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Raymour & Flanigan is a retail store chain that primarily sells furniture and items associated with furniture. It has around a hundred stores in the United States and is a major furniture retailer in the Northeast of the United States. They sell furniture, home beautification, and improvements products, lighting appliances, outdoor furniture, décor, and kitchen utilities. It sells furniture products through its online retail website raymourandflanigan.com.
Raymour & Flanigan offers the Raymour and Flanigan credit card for in-store and online purchases. The Raymour & Flanigan credit cards are issued and maintained by the TD Bank, USA. All credit card activities are handled by TD Bank. TD Bank borrows credit reports from Experian for evaluating requests for new as well as for maintaining existing Raymour & Flanigan credit cards. They may also consider credit reports from TransUnion and Equifax for evaluating new credit cards. TD Bank will also report to the credit bureaus on behalf of Raymour & Flanigan every month.
In this article, we will go through the requirements needed for availing of a Raymour & Flanigan credit card, how to apply for the card, and the credit evaluation process used by TD Bank. We will also discuss the pros and cons of Raymour & Flanigan credit cards. Finally, we will answer some questions asked frequently by customers.
Requirements for a Raymour & Flanigan Credit Card
The following is the list of requirements that applicants who want to get approved for a Raymour & Flanigan card must have:
- The applicant must be at least 18 years or older (At least 19 years or older in the state of Alabama).
- The applicant must have a valid shipping address in the United States. P.O. box addresses are not considered valid.
- The applicant must provide a valid government-authorized photo ID.
- The applicant must provide their credit history and details.
- The applicant must provide a valid social security number.
- The applicant must provide a valid state license and driver’s license.
- The applicant should have a positive credit report from the credit bureau being used.
- The applicant must have at least a fair credit score or higher (640 or higher).
Candidates who can provide the necessary documents and meet the above criteria are very likely to get approved for a Raymour & Flanigan credit card. It is not necessary to have a credit score of 640 or higher because applicants with lower credit scores have also been approved for Raymour & Flanigan credit cards.
Applying for a Raymour & Flanigan Credit Card
Applicants can follow the steps that are given below when applying for a Raymour & Flanigan credit card:
- Visit the official website of Raymour & Flanigan: raymourandflanigan.com.
- Click on the apply now option and agree to the privacy policy. At the bottom of the page, you will see another apply now option. Click on that option.
- You will be redirected to an online application form. Fill it out carefully.
- After reading the terms and conditions and checking the box, review your application form.
- If all the details have been filled out carefully, enter submit.
You will be notified about your application soon. Alternatively, you can visit a local Raymour & Flanigan store and ask about the application for a credit card as well.
Credit Evaluation Process for Raymour & Flanigan Credit Card
The TD Bank, on behalf of Raymour & Flanigan, evaluates credit card applications. The bank follows the standard evaluation process used by other major banks and credit unions. TD Bank generally pulls credit reports from Experian. They may also go through reports made by TransUnion or Equifax if necessary. The reports contain details of customers’ credit cards. The card usage, payment history, billing history, dues left, customer’s account balance, and credit limits are some of the factors that determine the credit report. It is necessary to have a positive report be approved for a credit card by TD Bank.
TD Bank also reports its customers’ credit card usage history to the three unions. They report to the credit bureaus at the end of each month, typically after the billing period has ended. Existing cards are then evaluated and any changes to the credit lines are reflected at the start of the new month. If a customer has just received their credit card from TD bank, it will not have any updates on it.
TD Bank and Raymour & Flanigan do not disclose their credit evaluation process to the public. The minimum credit score needed for getting a Raymour & Flanigan credit card is speculated to be around 640 but applicants with lower scores have also been approved for their credit cards. The important things are that the applicant should have a positive credit report and a decent credit score.
Pros and Cons of Raymour & Flanigan Credit Cards
The following are the pros and cons of Raymour & Flanigan credit cards:
Pros
- Multiple financing options are available to the cardholders.
- No annual fees are needed for these cards.
- These cards offer zero-interest periods to their holders as well.
- Promotional offers are given to cardholders.
Cons
- They charge a high APR.
- No reward points system for customers shopping at Raymour & Flanigan.
- No bonus rewards are offered either.
- To get financing options, the cardholder must make a minimum purchase that can range between $600 and $6000.
Conclusion
The Raymour and Flanigan credit card is issued through TD Bank. TD Bank takes credit scores from Experian and reports to the credit bureaus each month so that the credit information of the cardholders stays relevant and updated. The card has various benefits like zero-interest periods, multiple financing options, and exclusive deals for the cardholder. However, it should also be noted that do not offer any reward points for shopping which can turn customers away. If a customer shops regularly at Raymour & Flanigan, it is recommended to get their credit cards. For other customers theses, cards are not a necessity that they must have.
FAQs
Q1. How long does it take to get approved for a Raymour & Flanigan credit card?
A1. Applicants are generally notified about their credit card application within a few minutes. If it takes more than a day to get updates on the credit card application, applicants can contact Raymour & Flanigan at: 1.866.383.4484.
Q2. Does Raymour & Flanigan credit card work for online shopping?
A2. Yes, customers can shop with their credit cards on raymourandflanigan.com.
