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Restoration Hardware Credit Card Review

Restoration Hardware Credit Card Review

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and 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 Nov 30, 2018, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

Restoration Hardware is a luxury brand in the home furnishings market, offering everything from general indoor and outdoor furnishings and décor, to luxury baby and teen items. The company specializes in historical design collections, including authentic reproductions and updated classics, and also operates galleries and outlets throughout the country. Most of the items you’ll find at Restoration Hardware come at a high price, but they do offer numerous special financing offers through the RH Members Program and its store card, the RH Credit Card.

The RH Credit Card is similar to a regular credit card by providing cardholders a revolving line of credit for new purchases with no minimum purchase amount. However, since it’s a store card, the RH Credit Card can only be used at Restoration Hardware stores, on their website and at Restoration Hardware Outlets. If you’re looking for a Restoration Hardware specific card, that shouldn’t be much of an issue. Keep in mind that like a general-purpose credit card, you will incur an APR, currently 26.99% variable, on unpaid balances that aren’t part of a special financing offer.

Looking at the special financing offers, you’re able to take advantage of those provided by the RH Members Program or the RH Credit Card. Beware that the RH Members Program has a $100 annual fee, and you may not want to pay that amount just to use a financing offer. Though, the program does offer some noteworthy perks, like 25% savings on all full-priced items, 20% savings on all sale items, early access to clearance events and more that can add up to big discounts. That’s where the RH Credit Card may come in handy. However, don’t get too excited about the financing deals — you can do better with other credit cards.

In this review, we’ll go over the financing offers available to RH program members and RH Credit Card cardholders and provide alternative options for your home furnishing purchases.

Special financing offers*

As mentioned earlier, you can take advantage of special financing offers through the RH Members Program — no RH Credit Card needed.

Here are the RH Members offers:

  • No interest if paid in full within 9 months (U.S. Outlet in-store purchases only)
  • No interest if paid in full within 12 months
  • 99% APR if paid in full in 24 months
  • 99% APR if paid in full in 36 months
  • 99% APR if paid in full in 48 months
  • 99% APR if paid in full in 60 months

These offers are better than those provided by the RH Credit Card since they have lower APRs, but you may not want to deal with the $100 annual fee. In that case, check out the financing offers available to RH Credit Card holders:

  • No interest if paid in full within 9 months (U.S. Outlet in-store purchases only)
  • 99% APR if paid in full in 12 months
  • 99% APR if paid in full in 24 months
  • 99% APR if paid in full in 36 months
  • 99% APR if paid in full in 48 months
  • 99% APR if paid in full in 60 months

For all special financing offers, there’s a minimum $1,000 purchase required. The nice thing about RH financing deals is that there are no deferred interest terms. So, if you are unable to pay off your balance within the special financing period, you won’t be assessed retroactive interest charges. Most store cards typically charge deferred interest if the balance is not paid after the promotional period expires, which can be an unpleasant surprise, but thankfully, the RH Credit Card does not. However, know that any balances that linger will incur the current APR of 26.99% variable — which is quite high. As a result, we strongly encourage you to pay off any balance in full before the special financing period ends.

Alternatives

Home furnishings aren’t cheap, and if you’re looking for a cost-effective way to finance your purchases, choosing the right credit card can help you spread out payments to fit within your budget. Below, we recommend various types of credit cards to consider before you hit the furniture stores.

Cashback card

A cashback card allows you to earn rewards that are redeemable for statement credit — a great way to lower the cost of your bill. Our top pick for a cashback card is the Citi® Double Cash Card – 18 month BT offer which allows you to earn 2% cash back on purchases: 1% when you buy plus 1% as you pay. This is one of the highest rewards rates of any flat-rate card, and you can apply the cash back you earn against your balance.

  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay

  • 0% for 18 months on Balance Transfers*

  • 15.49% - 25.49%* (Variable)

Highlights
  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.49% - 25.49% based on your creditworthiness*
  • No categories to track, no caps on cash back, no annual fee*

See additional details for Citi® Double Cash Card – 18 month BT offer

More Info

Credit cards offering an intro 0% APR on purchases

For large purchases that you need to finance over time, you could consider an intro 0% APR credit card. These cards offer interest-free periods anywhere from six to 21 months long. Compared with the RH Credit Card, these cards outmatch the 2.99% to 6.99% promotional APRs with an intro 0% APR and no minimum purchase requirements. That means you won’t have to spend at least $1,000 to qualify for a no- or low-interest APR.

However, unlike the RH Credit Card, intro offers provided by the credit cards listed below begin when you open your card — they’re not available after the stated time period. For example, if you open a card that offers an intro 0% for 15 months, that 15-month period begins when your application is approved. The no-interest period does not restart after you make a purchase. However, there’s a chance you may receive promotional offers at later times.

Here are some of our top picks for cards with intro 0% APR periods for new purchases:

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

  • 0% for 15 Months on Purchases and Balance Transfers

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

Highlights
  • One-time $150 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 for 15 months; 14.74%-24.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 14.74%-24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • Pay no annual fee or foreign transaction fees

See additional details for Capital One® Quicksilver® Cash Rewards Credit Card

More Info

  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically*

  • Earn 5% cash back at different places each quarter up to the quarterly maximum, when you activate*

  • Any amount, any time. Cash back rewards never expire*

Highlights
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • No annual fee.
  • See Rates & Fees

See additional details for Discover it® Cash Back

More Info

  • Earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening.

  • 0% Intro APR on purchases and balance transfers for 15 months

  • 16.99% - 25.74% Variable

Highlights
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.99-25.74%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey?
  • No annual fee

See additional details for Chase Freedom®

More Info

Credit cards offering an intro 0% APR on balance transfers

If you racked up debt on the RH Credit Card and are looking to save money on high-interest payments, a balance transfer can be a good way to avoid further debt. Another situation where a balance transfer may come in handy is if you take advantage of a credit card’s intro 0% APR on new purchases and realize that you’re unable to pay it off in full before the intro period ends. That means any unpaid balances will be hit with the regular purchase APR, but there is a way to avoid interest charges by completing a balance transfer before the intro period ends.

A balance transfer is when you transfer debt from one card to another card, from a different issuer, that offers an intro 0% APR period on balance transfers. This saves you money on interest charges and gives you more time to pay off your debt. Just be aware that most balance transfer cards charge a balance transfer fee of around 3%, but the cost often outweighs the amount you save on interest.

Here are our top picks for balance transfer cards:

  • 0%* for 12 months on Purchases*

  • 0%* for 21 months on Balance Transfers*

  • 15.99% - 25.99%* (Variable)

Highlights
  • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee… EVER
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 15.99% - 25.99%, based on your creditworthiness.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 15.99% - 25.99%, based on your creditworthiness.          
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full. 
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • The same great rate for all balances, after the introductory period
  • Save time when you call with fast, personal help, 24 hours a day – just say “representative”
  • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month

See additional details for Citi Simplicity® Card - No Late Fees Ever

More Info

  • 0% for 18 Months*

  • Earn 5% cash back at different places each quarter up to the quarterly maximum, when you activate*

  • 13.99% - 24.99% Variable*

Highlights
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • 100% U.S. based customer service.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • No annual fee.
  • See Rates & Fees

See additional details for Discover it® Balance Transfer

More Info

  • 0% for 18 months on purchases and balance transfers*

  • Enjoy $0 Annual Fee

  • 13.49%-26.99% (Variable)*

Highlights
  • 0% Intro APR for 18 months on purchases and balance transfers (fees apply), then a 13.49%-26.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa® Credit Card
  • Easy access to your FICO® Credit Score with Wells Fargo Online®
  • Zero Liability protection for promptly reported unauthorized transactions
  • Convenient tools to help create a budget and manage your spending with My Money Map
  • $0 Annual Fee

See additional details for Wells Fargo Platinum Visa® Card

More Info

Bottom line

The RH Credit Card may seem appealing at first glance with its special financing offers, but a closer looks shows that you may be better off considering other types of cards. You won’t earn any rewards by using the RH Credit Card, and the no interest for 9 months only applies to U.S. Outlet in-store purchases. Plus, there’s the high 26.99% variable APR to consider if you’re not sure you can pay off the balance within the promotional period. One of the alternative cashback or intro 0% APR cards mentioned above would help save you more money and reap more benefits. Plus, a general-purpose card provides the flexibility of being used anywhere — you won’t be limited to making purchases at Restoration Hardware.

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


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