The Ultimate Guide to Credit Cards
Monday, March 20, 2023

4 Best Credit Cards for Jewelry Purchases

4 Best Credit Cards For Jewelry Purchases

credit card advice

Toby Sembower

Written by: Toby Sembower

Toby Sembower

Toby founded Digital Brands, the parent company of CardRates.com and its sister sites, and now serves as Chairman of the Board. He lends his 15 years of credit card industry experience to educate consumers on the responsible use of credit. His knowledge base spans credit card reward programs to credit repair, lending, and credit bureau reporting.

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Edited by: Lillian Guevara-Castro

Lillian Guevara-Castro

Lillian brings more than 30 years of editing and journalism experience. She has written and edited for major news organizations, including The Atlanta Journal-Constitution and the New York Times, and she previously served as an adjunct instructor at the University of Florida. Today, she edits all CardRates content for clarity, accuracy, and reader engagement.

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Reviewed by: Ashley Dull

Ashley Dull

With more than a decade of experience as a content manager and marketer, Ashley has specialized in finance coverage since 2015. She has worked closely with the world’s largest banks and financial institutions, up-and-coming fintech companies, and press and news outlets to curate comprehensive content and media campaigns. Her credit card commentary is featured on national media outlets that include CNBC, MarketWatch, Investopedia, and Reader's Digest, among others.

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Advertiser Disclosure

Shopping for the right piece of jewelry be it a diamond engagement ring or simple pearl necklace can be daunting enough. Besides the high cost that may take years to save for, the quality measurements used by jewelers can seem arbitrary and overly complicated.

Adding to the complication is how to pay for the purchase. While your first inclination might be to write a big check or even hit the ATM for some big bills, those are actually the last options you should consider. Instead, by using the right credit card for your jewelry purchase, you will come out ahead in a number of ways:

I’m sure you read that list and thought, “Well that sounds great. How do I get started?” It’s actually quite simple: we’ve done the research and compiled below the cards that are best to use on jewelry purchases. Simply click on your card of choice to visit its official online application:

1. 0% APR Cards for Jewelry Purchases

If you don’t have the money on hand to pay for the purchase, a 0% intro APR card is the way to go. By charging your jewelry purchase to such a card, you won’t have to pay any interest on the purchase for up to 15 months, giving you plenty of time to pay off the purchase without accruing interest:

BankAmericard® credit card Review

at Bank Of America'ssecure website

0% INTRO APR RATING

★★★★★
4.9

OVERALL RATING

  • 0% Introductory APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.49% - 25.49% Variable APR will apply. A 3% fee applies to all balance transfers.
  • No annual fee.
  • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 21 billing cycles for purchases
0% Intro APR for 21 billing cycles for any balance transfers made in the first 60 days
15.49% - 25.49% Variable APR on purchases and balance transfers
$0
Excellent/Good

Additional Disclosure: Bank of America is a CardRates advertiser.

+See more 0% Intro APR cards »

2. Cash Back Cards for Jewelry Purchases

If you plan on paying off your jewelry purchase right away, you’ll want to consider using a cash back card. Wouldn’t it be nice to get 1% or even 5% — cash back on such a big purchase? Not to mention, a nice one-time cash bonus just for using the card? With all that extra cash, you might even be able to thrown in those eye-catching gold earrings you thought you couldn’t afford. Here is the best cash-back card to consider:

CASH BACK RATING

★★★★★
5.0

OVERALL RATING

  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.49% - 28.24%.
  • No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
19.49% - 28.24% Variable
$0
Good/Excellent

+See more Cash Back cards »

3. Air Miles Cards for Jewelry Purchases

What’s even better than a shiny new silver bracelet? How about a free trip to Hawaii? Or a few nights at the Ritz? Cards like the following are offering ridiculous air miles and travel points that you can use on any airline and at any hotel:

Discover it® Miles Review

at Discover Card'ssecure website

AIR MILES RATING

★★★★★
4.9

OVERALL RATING

  • UNLIMITED BONUS: Only Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.
  • Automatically earn unlimited 1.5x Miles on every dollar of every purchase - with no annual fee.
  • Redeem Miles to pay any part of your monthly bill, including your minimum payment.
  • Turn Miles into cash in any amount, any time. Or redeem as a statement credit for travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more with no blackout dates. However you redeem, Miles keep the same value. And Miles never expire.
  • 0% intro APR for 15 months on purchases. Then 16.49% to 27.49% Standard Variable Purchase APR will apply.
  • Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 months
0% Intro APR for 15 months
16.49% - 27.49% Variable APR
$0
Excellent/Good

+See more Air Miles cards »

4. “Fair Credit” or “No Credit” Cards

OK, so you may have noticed that the aforementioned cards all require a good-to-excellent credit rating for approval.  What if you have a so-so credit rating are there options for you? Sure there are. This card in particular not only approves those with imperfect credit, but also features a sweet 0% APR deal and significant cash back on your purchase:

FAIR CREDIT RATING

★★★★★
4.7

OVERALL RATING

4.0/5.0
  • No annual or hidden fees. See if you're approved in seconds
  • Be automatically considered for a higher credit line in as little as 6 months
  • Help build your credit through responsible use of a card like this
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Get access to your account 24 hours a day, 7 days a week with online banking from your desktop or smartphone, with Capital One's mobile app
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
29.74% (Variable)
$0
Average, Fair, Limited

+See more Fair Credit cards »

Why Avoid Jewelry Store Charge Cards?

Your sales rep at Kay or Zales will undoubtedly try to convince you to sign up for a store card to finance your purchase. After all, it’s their job to get you to sign up for it, and they may make a nice bonus if you give them all your personal details to apply.

If you’re considering this option, there are five things you’ll want to ask first. In fact, we’ll save you the trouble and answer these questions before you even have to ask them:

  • “Will I go 15 months without paying interest?” (Probably not)
  • “Will you give me a 1-5% cash bonus on this?” (No)
  • “Will I get a free trip to Hawaii out of this?” (No)
  • “Can I get approved with bad credit?” (No)
  • “Can I use this card anywhere else besides this particular store?” (No)

These days, some store credit cards may offer special financing or purchase rewards, but read the fine print. Your typical retail financing deal will include deferred interest, which means you’ll need to pay off your entire financed amount before the end of the promotional period or you’ll be charged interest on the full amount.

Of course, these answers can all be “yes” if you use a traditional credit card to make your purchase like the ones mentioned above. Not only will traditional credit cards get you big bonuses for your jewelry purchases, but they can get you rewarded for all your other purchases as well.

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.