Shopping & Gifts

Best Furniture Financing Options in Chicago & Indianapolis: Cash, Store Credit Card, or The RoomPlace Credit Card?

While many furniture stores in the Chicago and Indianapolis regions offer furniture financing options, it’s important to be aware that not all options are created equal. The most common forms of furniture payments include: credit card, store credit card, and cash. Read below to see the pros and cons of each.

Pay with cash: This is a good option if you are able to front the cash while making your purchase. Some people prefer to not have monthly payments, but the downside of paying in cash is that you are out a significant chunk of money that you can be using towards your other expenses. This is where using zero interest payment options to spread out your payments to several months is helpful because it does not affect your monthly budgeting as much as a one-time payment.

Pay with your credit card: If you have the credit limit to charge a furniture purchase on your credit card that may be a good option for you. Some people prefer to earn rewards points with their credit cards, but traditionally speaking, interest rates on payments can add up if you cannot pay the cost of your purchase that month.

Pay with a private furniture store credit card: Furniture store credit cards usually offer 0% interest financing for several months to a few years which you cannot usually get from a rewards credit card or debit card. For example, a store might offer a 12 month financing with 0% interest and no down payment on a minimum purchase price of $1,500. Meaning if you pay off your purchase in 12 months, you will not accrue any interest, which can be a great deal. The challenge is making sure you create a payment that you are comfortable with in order to pay often the amount in the long run.

At The RoomPlace, we believe that you shouldn’t have to wait to get your dream room, and that you should receive it from a company that believes in transparency. That’s why we’re proud to introduce the “Yes You Can,” a program designed to make the buying process more manageable for our customers. For $25 a month, you can get that modern living room set or embrace your traditional style with a rich oak bed. With thousands of carefully curated and crafted pieces, we’re proud to be your resource for your home furnishing needs.

When you use our credit card to finance your furniture, you can enjoy interest-free financing for up to 24 months with little to no down payment. We’ve also created a convenient online account to make bill paying simple and straightforward. Check out our frequently asked financing questions on our customer financing resource.

With the right research and financing plans, you won’t have to compromise quality for affordability. If you’ve been wondering how to pay for furniture without breaking your budget, then we have the solution. Go ahead and say it: “Yes You Can!”

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