We generally only recommend Restoration Hardware Credit Card if you have at least a 630 credit score (otherwise known as a "fair" credit score). The reason being you can get a relatively high APR if you have a low credit score, plus it will be much harder to get approved.
Is Restoration Hardware Credit Card a good credit card for me?
Every situation is different, so it's hard to give a blanket recommendation on whether or not Restoration Hardware Credit Card is the right card for you.
However, they are known to be relatively generous with their reward points & other perks, so it may be worth it. Keep in mind you may have to acquire a minimum amount of points before you are able to redeem them.
Is Restoration Hardware Credit Card worth it?
There are 100s of different credit card options that are best suited to a wide range of situations. Which makes it hard for us to honestly answer whether or not Restoration Hardware Credit Card is worth it for you.
We recommend considering the following when looking into getting any credit card (as a starting point at least):
- Are you a responsible spender? You can quickly get yourself into too much debt if you're not responsible with your credit card
- Are there are signup bonuses available with this card?
- What annual fees does it have?
- Are there penalty APRs?
- Does it have an interest free period, and if so, how long is it?
- How does it's APR compare to other cards?
- How does the rewards/points system work?
What are the approval odds for Restoration Hardware Credit Card?
The approval odds are going to be heavily dependant on your credit score, income & expenses.
If you have a credit score of 750+, you can basically get approved for most credit cards, including the Restoration Hardware Credit Card. But if you have a "poor" credit score, it's going to be a lot more difficult.
What credit score do I need for Restoration Hardware Credit Card?
A general rule of thumb is if you have a "good" credit score (670-739) or above, then you're approval odds are relatively high.
Anything below that and the odds go down, you may be able to get approved with a "fair" credit score, but if you have a "poor" score, then it is extremely unlikely you'll be approved (unless the card is secured).
Improve your credit score BEFORE applying for Restoration Hardware Credit Card
If your credit score is preventing you from qualifying for Restoration Hardware Credit Card, we recommend you call one of our friendly credit experts for a free consultation. We'll review your credit report with you (in real-time), and see if there is anything we can do to help your score.
Once we've improved your score for you, you'll be in a much better place to apply & get approval for Restoration Hardware Credit Card. Not to mention all the other benefits that come with a great credit score!
How to Maximize the Benefits of Your Restoration Hardware Credit Card
If you shop on a regular basis at Restoration Hardware, then you probably take advantage of the benefits that come with their credit card. However, it is possible to utilize these benefits in a way to maximize them. A great strategy to get the most out of your Restoration Hardware credit card is to pay off the balance every month in order to avoid any interest fees. Doing so will benefit your wallet and help maintain a good credit score.
Furthermore, keep an eye out for exclusive discounts and promotions offered specifically for cardholders from Restoration Hardware. Check the website and your emails regularly for these offers. Additionally, using your card in other stores or retailers can provide rewards points redeemable for Restoration Hardware merchandise.
The Benefits of Having a Good Credit Score
Having a good credit score is immensely important for a successful financial future. A good credit score can bring access to loans, credit cards and other financial products with more agreeable terms including lower interest rates. This greatly aids in saving money and lessening any potential of financial stress.
Also, it provides the possibility of attaining financial stability and growth such as purchasing a home, setting up a business or buying a car. Furthermore, having a good credit score can render advantages like being able to easily rent an apartment, obtain employment or have access to lower premiums for insurance.
To maintain a healthy credit score, one must pay bills on time, keep their credit utilization low and review their own credit report for accuracy. Responsible use of credit is necessary in order to profit from these financial opportunities and ensure achievement of long-term goals.