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RC Willey Store Card - Update: Approved

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Valued Member

RC Willey Store Card - Update: Approved

We close on a house this week. After the keys are in our hand and the loan is funded we are thinking of going to RC Willey for furniture and appliances. I heard they have up to 18mos interest free.
Has anyone had any experience with them? Data points?
Thanks!

 

Mod note:  I've updated your subject to reflect your approval; feel free to change/edit if you would like.  --UB

Current FICO 8
(03/19)TU-743 EX-691 EQ-675
Starting FICO 8
(12/17)TU-613 EX-634 EQ-616
Current Mortgage Scores
(2/19)TU- 703 EX-683 EQ-681
Starting Mortgage Scores
(10/18) TU-638 EX-654 EQ-649
Message 1 of 12
11 REPLIES 11
Super Contributor

Re: RC Willey Store Card

In the fine print, is this deferred interest? If so, you have to pay every last penny off prior to that expiration date.

If you leave anything owing all the deferred interest comes due again.
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 2 of 12
Valued Member

Re: RC Willey Store Card

It is deferred-interest. The plan is to get the 18 months interest-free but pay it off in less than 12 months to save some cash reserves. I have Care Credit so I am quite familiar with the deferred-interest game.
Does anybody have a RC Willey card and any data points they can share? Customer service told me they usually pull Equifax but sometimes Experian.
Current FICO 8
(03/19)TU-743 EX-691 EQ-675
Starting FICO 8
(12/17)TU-613 EX-634 EQ-616
Current Mortgage Scores
(2/19)TU- 703 EX-683 EQ-681
Starting Mortgage Scores
(10/18) TU-638 EX-654 EQ-649
Message 3 of 12
Moderator

Re: RC Willey Store Card


@SLR13 wrote:
It is deferred-interest. The plan is to get the 18 months interest-free but pay it off in less than 12 months to save some cash reserves. I have Care Credit so I am quite familiar with the deferred-interest game.
Does anybody have a RC Willey card and any data points they can share? Customer service told me they usually pull Equifax but sometimes Experian.

Had an RCW account, opened it in 02 after a home purchase, pulled EX, had BK7 on file from 96, multi IIBs, rest of file at time was clean with heavy utilization reporting.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 4 of 12
Valued Member

Re: RC Willey Store Card

Not sure about RC Willey's but I went to Ashley.  Not sure if they are available in your area but depending on what you spend they were having up to 5 years deferred interest.  The furniture quality seems to be about the same.  Just a suggestion.

Message 5 of 12
Valued Member

Re: RC Willey Store Card

There is an Ashley Furniture here. It's back by synchrony. I'll look into it. Thanks.
Current FICO 8
(03/19)TU-743 EX-691 EQ-675
Starting FICO 8
(12/17)TU-613 EX-634 EQ-616
Current Mortgage Scores
(2/19)TU- 703 EX-683 EQ-681
Starting Mortgage Scores
(10/18) TU-638 EX-654 EQ-649
Message 6 of 12
Valued Member

Re: RC Willey Store Card

Also doesn't hurt if you are buying a lot (I furnished a full house) I asked the best deal they could do.  They offered me 50% off my the full price and 1 year deferred interest and that is what I did.  I ended up getting $16000 in furniture for $8000 and 1 year deferred which works as I will have it paid in a few months.  Doesn't hurt to ask.

Message 7 of 12
Highlighted
Valued Member

Re: RC Willey Store Card

They pulled Experian. My score was 691. Approved for $4000. I got the furniture I wanted.
I went to Lowe's (store card) to get a refrigerator and they pulled Experian also. I was expecting TU. Poor Experian took a hit tonight.
Current FICO 8
(03/19)TU-743 EX-691 EQ-675
Starting FICO 8
(12/17)TU-613 EX-634 EQ-616
Current Mortgage Scores
(2/19)TU- 703 EX-683 EQ-681
Starting Mortgage Scores
(10/18) TU-638 EX-654 EQ-649
Message 8 of 12
Valued Contributor

Re: RC Willey Store Card


@SLR13 wrote:
They pulled Experian. My score was 691. Approved for $4000. I got the furniture I wanted.
I went to Lowe's (store card) to get a refrigerator and they pulled Experian also. I was expecting TU. Poor Experian took a hit tonight.

Congrats on the approval. Also, it seems many creditors really are taking a huge liking to Experian lately.




FICO 8 Scores
As of 3-1-19
As of 3-1-19
As of 3-1-19
Message 9 of 12
Valued Member

Everyones pulling Experian!

We just closed on a house so I applied for credit to purchase appliances, etc... I applied for certain credit cards based on who they usually pull hoping to spread out the hard pulls over the three bureaus. That did not happen. They all pulled Experian.
Lowes store card (I thought they'd pull tu)
RC Willey
Discover It Chrome (ex & eq)
DCU (auto loan ex & eq)
Time to leave Experian alone.
Current FICO 8
(03/19)TU-743 EX-691 EQ-675
Starting FICO 8
(12/17)TU-613 EX-634 EQ-616
Current Mortgage Scores
(2/19)TU- 703 EX-683 EQ-681
Starting Mortgage Scores
(10/18) TU-638 EX-654 EQ-649
Message 10 of 12