Wayfair Financing Options

If you have dozens of items waiting in your Wayfair cart and spend your nights dreaming of decor, we can fully relate. Redecorating your space can do wonders for boosting creativity and reducing anxiety — but if you’re not careful, furnishing your home can also drain your bank account. If you’re short on cash, Wayfair financing can help. You may even be able to avoid paying interest.

Wayfair financing options

Wayfair works with multiple financing partners to give you choices when it’s time to pay.

Depending on your order total, you’ll have the option to pay in four interest-free, biweekly payments with companies like Klarna or Afterpay, which won’t impact your credit score.

For orders of any size, you can also select “Wayfair Financing” to complete a single application for eight different financing partners. While you can’t select which financing partner you work with, Wayfair will match you with the best offers for your needs, and checking your eligibility won’t impact your credit score.

However, accepting a financing offer may trigger a hard credit check, which would ding your credit score temporarily. You may have some or all of the following options for paying for your qualifying order:

• Affirm: With Affirm, you can make fixed monthly payments over one to 48 months, depending on the size of the loan. Depending on your credit, you may pay up to 36.00% APR, and a down payment may be required. There are no fees or prepayment penalties.
• Bread Pay: Bread Pay allows you to pay in fixed installments between 3 and 48 months, with an APR between 0.00% to 29.99%. There are no prepayment penalties.
• Citizens Pay: An open line of credit from Citizens Pay works more like a credit card. You must pay a minimum amount each month, or you’ll incur a late payment fee. Unless you get promotional pricing, the APR is 29.99%, but you can pay off your balance early without penalty.
• Acimacredit: With Acima’s lease-to-own program, you won’t own your items until you’ve made payments over 12 to 18 months amounting to the purchase amount plus a markup — unless you purchase early, which earns you a discount. Leasing means you can return the items in good condition at any time without penalty (they don’t guarantee there won’t be tears when you say goodbye to your Wayfair item, however).
• Fortiva Retail Credit: This program includes an open line of credit and equal payments line of credit, but few details are available about the product.
• Genesis Credit Accounts: This open line of credit has low monthly minimum payments, and you can keep it open as long as you need, but there may be a fee if you pay late. There are no prepayment penalties, however.
• Katapult: This lease-to-own program is similar to Acima’s offering. You don’t need credit to qualify, and you can choose your plan and how quickly you pay. You’ll get a discount with the early purchase option, and you’ll own your items after paying the full purchase price plus a markup. You can also return them without owing anything but the past due payments.
• Progressive Leasing: Similar to other lease-to-own programs, Progressive Leasing offers an early purchase discount, or you can pay over 12 months. Once the agreed-upon cost above the purchase price has been paid, you’ll own your items.

Depending on your credit profile and order amount, some financing options may be more advantageous than others. For more details, visit Wayfair’s financing page or consult the financing partners directly.

Wayfair credit cards

Wayfair offers two credit card options that allow users to take advantage of rewards or deferred-interest financing. With either option, you can enjoy 0% APR on qualifying purchases paid in full within six to 24 months, depending on the purchase price, or you can choose to pay in full and receive 5% back in rewards. You’ll get to decide between the two options with each order. You can prequalify with no effect on your credit.

Neither the Wayfair Mastercard nor the Wayfair Credit Card come with an annual fee, and the purchase APR on both is a variable 31.74%. You’ll also get $40 off your first order of $250 or more, with some exclusions. The difference between the two cards is that the Wayfair Credit Card is a store card that can only be used for Wayfair’s family of retail sites, while the Wayfair Mastercard can be used anywhere Mastercard is accepted. The Wayfair Mastercard also earns 3% at grocery stores, 2% on online purchases and 1% everywhere else.

These details are subject to change, so be sure to check Wayfair’s fine print before committing to a store credit card.

Other ways to pay for Wayfair

While we don’t suggest starting a crowdfunding campaign to pay for your new sofa, there are a few other furniture financing ideas —aside from Wayfair financing — that may be a good fit for your needs.

• Pay upfront: The best option for financing a purchase is to pay in full, since you’ll avoid paying extra. You can use a credit card and pay your balance in full at the end of the month, or you can use any of Wayfair’s other payment methods, such as PayPal, Apple Pay, personal check or wire transfer.
• Personal loan: Let’s say you just moved into a larger space, and it needs some repairs, new furniture and new appliances. A fixed-rate personal loan can cover all of that, and can potentially save you money when compared to other forms of borrowing. Personal loans for excellent credit will have the best rates, however.
• No-interest credit card: If Wayfair’s branded credit card doesn’t appeal, you may also choose to apply for a credit card with a 0% introductory APR offer to avoid paying interest for up to 21 months. This can help you finance non-Wayfair purchases as well. Just make sure you can afford to pay off the balance in full before the introductory period is up.