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This article was last updated May 03, 2012, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.
Is it time to pop the question? Looking to buying mom that little something special for her big day coming up? Is a birthday around the corner? If so, you might be looking to a jewelry store to buy that special gift. However, with the high cost typically associated with buying jewelry and other similar keepsakes, most people put these purchases on a credit card. If you’re looking to make that special buy at Zales, you should read this review before you apply for the Zales Credit Card.
Zales Credit Card Special Financing
If you’re looking to pick up some jewelry from Zales, they have several special financing options with the Zales Credit Card:
- No Interest if paid in full within 6, 12 or 18 months. After, 29.99% variable APR.
- 9.99% APR if paid in full in 36 months. After, 29.99% variable APR.
Be very mindful, however, of the catch on these promotional plans. If you do not pay off your balance before the period ends, you will be charged interest from the time you made the purchase. For example, if you utilize the 6-month special financing offer and you’re $100 or $200 short after 6 months, you will be charged interest on your entire purchase amount for 6 months and whatever time it takes you to pay the rest of the balance off. Deferred interest is the term credit card issuers use, and it sucks.
Zales Pricing Details
There is no annual fee to use the Zales Credit Card, but like most store credit cards, there is a very high 29.99% variable APR charged to the card. At 29.99% variable APR, the Zales Credit Card should be paid off monthly to maximize the benefits of the card, otherwise, this card becomes a money loser. Unfortunately, this card can only be used at Zales, Zales.com, or their outlet store, as its not backed by any of the major credit card companies like MasterCard, Visa, or American Express. Because of this, there are few added perks outside of making Zales purchases using a promotional plan.
If you need to make a jewelry purchase, whether it be at Zales or another store, using a store card is not the way to go. The insanely high 29.99% variable APR and catches to their regular promotions make the Zales Credit Card a risky one to own, never mind use for purchases small or large. The Zales Credit Card has no current offers or perks to make this anything more than a card to pass on. Recommendation to avoid at all costs.
*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.