Hardwood flooring retail Lumber Liquidators, in partnership with Synchrony Bank, that allows you to buy flooring on credit and pay no interest — provided you pay off your balance in time. (If you don’t pay in time, that’s when the trouble starts.) Our overview / review of the Lumber Liquidators credit card is below:
Before we talk about the 0% offer, we’d like you to understand this important thing about the Lumber Liquidators credit card: it is only accepted by Lumber Liquidators & can not be used at any other store. Our advice is to think twice before you take on a new line of credit that has such limited usefulness, especially if your past credit history is at all shaky.
That said, financing your flooring at a 0% rate could be reason enough to go ahead and get the card. The promotional offers change from time to time, but usually you can get no-interest financing for at least 6 months and sometimes up to 24 months on your flooring purchase with the card.
But… you need to understand exactly how these offers work. If you fail to pay off every last cent of your Lumber Liquidators purchases within the promotional period, you will be charged interest from the date of purchase on the complete purchase price — as if the 0% offer had never even existed! Even if you only owe $20 out of a beginning $4000 balance, you’d get hit with all of the interest on the full $4000.
And the interest rate you’d pay? 29.99%!!!! As you can see, you really get punished if you mess up. So, be careful.
There is no reason to apply for the Lumber Liquidators credit card until you’re actually ready to make a purchase, but if for some reason you gotta have it now, there is .