Wayfair Financing Options: Which Is Best?
- Wayfair partners offer four different ways to spread out your purchase: credit cards, buy now, pay later apps, installment loans and lease-to-own programs.
- Whenever possible, only use Wayfair financing if you’re offered an interest-free plan and are sure you can pay it off during the promotional period.
- If you only qualify for a plan that charges you fees or interest, consider other ways to finance furniture.
Wayfair financing options
| Best for | Provider | Amount | Time | Cost | |
|---|---|---|---|---|---|
| Wayfair Credit Card or Wayfair MasterCard | Frequent Wayfair customers | Citi Bank | Starting at $199 — Starting at $1,599 | 6 – 24 months for no interest — 36 – 60 months for 9.99% promotional interest | $0 in interest if you pay during promotional period, then 34.24% APR (variable) — 9.99% APR if you pay during promotional period, then 34.24% APR (variable) |
| Buy now, pay later for Wayfair | Small Wayfair purchases | Klarna, Cash App Afterpay | $10 – $5,000 | 6 weeks | $0 in interest charges if you pay in 6 weeks |
| Installment loans for Wayfair | Large Wayfair purchases | Affirm, Bread Pay | Starting at $30 | 3 – 48 months | 0% – 36% depending on credit |
| Lease to own for Wayfair | Last resort | Acima, Katapult | Not specified | 12 – 18 months | More than the cash price of your Wayfair purchase |
Wayfair credit cards: Best for frequent Wayfair customers
- Finance your Wayfair purchase with a 0% interest intro offer. You can use the Wayfair Credit Card or Wayfair Mastercard to spread out the cost of your Wayfair purchase for free over 6 to 24 months. After that, you’ll pay a 34.24% variable APR on any amount you still owe.
- Get rewards. When you open the card, you’ll get a free Wayfair Rewards membership and perks like free shipping and 5% to 7% back on every Wayfair purchase.
- Best for repeat customers. You can use your Wayfair credit card to finance other Wayfair orders in the future, or just use it to earn rewards points back on Wayfair purchases.
- Steer clear if you need more than 24 months to pay or don’t regularly shop at Wayfair. Need more than 24 months? Check out other ways to pay. Not a Wayfair regular? Try an installment loan — it’s not worth taking out a credit card to finance a one-time purchase.
Learn more about the best credit cards for large purchases, or apply for a Wayfair credit card on the Wayfair website.
Buy now, pay later: Best for small Wayfair purchases
- Spread out payments for free. Both Cash App Afterpay and Klarna allow you to pay for your Wayfair purchase in four equal installments over the course of six weeks without paying a cent of interest (as long as you pay on time).
- Best for small Wayfair purchases you can pay off quickly. You can only borrow up to $4,000 with Cash App Afterpay and $5,000 with Klarna. If you don’t make payments in full within the six week period, you may owe late fees — so make sure you can make your payments in full.
- Steer clear if you need more than six weeks to pay off your purchase. If that’s the case, check out installment loans or Wayfair credit cards.
Learn more about buy now, pay later apps. To use Cash App Afterpay or Klarna on your Wayfair purchase, just add the item to your cart and choose Afterpay or Klarna in the payment options.
Installment loans for Wayfair
- Spread out payments potentially for free. If you qualify, you can spread out your Wayfair payments over six to 24 months interest-free with Bread Pay. You can spread out your payments longer with both Bread Pay and Affirm, but you’ll pay money in interest.
- Best for large, one-time Wayfair purchases. This option is best if you have an expensive Wayfair order but don’t order from Wayfair frequently enough to justify getting a Wayfair credit card.
- Steer clear if you need more than 24 months to pay off your Wayfair order or if you’re a regular Wayfair customer. If you need more time, consider other ways to pay for Wayfair. Frequent Wayfair customers should check out the Wayfair credit cards.
Learn more about installment loans on the Wayfair website. You can see if you’re eligible without taking a hit to your credit.
Lease to own for Wayfair
- Spread out payments — for a cost. Wayfair doesn’t specify how much the lease-to-own programs cost, but it partners with Katapult and Acima to offer customers with low credit scores the option to lease furniture for 12 to 18 months while making payments.
- Best for when you don’t have other options. Since you’ll be paying more than the cost of the Wayfair purchase in order to take advantage of this offer, it’s best to choose another option whenever possible.
- Steer clear if you can. If you have bad credit and no other options, save up to pay for your purchase with cash or find home goods elsewhere.
Other ways to pay for Wayfair
0% intro APR credit card
In general, furniture financing is only a good idea if you can do it interest free — like with a 0% intro APR credit card. You’ll need good or excellent credit to qualify for the card, but as long as you pay off your Wayfair order within the promotional period (typically 12 to 24 months), you won’t owe any interest on your purchase.
Pay with cash
Saving up money to make your Wayfair purchase with cash will take longer than many of the other methods on this list, but it has the benefit of not straining your budget.
Taking out loans — even short-term ones with buy now, pay later apps — can lead to a cycle of debt where you take out more loans to pay for the previous ones.
Find home goods elsewhere
There are ways to find your favorite Wayfair items elsewhere — potentially for a much lower price tag.
Go to Facebook Marketplace or Craigslist and search the local listings for the item you’re looking for. If you don’t have luck when you search using the item’s particular name, search by broader terms like “gray Wayfair couch” or “Wayfair standing desk.”
Do a reverse image search to see if another online store is selling the exact same item for cheaper.
Frequently asked questions
Yes, Wayfair partners with companies that offer pay in four and installment loans that you pay back over time.
Wayfair and its partners don’t specify a minimum credit score to borrow money for Wayfair purchases. The better your credit, the more likely you are to qualify for cheap or no-interest financing options. Learn how to improve your credit score fast.
Yes, Wayfair currently partners with Klarna and Cash App Afterpay to offer buy now, pay later for furniture financing.
Yes, you can use Cash App Afterpay to pay for your Wayfair purchase in four installments.
The information related to the Wayfair Credit Card and Wayfair Mastercard® has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
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