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Ashley Furniture Advantage Credit Card Review

Ashley Furniture Advantage Credit Card Review

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

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

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 RequiredFine PrintCombine With Discount Offers?
No interest if paid in full within 6 or 12 monthsBothNoYou 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 .Yes
No interest if paid in full within 18 monthsIn-store onlyNoYou 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 .Yes
No interest if paid in full within 36 monthsBothNoYou’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 monthsIn-store onlyYes**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 , 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  , 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% Intro APR for 18 billing cycles for purchases. After, a 12.99% - 22.99% Variable APR applies.

Sign-up bonus: $100 statement credit online bonus after making at least $1,000 in purchases in the first 90 days of account opening..

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

This offer and/or promotion may have since changed, expired, or is no longer available.

  • Enjoy $0 plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 15 months after account opening. Plans created after that will have a plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.

  • 3% 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% back on other purchases.

Highlights
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • Buy Now, Pay Later: Enjoy $0 plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 15 months after account opening. Plans created after that will have a plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • 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.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees

See additional details for Blue Cash Everyday® Card from American Express

More Info

Intro APR on purchases: The Blue Cash Everyday® Card from American Express offers an intro 0% on purchases for 15 months. After, a 13.99%-23.99% variable APR applies.

Welcome offer: $200 back after you spend $2,000 in purchases on your new Card within the first 6 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. Terms apply. Cash back is redeemed as statement credits.

To see rates & fees for Blue Cash Everyday® Card from American Express please click here.

Capital One Quicksilver Cash Rewards Credit Card

  • Unlimited 1.5% Cash Back on every purchase, every day

  • 0% intro on purchases for 15 months, then 14.99% - 24.99% (Variable)

  • No minimums for redeeming and cash back won't expire for the life of the account

Highlights
  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 14.99%-24.99% variable APR after that
  • $0 annual fee and no foreign transaction fees

See additional details for Capital One Quicksilver Cash Rewards Credit Card

More Info

Intro APR on purchases: The Capital One Quicksilver Cash Rewards Credit Card offers 0% intro on purchases for 15 months. After, a 14.99% - 24.99% (variable) APR applies.

Sign-up bonus: Earn a one-time $200 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.


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