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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 23.99%

Purchase APR (fixed)


Recommended credit score


Product NameMidnight Velvet Credit
Annual fee$0
Purchase APR5.75% to 23.99% fixed
Balance transfer APRN/A
Interest free periodUp to 25 days
Late payment feeUp to $15
Returned payment feeUp to $25

The basics

Midnight Velvet is a shopping catalog for clothing, shoes, jewelry and accessories. Its revolving credit is designed to help customers pay off their purchases in installments with low monthly payments.

Everyone can apply for the credit. Simply select the items you want and proceed to check out. Next, provide the required information, such as your address and phone number, and select Midnight Velvet Credit at the payment page. Submit your Social Security number and date of birth and place your order.

You’ll be notified within the next 24 hours whether your application has been approved.

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.
  • Does not report to personal credit.
    This means you won’t improve your credit score with timely payments. However, late payments and default will be reported. If you want to build your credit a secured card could be a better choice.

Compare store credit cards

Name Product Filter values Annual fee Purchase APR Recommended minimum credit score
24.9% variable
A no-annual-fee credit card and discounts when you shop at Target.
29.99% fixed
Build your credit history with low monthly payments.
29.99% fixed
Get access to purchase items in the Fingerhut store with no overlimit fees.
5.75% to 23.99% fixed
Buy now, pay later — low monthly payments make shopping easier
5.75% to 23.99% fixed
Buy now, pay later with payments as low as $20 a month.

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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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