Shopping for fine jewelry can be very expensive, no matter your budget. Thankfully, many of the largest national jewelry chains offer credit cards and financing options to make your purchases just a little easier on your wallet. Jewelry store credit cards to the rescue!

But which of these jewelry store credit cards is the best for you? Like any other credit cards, you need to be aware of the fine print. Below you’ll find all the key details regarding financing options at some of the most popular fine jewelry stores and online shopping sites. Are these jewelry store credit cards easy to get? Surprisingly so.

Included In This Article:

  • Common terms relating to credit card application and approval

  • A list of jewelry store credit cards, including:

    • Standard APRs

    • Fees and payment information

    • Perks for signing up for the card

    • Required credit score and/or approval rate for the card

    • Links to online applications

Definitions to Know Before Choosing a Jewelry Store Credit Card

First things first. This article explains some of the most common terms for applying and using a jewelry store credit card.

APR: This stands for “Annual Percentage Rate on Purchases.” APR is the annual rate of interest charged on all or part of the balance on a credit card. If you pay off your balance on the credit card every month, you won’t need to worry about APR.

Deferred interest: This means that, if you’re still carrying a balance after the introductory or promotional period of interest-free financing, you will begin paying interest on the purchase from the date of purchase, not from the end of the promotional period. For example: if you started paying for a $5,000 engagement ring in June 2016 with 12 months interest free, and you are still carrying a balance on the card in June 2017, the interest added to your balance will not just be for this most recent month — it will be the interest that has been accruing on the purchase since June 2016. (This is a very common “gotcha” in store credit cards with promotional financing.)

Closed loop vs. open loop: “Closed loop” refers to credit cards that are only accepted by the company that issued the card. For example, the Zales credit card is only usable at Zales locations and other stores owned by the same company. “Open loop” cards are accepted anywhere, like any standard Visa or MasterCard. The majority of jewelry store credit cards are closed loop.

Credit score: An analysis of your credit history will determine your creditworthiness. This information helps a lender decide how much credit to offer, and how high or low of an interest rate to charge. The better your credit history, the lower your interest rate will be, and vice versa. Typically, credit scores are supplied by one of three credit bureaus: Experian, TransUnion, or Equifax. Credit scores have a numerical score on a scale of 300 to 850. What constitutes a good or bad credit score? Below is a rough breakdown of how credit scores are viewed as a reflection of your credit history:

  • Excellent Credit: 750 and higher
  • Good Credit: 700-749
  • Fair Credit: 650-699
  • Poor Credit: 550-649
  • Bad Credit: 549 and lower

The List of Jewelry Store Credit Cards

Kay Jewelers

  • Standard APR: 17% – 26.99%, depending on the state
  • Minimum monthly payment: 1/12th of the purchase, rounded up to the nearest $5, but not less than $40
  • Late fee: Up to $37
  • Annual fee: None
  • Card perks: None
  • Zero interest options: 12 months interest-free, available for a total purchase of $500 or more
  • Deferred interest?: Yes
  • Purchase requirements: 20% down payment required
  • Open/closed loopClosed
  • Instant approval available: Yes
  • Are Kay Jewelers jewelry store credit cards easy to get?: Fair to excellent credit is preferred, but approval rate is moderately high
  • How to apply: In-store or online

Zales

  • Standard APR: 29.24%
  • Minimum monthly payment: $25
  • Late fee: Up to $37
  • Annual fee: None
  • Card perks: Exclusive cardholder only coupons; $50 off a purchase of $200 or more on your birthday; free standard shipping everyday online; 10% off any repair service; chances to win prizes throughout the year
  • Zero interest options: None
  • Deferred interest?: Yes
  • Purchase requirements: $150 minimum purchase with six months special financing; $750 minimum with 12 months; $3,000 minimum with 18 months; $1,500 minimum with 36 months
  • Open/closed loopClosed; used only at Zales, Gordon’s, Zales Outlet, or Piercing Pagoda stores
  • Instant approval available: Yes
  • Are Zales jewelry store credit cards easy to get?: Fair to excellent (650+); moderately high approval rate
  • How to apply: In-store or online

Crown Jewelers (Has the Easiest to Get Credit Card)

  • Standard APR: 21%
  • Minimum monthly payment: 5% of outstanding balance or $25, whichever is greater
  • Late fee: $25
  • Annual fee: None
  • Card perks: None
  • Zero interest options: None
  • Deferred interest?No
  • Purchase requirements: All accounts opened without a credit check will initially require a small down payment; payment is determined individually. After making at least one purchase, with your account remaining in good standing for six months and an available balance on the account, you could be eligible for a “zero down account”
  • Open/closed loopClosed
  • Instant approval available: Yes
  • Are Crown Jewelers jewelry store credit cards easy to get?: No credit check! Everyone is approved
  • How to apply: Apply online

Helzberg Diamonds

  • Standard APR: 26.9% (but only a 7.99% APR with equal payments for 36 months on purchases of $799 or more)
  • Minimum monthly payment: The greater of $25 or 1% of your new balance
  • Late fee: Up to $35 and APR will increase to 28.9%. This penalty APR may apply indefinitely
  • Annual fee: None
  • Card perks: Free shipping; exclusive offers; all purchases are eligible for six months special financing; $50 off any purchase of $249.99 or more on your birthday; a free jewelry gift on the first anniversary of your membership
  • Zero interest options: Credit plans are available for 6, 12, or 18 months of interest-free periods, depending on the amount of the purchase
  • Deferred interest?: Yes
  • Purchase requirements: No interest on any purchase of $749 or more if paid in full in 12 months. No interest on any purchase of $4,999 or more if paid in full in 18 months.
  • Open/closed loopClosed
  • Instant approval available: Yes
  • Are Helzberg jewelry store credit cards easy to get?: Fair to excellent credit preferred; moderately high approval rate
  • How to apply: In-store or online

Jared Galleria of Jewelry

  • Standard APR: 17% – 26.99%, depending on state and creditworthiness
  • Minimum monthly payment: Depends on the plan. For the Diamond Plan, the minimum payment is 1/12th of the purchase, rounded up to the nearest $5, but not less than $70. For the Platinum, it is 1/18th of the purchase multiplied by 1.030 and rounded up, but not less than $250
  • Late fee: Up to $37
  • Annual fee: None
  • Card perks: None
  • Zero interest options: For the Diamond Plan, no interest on purchases of $1,000 or more, if paid in full in 12 months. For the Platinum, no interest for 12 months for any purchase of $5,000 minimum, then six months of interest at 9.9%.
  • Deferred interest?: Yes
  • Purchase requirements: 20% down payment for Diamond and Platinum plans
  • Open/closed loopClosed
  • Instant approval available: Yes
  • Are Jared Galleria of Jewelry jewelry store credit cards easy to get?: A score of 602 or higher for a greater chance of approval; moderate approval rate
  • How to apply: In-store or online

The Jewelry Exchange

  • Standard APR: 29.99%
  • Minimum monthly payment: The greater of $25, 3.5% of the new balance, or the sum of 1% of your new balance plus interest and late payment fees
  • Late fee: $37
  • Annual fee: None
  • Card perks: None
  • Zero interest options: Available for any purchase (minimum $500) if paid in full within 12 months
  • Deferred interest?: Yes
  • Purchase requirements: $500 minimum purchase
  • Open/closed loop: Closed
  • Instant approval available: No
  • Are The Jewelry Exchange jewelry store credit cards easy to get?: Fair to excellent credit; moderate approval rate
  • How to apply: In-store or online, with a 72-hour verification process. It is recommended to apply in person if you intend to pick up your purchase from a store

Blue Nile

  • Standard APR: 27.24%. There are also financing options for a 9.99% APR, if paid in full in 24, 26, 48, or 60 months
  • Minimum monthly payment: $27
  • Late fee: Up to $35
  • Annual fee: None
  • Card perks: Exclusive financing offers; special access to members-only offers and promotions
  • Zero interest options: Six months interest-free for purchases of $500 – $1,499.99 if paid in full; 12 months for purchases over $1,500 if paid in full
  • Deferred interest?: Yes
  • Purchase requirements: For six months no interest, a $500 purchase minimum. For 12 months no interest, $1,500. For a lower interest rate (as long as it is paid in full by the end of the time period), $2,000 minimum for a 24-month plan, $3,000 for a 36-month plan, $4,000 for a 48-month plan, and $6,000 for a 60-month plan
  • Open/closed loop: Closed
  • Instant approval available: Yes
  • Are Blue Nile jewelry store credit cards easy to get?: Fair to excellent; moderately high approval rate
  • How to apply: In-store or online.

Tiffany & Co.

  • Standard APR: 8% – 21%, depending on your state of residence
  • Minimum monthly payment: 4% of the new balance, but not less than $20
  • Late fee: Up to $10
  • Annual fee: None
  • Card perks: None
  • Zero interest options: Interest-free financing options are available, depending on your credit approval
  • Deferred interest?: No
  • Purchase requirements: $1,000 minimum for interest-free financing on engagement rings and Tiffany watches; $2,500 minimum for all other products
  • Open/closed loop: Closed
  • Instant approval available: Yes
  • Are Tiffany & Co. jewelry store credit cards easy to get?: Fair to excellent; moderate approval rate
  • How to apply: In-store and online

Jewelry Store Credit Cards: Final Thoughts

Jewelry store credit cards can come in handy, but there are potential dangers to using them. APRs tend to be higher than other types of credit cards, and therefore you might end up spending a great deal more in the long run than you intended. If you have a tendency to pay late, miss payments, or if there’s a chance that you simply won’t be able to afford to pay for your purchase before the high APR kicks in, consider your options carefully before signing the dotted line.

However, if you’re a frequent fine jewelry shopper, and you can pay off your balance within the interest-free or low-interest period, then one of these jewelry credit cards can absolutely benefit you. They can even be a great way to build credit, as the approval rates tend to be higher than a traditional credit card. Plan carefully, budget well, and enjoy your lovely new jewelry!

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