Levin Furniture Credit Card Application Is Easy Bait

Posted by CreditCardGuru

Some family of mine in Ohio recently moved into a bigger house and of course, that means it’s time for furniture shopping!

So that involved swinging by a Levin Furniture location to price out a living room set while visiting them. It always amazes me how sales reps are so eager to offer you their store’s financing application. While the Levin credit card is not inherently worse than most other stores, I’ll say it again because so many people still don’t understand that this easy bait is a hook, line and sinker.

Issued by WFFNB or GE Capital or Comenity? Same difference

Previously the Levin Furniture card was issued by World Financial Network Bank (WFNNB) but around 2010, they switched over to GE Money… different company, same difference. T0 makes things even more confusing, in 2012 they switched to back to WFNNB (who now operates under the name Comenity).

For 2013 the APR on this card is ridiculous. Just how bad is it? 24.99%

Yes, that’s right… almost 25% when I looked. The fact that most store cards have rates in the 20’s is bad enough, but almost 25% credit card interest on a big ticket furniture purchases is brutal.

Levin’s 0% promotional offers? Be careful

I know what you’re thinking: “I don’t care if it’s 24.99% because I will be getting a 0% promotion.”

But here’s why you need to care: The 0% promotion that GE Money offers on this card requires payment in full before the time is up to avoid interest.

Levin Furniture complaint

For example if it is “no interest if paid in full within 36 months” what that actually means is that the only way there is no interest is if you pay it all off during that time. And if you don’t? Well prepare for pain. I’m talking brutal gut-wrenching pain. Why? Because the accrued interest from day one will be added on if it’s not 100% paid off in time.

In other words, if there’s a shadow of a doubt you can’t pay before the time is up, then you shouldn’t bite the bait. The application may be easy, but it’s not worth it. Plain and simple.

Can you qualify for something better?

If you can get something better, then there’s no point in risking it with these types of “no interest if paid in full” offers. Go with a major credit card that doesn’t do that.

Last updated for 2013


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2 comments... read them below or add your own

  1. aileen bunce December 3, 2014 at 11:39AM

    DO NOT FALL FOR THEIR PROMOTIONS, NOR THEIR FURNITURE. ALL ARE TERRIBLE. IT IS NOW DECEMBER 3RD, I AM WAITING FOR A “REPLACEMENT” TOP FOR THE DEFECTIVE COFFEE TABLE PURCHASED IN JUNE-6 MONTHS AFTER I PURCHASED THE FURNITURE-NO YOU DO NOT GET A NEW PIECE OF FURNITURE, THEY REPLACE THE “DEFECTIVE” TOP. THE ENTERTAINEMENT CENTER ALSO HAS A DEFECT. I AM TOLD I AM PLACING “CAUSTIC” MATERIELS/PIECES ON TOP OF THE FURNITURE-LIKE MY MAIL, MY DVD PLAYER, MY CABLE BOX. THEY WILL SEND SOMEONE OUT TO “REMOVE” THE MARKS LEFT ON THE $1200 PIECE OF FURNITURE BY MY “CAUSTIC” CABLE BOX. I AM BEGGING ALL OF YOU, SPEND A FEW DOLLARS MORE-HONESTLY, JUST A FEW DOLLARS, TO GET QUALITIY PIECES AT PLACES SUCH AS ETHAN ALLEN, MACYS, ETC. I WILL NEVER MAKE THIS MISTAKE AGAIN-I HAD NOT PURCHASED FURNITURE IN > 10YEARS, I FELT I WAS ENTITLED TO SPEND $3500 ON NEW FURNITURE-ONE OF THE BIGGEST MISTAKES I HAVE EVER MADE. YOUR SALES PERSON MAY BE GREAT, BUT THEY CAN DO NOTHING ONCE YOU SIGN ON THE LINE. THE PROMOTION IS ALSO THE WORST, IF YOU ARE $1 SHORT YOU WILL PAY 25% INTEREST. I QUALIFIED FOR 0% INTEREST FOR MY CAR, BUT LEVIN’S INTEREST IS BRUTAL-25%. THEY DIVIDE UP YOUR PURCHASES SO THEY END AT DIFFENENT TIMES, SO YOU THINK YOU ARE PAYING TO AVOID THE INTEREST, BUT THEY “WIGGLE” SOMETHING ELSE IN AND WOW YOU ARE IN BIG TROUBLE. YOUR FURNITURE DOESN’T FIT-OH WELL PAY ANOTHER $65 DELIVRY FEE FOR A LOVE SEAT, IT COST THE SAME PRICE AS THE SOFA THAT DID’NT FIT BUT THAT PIECE FALLS INTO ANOTHER “INTEREST FREE” CYCLE. ALL KIND OF ANGLES-PLEASE BE AWARE OF THIS COMPANY. NO HELP TO BE FOUND, NO MATTER WHERE YOU SEARCH-CUSTOMER SERVICE, MANAGEMENT, CREDIT DEPT. RUN TO ANOTHER STORE…

  2. DOLORES May 6, 2013 at 2:44PM

    I wonder if I would qualify

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