Ashley Furniture Advantage Credit Card Review
This article was last updated Mar 23, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.
Buying new furniture can be expensive. If you’re looking at making a big furniture purchase, you might find yourself looking at options like the Ashley Advantage™ Credit Card, a store card issued by Synchrony Bank that can be used to finance Ashley Furniture HomeStore purchases.
We’ll walk you through how financing works with this card, as well as other options such as credit cards with introductory 0% APRs and personal loans.
- Ashley Advantage™ Credit Card pros
- Ashley Advantage™ Credit Card cons
- Alternatives to the Ashley Advantage™ Credit Card
- Is the Ashley Advantage™ Credit Card right for you?
Ashley Advantage™ Credit Card pros
Special financing offers on Ashley Furniture HomeStore purchases. This card offers several special financing offers with varying lengths of time to repay what you finance:
| Financing Offer* | Online Or In-Store? | Minimum Purchase Required | Fine Print | Combine With Discount Offers? |
|---|---|---|---|---|
| No interest if paid in full within 6 or 12 months | Both | No | You need to make at least minimum monthly payments during the 6- or 12-month financing term. Beware that minimum monthly payments may or may not pay off the purchase in full within the financing period. If your purchase isn’t paid off in full when the financing period ends, you’ll incur interest from the date of purchase at an APR of 29.99%. | Yes |
| No interest if paid in full within 18 months | In-store only | No | You need to make at least minimum monthly payments during the 18-month financing term. Beware that minimum monthly payments may or may not pay off the purchase in full within the financing period. If your purchase isn’t paid off in full when the financing period ends, you’ll incur interest from the date of purchase at an APR of 29.99%. | Yes |
| No interest if paid in full within 36 months | Both | No | You’re required to make equal monthly payments for 36 months. The equal monthly payment will be the purchase amount divided by the number of months in your financing plan, rounded to the next highest whole dollar amount. | Yes |
| No interest if paid in full within 48, 60, or 72 months | In-store only | Yes** | ou’re required to make equal monthly payments for 48, 60, or 72 months. The equal monthly payment will be the purchase amount divided by the number of months in your financing plan, rounded to the next highest whole dollar amount. | No |
Offers current as of the date of publication. Check ashleyfurniture.com to verify offers are available before applying.
**See store for minimum purchase details.
Might be easier to qualify for than a regular credit card. This is a store card, and store cards tend to be more accepting than general use credit cards when it comes to applicants with less-than-stellar credit scores.
No annual fee. The Ashley Advantage™ Credit Card’s annual fee is $0, so you don’t have to worry about being charged just to have the card.
Ashley Advantage™ Credit Card cons
Deferred interest. Some of the financing offers on the Ashley Advantage™ Credit Card involve what’s called deferred interest. This means you pay no interest if you pay off your entire purchase within the promotional period, but if you fail to do that, you’ll be hit with interest from the purchase date.
High APR. This card’s annual percentage rate (APR) is 29.99%, which is extremely high. If you’re on a deferred interest financing plan and fail to pay off your entire balance within the promotional period, you’ll be hit with interest from the date you made the purchase — and at 29.99%, that’s likely to be expensive.
Can’t be used elsewhere. This is a store card, meaning you can only use it to shop at Ashley Furniture HomeStore and ashleyfurniture.com.
Alternatives to the Ashley Advantage™ Credit Card
Apply for a card offering an intro 0% APR offer on purchases
If your credit score is good, very good or excellent, applying for a credit card that offers an intro 0% APR on purchases might be a better option than financing your purchase on the Ashley Advantage™ Credit Card. For one thing, when an intro 0% APR period ends, you only pay interest on whatever balance you have left — you aren’t hit with retroactive interest charges from the date of purchase.
For another, if the card you apply for offers a sign-up bonus, that bonus can help offset the cost of your purchase and help you meet the minimum spending requirement to earn that bonus.
Below are some of the top cards offering intro 0% APR, compiled from our research of cards available on CompareCards, as well as through top issuers:
BankAmericard® credit card
Intro APR on purchases: The BankAmericard® credit card offers a 0% Introductory APR on purchases for 18 billing cycles. After, a 14.49% - 24.49% Variable APR applies.
Sign-up bonus: No bonus.
Additional card details: This card has no penalty APR, which means being late on a payment won’t automatically raise your interest rate. Note that you should always pay on time: late payments can cause you to lose your intro APR, and will also damage your credit score.
Blue Cash Everyday® Card from American Express
Intro APR on purchases: The Blue Cash Everyday® Card from American Express offers an intro 0% on purchases for 15 months. After, a 12.99%-23.99% variable APR applies.
Sign-up bonus: Earn a $150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
Additional card details: Cardholders can earn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases.
Capital One® Quicksilver® Cash Rewards Credit Card
Intro APR on purchases: The Capital One® Quicksilver® Cash Rewards Credit Card offers 0% intro on purchases for 15 months. After, a 15.49% - 25.49% (variable) APR applies.
Sign-up bonus: Earn a one-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening.
Additional card details: Cardholders can earn 1.5% cash back on every purchase, every day.
Apply for a personal loan
A personal loan lets you borrow a fixed amount of money for a fixed period at a fixed interest rate. Depending on your credit score and income, it’s possible you might qualify for a personal loan at a lower APR than what you’d get with the Ashley Advantage™ Credit Card.
Plus, personal loans can be a good option if your credit score isn’t high enough to qualify for a good credit card with an intro 0% APR offer. You can compare personal loan offers from numerous issuers for free at LendingTree. This comparison tool is customized to your needs, and you could receive offers from up to five lenders in just a few minutes.
Is the Ashley Advantage™ Credit Card right for you?
If you need to make a big furniture purchase and want to spread the payments out over time, as well as stick to a plan to pay off your purchase within a promotional financing period, the Ashley Advantage™ Credit Card might be the right choice. However, be aware that some of the financing options involve deferred interest, making it crucial that you pay off your entire purchase before the financing period comes to an end.
For consumers with good credit scores, a better option might be a card offering a 0% intro APR on purchases. These cards don’t charge deferred interest if you’re carrying a balance when the intro APR ends, and some offer a sign-up bonus, which could offset some of that purchase cost.
