Does Academy Do Layaway (2025)

FAQs

Does Academy Sports offer layaway? ›

​​​We do not currently offer layaway. However, you can use or apply for an Academy credit card! You'll get to enjoy its great benefits and exclusive savings offers. You can get $15 off your first purchase when you spend over $15 the same day you get approved.

A layaway plan starts with a down payment—typically a percentage of the total purchase or a dollar minimum—which reserves an item for future acquisition. Then, under the terms of the store's layaway agreement, the customer makes regular, typically interest-free layaway payments until the item is paid in full.

You Avoid Credit Card Interest and Debt

Layaway programs don't charge interest or count as a form of debt. Using a layaway plan won't raise your debt-to-income ratio or affect your credit score.

Layaway is a purchasing method by which a consumer places a deposit on an item to “lay it away” for later pickup when they come back and pay the balance. It often charges no interest and is available to almost anyone, even those with bad credit.

We've partnered with Klarna to give you more payment options. With Klarna you can split your purchases into 4 interest-free payments.

Keep in mind that in-store applications require you to present a valid government-issued photo ID. At the moment, there is no way to submit an Academy Credit Card application over the phone. The Academy Credit Card requires a credit score of 640, at a minimum. This means you need fair credit or better to get approved.

Can Layaway Impact Your Credit Score? Layaway plans have zero impact on your credit scores. The store does not check your credit report to see if you qualify, so a hard inquiry won't be posted on your credit report, and a layaway agreement won't show up as positive payment history.

In contrast, layaway plans do not charge interest, even if you fail to complete payments on time. Instead, layaways may penalize lack of payment with late fees or by canceling your order.

Walmart and many of the big chain stores use to have layaway, but they discontinued it. Now they have affirm. Affirm is exactly like financing. Affirm pays for your stuff, then you pay affirm in installments.

What is the layaway rule? ›

Federal Laws

Your layaway plan may be covered by the Truth in Lending Act if you require your customers to agree in writing to make all payments until an item is paid in full. If you do not bind your customer in writing to complete the layaway purchase, then the Truth in Lending Act does not apply.

Can I pay off my Layaway plan early? Yes. At any point you can pay the remaining balance by contacting the store by phone and requesting for the remaining balance to be charged in full. Once the balance is paid in full, your order will be shipped.

You can make a Academy Sports + Outdoors Credit Card payment online, by phone, by mail or through EasyPay. To pay a Academy Credit Card bill online, log in to your online account and click on “Payments.” Then, choose how much to pay, when to pay it, and where the payment is coming from.

Instead of paying for an item after you receive it – as is often the case with credit cards and buy now, pay later plans – you make layaway payments before you receive your purchase. Most people who want to buy something but lack the funds will wait until they have more cash and then make the purchase.

The Academy Sports + Outdoors Credit Card due date is 25 days after the end of each monthly billing cycle, and it falls on the same date every month, excluding weekends and holidays. You can find your specific due date on your monthly statement or your online account. Due dates differ from customer to customer.

Here are some answers to questions about Walmart's layaway program, its buy now, pay later program and holiday shopping in 2023. Is Walmart doing layaway 2023? Walmart stores have offered layaway programs in the past but no longer do so in 2023 as they ended that program in 2020.