La-Z-Boy Financing: What to Know
High-quality furniture sold by La-Z-Boy and other major retailers can be expensive. Saving up in advance is the best choice, but you do have other ways to pay. With La-Z-Boy financing, their store credit card is the main option, although you could also consider alternatives.
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La-Z-Boy Furniture Galleries credit card
La-Z-Boy partners with Synchrony Bank to offer deferred-interest furniture financing through a store credit card. The La-Z-Boy Furniture Galleries credit card can be used to pay for qualifying furniture purchases with a no-interest financing offer, as long as payments are made on time.
| Standard purchase annual percentage rate (APR) | 29.99% ($2 minimum interest charge) |
| Where it can be used | Only at La-Z-Boy (both online and in-store) |
| Special financing* | 0% interest for 12 months (requires equal monthly payments for 12 months; minimum purchase amount may apply) |
You can apply online or at a La-Z-Boy store location for this branded credit card. Still, you might ask what you would need to qualify for La-Z-Boy financing. Getting the card is subject to credit approval, but store credit cards are usually easier to obtain than a typical bank card — so you should have a little more leeway in terms of your credit history.
La-Z-Boy financing alternatives
If you want to purchase La-Z-Boy furniture and need financing that differs from the store’s credit card above, you have other options.
Personal loans
A personal loan can be used for virtually anything — including buying furniture. Many lenders even offer personal loans for specific needs, like home improvement loans. Plus, most personal loans are unsecured, so you won’t need collateral to be eligible, though you’ll still be subject to credit approval.
Borrowers will usually need an excellent credit score and low debt-to-income ratio to qualify for the lowest possible APRs, although personal loans for bad credit are also available.
Most lenders let you prequalify for a loan, which checks your eligibility and potential terms without hurting your credit. However, you will need to submit to a hard credit check when you formally apply for the loan.
0% APR credit cards
If you have strong credit, another alternative is to apply for a credit card with an introductory 0% APR period. This type of credit card lets you avoid interest charges for a limited time — sometimes as long as 21 months — after opening up the account. The card’s standard APR will apply after the intro period is over.
This financing option is ideal for shoppers who can repay their balances in full on time, or even ahead of schedule. However, credit cards have high interest rates that can quickly increase your balance, so it’s also important to be aware of your spending habits if you use the card after the 0% period ends.
Buy now, pay later
Yet another option for La-Z-Boy financing is to spread your payments out over time with a buy now, pay later (BNPL) plan. Companies offering BNPL financing, such as Affirm or Klarna, may have different options and terms, and many of those are interest-free.
Some of the most common forms of BNPL include:
- Pay in 4: Splitting your payment up into four installments, typically over six weeks.
- Pay in 30 Days: Having a month to pay off your purchase.
- Monthly installments: This option works much like a personal loan with typical monthly bills to fund your purchase. You may need to pay interest.
Paying in cash
Further, you can budget before you shop and pay in cash if you want to avoid an ongoing bill for your La-Z-Boy furniture, or if you simply prefer a debt-free lifestyle. You may need to wait a bit longer for your La-Z-Boy furniture, but this route will help you avoid accumulating debt for your purchase.