Obtaining and using a Snap Finance Virtual Card involves two clear stages:
Obtaining the Snap Finance Virtual Card:
a. Apply for lease-to-own financing:
- Apply online at snapfinance.com or through the mobile app.
- Agreement includes the financed amount, repayment schedule, and interest rate.
Accept the agreement to receive a unique, single-use virtual card number.
Access the virtual card details through your Snap Finance account.
Using the Snap Finance Virtual Card:
a. Locate participating retailers:
- Use Snap Finance’s store locator to find stores specializing in furniture, mattresses, tires, appliances, electronics, and jewelry.
- Proceed to checkout at the chosen retailer, online or in-store.
- Select “credit card” payment option.Enter Snap Finance virtual card number, expiration date, and security code.
Once card details are accepted, the purchase will be approved.
The agreed-upon amount will be debited from your account based on the lease-to-own agreement.
Can I use a snap finance virtual card anywhere?
No, you cannot use a Snap Finance virtual card anywhere. While it functions like a typical credit card during the transaction, it has specific limitations on where it’s accepted:
- Snap Finance cards are primarily designed for specific categories of purchases, not for general use. They are accepted at stores specializing in:
- Tires & wheels
- You can find participating merchants using the Snap Finance store locator: https://snapfinance.com/find-stores/undefined/undefined/undefined
- General retailers: You cannot use your Snap Finance card at “big box” stores, department stores, restaurants, gas stations, clothing stores, and similar businesses that don’t focus on durable consumer goods.
- Non-participating merchants: Even within the accepted categories,
How do I use snap finance at checkout?
The method for using Snap Finance at checkout depends on whether you’re shopping online or in-store at a participating merchant:
- Find a participating retailer: Use the Snap Finance store locator (https://snapfinance.com/find-stores/undefined/undefined/undefined: https://snapfinance.com/find-stores/undefined/undefined/undefined) to ensure the online store offers Snap Finance financing.
- Add items to your cart: Select the items you want to purchase and proceed to checkout.
- Choose Snap Finance as your payment option: Look for the Snap Finance logo or banner during checkout. Click on it to initiate the application process.
- Complete the application: Provide your basic information and answer questions about your income and employment. You’ll receive an instant decision.
- Review and accept the terms: If approved, carefully review the lease-to-own agreement outlining the amount financed, interest rate, and repayment schedule. Accept the terms if you agree.
- Activate your virtual card: You’ll receive a unique, single-use virtual card number upon agreement acceptance. Store it securely.
- Enter virtual card details: During checkout, select the “credit card” payment option and enter your Snap Finance virtual card number, expiration date, and security code.
- Complete the purchase: Once the card details are accepted, your order will be confirmed, and the amount will be debited from your account according to the agreement.
- Confirm the store accepts Snap Finance: Check with the store or look for signage advertising Snap Finance financing.
- Select your items: Choose the products you want to purchase.
- Inform the cashier about Snap Finance: Let the cashier know you’d like to finance your purchase with Snap Finance.
- Apply through the store’s system: You might complete a quick application on a tablet or provide basic information to the cashier.
- Follow on-screen instructions: Similar to the online process, review and accept the agreement, activate your virtual card, and provide the card details for the transaction.
- Finalize the purchase: Once approved and the card is accepted, the store will complete your purchase.