What we love about Ashley Advantage Card

If you plan to buy some furniture and you like Ashley Homestore, the Ashley Advantage™ Credit Card may be a good option because it doesn't charge an annual fee and allows you to style your home and pay over time. For instance, you may qualify for a 0% APR for an introductory period of up to 72 months.

Financing options through Ashley Advantage™ Credit Card vary depending on how much you spend and whether you buy online or in-store. The offers available vary, but here is a good example of what you can expect.

• Online customers can qualify for 0% interest if you pay in full within 18 months with a minimum purchase of $999.
• If you buy online, you can also qualify for 0% interest if you pay in full within 60 months with a minimum purchase of $1,499.
• 0% interest if you pay in full within 72 months and buy in-store (qualifying purchases only).

These are great offers, but there is a big caveat to consider. Ashley Advantage™ Credit Card uses a deferred interest model. This means you don't have to pay any interest if you pay the balance in full within the agreed period. However, if you don't, you will have to pay the interest you would have incurred at the regular APR retroactively. This means your 0% APR can quickly become a 30% APR. Only enter these financing agreements if you are sure you can repay the debt on time.

Users with a 650 or higher credit score have a good chance of qualifying for the Ashley Advantage™ Credit Card. This card is issued by Synchrony Bank, which specializes in store-brand credit cards and cards for people with less than perfect credit. Note that although credit is an important factor, it's not the only thing Synchrony will look at when considering your application.

The Ashley Advantage™ Credit Card can also help build your credit as it reports to the three major credit bureaus — Equifax, Experian, and TransUnion.

What could Ashley Advantage Card do better?

Although there is a lot to love about this card (the 72-month 0% APR intro period stands out), there are also some important drawbacks to consider. The main disadvantages are that it has a very high APR (which can hurt if you miss a payment), and it can only be used in stores or online for Ashley HomeStore.  It's also worth highlighting how expensive the deferred interest can be if you finance a large purchase using the 0% APR intro offer and miss a payment.

Ashley Advantage Card backstory

The Ashley Advantage™ Credit Card is issued by Synchrony, which provides more than 120 store-branded cards. The Ashley HomeStore chain of furniture stores includes corporate-owned stores and independently owned stores with licenses to exclusively sell Ashley Furniture products. There are over 1,000 Ashley Furniture HomeStore retail furniture stores operating worldwide. 

The Verdict

If you are a frequent customer of  Ashley Homestores and are interested in financing your purchases with a 0% APR, you should consider this card, especially if you have less than great credit and don't qualify for other 0% APR intro offer cards. You can get up to 6 years to pay off large purchases, which is probably the longest 0% APR intro offer we have seen. However, make sure you are confident you will not miss any payments, or you will have to pay 29.99% APR instead.