Wayfair Launches Two New Credit score Playing cards With Citi – NerdWallet


Wayfair’s bank card has gone the best way of outdated dwelling decor: It has been swept out and changed by a pair of spiffed-up variations, together with one you need to use at retailers moreover the Wayfair household of web sites.

The outdated Wayfair Credit score Card was issued by Comenity Financial institution. Its successors, issued by Citi, are:

  • The brand new Wayfair Credit score Card.

Picture courtesy of Citi Retail Providers and Wayfair

These $0-annual-fee playing cards launched on Sept. 11, 2020. They provide a alternative between 5% again in rewards while you use the cardboard at a Wayfair retail web site, or “no-interest financing” (aka deferred interest) for as much as 24 months in the event you pay your stability in full. If you happen to go for rewards and never financing, you’ll additionally get $40 off your qualifying first order of $250 or extra.

Wayfair retail web sites embrace wayfair.com, jossandmain.com, allmodern.com, birchlane.com, and perigold.com.

The 2 new playing cards

The Wayfair Mastercard

The Wayfair Mastercard can be utilized wherever Mastercard is accepted. Along with the choice of incomes 5% again in rewards on Wayfair retail web site purchases, you’ll earn:

  • 3% again in rewards at grocery shops.

  • 2% again on qualifying on-line purchases.

  • 1% again on all different purchases.

The Wayfair Credit score Card

The Wayfair Credit score Card can be utilized just for purchases on Wayfair retail websites and due to this fact does not earn rewards elsewhere.

Whenever you apply, you may be thought-about for each variations of the cardboard. If you happen to’re accepted for each, you possibly can select which one you need.

What are you able to redeem rewards for?

Redeem rewards by making use of them at checkout for purchases on any Wayfair retail website. You may redeem a most of $2,500 value of rewards monthly. Rewards aren’t redeemable for money.

How does the no-interest financing work?

As of September 2020, APRs on purchases for both card had been above 26%. However the playing cards do supply the choice of deferred curiosity on qualifying purchases from Wayfair websites. (You do not earn rewards on purchases the place you go for deferred curiosity.)

The scale of your buy impacts how lengthy it’s a must to make interest-free funds:

  • 6 months for orders over $199.

  • 12 months for orders over $499.

  • 18 months for orders over $1,499.

  • 24 months for orders over $2,999.

These deferred curiosity gives usually are not the identical as a real 0% intro APR offer, wherein curiosity is waived. As a substitute, you have to repay your stability in full by the top of the no-interest promotional interval. If you happen to do not, you may be charged curiosity on the complete buy quantity, retroactive to the acquisition date.

For qualifying purchases above $2,999, for a restricted time, you might also be eligible for “main buy plans,” wherein you are charged curiosity, however at a decrease ongoing APR over a set variety of months.

What occurs in case you have the outdated Comenity card?

Card accounts for Comenity Financial institution’s Wayfair Credit score Card closed on Sept. 10, 2020, though Comenity notes that any rewards you earned by that date can nonetheless be redeemed till Sept. 10, 2021.

In your credit score report, it would present the account as closed by Comenity, not you. This might have a short lived impact in your credit scores.


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