Wayfair Credit Card vs Wayfair Mastercard: Comparison

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If you’re on the hunt for a new set of patio furniture for spring lounging or just looking to update your living room, Wayfair credit cards could help you save some cash. They could also help avoid interest charges with a special financing offer.

No need to choose between cards either. When you apply, you will be considered for both the Wayfair Credit Card and the Wayfair Mastercard. Depending on your creditworthiness, you will receive either the private card or the Mastercard version. And neither card has an annual fee.

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Wayfair Credit Card vs Wayfair Mastercard: What’s the difference?

Wayfair Credit Card vs Wayfair Mastercard: What's the difference?

One of the biggest differences between the two cards is where they can be used:

Supported stores

  • The Wayfair credit card: Can only be used with Wayfair and its affiliates (AllModern, Birch Lane, Joss & Main and Perigold)
  • The Wayfair Mastercard: Can be used anywhere Mastercard is accepted.

Rewards programs

The two cards also differ in their reward programs:

Wayfair Mastercard

Wayfair credit card

5% cash back at Wayfair and $40 off cardholder’s first purchase of $250 or more

5% cash back at Wayfair and $40 off cardholder’s first purchase of $250 or more

OR no interest financing if paid in full for up to 24 months on qualifying orders

OR no interest financing if paid in full for up to 24 months on qualifying orders

  • 3% cash back at grocery stores
  • 2% cash back for online purchases
  • 1% cash back for everything else

Wayfair Credit Card vs Wayfair Mastercard: How do rewards work?

5% cash back and $40 off the cardholder’s first purchase of $250 or more are simple features. Use the cards on all of your Wayfair purchases to earn 5% cash back. There is no limit to the amount of cashback you can earn, and it will never expire. Rewards may be used to fund purchases from Wayfair and its affiliates. However, cardholders can only redeem a maximum of 2,500 reward dollars per month.

In addition to earning 5% cash back, consumers will receive $40 off their first order of $250 or more. Consumers should note that purchases at Perigold are not eligible for this offer and it cannot be combined with any other discount.

Keep in mind that cardholders will have to choose between earning 5% cash back and the welcome offer or opting for the interest-free financing options.

Wayfair Credit Card vs Wayfair Mastercard: What about interest-free financing?

Instead of rewards, Wayfair cards offer cardholders an interest-free financing option. Cardholders can choose to refund a purchase within a fixed amount of time while it earns no interest. However, if cardholders are unable to repay the balance within the time allowed, they will be charged interest back to the time the purchase was made. Wayfair cards currently have an APR of 27.24%.

Here are the financing options available:

  • 6 months interest-free financing for orders over $199
  • 12 months interest-free financing for orders over $499
  • 18 months interest-free financing for orders over $1499
  • 24 months interest-free financing for orders over $2999

In order to avoid a potentially huge payment by not repaying the balance on time, be sure to make more than the minimum payment. It’s a good idea to calculate how much you would have to pay each month to be reimbursed with a month or two to spare.

And through 9/30/22, cardholders can also choose from these additional financing options:

  • 9.99% APR for 36 months on orders over $2,999
  • 9.99% APR for 48 months on orders over $3,999
  • 9.99% APR for 60 months on orders over $4,999

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