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Masseys Credit

• See if you are pre-qualified instantly, without affecting your credit score
• Less than perfect credit is okay
• Credit lines up to $500
• Payments as low as $5.99 per month (subject to final credit approval)
• Automatic reviews for credit line increase opportunities
• Buy now, pay later! One stop shopping for name brand shoes, apparel and more!

Credit Needed:

Poor, Fair, LimitedCreditWeb considers the following based on credit types:

A credit score between 601 and 699 is considered fair credit. A credit score between 645 and 689 is considered limited credit. A credit score below 600 is considered poor credit. ²

Reviews: Be the first to write one
Rewards: None

Annual Fee	Balance Transfers APR	Purchase Intro APR	Regular APR
$0*	N/A*	N/A*	See Terms*

Our Opinion

Masseys Credit makes the most sense as a purchase-specific financing option for someone who already plans to shop at Masseys. It is a store credit account, not a general-purpose Visa or Mastercard, so it cannot be used for purchases at unrelated businesses.

Its strongest features are online prequalification without affecting your credit score and the lack of an annual membership fee. Approved customers can use the account to purchase eligible Masseys merchandise and repay the balance over time.

The main consideration is cost. A low minimum payment can make a purchase appear more affordable, but carrying the balance can result in finance charges and increase the total amount paid. We recommend reviewing the rate that applies in your state and paying the balance as quickly as your budget reasonably allows.

We also would not choose Masseys Credit solely to build credit. The current agreement permits Masseys to report account information, including late payments, missed payments and other defaults, but it does not clearly promise routine positive reporting to all three major credit bureaus.

What We Like

• Prequalification does not affect your credit score. Masseys offers an online prequalification process with an instant decision.
• No annual membership fee. There is no yearly charge simply for keeping the account open.
• No over-limit fee. Masseys currently advertises no fee for exceeding the assigned limit, although purchases may still be declined or require a down payment.
• Payments can be spread over time. Minimum payments may start as low as $5.99, depending on the balance and account terms.
• Accounts may be reviewed for increases. Masseys says it reviews customer accounts several times per year for possible credit-limit increases.

What to Consider

• It can only be used with Masseys. This is store credit rather than a general-purpose credit card.
• Interest can increase the purchase cost. Paying only the minimum can result in a longer repayment period and additional finance charges.
• Rates vary by state. Applicants should check the current agreement instead of relying on a single advertised APR.
• A down payment may be required. This can depend on the order total, available credit, credit history and other factors.
• Prequalification is not final approval. The final decision, credit limit and account terms remain subject to Masseys’ review.
• Positive credit reporting is not clearly promised. Consumers should verify current reporting practices before relying on the account to establish credit.

Who Is Masseys Credit Best For?

Masseys Credit may be useful for someone who already wants to purchase merchandise from Masseys, prefers to check for an offer without affecting their credit score and can repay the purchase without carrying the balance for an extended period.

Someone looking for a card that can be used anywhere, earns rewards or clearly reports positive monthly activity to all three credit bureaus should compare other options.

Masseys Credit Questions

Is Masseys Credit a regular credit card?

No. It is a store credit account for purchases from Masseys. It is not part of the Visa, Mastercard, Discover or American Express payment networks.

Does Masseys prequalification affect your credit score?

Masseys states that checking for prequalification does not affect your credit score. Prequalification does not guarantee final approval or a particular credit limit.

Does Masseys Credit have an annual fee?

Masseys currently advertises no annual membership fee. Interest, late fees and other account costs may still apply.

What credit limit will you receive?

Credit limits are determined individually during the approval process. Approved customers can view their assigned limit and available credit through their online Masseys account.

Can you request a credit-limit increase?

Masseys says it does not normally accommodate individual increase requests. Instead, accounts are reviewed several times per year. Consistent, on-time payments may improve the possibility of qualifying during a future review.

Does Masseys Credit report to the credit bureaus?

The account agreement says Masseys may report account information and that late payments, missed payments or other defaults may appear on a credit report. It does not clearly promise routine positive monthly reporting to all three major bureaus.

Can Masseys require a down payment?

Yes. Masseys may require a down payment based on factors such as the order total, available credit and credit history.

CreditWeb’s Bottom Line

Masseys Credit can be a reasonable option when you already want to shop at Masseys, value no-impact prequalification and can repay the purchase relatively quickly. It is less compelling as a long-term financing tool or as an account opened primarily to build credit.