Masseys Credit at a Glance

Masseys Credit is a store credit account that can be used to purchase shoes, clothing, accessories and other merchandise sold by Masseys. Although consumers sometimes refer to it as the “Masseys credit card,” it is not a general-purpose Visa, Mastercard, Discover or American Express card.

• Where it can be used: For purchases from Masseys
• Prequalification: Available online without affecting your credit score
• Annual membership fee: None
• Over-limit fee: None
• Monthly payments: Minimum payments may start as low as $5.99, depending on the balance and account terms
• Credit limit: Determined individually and subject to final credit approval
• Rewards: No traditional cash-back, points or travel rewards program

Rates, finance charges and certain fees can vary by state. Applicants should review the current Masseys Credit Terms and Conditions before opening an account.

How Masseys Credit Works

Once approved, a customer can use the account to finance eligible purchases from Masseys and repay the balance over time. Purchases, payments and other account activity appear on the customer’s Masseys Credit statement.

The amount available for a new purchase depends on the account’s credit limit, current balance and any orders that have not yet shipped. Masseys may also require a down payment when an order exceeds the available credit or based on other credit-related factors.

Masseys Credit can make it possible to divide a purchase into smaller monthly payments, but a small minimum payment should not be confused with an interest-free payment plan. Carrying a balance can result in finance charges and increase the total cost of the merchandise.

Prequalification and Application

Masseys offers online prequalification with an instant decision that does not affect the consumer’s credit score. Prequalification can help someone determine whether an offer may be available before proceeding further.

Prequalification is not the same as final approval. The account, credit limit and applicable terms remain subject to Masseys’ final review. Applicants should read the disclosures presented during the application process, including information about any additional credit inquiry that may be required.

Masseys may also send preapproval offers containing a code. Receiving a code or a prequalified result does not guarantee that every order will be approved without additional requirements. A down payment may still be requested in some circumstances.

Fees, Payments and Credit Limits

Masseys states that its credit account has no annual membership fee and no over-limit fee. However, interest, finance charges and late-payment fees may apply. The purchase APR and certain account terms vary by state, making the current agreement more reliable than a single rate quoted on a third-party website.

Minimum payments may start at $5.99, but the actual required payment depends on the account balance and current payment schedule. Paying only the minimum can extend the repayment period and increase the total amount paid.

Credit limits are assigned individually. Existing customers can view their limit and available credit through their online account. Masseys says it reviews accounts several times per year for possible credit-limit increases. Individual increase requests are not normally accepted, although consistent on-time payments may improve the possibility of qualifying during a future review.

Payments can be made through the customer’s online Masseys account or by contacting Masseys Customer Care. Account holders should allow enough processing time for a payment to be credited by its due date.

Does Masseys Credit Report to the Credit Bureaus?

The current Masseys Credit agreement states that information about an account may be reported to credit bureaus and that late payments, missed payments or other defaults may appear on a consumer’s credit report.

However, Masseys does not clearly promise that positive payment activity will be reported routinely to all three major credit bureaus. Consumers should therefore not open the account solely on the assumption that ordinary monthly payments will build credit.

Someone considering Masseys Credit primarily for credit-building purposes should ask Masseys which bureaus currently receive account information and whether both positive and negative payment activity are reported.

Who Masseys Credit May Be Useful For

Masseys Credit may be worth considering for someone who:

• Already intends to purchase merchandise from Masseys
• Wants to check for an offer without affecting their credit score
• Prefers a store account without an annual membership fee
• Can repay the purchase quickly enough to limit finance charges
• Understands that the account can only be used within the Masseys shopping system

It may be less useful for someone seeking a general-purpose credit card, a rewards program or an account specifically intended to establish a positive credit history with all three major credit bureaus.

Important Things to Consider

• It is store credit. The account is intended for Masseys purchases and cannot be used everywhere ordinary credit cards are accepted.
• Small payments can increase the total cost. A low minimum payment may appear affordable, but carrying the balance longer can result in additional finance charges.
• Terms vary. Interest rates, fees and other provisions can depend on the applicant’s state and the current account agreement.
• A down payment may be required. Masseys may request one based on the order total, available credit and credit history.
• Prequalification is not final approval. The final credit limit and account terms are determined through the approval process.
• Credit reporting should be verified. Do not assume that on-time payments will be reported routinely to every major credit bureau.
• Compare the full purchase cost. Consider the merchandise price, shipping, return policy and potential finance charges before deciding to use credit.

Frequently Asked Questions

Is Masseys Credit a regular credit card?

No. Masseys Credit is a store credit account for eligible purchases from Masseys. It is not a Visa, Mastercard, Discover or American Express card that can be used at unrelated businesses.

Does checking for Masseys Credit affect your credit score?

Masseys states that its online prequalification process provides an instant decision without affecting your credit score. Applicants should still review the disclosures before proceeding from prequalification to a final application.

Does Masseys Credit have an annual fee?

Masseys currently advertises no annual membership fee. Finance charges, late fees and other costs may still apply under the account agreement.

What will the monthly payment be?

Minimum payments may start at $5.99. The required amount depends on the balance and the payment schedule shown in the current Masseys Credit agreement and monthly statement.

What credit limit does Masseys provide?

Credit limits are determined individually. Approved customers can view their assigned limit and available credit through the My Masseys Credit section of their online account.

Can a Masseys credit limit increase?

Possibly. Masseys says it reviews accounts several times per year for potential increases. Customers generally cannot request an increase directly, but consistent on-time payments may help during a future account review.

Can Masseys require a down payment?

Yes. A down payment may be required depending on the order total, available credit, credit history and other factors considered by Masseys.

Does Masseys Credit help build credit?

It should not be treated as a guaranteed credit-building account. Masseys’ agreement permits reporting account information and negative activity to credit bureaus, but it does not clearly promise routine positive reporting to all three major bureaus.

How do existing customers make a payment?

Customers can sign in to their Masseys account and use the Make a Payment section. Masseys also provides payment assistance through its Customer Care team.

Finance Globe is not the issuer of Masseys Credit. Account availability, approval decisions, credit limits, rates, fees and other terms are determined by Masseys and may change. Review the current account agreement before applying or using the account.