LensCrafters Credit Card >>> 5-minute review with lots of pics
Not recommended. It’s hard to see a reason to get this card. Even if, like with other store cards, you want to take advantage of the interest-free promo period to spread out payments, glasses are such a small expense it’s probably not worth the hassle of opening and maintaining another credit account.
Pros and Cons: LensCrafters Credit Card
Interest-free promotional financing for 6 months if you buy 1 set (frame + lenses) or for 12 months of if you buy 2 or more sets
No annual fee
Likely easier credit approval than most cards
Reliable credit card issuer and servicer – Synchrony Bank
Extremely high APR – 29.99%! Whoa!
Limited functionality – cannot use for purchases at any other store besides LensCrafters locations
No additional perks or special offers for card holders
No signup bonus
LensCrafters Credit Card Executive summary
This card essentially only provides one benefit: the ability to spread out your payments over 6 months (if you by 1 set) or 12 months (if you buy 2 or more sets).
While this kind of store-card promotional financing to spread out payemnts can sometimes be worth the trouble for very large purchases, glasses are a relatively small expenses, often covered by insurnace anyway, so the LensCrafters Credit Card really doesn’t have much of a point.
The drawbacks, on the other hand are numerous. The APR is sky high at nearly 30%. So if you forget to payoff your balance by 6 or 12 months, those glasses may become much more expensive.
While the LensCrafters Credit Card doesn’t have an annual fee, it doesn’t have any benefits you probably expect from a credit card either. There’s no rewards, cash back, or any other perks.
It’s hard for us to see any reason to get this card, unless your are truly and completely out of money, need a pair of glasses to live, and need to defer payment.
Useful LensCrafter Credit Card tools
Where will my card be accepted?
- Navigate to LensCrafter’s location checker here
How much will my monthly minimum payments be?
- Go to Synchrony’s payment calculator
How can I prequalify to see if I have a good chance of approval before affecting my credit?
- Head over to Synchrony’s pre-qualification page
I’m ready to apply, where do I go?
- Navigate to the application page
LensCrafters Credit Card Pros
You can create an interest free loan, if you use this card properly
If you payoff the promotional balance within the applicable time period (6 months or 12 months), you will have effectively create a ‘free’ loan for yourself. However, don’t forget that you still have to make minimum monthly payments along the way.
You might be able to use this card to build credit
Store cards like the LensCrafters credit card, tend to have easier credit approval than most other credit cards. Since they still report to credit bureaus, though, if you have bad or no credit, you might be able to get a store card like this one, make all pyaments on time, and start building credit.
There is no annual fee
Unlike many credit cards today, this card has no annual fee.
You can pre-qualify with no credit impact
If you have poor or no credit and aren’t sure if you will be approved, you can pre-qualify online. Note that being pre-qualified does not necessarily guarantee you will be approved if you apply.
My recent LensCrafters in-store experience
I went to my local LensCrafters recently to checkout what the credit card application would be like.
The store was clean and the sales staff friendly, but they didn’t seem to know much about the LensCrafters credit card.
Far from pushing me to apply, the associate seemed surprised to learn that they offered a credit card and had to go in the back to look up basic information.
Unfortunately, the associate wasn’t able to providue much information, including no materials, and encouraged me to simply go to the LensCrafters website to learn more. They did confirm that I could apply for the card in-store if I wanted, though.
Overall, it was a little disappointing that they couldn’t answer basic questions about the card, but nice to see that they’re not pushing this poor offering on their customers hard.
Last word on the Lenscrafters credit card
Skip this card and pay for your frames, lenses, and/or contacts with a cash back card instead.
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Editor & Author
Cathy Gresham is a finance whiz.
After earning her MBA from The Wharton School, she has worked in strategy at some of the world’s largest and most influential financial companies for 20+ years. Notably, she has worked for the biggest credit card issuers and networks and brings an insider’s perspective to how credit card products work behind the scenes.
Cathy is passionate about personal finance and investing, and loves helping people learn about these complex topics. Her wit and humor make learning about money fun, and she’s always happy to share her knowledge with others.
Cathy enjoys spending time with her family and friends when she’s not crunching numbers or developing investment strategies. She’s also an avid runner, and can often be found pounding the pavement on her morning jog.