By Adam Jusko, ProudMoney.com, email@example.com
Wayfair offers two credit cards (in partnership with Citibank) that you could potentially be approved for. There is the Wayfair Mastercard that can be used anywhere that Mastercard is accepted. And then there is the Wayfair credit card (sometimes thought of as the Wayfair store card) that is only accepted at Wayfair. When you apply for a Wayfair credit card, you do not choose between the two. Instead, you are first considered for the Mastercard, and then considered for the store credit card. Depending on your credit history, you may get your choice of either card, or you may only be offered the Wayfair store card. (You also could be declined for both cards.)
Wayfair, like many retailers, is motivated to get its credit card in consumers’ hands. This means it is likely easier to be approved for a Wayfair credit card than for a bank credit card from one of the major card issuers.
Wayfair Mastercard Approval Odds / Credit Score Needed
Those with higher credit scores are likely to be approved for the Mastercard. What’s a “higher credit score”? Probably about 650 or above. If you’re above 650, your approval odds for the Mastercard are high. If you’re declined at a score of 650 or above, you’re still almost assured of being approved for the Wayfair credit card that is accepted only at Wayfair.
Obviously if you are under a 650 credit score, your odds are worse. Above a 600 credit score would give you a 50-50 chance; below 600 is unlikely to be approved for the Mastercard.
Wayfair Store-Only Credit Card Approval Odds / Credit Score Needed
Again, a credit score over 650 would mean almost 100% odds of approval for the store-only Wayfair card. Below 650, your odds are still good for approval until you get to around a 580 credit score. Below 580, you very likely would be rejected altogether.
Note that your credit score is not the only factor in determining your odds of being approved for a Wayfair credit card or any credit card. Factors such as income, the number of recent new card accounts opened, credit card debt ratio (debt compared to total credit lines available to you), and other measures could be looked at more closely in deciding on your application.