You have bought a new house or apartment and want to furnish it? That is the most fun part when it comes to buying new living space. However, having a bad credit score can get you back from the things that you want.
With that being said, buying furniture doesn’t have to be very challenging, as there are plenty of options that can help you in the furniture purchases of your dreams. One thing that you can do is look for a credit card from reliable credit card companies that is easy to obtain even if your credit score is not ideal.
However, with so many options on the market, finding the right one is not very easy. If this is something that catches your attention, keep reading as in this article, we have reviewed some of the best bad credit furniture finance.
Top 5 Best Personal Credit Card For Buying Furniture:
- Surge Mastercard – Overall Best Bad Credit Card For Furniture Financing
- First Access VISA Card – Most Potent Best Buy Credit Card
- OpenSky Secured VISA Credit Card – Best For Leasing or Long-Term Financing
- Reflex Mastercard – Best For Bad Credit Furniture Financing Loans
- FIT Mastercard – Best Cash Rewards Credit Card
#1. Surge Mastercard – Overall Best Bad Credit Card For Furniture Financing
Surge Mastercard is a top choice for us when it comes to financing furniture when your credit card is not ideal. The card is issued by the Celtic Bank and serviced by Continental Finance. Moreover, the card is easily accessible even for people whose credit score is not ideal and it comes with terms that are suitable for many cardholders.
Pre-Qualification Process And Applying
What is great about Surge Mastercard is that you can see if you qualify for obtaining such a credit card. To do that, you need to head to Continental Finance’s website and fill the online form by entering information such as name, address, city, state you live in, zip code, SSN, and your monthly income.
You also need to be at least 18 years old and a resident of the US to be eligible for such a credit card. It is significant to mention that pre-qualifying doesn’t guarantee approval but shows your options, as you will need to fill an online form in order to apply.
Surge Mastercard Benefits
Another excellent thing about Surge Mastercard is that it is suitable even for people with less than ideal credit scores, as the monthly activity is reported to the major bureaus. The credit limit for a Surge Mastercard is between $300 and $1000, without the need to have the limit a deposit.
However, the limit can also be increased to up to $2000 as long as you pay your first six monthly payments on time. Additionally, the card comes with a $0 liability, meaning that you are not responsible for any unauthorized charges.
Fees And APRs
Besides all these benefits, it is significant to mention that Surge Mastercard does come with some fees that you need to pay including an annual fee between $75 and $99 and a maintenance fee of $10. In addition, there is a one-time card fee of $30, if it is applicable for you.
In case you want to spend your funds internationally, there is a transaction fee of 3% and a 5% fee for a cash advance. If you have late or return payments, you will also be charged a fee of $40. When it comes to APRs, for the Surge Mastercard it changes from 24.99% to 29.99% on all everyday purchases.
If you are constantly on the go and want to make transactions online, make payments or edit information, and do other activities, Continental Finance also has a mobile application that you can take advantage of. The application is compatible with both Apple and Android devices and is suitable for people with busier schedules.
- It is a great option for everyone, including people who want to finance furniture
- The repayment history is reported as giving you a chance to improve your core
- You can check whether you qualify before applying
- High annual fee and there are other monthly fees
By reading the reviews, we noticed many comments from people expressing that with the Surge Mastercard, they were able to purchase the furniture they desired for their new home and office. The cardholders are satisfied with the credit limit and the fast accepting process, and they also like that it comes from a reliable company that is A+ accredited, which says a lot about the services it offers.
#2. First Access VISA Card – Most Potent Best Buy Credit Card
If you are looking for bad credit furniture finance with user-friendly terms, then applying for a First Access VISA Card might be the best solution for you. This credit card is issued by the Bank Of Missouri, and it is not a secured credit card, meaning that you don’t need to have the credit limit as a deposit. The card is also easily accessible and can be obtained even if your credit score rate is not ideal.
To be able to obtain the First Access VISA credit card, you need to fill an online application form that is quick and straightforward. To do so, you are required to provide information such as name, email address, city, state you live in, zip code, home, and mobile phone number, and you also need to be at least 18 years old and have a valid checking account. Moreover, once you submit the application, you can receive an answer in just one minute, which is very convenient for many people.
First Access VISA Card Benefits
What we especially like about the First Access VISA Card is that it can be used anywhere for everything that you like, including buying a piece of furniture. The card is also accessible for individuals with less than stellar credit scores, and it gives you an opportunity to rebuild your history as your activity is reported to the major credit card bureaus.
The company also allows you to choose a credit card design that you prefer while applying, which is not something that you can often see. The credit limit for this VISA card is $300, but there is a chance to increase it after 12 billing cycles. Additionally, there are no monthly fees and fees for a cash advance.
Fees And APRs
Even though there aren’t any monthly fees, it is important to say that First Access VISA Card does come with plenty of fees that you would need to pay, including an annual fee of $75 and a processing fee of $95. For servicing your credit card, you will be charged $75 a month as well as $48 for getting another credit card. However, there is no fee for closing the account, but we suggest that you keep it open as long as possible. When it comes to APRs, for the First Access VISA card, it is 34.99% on all furniture purchases.
- The application process is very quick and easy
- With on-time payments, you can increase your credit score
- It is suitable for various purchases, including financing furniture
- In order to get a credit card, a checking account is required
According to the reviews, the First Access VISA Card is one of the few that you can get accepted for when your credit score is poor. The users also like that they were able to increase their credit score in such a short time, and they are also delighted with the card designs. Others expressed that they appreciate that this credit card can be used anywhere that VISA is accepted, which is very convenient when shopping for new furniture.
#3. OpenSky Secured VISA Credit Card – Best For Leasing or Long-Term Financing
Whether you are looking to buy a new piece of furniture for your home or remodel and replace the old one, looking for a secure credit card might be a good option. The OpenSky VISA is even suitable for people who have bad credit scores but want to increase them in a short period of time. The company claims that even 99% of the cardholders were able to increase their score, which is definitely a green light. The easy application process, flexible terms, and other offers make OpenSky one of the best credit cards for furniture financing.
Although, as mentioned, to get the OpenSky Secured Visa Credit Card, you don’t need to have an excellent credit score, there are some requirements that you need to meet to become eligible. You need to be a US citizen or a permanent resident, and your monthly income needs to be more than your expenses every month.
The application process is quick and easy, as the form contains several sections that you need to fill. The first section requires you to provide personal information such as name, full name, and email address, while the second one requires a home address, suite, zip code, city, and state that you live in, as well as a mobile and home phone numbers. Finally, you will need to provide data such as monthly income, SSN, housing payments, etc.
OpenSky VISA Benefits
One of the main goals for getting such a credit card is to improve your credit score, as your monthly activities are reported to the major credit bureaus. The reason why we believe that the OpenSky Secured VISA Credit Card is one of the best for furniture financing is that it is a secured card, meaning that you can choose how much money you would like to spend.
The credit limit for OpenSky’s VISA ranges between $200 and $3000, and you need to provide a security deposit which you can later get back once you close the account. OpenSky also has a mobile app through which you will be able to manage your account and get email alerts. Furthermore, the credit card provides other benefits such as 0% fraud liability and 24-hours assistance if your card gets stolen and you will need a new one.
Fees And APRs
Before you decide to apply for an OpenSky VISA for furniture financing, you need to be aware of the fees that come with it. The annual fee costs $35, which can be high for some people but the APR for purchases is at 17.39%, which is much more competitive than many other cards on the scene. If you want to make transactions internationally, there is a 3% transaction fee and a $6 fee for a cash advance. Regarding late and returned payments, the fee cost $38 for the late and $25 for a returned payment.
- Lower APR than many other credit cards
- High credit limit suitable for buying furniture
- Individuals with bad credit scores are also accepted
- There is no welcome bonus or rewards
The OpenSky’s Secured VISA Credit Card is very popular among users, and it is one of the few ones that doesn’t require an ideal credit score for acceptance. The cardholders seem delighted with the credit limit, and they also like that the company is very transparent about what their credit cards offer. Additionally, we found many positive comments about the low APR and affordable rates, which makes the furniture shopping process for users much easier.
#4. Reflex Mastercard – Best For Bad Credit Furniture Financing Loans
Next on our list is another quality credit card for people in need of funds for furniture financing. The card is also issued by the Celtic Bank and managed by Continental Finances, and it is usable everywhere Mastercard is accepted, even internationally. Since this is an unsecured credit card, you don’t need to provide the credit limit as a deposit.
Although this credit card is intended for people with poor credit scores, the application does require a credit check which can impact your score. With that being said, Reflex Mastercard allows you to check whether you will qualify before you decide to apply.
Then, if your chances for approval are high, you can proceed with the process by filling an online form and providing personal information. To apply, you need to provide your name, address, phone number, email, date of birth, income, SSN, employment details, and others. The card also arrived very quickly in just 3 days of application, which then you need to activate to use it.
Reflex Mastercard Benefits
The credit limit for this type of credit card is between $300 and $1000 but with a potential increase after 6 months up to $2000. Paying off your balance regularly and avoiding late payments will not only increase your chances of getting a higher credit limit but will also increase your credit score rate since all of the activities are reported to the major credit cards bureaus.
In addition, if you open an online account, you will be able to get a free monthly credit score, allowing you to check the progress, which is the first step to improving its score. Additionally, the card offers 0% fraud liability, so you, as a cardholder, are not responsible for any unauthorized transactions.
What is more, through online banking, you can check your balance, pay credit card bills, view your payment history and transactions, etc. Reflex Mastercard also has a mobile application compatible with all devices.
Fees And APRs
This credit card is considered one of the greatest for furniture financing, but it does come with several fees that you need to be familiar with. The card has an annual fee of $99 as well as a maintenance fee ranging from $0-$120. If you are planning on using the funds internationally, then there is a transaction fee of 3% and a cash advance fee of 5%. Also, there is a fee for late and returned payments that you need to be aware of. However, the APR for purchases with the Reflex Mastercard ranges between 24.99% and 29.99%, which is less compared to plenty of other credit cards.
- Individuals with limited or bad credit scores can also qualify
- You can increase the credit limit, which is convenient for bad credit furniture finance
- The company enforces encryption technology to secure clients’ data
- There is a high annual fee
The cardholders expressed that they were able to get accepted in just a minute, and they also like the credit limit that can be increased, which is very helpful, especially for people in need of funds with bad credit scores. Others like that you can check whether you will be able to qualify before you decide to apply, and there are also many positive comments about the mobile application, which makes the process even more convenient.
#5. FIT Mastercard – Best Cash Rewards Credit Card
FIT Mastercard is another great choice for people who want to build or establish their credit score and invest in an item of new furniture in their new home or make their office a much cozier place. The FIT Mastercard is an unsecured card by Continental Finance, which is one of the leading marketers when it comes to credit cards.
If you meet the age requirement and you are at least 18 years old and have a valid checking account, then you can consider applying for the FIT Mastercard. How you can do that is by filling the form that you can find online and entering essential information, including your name, address, city, state, date of birth, zip code, and other personal information. The form also requires you to provide SSN, monthly income as well as the source of income, and employment data.
FIT Mastercard Benefits
This credit card is suitable for people who want to build their credit score or who don’t have enough funds for a secured card. Furthermore, FIT Mastercard will not only provide you with the needed funds for purchasing the furniture that you desire but also give you an opportunity to increase your score by making monthly payments on time. Regarding the limit, the credit limit for this card starts at $400 but can be increased to up to $800.
The cardholders are also able to get monthly access to their FICO score, to monitor the credit score. Moreover, another amazing thing about owning the FIT Mastercard is that it can be used anywhere where Mastercard is accepted, including furniture salons.
Additionally, the users can access the Continental Credit Protection Program that works as a debt cancellation program if the cardholder loses the job or becomes disabled. As a user, the card has zero fraud liability as well.
Fees And APRs
Since FIT Mastercard is not a secured card, there are fees that you might be charged with if you decide to use it. The cost for an annual fee is $99, while the fee for adding another card is $30. In addition, cardholders will be charged a $3 fee if they make transactions internationally as well as $29 if they have returned payments.
In the same way, for late payment, there is a fee of $39 and $6.25 for maintenance after the first year. On the other hand, the APR variable on all purchases with FIT Mastercard is 29.99% which is very competitive on the market.
- The eligibility requirements are low
- The excellent credit limit for furniture financing
- You have a chance of increasing the credit limit and improving your credit score
- There are many fees that the users can be charged for
The customers seem delighted with the fact that the credit card can be used anywhere where Mastercard is accepted and they like that people with less than ideal credit score can have a chance of obtaining one. In addition, the cardholders are satisfied with the credit limit and they like that the card is issued by a reliable company that is well-reputed on the market.
Factors To Consider When Picking Credit Card Issuer For Bad Credit Furniture Finance
If you have a bad credit score and are looking for a way to finance your new furniture, then paying a lot of money for interest rates is probably the last thing that you want to do. With that being said, it is known that for people with bad credit scores the interest rates are much higher than for ones that have better ones. Therefore, we suggest selecting a credit card issuer that comes with a lower APR, which will save you a lot of money, or looking for a fixed APR if possible.
Annual or Foreign Transaction Fees
Correspondingly to the interest rates, such credit cards come with a lot of fees. Nevertheless, we recommend looking for a credit card issuer that comes with as few fees as possible that you need to be familiar with before you submit an application. Although some credit cards have high annual or foreign transaction fees, they provide a lot of benefits. We suggest being on the lookout for fees such as opening fees, limit requests, and others so that you don’t spend much more money than you initially planned.
Given the fact that you are looking for funds to cover the expenses for the furniture that would make your living space or workspace much better, you need to check what benefits it provides. Aside from low fees and interest rates, you need to check whether by owning a specific credit card you have a chance of increasing your credit score.
The reason for this is that for owning the credit cards on our list, your monthly activities are recorded and reported to the major bureaus. If your credit score improves, you have a higher chance of approval for a credit card or a loan and also receive much better terms.
Another significant factor that is essential for consideration is the credit card issuer’s reputation and how well it is established on the market. If there are plenty of satisfied users and the credit card is highly rated by thousands of customers, it is a great indicator of how reliable the company is and the services that the credit card issuer offers. However, make sure that you look for reliable sources and compare credit terms to find the best option for you.
FAQs Regarding Bad Credit Furniture Financing
What Exactly Is Bad Credit Furniture Finance?
Without a loan, furnishing your home or workplace can be very difficult as couches, chairs, desks, and other pieces of furniture nowadays cost a lot. Therefore, bad credit furniture financing is a type of small loan that you can get in order to borrow funds to cover the expenses.
With that being said, credit cards come with much higher interest rates and plenty of fees, but they are also easily accessible even for people whose credit score is not the best. The credit cards on our list come with some of the most user-friendly terms for all customers, and by owning them, you also get a chance to increase your credit score rate.
Is Financing Furniture A Good Idea?
The answer to this question depends on what you prefer and your interests. In other words, as long as you select a good credit card and make your monthly payments on time to avoid any additional fees and penalties, investing in a piece of modern furniture this way can be an excellent idea. What is more, making such large purchases can also earn you cashback rewards as a statement credit or direct deposit that you can later use for something else, and you also get a chance to improve your credit score in a short period of time.
Can You Help Your Credit By Buying Furniture?
A significant thing to mention is that you shouldn’t make credit card furniture purchases without a solid plan. What this means is that you need to be familiar with all the terms that the credit card of your choice offers and make sure that you can afford monthly payments to avoid any additional fees and penalties.
With this in mind, buying your favorite sofa or closet with a credit card can definitely increase your credit score, if again, you manage to make the payments on time. The reason for this is that your monthly activities are recorded and reported to the major credit bureaus in the US, which can increase your credit score rate.
By improving your credit score, you have much higher chances of getting better terms when looking for any type of loan, and more doors open. Also, even if you have the cash to buy the furniture that you desire, putting the purchase on your obtained credit card can pay dividends which can be beneficial for other kinds of purchases like grocery store purchases and more.
What To Do If You Don’t Get Accepted?
As mentioned, such credit cards are easily accessible even for people with poor credit scores. However, in some cases, some people still might get denied for obtaining such a credit card. In that case, we suggest contacting the issuer and asking for a reason, or contacting a financial advisor that can help you understand the process much better.
In most cases, you will be asked to improve your credit score or get a co-signer that has a better credit score. Some credit card issuer on our list also allows you to check whether you qualify before you make a decision and submit an application form, which can be very helpful for a lot of individuals.
Final Thoughts – What Are The Best Credit Card Companies For Bad Credit Furniture Financing?
Remodeling your home or adding new decor can help you feel comfortable and make your home a modern living space where you enjoy spending your time. Also, the same goes for furnishing your office and making the workers more focused and productive. No matter what is the reason for purchasing new furniture, getting it with a bad credit score can be very challenging.
For that reason, we recommend looking for a credit card that will help you find the funds that you require and, at the same time, assist you in increasing your credit score. However, before submitting an application, we suggest looking at the credit limit terms, eligibility requirements and getting familiar with all the fees and APRs so that you can be sure that you will be able to afford them.
Make sure to check all of the credit cards on our list, compare them, and select the one that works the best for you in a furniture purchase that you always wanted. Like we did and decided to put Surge Mastercard at the very top for being the best bad credit furniture financing platform.