for a Synchrony Bank account is generally easy—unless you've had a troubled banking history. Getting approved for a Synchrony credit card may not be as hard as other cards.

The Value City Furniture Credit Card requires at least fair credit to be approved. You can check your credit score by signing up for a free WalletHub account. You'll have access to free credit scores and free credit reports, both updated daily.

You need a credit score of 640-700 or higher to get a Wayfair credit card. You can get the Wayfair Store Card with a fair credit score of 640+, while the Wayfair Mastercard Credit Card requires a good credit score of 700+.

The Target Credit Card requires fair credit or better (640+ credit score) for good approval odds. When you apply for a Target Credit Card, the issuer will also consider your income, employment status, debts, housing information, and more.