[WARNING] Restoration Hardware Credit Card Review // Hidden Fees 🙁

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The Restoration Hardware Credit Card offers no perks, points or rewards that you would usually expect from a retail store credit card. The Restoration Hardware Grey Card does offer financing programs for larger purchases but to get the best deals you must be a RH Member at an annual cost of $100. Unfortunately, the Restoration Hardware card is issued by Comenity Bank with an extremely high APR rate and an even worse customer service record. The Comenity Restoration Hardware Credit Card reviews tell of horrifying stories such as accounts in good standing being closed at the determent of customers credit scores. Choosing a more traditional credit card over the Restoration Hardware Comenity Bank Card could literally save your credit score and thousands of dollars in interest payments over your lifetime. 

Restoration Hardware Credit Card

2.0

Annual Fee
$0

APR 
26.49% Variable

Credit Needed 
FAIR/GOOD/EXCELLENT

REWARDS

What rewards? 

RATES & FEES

One of the highest APR's we reviewed

EASE OF USE

Limited use to RH companies

SUPPORT

Only concerned about you making your payments

    Credit Knocks Overall Star Rating:     

  • No Annual Fee  
  • Special Financing
  • Reports To Major Credit Bureaus
  • Rewards Low Value
  • High APR
  • Limited Use
  • Poor Customer Service
  • $100 Annual RH Membership Fee

SUMMARY: 

The Restoration Hardware Credit Card starts by charging you some of the highest APR rates we have reviewed but does offer preferred and standard financing options on larger purchases.  

Keep in mind that the Comenity Bank Restoration Hardware Card cannot be used anywhere else but at RH Comenity owned stores. 

A major problem with this card is the issuer, Comenity Bank, who will cancel your card if you do not keep a balance and pay them interest regardless if you always pay on time or how long you have been a customer. 

When a revolving credit card account is closed it can hurt your credit score which plays a major role in the interest rates you receive on future credit card offers, auto loans and even home mortgages. 

There are many traditional credit cards that would be a better choice over the Comenity Restoration Hardware Card if you are looking for a credit card. 

This Restoration Hardware Credit Card review was written so that you can understand how their card works, its short comings, and better alternatives.


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What's The Restoration Hardware Credit Card?

The Restoration Hardware Credit Card accounts are issued by Comenity Bank for use only at the RH family of stores and their online website. 

Just to be clear, this card cannot be used anywhere but in the RH stores and on their website.

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You will not find a Visa, MasterCard, Discover, or American Express, logo on this card, so it can't be used anywhere else. 

Customers who use the RH Grey card to make purchases will have the option of selecting special financing terms. 

Restoration Hardware rewards do not include points or any other notable perk other than the special financing option.  

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Comenity Bank and RH offer multiple special financing options based on the amount of credit you need to borrow and the length of time you plan on taking to payoff off the loan. 

Here's the catch...

With the RH card you will qualify for standard financing options, however, if you want to get the lowest APR rates for the longest terms than you will need to become a RH member. 

There is an annual fee of $100 to be a Restoration Hardware member and receive the preferred financing rates. 

Frankly, you can can checkout our list of best zero interest special financing credit cards and find a better deal with NO annual fee. 

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In a 2019 Credit Card Insider survey, they found that 40% of retail store credit card holders regretted apply for their store card. We recommend that you apply for a traditional credit card. 

Check out today's most popular credit cards.  

And you will be able to use that card anywhere Visa or MasterCard is accepted. 

Keep in mind that if you do not payoff the specially financed charges within the chosen terms, Comenity Restoration Hardware will BACK CHARGE YOU FOR THE THE INTEREST AT 26.49%!

If you choose the RH Credit Card than you need to be prepared to payoff anything you charge within the chosen payment terms or don't choose this card. 

With APR rates starting at 26.49%, there are literally 100's of better credit cards to choose from that won't charge you half those rates. 

What you get with a RH CC is a high interest rate card that can't be used anywhere but at Restoration Hardware stores and on their website. 

Regardless of your credit score there are many better alternatives to the Comenity RH Grey Card option that will save you more money. 

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Who Is Comenity Bank?

Comenity Bank and Comenity Capital Bank are owned by Data Alliance and together manage multiple customer loyalty programs. 

Generally, they work with retail locations and provide them with store credit cards, rewards programs and marketing information to retain customers. 

They have a horrible reputation for cancelling customers store credit cards of people who pay off their credit cards regularly and don't pay interest. 

It doesn't matter how much you charge on your card, or how long you have had it, if they are not making money in the form of interest or late payments, and you pay off your card... 

comenity bank, comenity capital bank

They will cancel it! 

Many Comenity Bank Reviews can be found complaining about how bad their credit score was affected after having their revolving credit account closed for no reason. 

Beware, signing up for a store credit card issued by Comenity Bank or Comenity Capital Bank can cost you a lot of money. 

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Comenity Bank RH Card Basics

Below are some of the basic features of the Comenity Bank Restoration Hardware CC:

  • Card type: Unsecured
  • Interest rate: 26.49% Variable
  • Annual fee: $0 (to receive Preferred Financing you must be a RH member which costs $100 annually)
  • Rewards: Special Financing Options On Selected Items
  • Security deposit: None
  • Foreign transaction fee: N/A
  • Credit reporting: Reports payment history to all three credit bureaus.
  • Cash advance fee: N/A
  • Cash advance APR: N/A
  • Late payment fee: Up to $40.00
  • Returned payment fee: Up to $40.00
  • Over The Credit Limit: None

Remember that if you payoff the complete balance of your card regularly, customers regularly complain that Comenity Bank may close your Comenity RH Credit Account which could hurt your credit score. 

Restoration Hardware Comenity Bank Benefits

The Restoration Hardware card offers their customers special financing options on some products. 

Their rewards program is so light that they have to include as 'perks' things that all store cards generally include, such as no annual fee and access to your account online. 

In addition, the Restoration Hardware Rewards also include the following: 

  • Preferred Financing (with RH membership)
  • Standard Financing
  • No annual fee (this is standard for store cards, not really a reward)
  • Account management app (every card offers this, not really a reward)
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What Is The Starting Comenity Restoration Hardware Credit Limit 

Your initial Restoration Hardware credit limit will be determined by a number of factors including your credit history and income. 

There is no way of predicting the credit limit you will be given.  

Restoration Hardware Credit Limit Increase

Your Comenity RH Card will periodically be reviewed for eligible credit limit increases. 

If you make you payments on time, Comenity Bank will consider you for a credit limit increase. 

You can also request a credit limit increase on your customer dashboard or by calling Comenity Bank directly. 

The above is actually true for most credit cards and should not be a determining factor in choosing a high interest, low reward, RH Credit Card. 

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What makes credit limit increases so great is that they allow you to:

  • Decrease Your Credit Utilization
  • Increase Your Available Credit
  • Obtain New Credit Without Affecting Your Age Of Accounts

Restoration Hardware Credit Card Pros & Cons

PROS

CONS

Reports To Major Credit Bureaus

Special Financing

$0 Annual Fee

26.49% Variable APR

Limited Use

Bad Customer Service

Low Rewards Value

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Best Alternatives To The Comenity RH  Card

Comenity Bank is the 'Nancy' of credit card companies, only caring about their profits with little concern for their customers. 

If you apply for Restoration Hardware Card you need to understand that you will be paying much more in interest rates than a more traditional credit card. 

Restoration Hardware Rewards program offers some of the lowest value of rewards compared to their competitors.

In addition, Comenity Bank RH Grey Card has a long history of closing good customers accounts and hurting their credit score if they do not carry a balance and pay interest. 

Read some of the recent reviews submitted below about Comenity Bank which is the issuer and company you are actually working with if you apply for the Restoration Hardware Comenity Credit Card. 

comenity-bank-reviews-zero-balance-closed-account
comenity-bank-reviews
comenity-bank-bbb-customer-complaint-reviews

Steps To Take After You're Approved

The real work starts once you have been approved for your Restoration Hardware Comenity Credit Card.

Monitor Your Credit

One of the most overlooked areas of building credit, is monitoring your credit

This is truly your first line of defense when trying to build or rebuild your credit.

You should try to find a service that allows you to monitor all 3 of your reports.

Helpful Tip

If your application goes to "Pending" status it doesn't mean Declined. Usually, more information may be needed.

Make On Time Payments

Making on time payments sounds like a super simple thing to do; however, we all live in the real world where things almost never go as planned.

Be sure, no matter what, to make your payments on time because it is super important and is one of the largest factors in your credit score.

No matter what, avoid late payments.

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Keep Credit Utilization Low

Another factor to consider is credit utilization, you really want to keep this under 3% of total credit if you can but try to never get it over 15%.

For example, if your Restoration Hardware credit card has a $300 limit and you spend $60.

Spending $60 on a $300 card limit means you are utilizing is around 20% of your credit on that card and it is above the recommend credit utilization percentage, so be mindful of how much you spend.

How Do I Cancel My RH Comenity Credit Card?

You can cancel your account at any time by contacting their Customer Service Department at the phone number listed on your billing statement or on the back of your credit card.

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Is There A Fee For Closing My Account?

Outside of the fees associated with your remaining balance, there is no fee for closing your account.

I would recommend keeping the card active as long as you can, there really isn't a reason to cancel the card any time soon.

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Taking Action On Your Credit

Hopefully, you found this Restoration Hardware Credit Card Review helpful because applying for their card could be a terrible mistake. 

Click on any of the orange buttons in this article to be taken to a page with a detailed list of many better alternative credit cards. 

Today is a great day to apply for a new credit card that you can use anywhere and be charged a fair APR interest rate, but the RH Card is not that card. 

Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, statements or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by any of these entities prior to publication.

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