Thinking about how to pay for your new mattress? The Mattress Firm Credit Card could be perfect for you. It gives you special financing, cool deals, and payment plans made just for buying mattresses.
Table of Content
- How does Mattress Firm Credit Card work?
- What are Mattress Firm Credit Card benefits?
- How to apply for Mattress Firm Credit Card?
- What is Mattress Firm Credit Card APR?
- Does Mattress Firm Credit Card build credit?
- Can I use Mattress Firm Credit Card elsewhere?
- What credit score for Mattress Firm Credit Card?
- How to pay Mattress Firm Credit Card bill?
- What happens if I miss payment?
- How to cancel Mattress Firm Credit Card?
- Does Mattress Firm Credit Card offer rewards?
- What is Mattress Firm Credit Card limit?
I’ve helped lots of people with financing over the years. The Mattress Firm card always comes out on top because it’s so user-friendly. Below, I’ll address 12 common questions about this credit card, sharing insights from my experience as a certified sleep consultant and financial advisor.
How does Mattress Firm Credit Card work?
This is a store credit card that helps you buy a mattress now and pay over time. You can get 0% interest for a while, so you don’t need to pay everything at once for a good mattress.
I’ve seen clients benefit from these deals, especially when they need a new mattress immediately but prefer spreading out payments. One thing to note is that interest rates can jump significantly after the promotional period ends, so it’s crucial to pay off the balance before then. Also, you can only use this card at Mattress Firm, not like regular credit cards that work anywhere.
What are Mattress Firm Credit Card benefits?
The best thing about this card? You get special financing you can’t get otherwise.
Lots of people get 0% interest for 6 months up to 4 years, depending on the deal. You also get discounts, first dibs on sales, and sometimes free shipping.
In my practice, I’ve found that clients who take advantage of these perks save hundreds of dollars. However, it’s essential to read the fine print—some promotions require a minimum purchase amount. It can help your credit if you use it right, but missing payments will hurt it.
How to apply for Mattress Firm Credit Card?
Applying for this card is easy.
Do it online or at any Mattress Firm store. You’ll need to share some basic info like your Social Security number and how much you make.
You’ll usually find out right away or in just a few minutes. In my experience, if your credit score is 640 or better, you’ve got a good shot. If you’re unsure about your credit standing, I recommend checking your score beforehand to avoid a hard inquiry if approval seems unlikely.
What is Mattress Firm Credit Card APR?
The Mattress Firm Credit Card’s APR varies based on creditworthiness and the current promotion.
You might get 0% interest at first, but after that it could be 25-30%. I tell everyone to pay it off before the promo ends, or you’ll get hit with big interest.
Say you buy a $1,500 mattress at 30% interest – that could mean hundreds extra. They’ll tell you your exact rate when you’re approved, so read everything before you say yes.
Does Mattress Firm Credit Card build credit?
Yep, this card can help your credit – if you use it right. Just like other cards, it reports your payments, how much you owe, and how long you’ve had it to the credit agencies.
I’ve worked with clients who improved their credit scores by making on-time payments and keeping their balances low. But if you max it out or miss payments, your score will drop. Want to build credit? Buy something small you can pay off during the 0% period so you don’t pay interest.
Can I use Mattress Firm Credit Card elsewhere?
Nope, this card only works at Mattress Firm – you can’t use it anywhere else. It’s not like regular credit cards that work all over.
While this limits flexibility, the card’s financing perks make it worthwhile for mattress purchases. I’ve had clients ask if they can use it for bedding or accessories—yes, but only if bought through Mattress Firm. If you’re looking for a more versatile financing option, consider a personal loan or a retail credit card with broader acceptance.
What credit score for Mattress Firm Credit Card?
You’ll usually need a credit score of about 640 or better to get this card. Some people with lower scores get approved, but they might get worse rates or smaller limits.
From what I’ve seen, if your score’s over 700, you’ll get the best deals. Score under 640? Try to boost it first or look at other ways to pay. Check your score for free online to see if you’ll probably get approved.
How to pay Mattress Firm Credit Card bill?
Paying your bill is easy.
You can make payments online through the issuer’s portal, by phone, or by mailing a check. Set up auto-pay so you don’t forget and get hit with late fees up to $40.
Some clients have asked about in-store payments—unfortunately, these aren’t accepted. Make sure your payment goes through before it’s due – sometimes it takes a few days. If you’re using the promotional financing, missing a payment could void the 0% APR offer, so staying organized is key.
What happens if I miss payment?
Skip a payment? That can cause real problems.
First, you’ll likely incur a late fee (up to $40). More importantly, if you’re on a promotional 0% APR plan, missing a payment could trigger deferred interest, meaning you’ll owe all the accrued interest from the promo period.
I’ve seen clients shocked by unexpected charges because they didn’t realize this clause existed. Late payments also hurt your credit score. If you’re having trouble paying, call them right away – they might help you out.
How to cancel Mattress Firm Credit Card?
Canceling your Mattress Firm Credit Card is done by calling the issuer’s customer service. Pay it off first – closing it with a balance can hurt your credit.
I usually say don’t cancel unless you have to – it makes your credit history shorter and reduces how much credit you have, which can lower your score. Not using it much? Maybe just keep it open and use it now and then to help your credit. Think about the good and bad before deciding.
Does Mattress Firm Credit Card offer rewards?
The Mattress Firm Credit Card doesn’t offer traditional rewards like cash back or points. The real benefit is the financing deals and sometimes discounts.
Some people wish it had rewards, but 0% interest is often worth more anyway. Want rewards? Use another rewards card for regular spending and this one just for your mattress. However, for mattress financing specifically, the Mattress Firm card’s benefits are hard to beat if you qualify for the promotional terms.
What is Mattress Firm Credit Card limit?
Your credit limit depends on how much you make, your credit score, and how much debt you have.
Most people get $500 to $5,000 – plenty for a good mattress. Great credit? You might get more.
Try to keep what you owe under 30% of your limit – it’s better for your credit. Want more credit? Ask for an increase after paying on time for a while. Just remember, you can only spend this at Mattress Firm, not everywhere.
Bottom line: This card can be a smart way to buy a mattress if you use it right. Use the 0% deals, pay when you should, and know the rules to get the most out of it. If you’re ready to upgrade your sleep experience, consider applying for the card today—just be sure to assess your budget and credit first.
