The Best Jewelry Credit Card: Your Ultimate Guide

There are few things in this world that are both exciting and rewarding then buying a beautiful piece of jewelry. But something that really can rain down on one’s parade when doing so is not having the right credit card to support the purchase. That’s why having the best jewelry credit card is so important. 

A good jewelry credit card lowers your interest rates, helps you earn cashback, offers bonuses incentives, and many more positives. Nice jewelry isn’t cheap and that’s why having a card like a retail furniture card is the best way to purchase jewelry. 

Credit CardProsCons
Kay Credit Card
  • No interest if the amount is paid in full by the due date.

  • $100 off jewelry during your birthday and anniversary month.
  • APR rate after intro rate is 29.99%
  • No loyalty points.
  • Helzberg Credit Card
  • Receive a $100 welcome bonus for joining the company.

  • Get $50 off your first purchase before your birthday and within the first year of $249.99 and $25 off during the holidays. 
  • Reported poor customer service
  • Reeds Credit Card
  • Receive a $100 welcome bonus for joining the company.

  • Get $50 off your first purchase before your birthday or within the first year of $249.99 and $25 off during the holidays. 

  • Offering some of the lowest rates from 0-9.99% financing from 6-36 months from when your account is opened. 
  • One of the highest APR rates offered on the market. Well above the usual 24.99 rates it comes in at 27.74%.

  • 1.11% cashback is considered to be on the low end. 
  • AMEX Cash Magnet Card
  • Earn $150 in statement credit when you spend $1,000 or more in the first 3 months of your card being opened. This in turn is $150 off your jewelry purchase. 

  • No annual fees.
  • Cashback is received in forms of regards which can really only be used for statement credits. 

  • American Express isn’t accepted everywhere. 
  • Chase Freedom Unlimited Card
  • Offers 1.5% cashback on your purchases but also will allow for those purchases to be rolled into Ultimate Rewards Points leading to better cashback offers.

  • The APR rate still is lower in comparison to jewelry credit cards after the 15 months ranging from 14.99 to 23.99%. 
  • American Express isn’t accepted everywhere.

  • A good credit score of 700+ is generally required. 
  • Often jewelry credit cards and general credit cards that fair well for purchasing jewelry are mysterious. But not anymore. We are breaking down what you need to know about credit cards that work well when purchasing jewelry. We also will break down the best options offered on the market right now. 

    Let’s get started. 

    What Qualities Should We Look For When Choosing the Best Jewelry Credit Card?

    Jewelry is expensive. That is especially true when we are talking about engagement rings and other fine pieces for specific occasions. Just like you would want to finance furniture for your home, you want to consider good financing options for jewelry. 

    No credit card will contain check all of the boxes as some will offer better incentives than others. However, depending on your situation you definitely want to make sure you tick a few of those key qualities. 

    Here are some important things to consider when looking at what a jewelry credit card has to offer.

    Loyalty Programs

    Are you a consistent jewelry shopper dedicated to one store? Great! First, check to see if that specific store has its own credit card. They are likely to offer the best incentives for you to sign up with them such as discounts, best points program, insurance, and more. 

    Anyone that offers their own store card will likely beat out competitors when it comes to what they have to offer for their own specific jewelry. This type of card does not make as much sense for those who are not loyal customers or not buying jewelry so often. 

    Insurance Incentives 

    While the store itself is likely to offer you insurance and wrap it into your financing, if a credit card itself does that then you are in good shape. Coverage for damage and theft/lost property on your piece of jewelry is a great feature on a credit card that should be ranked high on the priority list. 

    Low-Interest Rates/APR 

    Any jewelry credit card that has high-interest rates or APR is going to be a bad fit. Because you will want to likely pay this piece of jewelry off over time, the longer you take the more interest you will pay. This can add up very quickly if your interest charges are high. 

    Along with insurance incentives, low-interest rates should be one of the top priorities when searching for the right jewelry credit card. Why pay more for something that will already cost a pretty penny?

    Cashback

    The best jewelry credit cards or credit cards, in general, will have the best cashback offers. This is essentially like getting a discount for jewelry every time. Some customers may prefer these over points programs as the cash can be used to pay down the bill rather than get points to keep spending. 

    Jewelry Store Credit Cards

    Whether you are using a store-specific jewelry credit card or searching for a general credit card that bodes well for purchasing jewelry, you want to tick off some of the boxes mentioned above.  That’s why we have comprised a list of the best cards on the market and what makes them work well. We also go into what drawbacks they might have. 

    That’s important for comparing your options and getting the full story behind these jewelry credit cards. No one wants hidden fees and surprises after the damage has already been done.

    The Best Jewelry Credit Card on the Market Now

    Let’s section this off into jewelry store credit cards and general credit cards. 

    These are your specific cards dedicated to the stores you shop from. This is going to fall under the loyalty programs that we first mentioned. Let’s see what the major retailers have to offer and what makes their jewelry credit card different than the rest. 

    Something we need to keep an eye out for is called deferred interest. This is a financing trap that many think is a benefit where in reality can end up being a not-so-nice present for the purchaser. Deferred interest means that if the full balance is not paid off in the agreed amount of time, interest kicks in from the original purchase date. 

    Kay Credit Card – Kay Jewelers

    Kay Jewelers has been around since 1916 when they were originally founded in Pennsylvania. There is a reason that they hated over a decade in selling jewelry. With the Kay Credit Card, there are a number of incentives offered despite not having a loyalty point program. 

    Credit Required: 690+

    Pros:

    • No interest if the amount is paid in full by the due date. This is purchases for $500 within 6 months, $750 in 12 months, or $3,000 in 18 months respectively. 
    • Fixed-rate financing APR 0-16.99 on purchases of $1,500 or more in 36 months. 
    • $100 off jewelry during your birthday and anniversary month. 
    • Promotions are offered such as 10% off jewelry repair etc. 
    • Free shipping on orders over $50. 
    • Additional entries in sweepstakes. 
    • They accept excellent, good, and fair credit scores making it easy for many to apply. 

    Cons:

    • Deferred financing and interest kick in on any late payments without exceptions. 
    • APR rate after intro rate is 29.99% which is one of the highest on the markets.  
    • No loyalty points.
    • Few benefits that really go the extra mile. 

    Customer Reviews: 

    IT’s always important to consider some of the customer’s thoughts. The Kay Credit card gets rated 3.5 out of 5 stars. Many reported to introductory rates served them well and were a great card for purchasing jewelry. 

    The drawback reviews included dealing with the banker rather than Kay. They complained that customer service for Comenity Bank (the banker of Kay’s Credit Cards) was poor and often results in fees here and there. 

    Helzberg Diamond Credit Card

    With some rewards on the way, Helzberg Diamond Credit Card gets has some incentives to offer you. Some customers say they aren’t out of this world compared to other credit cards. Other customers think for the quality product this jewelry credit card is worth the try. 

    Credit Required: 690+

    Pros:
    • There are plenty of exclusive offers that are only reserved for those who have their credit card. 
    • Receive a $100 welcome bonus for joining the company.
    • Get $50 off your first purchase before your birthday or within the first year of $249.99 and $25 off during the holidays. 
    • Offering some of the lowest rates from 0-9.99% financing from 6-36 months from when your account is opened. 
    • No annual fees.

    Cons:

    • Reported poor customer service

    Customer Reviews: 

    This credit card also scores 3.5/5 stars from confirmed clients. The positives were that many customers took advantage of all their loyalty program incentives. The cons were again towards Comenity Bank and their poor customer service. 

    Reeds Jewelers Credit Card

    Reeds is a fan favorite which is why we have saved it for last in terms of the jewelry credit cards you can get specifically from stores. With the highest customer satisfaction on the market right now, Reeds Credit Card has the best loyalty program incentives. This makes being a loyal customer of their stores worth it. 

    Credit Required: 700+

    Pros:

    • There are plenty of exclusive offers that are only reserved for those who have their credit card. 
    • Receive a $100 welcome bonus for joining the company.
    • Get $50 off your first purchase before your birthday or within the first year of $249.99 and $25 off during the holidays. 
    • Offering some of the lowest rates from 0-9.99% financing from 6-36 months from when your account is opened. 
    • No annual fees.

    Cons:

    • That original low rate slips into oblivion as they get you with one of the highest APR rates offered on the market. Well above the usual 24.99 rates it comes in at 27.74%. Considering their jewelry isn’t the cheapest that can result in thousands of tacked-on dollars. 
    • 1.11% cashback is considered to be on the low end. 

    Customer Reviews: 

    This jewelry credit card also scores 3.5/5 stars from confirmed clients. The positives were that many customers took advantage of all their loyalty program incentives. The cons were again towards Comenity Bank and their poor customer service. 

    If you have low credit and fear being denied from these credit cards check out our guide on these top websites that offer “buy now, pay later no credit checks.

    Non-Jewelry Specified Cards

    These are just a few credit cards that are not linked to specific jewelers which means you will likely not receive loyalty benefits to said store. However, these cards may offer better interest rates among other benefits that you may not get with a jewelry store credit card.

    Let’s have a look. 

    American Express Cash Magnet Card

    The Amex Cash Magnet Card is an excellent option for those looking to make more expensive jewelry purchases because it offers a great APR intro rate and fantastic cashback. With a 0% intro APR rate for the first 15-months upon opening your card, you catch a major break on paying interest. 

    Credit Required: 700+

    Pros:

    •  0% APR Intro rate for the first 15 months from the date that you open your jewelry credit card. This saves on interest significantly. 
    • Unlimited 1.5% cashback on all purchases. 
    • Earn $150 in statement credit when you spend $1,000 or more in the first 3 months of your card being opened. This in turn is $150 off your jewelry purchase. 
    • No annual fees.

    Cons:

    • Cashback is received in forms of regards which can really only be used for statement credits. 
    • American Express isn’t accepted everywhere. 
    • A good credit score of 700+ is generally required. 

    Customer Reviews: 

    Many customers loved this credit card with an overall rating of 3.5/5 stars. The positives included that they had efficient payment plans that kept their customers on track with great rewards.

    Some of the drawbacks are noted that good credit isn’t the only inspection. American Express may look at a number of other things to determine whether you are eligible or not. 

    Chase Freedom Unlimited

    Coming in a close second is the Chase Freedom Unlimited card. It offers some of the best cashback options on the market which is why it is an excellent option for a jewelry credit card to purchase jewelry. 

    Credit Required: 700+

    Pros:

    • Also offers a 0% APR intro rate for the first 15 months saving on interest.
    • Offers 1.5% cashback on your purchases but also will allow for those purchases to be rolled into Ultimate Rewards Points leading to better cashback offers. 
    • The APR rate still is lower in comparison to jewelry credit cards after the 15 months ranging from 14.99 to 23.99%. 

    Cons:

    • Must have excellent credit to qualify

    Customer Reviews: 

    While we aren’t trying to save the best for last this credit card actually gets 5/5 stars on customer reviews and all have great things to say about it. That’s because the cashback and incentives are great for purchasing jewelry or anything else for that matter. 

    The only drawback any customer reported wasn’t in fact customers. It was that the card was too hard to apply for because of its demand for high credit scores. 

    Making the Big Purchase

    Spending a significant amount of money on jewelry is both exciting and a little worrisome. That’s why having a trusted and great-performance jewelry credit card is important to have in your wallet. Knowing which cards make the most sense for you will require a breakdown of what purchases you plan to make and from who. 

    If you find yourself a loyal member of a specific jewelry store then it may be worth talking to a store specialist about the benefits that are included with their credit cards. Typically, their APR rates are going to be higher than a non-jewelry store credit card but those percentages may only apply if you don’t pay your bill on time. 

    If you are only looking to make a few special purchases here and there then one of the two credit cards listed above is an excellent choice. They offer you to get cashback and allows you to benefit from the card outside of jewelry store purchases. 

    Whatever you decide make sure to go through all the special offers, rates, and minor details so no hidden fees or surprises arise.

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