What Credit Score Is Needed for a Wayfair Credit Card?

Getting approved for a Wayfair Credit Card can be a great way to finance furniture and home goods purchases But like any credit card, approval requires meeting the issuer’s credit standards. So what credit score do you need to get a Wayfair card?

Overview of Wayfair Credit Cards

Wayfair offers two different credit cards:

• The Wayfair Credit Card (Mastercard)
• The Wayfair Store Credit Card

Both cards are issued by Citibank and can be used for purchases on Wayfair’s family of sites Wayfair, AllModern, Birch Lane, Joss & Main, and Perigold

The main differences are:

• Wayfair Credit Card – Can be used anywhere Mastercard is accepted, better rewards
• Wayfair Store Card – For use only on Wayfair sites

When you apply, you may be approved for one or both cards based on your credit.

What Credit Score is Needed?

You only need a fair credit score of 640 to get the Wayfair Store Card, which is easier to get.

The Wayfair Credit Card requires good credit, 700+.

This is based on feedback from cardholders on credit score needed for approval. Here are some data points:

• User approved with a 635 FICO score
• Suggested mid-600s FICO score should be approvable
• Recommended checking for pre-approval above 650 FICO score

So while it’s possible to get approved with a score in the mid-600s, your best approval odds come with a 700+ FICO score.

How Credit Score Affects Your Credit Limit

Higher credit scores also mean higher credit limits. Based on your credit score, the Wayfair card’s first credit limit is usually between $500 and $2,000.

For example, users have reported getting:

• $500 limit with 635 FICO score
• $1,000 limit with 700+ FICO score
• $2,000 limit with 760+ FICO score

So the higher your credit score, the more initial purchasing power you’ll have.

Other Factors in Wayfair Credit Card Approval

Your credit score isn’t the only factor that determines whether you’ll get approved for a Wayfair Credit Card. Here are some other aspects lenders consider:

Credit history length – The longer your history, the better. At least 3 years of credit history is recommended.

Credit mix – Having experience with different types of credit (credit cards, loans, etc) helps.

Income – Your income needs to be high enough to support the credit limit requested.

Existing credit card balances – Lower balances compared to limits help approval odds.

Recent credit inquiries – Too many new credit applications can lower approval chances. Keep hard inquiries limited.

Debt-to-income ratio (DTI): The amount of money you make each month compared to how much debt you have. DTI below 30% improves approval odds.

So having a solid credit score in the 700s is a good starting point for Wayfair card approval, but these other factors come into play as well.

Tips for Getting Approved

If your credit score is currently below 700, here are some tips that may help your chances of getting approved down the road:

• Pay all bills on time – Payment history is the biggest factor in your credit scores. Develop a track record of consistent on-time payments.

• Lower credit utilization – Try to keep balances low compared to limits, below 30% if possible. Consider paying down balances before applying.

• Limit new accounts – Too many new accounts can raise denial risks. Try holding off on new credit for 6 months to a year before applying.

• Check your credit reports – Make sure there are no errors negatively impacting your scores. Dispute any incorrect information.

• Become an authorized user – Getting added as an authorized user on a spouse or family member’s old credit card account can help build your score.

• Improve credit mix – Applying for a secured credit card or small installment loan can help diversify your credit types.

Give yourself at least 6 months focusing on positive credit behaviors before reapplying for a Wayfair Credit Card. This can help bump your credit high enough to meet approval requirements.

Checking Your Credit Score

Checking your credit score is easy with sites like WalletHub and Credit Karma providing free access to your latest scores.

You can also purchase your FICO Scores directly from MyFICO.com or via sites like Experian and TransUnion. Your FICO Score 8 is a good indication of what a lender like Wayfair will see.

Monitoring your scores over time gives you an idea of when your credit health may be good enough for credit card or loan approval.

Pre-Qualifying Can Help Avoid Denials

One final tip – before formally applying for a Wayfair Credit Card, try the pre-qualification process on their site first.

This “soft check” gives you an idea of whether you’ll be approved without impacting your credit:

• Pre-qualified – High likelihood of approval
• Pre-approved – Guaranteed approval

Pre-qualifying also lets you see what credit limit and APR you may be offered. If the terms look good, you can proceed to the full application with confidence.

The Bottom Line

A credit score of 700 or higher gives you the best approval odds for the Wayfair Credit Card. Excellent credit (750+) should nearly guarantee approval.

Fair credit in the mid-600s may work for the Wayfair Store Card, but less than 640 will be challenging. Improving your credit score and history before applying can set you up for success.