Progressive Leasing purchase program: You’ll get a decision instantly. Plus, people with limited credit have a decent shot at approval.
Affirm’s “Buy Now Pay Later” program: You can apply for this program online or in-store. The application will result in a soft pull, which will not affect your credit score.
Even though these payment plans have lenient credit score requirements, approval is not guaranteed. Aside from your score, other factors might be taken into consideration when applying for one of these financing options. Your payment history, employment, income, and your level of debt will play a significant role in the evaluation process.
The best jewelry store credit cards are the Helzberg Diamonds Credit Card and the Reeds Jewelers Credit Card. Both cards offer 0% introductory APRs for purchases of $299 or more—a lot lower than most jewelry store cards set their 0% threshold. Plus, neither card requires a down payment to finance the purchase, which itself is a perk and somewhat outside the norm for these types of cards.… read full answer
In addition to Helzberg Diamonds and Reeds Jewelers, the list of jewelry stores with credit cards includes Zales, Tiffany & Co., The Jewelry Exchange, Blue Nile, Kay Jewelers, Crown Jewelers, Jared The Galleria of Jewelry, and many more. None of these jewelry stores’ credit cards should be considered a great financing option, though. They use deferred interest, which is a common financing trap. If the full balance isn’t paid by the end of the low-interest intro period, the store charges the account with interest from the purchase date. If you’re buying an engagement ring, for example, not paying off the balance in full before the end of the promotional APR period can turn into an expensive mistake.
Jewelry store credit cards can be helpful for certain situations. Some, like Crown Jewelers’ store credit card, don’t even require a credit check. And it’s rare to find a jewelry store credit card with an annual fee. As long as you pay off the balance before the intro APR period ends, you’ll get away without paying anything extra.
But like any other store credit card, jewelry store cards can’t be used outside of the store they’re affiliated with. Most jewelry cards don’t have perks beyond the occasional birthday coupon, either. You may be better off getting a department store credit card from a store that sells a variety of items, including jewelry, like Macy’s or JCPenney. Or, consider a regular credit card with either a lot of rewards or a long 0% APR period. Credit cards that you can use anywhere don’t usually have deferred interest.
The easiest jewelry credit card to get is pretty much any jewelry credit card, including the Helzberg Diamonds Credit Card, the Iddeal Jewelry Credit Card, and the Zales Credit Card. You have about the same chance of getting all of them because they all are store cards that require fair credit for approval. So, your best bet is to go for whichever jewelry store’s card has the benefits you like best. You could also consider a more general store card for a place that sells jewelry among other things, like the JCPenney Credit Card.… read full answer
Keep in mind that it’s best not to use a jewelry credit card for financing because most, if not all of them, use deferred interest. In other words, they give you a low introductory (often 0%) interest rate but still calculate how much interest you would have accrued during that period at the normal interest rate. If you don’t pay off your balance in full by the end of the introductory period, you owe the interest. So that’s something to be wary of.
With that said, let’s take a look at some of the most popular jewelry cards.
If you want a store card that can be used for jewelry but also for other things, here are some other good options: The JCPenney Credit Card gives you 35% off your first purchase and 1 point per $1 on all purchases. The Amazon.com Store Card gives 5% back in rewards off all Amazon purchases when you have a Prime account. And the Target Credit Card gives you 5% discount off all Target purchases.
You could also consider non-store cards with good bonuses. For example, the Capital One Venture Rewards Credit Card gives you 75,000 miles for spending $4,000 in the first 3 months of account opening. You could use it to buy an engagement ring and save on your honeymoon with the miles. It’s easy to use credit cards to your advantage if you plan ahead.
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