Rooms to Go Credit Card – Rates, Costs, and Fees

Are you in the market for new furniture or home decor but concerned about the upfront costs? Look no further than the Rooms to Go Credit Card, a convenient financing option that can make your dream home a reality.

Rooms to Go Credit Card - Rates, Costs, and Fees

This post will walk you through the benefits, features, rates, and everything you need to know about this versatile credit card.

Benefits of the Rooms to Go Credit Card

The Rooms to Go Credit Card offers a range of advantages that make it an attractive choice for anyone seeking to furnish their living spaces without breaking the bank. Here are some of the key benefits:

  • Special Financing Promotions

One of the most significant perks of the Rooms to Go Credit Card is the availability of special financing promotions. These deals allow you to pay for your purchases over an extended period, often with no interest charged if the balance is paid in full within the promotional timeframe.

  • No Annual Fee

Unlike many other credit cards, the Rooms to Go Credit Card doesn’t come with an annual fee. This means you can enjoy the benefits of the card without incurring recurring costs, making it a budget-friendly option.

  • Building Credit

By making timely payments on your Rooms to Go Credit Card, you can build or improve your credit score. This card reports to major credit bureaus, including Equifax, Experian, and TransUnion, ensuring that your responsible financial behavior is reflected in your credit history.

Rates, Costs, and Fees

Like any credit card, it’s essential to understand the rates, costs, and fees associated with the Rooms to Go Credit Card:

  1. Annual Percentage Rate (APR): The Rooms to Go Credit Card has a variable purchase APR of up to 29.99%. This rate applies to any remaining balances after the promotional financing period ends.
  2. Fees:
  • Late Payment Fee: Up to $15
  • Returned Payment Fee: Up to $25
  • Minimum Interest Charge: $2

It’s important to note that while the Rooms to Go Credit Card doesn’t have an annual fee, the high APR and potential fees can add up if you carry a balance or miss payments. Responsible credit management is key to avoiding unnecessary costs.

The Pros and Cons of the Rooms To Go Credit Card

Pros:

  • Offers special financing promotions that allow you to pay over time with no interest if paid in full during promo period
  • No annual fee
  • Making on-time payments can help build credit history and score
  • Reports to major credit bureaus (Equifax, Experian, TransUnion)

Cons:

  • High variable APR up to 29.99% on remaining balances after promotional periods
  • Does not offer a sign-up bonus
  • No rewards program – earn no cash back, points, or other incentives
  • You don’t earn rewards on any purchases, even at Rooms To Go
  • Carrying a balance is expensive due to high APR if not paid during promo period

How to Apply for the Rooms to Go Credit Card

Applying for the Rooms to Go Credit Card is a straightforward process that can be completed online or in-store:

  1. Visit the Rooms to Go website (https://www.synchrony.com/) or speak with a sales associate at your nearest Rooms to Go location.
  2. Provide your personal and financial information, including your name, address, Social Security number, and annual income.
  3. Review and submit your application.
  4. Wait for a decision from Synchrony Bank, the issuer of the Rooms to Go Credit Card.

It’s worth noting that you’ll typically need a credit score of 650 or higher to increase your chances of approval.

How to Activate the Rooms to Go Credit Card

Once your application is approved, you’ll receive your new Rooms to Go Credit Card in the mail. To activate it and start using it, follow these simple steps:

  1. Locate the activation sticker or information sheet that came with your card.
  2. Call the provided toll-free number or visit the activation website.
  3. Follow the prompts to complete the activation process, which may involve verifying your personal information and setting up online account access.

After successful activation, you can start using your Rooms to Go Credit Card for purchases at Rooms to Go stores or online.

Rooms to Go Credit Card Login Guide

To manage your Rooms to Go Credit Card account online, you’ll need to create a user profile and log in to the Synchrony Bank website:

  1. Visit the Rooms to Go Credit Card login page (https://www.mysynchrony.com/roomstogo/).
  2. Click on the “Register” button if you’re a new user.
  3. Follow the prompts to create your online account, providing the required personal and card information.
  4. Once registered, you can log in using your username and password to view your account details, make payments, and more.

Forgotten Login Details

If you’ve misplaced your Rooms to Go Credit Card login details, don’t worry – there’s an easy way to retrieve them:

  1. Visit the Rooms to Go Credit Card login page (https://www.mysynchrony.com/dro/roomstogo/).
  2. Click on the “Forgot Username” or “Forgot Password” link, depending on which information you need to recover.
  3. Follow the on-screen instructions to reset your login credentials securely.

Remember, for security reasons, you may need to provide additional information to verify your identity before resetting your login details.

How to Make Payments on the Rooms to Go Credit Card

Staying on top of your payments is crucial to avoid late fees and maintain a good credit standing. Here are the various ways you can make payments on your Rooms to Go Credit Card:

  • Online: Log in to your Rooms to Go Credit Card account on the Synchrony Bank website. And make a payment from your checking or savings account, or using another credit or debit card.
  • By Phone: Call the Rooms to Go Credit Card customer service number at 1-866-664-0968 . And follow the prompts to make a payment over the phone.
  • By Mail: Send a check or money order to the payment address provided on your monthly statement. Making sure to include your account information.
  • In-Store: Visit any Rooms to Go location and make a payment with cash, check, or credit/debit card.

Remember, it’s always a good idea to pay more than the minimum amount due to reduce interest charges and pay off your balance faster.

How to File a Dispute or Reporting a Lost or Stolen Card

If you need to dispute a charge or report a lost or stolen Rooms to Go Credit Card, you can contact customer service for assistance.

Rewards and Cash Back

Unfortunately, the Rooms to Go Credit Card does not offer a rewards or cash back program. Its primary purpose is to provide flexible financing options for your Rooms to Go purchases.

How to Close an Account

If you decide to close your Rooms to Go Credit Card account. You can do so by contacting customer service and following their instructions. However, ensure that you’ve paid off any remaining balances before closing the account.

Is It Any Good?

The Rooms to Go Credit Card can be a good option for those looking to finance furniture. And home decor purchases from Rooms to Go without having to pay the full amount upfront. Its main strengths lie in the availability of special financing promotions and the absence of an annual fee.

It’s important to note that the card has a relatively high APR of up to 29.99%, which can make carrying a balance expensive. Additionally, its lack of a rewards program means you won’t earn cash back or points on your purchases.

The Rooms to Go Credit Card can be a useful tool if you plan to take advantage of the financing offers. And pay off your balance within the promotional period. If you’re someone who frequently carries a balance or prefers earning rewards. You may want to explore alternative credit card options.

Conclusion

The Rooms to Go Credit Card is a valuable tool for anyone looking to furnish their home without the financial strain of a significant upfront cost. With its special financing promotions, no annual fee, and credit-building opportunities, this card offers a convenient and budget-friendly solution.

Remember to carefully review the rates, costs, and fees. And practice responsible credit management to make the most of this financing option.

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