Best credit cards for buying furniture Advertiser Disclosure

The Best Furniture Credit Card Options for 2024

From remodeling your home office to furnishing your startup workspace, the right furniture can make all the difference: Helping you and your staff stay focused, productive, and healthy. 

Or maybe instead, you’re looking to freshen up your new or newly-remodeled home decor.

Regardless of why you’re interested in buying an armchair, couch, dressers, or dining room table, the question remains: What is the best way to buy it? 

The Best Furniture Credit Card Options for 2024

Graphic image showing who might buy new furniture

Some say never to put a purchase like furniture on a credit card—you’ll end up tacking on a bunch of extra interest, paying more for the furniture than you would have paid in the first place. You may be worried about the monthly payments.

Although we agree that consumers should never put a furniture purchase—or any kind of purchase, really—on a credit card without a solid plan for paying off the balance, and paying it off quickly, buying a new armchair or sectional is a great way to earn spending bonuses and some cash back in your pocket, among many other perks and benefits. 

If you pay only the minimum monthly payments required, the interest could prevent you from paying off quickly. Be sure to look at the credit card agreement terms.

That’s especially true if there’s a solid plan to repay the debt, and this goes for new homeowners, office managers, and small business owners alike. 

Keep your cash flow liquid and finance your chairs, desk, sofas or dining room tables. In this guide to the best furniture credit card options.

See Also: Best Credit Card for Home Improvement

The Best Furniture Credit Card

Graphic image listing the best credit cards for buying furniture

Take a seat and stay awhile: you’re about to learn everything about financing offers and the best credit cards for updating your living room, plus some tips and pointers for purchasing something like furniture without going into too much debt.

Keep reading to find out everything we liked about each one of these cards. All new accounts require credit approval.

We’ll go into more detail about everything we liked and some things we didn’t like about each card in this list a bit later on, but first, let’s answer a few frequently asked questions from those just beginning the process of buying furniture with a credit card.

Best Credit Card for Buying Furniture: Chase Freedom Flex

Topping our list of the best credit cards for buying furniture is Chase Freedom Flex. Leading off the list of reasons this card is a great choice for buying a bed or dining room set is the 0% introductory APR for the first 15 months after opening the account. 

Chase Freedom Flex pamphlet

Make a plan to pay off your furniture within that period, and it’s a no-interest loan on the purchase!

And what kind of loan also offers a promo of a $200 bonus on the first $500 spent in the first three months after opening the account, and an additional 5% on $1,500 in combined purchases each quarter? 

That’s exactly what is available from the Chase Freedom Flex, with new 5% categories added each quarter, often including department stores or other retailers that may sell furniture. That’s hard to beat.

All specific cash back rewards available from the Chase Freedom Flex include 5% back on travel expenses, 3% on dining, and 1% on all other purchases. 

There’s also no annual fee with the Chase Freedom Flex, and there’s no minimum to redeem any great cash back rewards the card offers. These points never expire as long as the account is open, so no rush to redeem them. 

Following that introductory period, the APR goes to a variable 14.99% to 23.74%. You do need good to excellent credit to qualify for the card. Still, otherwise, the kind of flexibility helps the Chase Freedom Flex live up to its name, contributing to the card being the overall best credit for buying furniture. 

Best Furniture Credit Card with Cash Back: Capital One Quicksilver Cash Rewards Credit Card

Upping the cash rewards game, however, is the Capital One Quicksilver Cash Rewards Credit Card. Like the Cash Freedom Flex, the Quicksilver card offers a $200 bonus on the first $500 spent in the first three months. 

Capital One Quicksilver Cash Rewards Credit Card

Setting the Quicksilver apart in terms of cash back rewards, though, is the additional 1.5% earned on all purchases every day, with no rotating categories or sign-ups required. And conveniently, these rewards never expire, and there’s no limit to how much you can earn.

Following the introductory period, card users enjoy 0% APR on purchases for 15 months. That’s More than enough time to finance your furniture purchase with what amounts to a no-interest loan, and continue to earn 1.5% on all purchases after that. 

Following that introductory period, though, the variable APR does increase to between 15.49% and 25.49%, which is more than the Chase Freedom Flex, making it important to get that debt paid off promptly and manage your spending.

There are no foreign transaction fees or annual fees to worry about, but like most cards, good to excellent is credit is needed to be eligible for the card. When viewed in total, though, there’s no better card than the Capital One Quicksilver, especially for those interested in maximizing cash back rewards on a furniture purchase, particularly within the introductory period, and with few limitations on how to redeem those rewards.

Best Credit Card for Buying Office Furniture: Ink Business Cash Credit Card

If you’re buying furniture for your home office or your business of any sort, consider the Ink Business Cash Credit Card. With Ink Business, you earn $750 on the first $7.5K spent in the first three months on the card, perfect for outfitting an entire office. 

Credit cards placed on a laptop

And following that, consumers continue to earn 1.5% on every business purchase, which can be redeemed through the Chase Ultimate Rewards program in gift cards, travel, and cold hard cash.

Other benefits of the Ink Business Cash Credit Card include 5% cash back on the first $25K spent on the following expenses, common for many small business owners: 

  • Office Supplies
  • Internet
  • Cable and phone services

There’s also an additional 2% cash back on the first $25K on combined spending on the following purchases, each account anniversary year:

  • Restaurants
  • Gas Stations

And if all that weren’t enough, business owners and their employers using the card earn 1% cash back on all other purchases.

Because business owners have enough to worry about, fraud protection is also strong with the Ink Business cards: All transactions are monitored in real-time, with business owners free from any liability on fraudulent activity. Good to excellent credit is required to qualify.

Otherwise, there’s no annual fee with the Ink Business card, helping the bottom line of any small business, and after the introductory period the APR is a variable 13.24% to 19.24%, setting the card apart from other cards in our ranking. For these reasons and much more, the card offers big savings for small business owners for whom every penny counts. 

What Are the Best Furniture Credit Cards for Bad Credit?

Furniture is not just important for its comfort and function. It’s also an expression of your style and personality. Regardless of your financial situation, strive to create a cozy and appealing living space. However, obtaining financing for furniture purchases can be daunting if you have bad credit. 

In response to this need, several furniture credit cards have emerged, specifically designed to assist individuals with bad credit in furnishing their homes without compromising on quality and style. Here are some of the best furniture credit cards for bad credit: 

Discover it® Secured

Discover it® Secured is a great credit card for people with bad credit – as low as 350 – trying to rebuild. This card has a $0 annual fee and offers 2% cash back on gas stations and restaurants on up to $1,000 in purchases each quarter. It also offers unlimited 1% cash back per dollar on all other purchases, including furniture.

This card requires a minimum deposit of $200 to activate. It offers an introductory APR of 10.99% on balance transfers if you’re paying high interest on another credit card. Subsequently, however, it has a regular APR of 27.99% variable. While this is not exactly low, it is one of the best you can find for a credit card for bad credit

At the end of the year, Discover will match all the cash back you’ve earned dollar for dollar, helping you make even more. If you use your account responsibly, Discover will automatically review it for an upgrade to an unsecured account after seven months.

Discover it® Student Cash Back

Discover it® Student Cash Back is another great credit card for people with no credit or fair credit from Discover. You’ll earn 5% cash back on everyday purchases at different places each quarter, such as Amazon.com, grocery stores, restaurants, and gas stations, and when you pay using PayPal. This cash back can be earned up to the quarterly maximum when activated. 

You’ll also automatically earn 1% cash back on all other purchases. This means you can purchase furniture and earn rewards on every dollar you spend. 

Woman looking at new furniture

This card has a 6-month intro purchase APR of 0% and an intro balance transfer APR of 10.99%. After this, it has a regular APR of 17.99% – 26.99% variable. It requires a $0 annual fee and a 0% foreign transaction fee. 

nRewards® Secured Credit Card

The nRewards® Secured Credit Card is a great fit for Navy Federal Members with bad credit – as low as 350 – or no credit. With a $0 and a point earning system for every dollar spent, this card may be a great choice for purchasing furniture. Although it requires a minimum deposit of $200 to activate, this card has such low fees that you’re likely to recoup this deposit in no time. 

It has a regular APR of 18% variable, which is a very reasonable rate, considering the low fees and rewards earning rate. One major downside to it, however, is that you have to be a Navy Federal member to qualify.

BankAmericard® Secured Credit Card

The BankAmericard Secured Credit Card is specifically designed for people with no credit or bad credit to help them establish or rebuild their credit scores. This card requires a minimum deposit of $200 to activate, and depending on your credit history, you may qualify to have this deposit returned to you.

This card also has a $0 annual fee and a 26.24% variable APR. However, regarding rewards, this card has no reward-earning program. If you’re purchasing furniture with it, you’ll be doing so without earning any rewards. 

Capital One Platinum Credit Card

Last on our list of the best furniture credit cards for bad credit is the Capital One Platinum Credit Card. While this card offers no rewards programs, it also has $0 annual or foreign transaction fees.

It has a 30.49% variable APR, which is quite high. However, if you pay off your balances fully when due and use your account responsibly, you stand a chance to build your credit and qualify for better card options from Capital One. 

Is Financing Furniture a Bad Idea?

For now, let’s talk a bit more about whether or not it’s a good or a bad idea to finance furniture. You may be buying in-store or online and wonder about the best furniture credit card options.

The answer to that question is yes, but also no. Yes, we understand that’s a frustrating answer, so let us explain.

Many offer an introductory of 0% APR on purchases made in the first 12 months from the purchase date or so, sometimes more. 

Make a plan to pay off your purchase within that time period, and it’s like a no-interest loan on your new furniture! Furthermore, a relatively large purchase, like a new furniture set, might earn you cash back rewards with qualifying purchases that you could spend on travel, gas, and more. 

With these points in mind, financing furniture is a very good idea. Once you have paid in full, you can just enjoy the perks!

Watch out for:

  • credit card agreement terms
  • minimum purchase required
  • flexible payment plans

Can Buying Furniture Help Your Credit?

Now, we want to take a moment to reiterate something: it’s never a good idea to make a credit card purchase without a solid plan in place to pay off your debt

Here’s the thing, though: Buying a new armchair and paying the debt off promptly can help build your credit score, and a high credit score can make a world of difference. On top of all that, some companies’ cash back reward programs put money back in your pocket!

And again, as long as payments are made on time, any purchase made on credit gets reported to the three major credit bureaus. Positive account activity goes toward improving your credit score, while missing payments will negatively affect your score, hurting your credit. 

Even if you have the cash to buy new chairs for your home, office, or business, putting the purchase on a credit card and paying it off quickly can pay dividends in the long run, when it’s time to buy a home, or any other kind of purchase for which a high credit score is required.

Graphic image explaining if it's worth getting store credit cards?

Is It Worth Getting Furniture Store Credit Cards?

But if you’re in the market for some new furniture, is it better to choose a credit card like the three we recommend in this article, or apply for a credit from the store, retailer, or website from which you intend to buy the furniture? What are the best furniture stores with credit cards?

If your favorite retailer offers a card, and you plan to buy more than just furniture from that retailer, and you can pay that debt off on time, a store-specific credit card might be worth it. 

Otherwise, if you’re interested in purchasing furniture alone from a specific retailer, a more general-use credit card is often a better option. Here’s why:

  • Limited use. Store-specific credit cards can only be used at the store that has issued the card. If you have a favorite store from which you buy everything from clothing to groceries to furnishings, apply for one. If you’re only interested in making a furniture purchase, though, it probably isn’t worth it because you won’t be able to use that card anywhere else.
  • Higher interest rates with fewer rewards. It’s never a good idea to make any purchase you can’t afford, letting interest accrue to only end up paying more for the bed or couch than you might have otherwise paid. To this end, furniture store credit cards typically have higher interest rates and fewer rewards, meaning there’s much less incentive to purchase furniture on a card rather than just paying cash. And if the card does offer a rewards program, chances are they’re only redeemable at that store alone.
  • 0% interest and Lower Credit Limits. Rather than a 0% APR introductory period—perhaps the best reason to put a recliner purchase on a credit card in the first place—furniture store credit cards typically only offer deferred interest promotions with much lower credit limits than are usually offered by major companies. 

Furthermore, store credit cards are relatively easy to get, and a good way for those with bad credit to rebuild their score. On the other hand, store credit card purchases are weighed much lower by the three major credit reporting agencies, meaning the best way to build your credit score is with a major credit card. 

Many furniture stores and online retailers offer customers credit cards and special offers. Here are some examples of furniture stores with credit cards:

  • Ashley Furniture HomeStore: Ashley Furniture HomeStore offers a credit card with special financing options and exclusive discounts for cardholders.
  • Rooms To Go: Rooms To Go offers a credit card with special financing options and rewards points for purchases.
  • Wayfair: Wayfair offers a credit card with special financing options and rewards points for purchases made through the Wayfair family of brands.
  • La-Z-Boy: La-Z-Boy offers a credit card with special financing options and exclusive discounts for cardholders.
  • American Furniture Warehouse: American Furniture Warehouse offers a credit card with special financing options and rewards points for purchases.
  • Crate & Barrel: Crate & Barrel offers a credit card with special financing options, rewards points, and exclusive offers for cardholders.
  • Pottery Barn Credit Card: The Pottery Barn credit card offers special financing options, rewards points, and exclusive offers for cardholders.
  • IKEA Visa credit card: IKEA credit card is a co-branded credit card offered in partnership with Comenity Capital Bank. This credit card is designed to offer benefits and rewards to frequent IKEA shoppers.

It’s important to remember that each furniture store’s credit card has its own terms and conditions, including interest rates, fees, and rewards programs. Before signing up for a furniture store credit card, read the terms and conditions carefully and consider whether it’s the right choice for your financial situation.

Customers can apply in-store or online for furniture store credit cards, and if approved, they can use the card to make purchases at the store. 

Depending on the card, customers may be offered different financing options, such as deferred interest, where they can pay off the purchase within a certain time period without accruing interest, or low interest rates for a set amount of time.

In addition to financing options, furniture store credit cards may offer rewards on eligible purchases, such as cashback, discounts, or points that can be redeemed for future purchases at the store. However, it’s important to read the terms and conditions of the card carefully to understand any fees, interest rates, or penalties that may apply.

Overall, a furniture store credit card can be a useful tool for customers who want to finance their furniture purchases or earn rewards for their spending. 

However, using credit responsibly and paying off any balances in full and on time is important to avoid accruing interest or fees.

Now that we’re up to speed on buying furniture with a credit card, here are the three best credit cards to use when furnishing your new office, home, or apartment.

What to Look For in a Furniture Credit Card?

A furniture credit card can provide convenience, special financing options, and rewards tailored to your furnishing needs. However, not all furniture credit cards are created equal. To ensure you’re making the best choice for your financial situation, it’s important to consider several key qualities when evaluating your options.

Pile of various kinds of credit cards

Interest Rates

The most important thing to look for in a furniture credit card is a competitive interest rate. Preferably, go for a card with an introductory 0% APR period of at least 12 months. This feature can help you spread out payments over time without incurring high-interest charges. 

After the 0% APR period ends, the card’s regular APR will apply to any remaining balance. Therefore, make sure the regular APR is reasonable and manageable for your financial situation.

Purchase Protection 

You should always consider purchase protection when seeking the ideal furniture credit card. This feature can give you peace of mind and financial security in case your furniture purchase encounters unexpected issues, such as damage, theft, or manufacturing defects. 

The Purchase Protection period typically ranges from 90 to 120 days and can vary depending on the card issuer and specific terms. Most importantly, ensure that the maximum coverage amount is sufficient to cover the cost of your furniture purchase. 

High Credit Limit

Check the credit limit of the furniture credit card to ensure it covers the cost of your planned furniture purchase. Since furniture purchase is a large expense, a higher credit limit can provide the flexibility you need.

Cash Back

Look for a card offering rewards or cash back, specifically furniture purchases. If the card doesn’t have furniture-specific rewards, consider how well its rewards program aligns with your overall spending habits.

Redemption Flexibility

It is also important to consider how to redeem rewards earned through the furniture credit card. Choose a card that offers multiple redemption options, such as statement credits, direct deposits, checks, and gift cards. 

What Should I Know About Credit Cards?

When considering big furniture purchases, you should first learn about these aspects to make wise spending habits.

Equal Monthly Payments

Equal monthly payments refer to a regular payment schedule where the amount paid each month remains the same throughout the payment period. This payment type is commonly used for loans or other financial products that require repayment over time.

When you make equal monthly payments, a portion of each payment goes towards paying down the principal (the amount you originally borrowed) and another portion goes towards paying the interest (the cost of borrowing the money).

Required Mininum Monthly Payments

Required minimum monthly payments refer to the minimum amount of money a borrower must pay towards their outstanding debt balance each month, as stipulated by the lender or credit issuer.

Paying more than the minimum monthly payment is generally advisable to reduce the balance owed more quickly and save on interest charges. It is also important to remember that missing or being late on minimum payments can negatively impact your credit score and incur additional fees and penalties.

Fixed Monthly Payments

Fixed monthly payments refer to a set amount of money that is paid regularly over a fixed period of time, such as monthly, to repay a debt or loan. These payments are predetermined and remain the same throughout the entire repayment period, regardless of any changes in interest rates or other factors.

Woman comparing the color swatch on the chairs

Credit Bureau Score

A credit bureau score is a numerical score that is based on a person’s credit report and is used to assess their creditworthiness. This score is commonly known as a credit score and is used by lenders, such as banks and credit card issuers, to determine whether to approve an application for credit, and at what interest rate.

It is important to regularly review your credit report and credit bureau score to ensure the information is accurate and identify any potential issues affecting your creditworthiness.

Minimum Interest Charge

A minimum interest charge is the minimum amount of interest that a borrower must pay on their credit account, regardless of the balance on the account. Credit card issuers and other lenders typically impose this charge.

Promotional Financing

The purpose of promotional financing is to incentivize borrowers to take out credit and to encourage spending, as the low or zero interest rate can make it easier to afford large purchases.

How Many Credit Cards Should I Have?

Perhaps you already have a credit card or two and you’re just shopping around for a card that might offer better deals on purchases like furniture. It’s natural to be concerned about how many credit cards are too many, or how applying for too many might affect your credit. Both good questions! Here’s what you need to know:

Having multiple cards can help your credit score. The credit utilization ratio, or CUR, heavily influences anyone’s credit rating. The number considers how much credit is available to a consumer versus how much debt the consumer carries. 

  • The more credit cards you have, the more credit is available, and the better that debt is managed, the better your credit score will be.
  • But here’s the thing, over half of your credit score is your payment history, meaning paying on time is much more important than your CUR. In other words, having a bunch of credit available, but not being able to make your payments on time won’t help your credit score at all.
  • Having several credit cards or just one is neither good nor bad. Playing your cards right, so to speak, and having a large amount of credit available to you, while also carefully managing your debt and making on-time payments, can improve your credit score in terms of the credit utilization ratio, or CUR.

Run up debt that you can’t pay back on a number of credit cards, however, and your credit score will languish, whether that debt is spread across multiple credit cards, or just a single one.

Frequently Asked Questions

Still, have some questions about the best credit cards for buying furniture? We’ll conclude with a few frequently asked questions from those who’ve recently opened a new credit card account.

Which Credit Card Is Best for Big Purchases?

The Chase Freedom Flex may be the best credit card for big purchases, such as furniture. This is because of the 0% introductory APR it offers for the first 15 months after opening an account, which enables you to pay off your furniture debt without incurring interest. 

Additionally, this card has a competitive ongoing interest rate – a variable APR of 14.99% to 23.74%. It also offers a one-time $200 bonus if you spend $500 within the first three months of opening the account. With no annual fee, 5% cash back on $1,500 worth of combined purchases, and no minimum amount to redeem cash back, this card makes big purchases easier. 

Which Credit Card Is Best for Big Purchases?

The Chase Freedom Flex may be the best credit card for big purchases, such as furniture. This is because of the 0% introductory APR it offers for the first 15 months after opening an account, which enables you to pay off your furniture debt without incurring interest. 

Additionally, this card has a competitive ongoing interest rate -a variable APR of 14.99 to 23.74%. It also offers a one-time $200 bonus if you spend $500 within the first three months of opening the account. With no annual fee, 5% cash back on $1,500 worth of combined purchases, and no minimum amount to redeem cash back, this card really makes big purchases easier to take on. 

Conclusion

Among the many purchases that can be made with credit, many experts say furniture should never be one of them. 

Why, after all, would you buy furniture on a credit card and, after all the interest is accrued, end up paying more for the furniture than you would have if you just paid cash? This is solid advice: Never buy anything on credit that you can’t afford or pay off quickly and without accruing interest.

From cash back rewards to 0% introductory APR, though, we’re here to say a furniture purchase on a credit card can be a good idea. It’s like a no-interest loan with the potential for a pretty significant amount of cash back in your pocket, whether that furniture is for your home, your office, or your home office.

To take advantage of these benefits, we recommend the following three credit cards for buying furniture:

Offering the best combination of low introductory APR and cash back rewards, these credit cards prove that a carefully planned furniture purchase on a credit card can be a good idea, paying dividends on travel, gas, and other personal and business expenses, amounting to what’s in effect a no-interest loan on the purchase. 

All credit card purchases should be carefully planned for, whether that’s a purchase for the home or for a business. Once carefully budgeted for, though, it can be beneficial to buy furniture with a credit card.