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Midnight Velvet Credit

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A revolving line of credit for items purchased at the store.

  • Get this credit line if you often shop at Midnight Velvet.
  • Pick something else if you want a line of credit you can use at other stores.
  • Apply if you have a poor to fair credit score of 300 or higher.


Annual fee

5.75% to 25.99%

Purchase APR (fixed)


Recommended credit score


Product NameMidnight Velvet Credit
Annual fee$0
Purchase APR5.75% to 25.99% fixed
Balance transfer APRN/A
Interest free periodUp to 25 days
Late payment feeUp to $15
Returned payment feeUp to $25

Expert review

Kliment Dukovski

Review by

Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

Midnight Velvet credit is a revolving line of credit with a $0 annual fee and a fixed purchase APR of 5.75% to 25.99%. While it doesn’t cost anything to open, it doesn’t offer rewards.

You’ll find a shopping catalog for clothing, shoes, jewelry and accessories at the store. The card’s revolving credit is designed to help customers pay off their purchases in installments with low monthly payments.

The perks

  • No annual fee.
    You’ll pay nothing to have access to this line of credit.
  • Low monthly payments.
    Your monthly payment depends on the size of your balance and the number of payments you’re going to make. The lowest monthly payment you can get is $20.
  • Quick approval.
    You’ll likely wait up to 24 hours to get approval. In case the company needs additional information, they’ll reach out to you.

You’ll also like

  • Build your buying power.
    Make timely payments and increase your credit line.
  • Balance payment options.
    Pay your balance online when you sign up at Midnight Velvet website, pay by phone at 800-648-0566 or pay by mail at Midnight Velvet, PO Box 2821, Monroe, WI 53566-8028.

What to watch out for

  • High cost for long-term credit.
    If you pay a purchase off in 47 months, you’ll end up paying the highest cost. Suppose your balance is $1,800 and you have 47 monthly payments of $60. In the end, you’ll pay a total of $2,820. On the other hand, for a balance of $200 with 12 monthly payments of $20, you’ll pay $240.
  • No rewards.
    Many other credit cards offer rewards such as cash back, points or miles.

Compare store credit cards

Name Product Filter values Annual fee Purchase APR Recommended minimum credit score
Costco Anywhere Visa® Card by Citi
15.24% variable
An impressive cashback card that offers up to 4% back on everyday purchases like gas, travel and dining all for the cost of a Costco membership.
Seventh Avenue Credit
5.75% to 25.99% fixed
Buy now, pay later with payments as low as $20 a month.
Net First Platinum
Up to $299.40
Build your credit history with an unsecured line of credit.
Merit Platinum
Apply with no credit or bad credit, for use on the Horizon Outlet website.
Montgomery Ward Credit
5.75% to 25.99% fixed
This no-annual-fee store card offers a potentially low APR and low minimum payments for purchases made at the Montgomery Ward online store.

Compare up to 4 providers

Bottom line

Midnight Velvet regulars may find the store’s revolving credit useful. It lets you buy now and pay your balance in up to 47 months with low monthly payments.

However, paying off the purchase on time won’t help your credit score. You may want to check out other credit cards meant to help rebuild credit if that’s what you want.

And if you’re looking for a revolving line of credit to use at other specific stores, check out other store cards to compare your options.

Frequently asked questions

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