Stores That Do Engagement Ring Financing (Even With Bad or No Credit)

You want to pop the question, but you must first get your hands on that engagement ring she’s been hinting for. If you don’t have cash in hand, you’ll need to consider financing of some sort. But where do you start? And what if your credit is less than stellar? Not to worry — we’ve done the legwork for you and have laid out financing options to consider, whether your credit is perfect or non-existent. Read on to learn more about the best engagement ring financing options for you and your budget.

In This Article

Engagement Ring Financing Options

If you can’t afford to buy an engagement ring outright, you’re in luck. There are a number of engagement ring financing options you can use.

Bank or Credit Union Loans

Banks and credit unions typically offer personal loans for large purchases, which may include engagement rings. If you have decent credit, a steady income, and an established history with your bank or credit union, you may be able to get a personal loan to finance your engagement ring.

One advantage of a personal loan is that you’ll often have lower interest rates than a credit card or in-store financing program. However, you typically need good to excellent credit to qualify for a personal loan.

Credit Cards

If you have good credit, you can consider using a credit card to purchase an engagement ring. You can even get free money toward your engagement ring if you apply for a new card because many credit cards offer signup bonuses in the form of cash back after you spend a certain amount — and an engagement ring will easily meet any signup bonus threshold for spending. Check out our article How to Get Money for Free to find credit card offers with cash-back signup bonuses.

Store Financing

The most common way to finance an engagement ring is directly through a store. In particular, most jewelry stores offer store credit cards or other in-store financing options for purchases, including engagement rings. This means you can make an initial down-payment, take the ring home with you, and then continue to make periodic payments — including interest payments.

Places That Offer Engagement Ring Financing

The following stores offer traditional financing options for engagement rings. Most of these stores have introductory low-interest or zero-interest rates that vary according to the financing program levels. However, these stores may charge the standard APR after you’ve made a certain number of payments or if you miss any payments. APR, or annual percentage rate, is the total amount of interest paid annually on a loan — the lower the APR, the lower the monthly payments. We’ve listed the standard APR for you as well as the special introductory APR rates so you can know how to potentially snag lower interest rates.

Most jewelry stores offer a variety of financing plans with different term lengths, which can range from six months to 60 months (five years). Shorter financing terms typically mean higher payments but lower interest rates, which means you’ll pay less overall for the same item on a six-month plan than you would on a longer plan.

We contacted customer service representatives to verify the credit levels required to qualify for these in-store financing and card offers.

1. Blue Nile

NOTE: Blue Nile is an online jewelry store with no physical retail locations.

  • Financing options: 6-month, 12-month, 24-month, 36-month, 48-month, and 60-month plans
  • Credit level required: Fair to excellent
  • Special introductory APR offers available? Yes: No interest for 6-month and 12-month plans; 9.99% APR for 24-month, 36-month, 48-month, and 60-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
  • Standard APR: 29.99%
  • Minimum purchase requirements: $500 for 6-month plan; $1,500 for 12-month plan; $2,000 for 24-month plan; $3,000 for 36-month plan; $4,000 for 48-month plan; $6,000 for 60-month plan
  • Source: Blue Nile Credit Card page
  • Apply for financing at Blue Nile
  • Start shopping at Blue Nile

2. Fred Meyer Jewelers

  • Financing options: 6-month, 12-month, and 48-month plans
  • Credit level required: Fair to excellent
  • Special APR introductory offers available? Yes: No interest for 6-month and 12-month plans; 8.99% APR for 48-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
  • Standard APR: 28.99% for new accounts; 23.73% to 29.99% for existing accounts; 8.99% for 60-month plan
  • Minimum purchase requirements: $299 for 6-month plan, $999 for 12-month plan; $1,499 for 48-month plan
  • Source: Fred Meyer Jewelers Credit Offers page
  • Apply online for Fred Meyer Jewelers credit
  • Find your nearest Fred Meyer Jewelers

3. Helzberg Diamonds

  • Financing options: 6-month, 12-month, 36-month, and 60-month plans
  • Credit level required: Fair to excellent
  • Special APR introductory offers available? Yes: No interest for 6-month and 12-month plans; 7.99% APR for 36-month plans; 9.99% APR for 60-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
  • Standard APR: 24.9% to 26.9% for 6-month, 12-month, and 36-month plans; 7.99% to 26.9% for 60-month plans
  • Minimum purchase requirements: No minimum for 6-month and 12-month plans, $1,499 for 36-month plan; $4,999 for 60-month plan
  • Source: Helzberg Diamonds Jewelry Financing Options
  • Apply online for Helzberg Diamonds credit
  • Find your nearest Helzberg Diamonds

4. Jared the Galleria of Jewelry

  • Financing options: 12-month Diamond Plan; 18-month Platinum Plan; Jared Credit Card
  • Credit level required: Fair to excellent
  • Special introductory APR offers available? Yes: No interest for 12-month plans; no interest for the first 12 months and 9.9% APR for the remaining 6 months on 18-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
  • Standard APR: 17% to 24.99%, depending on the state
  • Minimum purchase requirements: $1,000 for 12-month plan; $5,000 for 18-month plan
  • Source: Jared Credit Financing Offers
  • NOTE: Jared financing programs require a downpayment of 20% (does not apply to credit card)
  • Apply online for Jared credit
  • Find your nearest Jared the Galleria of Jewelry

5. Kay Jewelers

  • Financing offers: 12-month plan or Kay Credit Card
  • Credit level required: No specific credit score requirements, according to Kay customer service representatives. Credit decisions are based on store discretion according to your credit picture as a whole.
  • Special introductory APR offers available? Yes: No interest for 12-month plan. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
  • Standard APR: 17% to 24.99%, depending on the state
  • Minimum purchase requirements: $500 (12-month plan only)
  • Source: Kay Credit Financing Offers
  • NOTE: Kay Jewelers financing programs require a downpayment of 20% (does not apply to credit card)
  • Apply online for Kay Jewelers credit
  • Find your nearest Kay Jewelers

6. Kmart

7. Sears

8. Shane Co.

  • Financing offers: 6-month, 24-month, 36-month, 48-month, and 60-month plans
  • Credit level required: Fair to excellent
  • Special introductory APR offers available? Yes. No interest for 6-month plans; 9.99% for 24-month plans; 10.99% for 36-month plans; 11.99% for 48-month plans; 12.99% for 60-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
  • Standard APR: 28.99% for new accounts; 24.99% to 29.99% for existing accounts
  • Minimum purchase requirements: None
  • Source: Shane Co. Financing Options
  • Apply online for Shane Co. credit
  • Find your nearest Shane Co.

9. Sterling Family of Jewelers

10. Walmart

11. Zales

  • Financing offers: 6-month, 12-month, 18-month, and 36-month plans
  • Credit level required: Not disclosed by issuing bank (Comenity Capital Bank)
  • Special introductory APR offers available? Yes: Special interest rates determined by Comenity Capital at time of application for financing. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
  • Standard APR: 29.24%
  • Minimum purchase requirements: $150 for the 6-month plan; $750 for the 12-month plan; $1,500 for the 18-month plan; $3,000 for the 36-month plan
  • Source: Zales Credit Services page and customer service
  • Apply online for Zales credit
  • Find your nearest Zales

Stores That Offer Engagement Ring Financing If You Have Poor/No Credit

Poor Credit Financing Options

Some jewelry stores offer alternate financing programs for people with credit that is not in the best shape. Affirm’s Buy Now, Pay Later program is a popular financing option for buying with poor credit. This third-party financing company doesn’t run a full credit check when a customer applies — instead, it runs a “soft” credit check which is just for identification purposes and doesn’t affect your credit score. Most credit levels are approved.

If you do not make payments on time with Affirm, you can hurt your credit score and impact your future ability to use Affirm’s financing program.

The following online jewelry stores offer easy financing options, including for those with bad or poor credit scores, through Affirm:

12. Diamond Wave

  • Financing offers: 3-month, 6-month, and 12-month plans
  • Financing source: Buy Now, Pay Later with Affirm
  • Credit level required: Most buyers are approved
  • Standard APR: 10% – 30%
  • Minimum purchase requirements: None, but in some cases, you may be required to make a downpayment if Affirm is unable to finance the full amount.
  • How it works: Shop at DiamondWave.com and then choose the Affirm payment option at checkout
  • Source: Diamond Wave Buy Now Pay Later Jewelry
  • Start shopping at DiamondWave.com

13. ICE

  • Financing offers: 3-month, 6-month, and 12-month plans
  • Financing source: Buy Now, Pay Later with Affirm
  • Credit level required: Most buyers are approved
  • Standard APR: 10% to 30%
  • Minimum purchase requirements: None, but in some cases, you may be required to make a downpayment if Affirm is unable to finance the full amount.
  • How it works: Shop at ICE and then choose the Affirm payment option at checkout
  • Source: ICE Jewelry Payment Plans
  • Start shopping at ICE

14. Super Jeweler

  • Financing offers: 3-month, 6-month, and 12-month plans
  • Financing source: Buy Now, Pay Later with Affirm
  • Credit level required: Most buyers are approved
  • Standard APR: 10% to 30%
  • Minimum purchase requirements: None, but in some cases, you may be required to make a downpayment if Affirm is unable to finance the full amount.
  • How it works: Shop at SuperJeweler.com and then choose the Affirm payment option at checkout
  • Source: Affirm Pre-Qualifying Page
  • Start shopping at SuperJeweler.com

No Credit Financing Options

In some cases, you can get engagement ring financing without a credit check. These financing arrangements generally require a regular, provable source of income and a funding source, such as a checking account, debit card, or credit card.

Some jewelry stores offer financing through Progressive Leasing, a company that provides consumer lease-to-own programs with no credit check. You can learn more about this in our article The List of Progressive Leasing Stores.

The following stores offer financing options that do not require a credit check: 

15. Crown Jewelers

16. Gage Diamonds

17. Helzberg Diamonds: Progressive Leasing

  • In-store or online? In-store and available at select locations. Contact your nearest Helzberg Diamonds to find out whether they have Progressive leasing options.
  • Requirements: Must be 18, have a valid Social Security number, active checking account, and a debit or credit card
  • Payment options: 90-day buyout option; maximum 12-month lease
  • Standard APR: Instead of interest, lease payments are 16.67% of the amount financed per month.
  • Source: Helzberg Diamonds Progressive Leasing page
  • Find your nearest Helzberg Diamonds

18. REEDS Jewelers: Progressive Leasing

For even more options for jewelry stores that will work with your poor or no credit status, check out our article, Jewelry Stores That Finance Bad Credit.

In Summary

Whether you choose no-credit financing or traditional financing, there are many ways to afford the engagement ring you want. Consider the cost of repayment, along with finance charges, when setting your budget, and shop around for the best interest rates.

Suggested articles: Review: Walmart Engagement Rings and Here Are the Places You Can Design a Ring In-Store and Online

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