Owning a credit card has practically become a necessity these days. When you want to purchase specific brands or products and don’t have the available cash to do so, having one can come in handy. The Restoration Hardware Credit Card is offered through Comenity Bank, which is recommended as a credible and competent financial institution. If you’re considering signing up for a RH credit card, here are ten benefits of ownership.
1. Promotional incentive
Upon your approval for a Restoration Hardware credit card, there is no interest for the first twelve months. This allows you to make purchases and pay off the amount charged to the card without interest, as long as it’s paid within one year of making the purchases. This eliminates any confusion about how much is owed and makes the accumulated debt from purchases easier to pay off.
2. Customized financing option
Restoration Credit card holders can choose the financing option that best meets their personal needs. After the initial promotion period, you can opt to take an option that allows you to stretch the payments out for 121 months, 24 months, 36 months, 48 months or 60 months. This makes it easier for customers who are on tight budgets to purchase the home restoration and improvement items that are needed while making low and budget friendly payments when this option is preferred.
3. Low APR
Restoration Credit through Comenity Bank offers a low APR in their financing programs. When customers choose to repay within 12 months, after the initial promotional offer, the APR is just 2.99%. It goes up to 3.99% the 24 month financing plans, 4.99 for 36 months, 5.99% for 48 months and 6.99% for a 60 month financing plan. These are among the lowest rates out there and this is a substantial benefit.
4. It is specific for household items
The Restoration Hardware credit card is a benefit for financing specialty items only. It is a solution for card holders who need to purchase house wares, furniture, and there are even materials for home improvement available with the card. It is an excellent option for anyone who has home improvement projects that they need to finish, but may not have the available cash. This offers a convenient way to get to those jobs that have been put on hold because of a lack of finances with its convenient repayment plans.
5. There is no annual fee
This is yet another of the many benefits of owning a Restoration Hardware credit card. While many of these specialty credit cards assess an annual fee just for the privilege of owning them, Comenity bank does not require a yearly fee.
6. The card offers high limits
We all know that home improvement materials can be expensive wherever they are purchased. The Restoration Hardware card offers credit limits that are up to $30,000, but there is no minimum purchase required for using the card. If your projects are small, or if you want to make smaller purchases, this is allowed with no penalties. You get a standard revolving line of credit with the Restoration Hardware credit card.
7. No long waiting periods
Some credit card companies make you go through an extended waiting period prior to approval. Comenity bank is much like the others because they must verify your information prior to determining your credit eligibility, but once your account is approved, your card is valid immediately. The hard copy is sent out to you via the United States Postal Service, but when selecting the online option for receipt of your account number, you can use this information to begin using the card immediately, before it even arrives.
8. You can manage your account online
Comenity Bank has made it easy for Restoration Hardware credit card holders to manage their accounts. You can view your statement online, pay a bill, update your personal information, add other people as authorized buyers on your account and even requests a credit limit increase all from the comfort of your computer or other device that allows to you get online to access your account.
9. Access to quality materials
Some card companies make offers of credit for products that are often of low or substandard quality. With the Restoration Hardware credit card, you have access to high quality housewares, furnishings and home improvement materials. You don’t have to settle for seconds when it comes to quality.
10. Freedom to choose
With the Restoration Hardware credit card, you are given multiple options for making your life more comfortable. You can pick and choose among the products that you want to purchase, with a wide selection of assorted items. You also have the benefit of choosing how you will pay for it, and affordable options for repayment on the items that are purchased. This credit card gives you so many options for making the home improvement and enhancements that you desire, that it adds an element of freedom and flexibility to your life.