The
QVC Credit Card is not a very good option, even for frequent QVC/HSN shoppers, because it does not offer rewards and its financing promotion uses deferred interest. What you think is interest-free financing could end up costing you a lot of money if you’re not careful.
If you have the
fair credit or better needed to qualify, you’re also likely able to qualify for a general-purpose credit card with a 0% introductory APR, without deferred interest. You can learn more about the
QVC Credit Card and your alternatives below.
4 Key Things to Know About the QVC Credit Card
No annual fee, but no rewards either.
The QVC Credit Card (also known as the QCard) lacks a lot, with two of the most notable absences being an annual fee and rewards of any kind. The lack of a fee is a good thing, saving you about
$23.75 per year relative to the average credit card, though it doesn’t distinguish the QCard from most other store credit cards. But the lack of rewards clearly is a bad thing. In fact, it’s reason enough not to apply.
No interest…if you don’t slip up.
The QVC QCard’s main draw is a 0% introductory APR on select purchases for 9 to 18 months. Yet its worst feature is part of this offer, too. The QVC Credit Card has something called deferred interest, which basically means the 0% intro rate will vanish and the card’s high regular APR will
retroactively apply to your
entire original purchase amount if you have an unpaid balance of as little as a penny when the 0% period ends.
General purpose
0% credit cards (those not affiliated with specific retailers) don’t use deferred interest, making them a far better choice for financing any big-ticket QVC purchases you may be planning.
Very high regular APR, even for fair credit.
As is the case with most retailer-affiliated credit cards, you generally need only “fair” credit to get approved for the QVC Card. You can
check your credit score for free on WalletHub if you don’t know where you stand. Bear in mind, however, that if you do get approved for the QCard, you’d better be prepared to pay your bill in full every month if you want to avoid wasting money on expensive interest charges.
The
QVC Credit Card’s regular APR is well above the market averages for fair-credit credit cards (
26.82%) and store credit cards (
33.02%), according to
WalletHub research. It’s also nearly twice as high as the average APR among credit cards for people with excellent credit:
17.62%.
Little reason to apply.
At the end of the day, there’s not much cause for seriously considering the QVC Credit Card. Its financing is treacherous; its rewards are nonexistent; and there are plenty of better options available, whether you have
fair,
good or
excellent credit.
If you’re interested in alternatives, you can start with our editors’ picks for the
best credit cards for shopping.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
