Best Credit Card For Engagement Rings Of 2025 – Forbes Advisor – Technologist

This is a bit of a loaded question because it ultimately comes down to how long you need to pay off the purchase. If you can pay for the ring in full by the statement due date, purchasing your engagement ring with a credit card can help you rake in some substantial rewards. Depending on the card, you could potentially get an edge in terms of purchase protection as well.

If you need to pay the ring off over time, choosing a credit card with a 0% introductory APR on purchases may be a great solution. If you don’t have access to a good intro APR offer, the interest you end up paying on this important purchase could cancel out the value of any benefits earned.

What About Jewelry Store Credit Cards?

We already discussed a range of credit cards that can help you finance an engagement ring and offer other benefits that can be useful in everyday life. If you’re already covered for everyday benefits and are focused on this singular purchase, you might want to consider using a jewelry store credit card like one of the following:

• Blue Nile Credit Card: Blue Nile offers several financing options specifically for large jewelry purchases, including no interest if paid in full for 6 or 12 months, or a low purchase APR for a 24-month period.
• Ritani Credit Card: This jewelry store credit card offers no interest if paid in full for up to 12 months, and low APR options for 36 or 60 months.
• Tiffany & Co. Credit Card: The Tiffany & Co. Credit Card offers low-interest financing for 24 months or a 0% intro APR for 12 months.

When looking at jewelry store credit cards, keep a few things in mind. The first is that it’s very common for these cards to have higher-than-usual APRs, which kick in once the promotional period has passed.

It’s also very common for these cards to offer deferred interest financing. This means that interest will be charged retroactively, all the way back to the initial purchase date, if you don’t pay your engagement ring off by the end of the special financing period.

Another issue to keep in mind is that most jewelry store credit cards don’t offer any benefits beyond store financing. Finally, if your jewelry store card doesn’t carry the logo of a major network like Visa, Mastercard or American Express, you can only use it with the store or company that issued it—not with other merchants.

Other Options for Financing Engagement Rings

• Buy now, pay later programs. Buy now, pay later programs or BNPLs, such as Klarna, Afterpay and Affirm, break large purchases down into installment payments. The BNPL company pays the merchant up front, so you can take possession of the ring. You will make installment payments per the terms of your agreement, which can include fees, interest charges or both.
• In-house financing. Some jewelry stores still offer in-house financing for big purchases like engagement rings. This is essentially a personal loan issued by the store, so be ready for the terms to vary depending on your creditworthiness. You can get preapproved for in-house financing, much as you would for a home mortgage.
• Layaway plans. This amounts to another in-house financing option, with the merchant breaking your purchase into installment payments. You typically don’t pay interest on a layaway purchase as you won’t take possession of the engagement ring until it’s paid off. But the merchant may charge fees, including storage fees.
• Personal loans. Getting a personal loan to finance your engagement ring is an option, but the terms of that loan—and whether you can get it—will vary depending on your creditworthiness. You can even apply for personal loans online.