Snap FAQ

Once you make your purchase, your payments are spread over time, usually 12 months.

You can use your approved amount from Snap Finance at select merchants that specialize in furniture, mattresses, tires, appliances, electronics, jewelry, and more. Use our store locator to find a merchant near you!

Absolutely! Snap Finance uses a proprietary approval process that gives you the best chance of being approved. We specialize in financing those who have bad credit, no credit, bankruptcy, or other challenges with their credit.

Just apply online. You will get an answer in seconds!

You will not receive cash. You will receive a one-time-use virtual card or need to speak to a retail merchant to initiate your lease.

You can apply at snapfinance.com, either on a smartphone or a computer. It’s most convenient to use a smartphone to complete your in-store transaction with your one-time-use Snap Finance virtual card, but you may request a physical card if you need one.

Currently, you can only have one lease at a time.

A lease-purchase is a form of lease where you rent the merchandise from Snap Finance for a designated period, usually 12 months, after which you gain ownership of the merchandise. You may also pay off the lease and gain ownership at any time through our 100-Day payment option and early purchase options.

Your lease-purchase agreement may be canceled at any time, as long as you return the leased merchandise in good, working condition. You will also need to meet the requirements of the merchant’s return policy.

There may be a processing fee or initial payment due the day you complete your transaction. This amount varies. Check your lease agreement for specifics.

No, this is not a revolving credit account.

Payments will auto-debit from your checking account. If you wish to change your payment preference, please call Customer Support.

No, we do not charge interest on a lease-purchase agreement. However, there is still a cost of lease in addition to the purchase price. The amount of this cost varies by customer and residential state, and it will be detailed in your agreement and disclosures. Be sure to read and understand your disclosures before you sign, and understand the important dates, amounts, and terms unique to your agreement.

Your Snap Finance card is designed to use at retailers that specialize in furniture, mattresses, tires and wheels, appliances, electronics , and jewelry. Use our store locator to find a merchant near you! Lease-to-own financing is not designed for use at “big box” stores, general department stores, restaurants, gas stations, clothing stores, and similar types of retailers that do not focus on durable consumer goods.

Unfortunately, you are only able to have one lease-to-own agreement with Snap Finance at a time. Once you have completed your lease, you are eligible to apply again. We love our repeat customers!

In order to apply, you must:

1. Be 18 years of age or older
2. Have a steady income of at least $1,000 per month
3. Have an active checking account
4. Have a valid email address/phone number

Note: Meeting these application requirements does not guarantee approval.

Snap approves leases for merchandise worth up to $3,000. Individual approval amounts vary.