The Zales credit card offers financing terms and a very long list of perks. But you will not get an actual 0% intro APR offer, and it earns no rewards.
When you need some time to repay a bling gift for yourself or that special person, use the Zales credit card or the Diamond Credit Card.
Issued by Comenity Bank, it can help take pressure off your finances with a few various financing options and rewards. Now, depending on your plans, though, it may not be as valuable as other credit cards that offer rewards or a sign-up bonus.
What are the Benefits of the Zales Credit Card?
Some store-brand credit cards have more than one variation: one that you can use almost anywhere and one that you can use solely at that brand. The Zales credit card is an example of the latter kind; you can use it at Zales’ stores or online at Zales.com, and that’s it.
If you prefer a do-everything credit card, consider one like the $0-annual-fee Wells Fargo Active Cash® Card. It gives 2% cash back on purchases and offers a sign-up bonus: Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
Also, there’s an intro APR: get a 0% intro APR on purchases for 12 months and a 0% intro APR on balance transfers for 12 months from account opening on qualifying balance transfers, then the regular APR of 19.24%, 24.24%, or 29.24% variable APR.
That’s an extended period of time that you don’t have to pay interest, and it should give you enough time to pay off a purchase you make at Zales—or at another jeweler.
Are there Zales Credit Card Financing Options?
Yes! The Zales credit card has plenty of financing options, varying with the amount of purchase. The terms of the Zales credit card are:
- Special six-month financing on purchases of $300 or more.
- Special 12-month financing on purchases of $750 or more.
- Special 18-month financing on purchases of $3,000 or more.
Before committing to this kind of offer, though, one needs to understand how it works. It’s not actually a 0% APR offer, where interest is charged only when the promotion period expires and just on the remaining balance.
No, the “special financing” deals on the Zales credit card are deferred interest promotions, so if you don’t pay off the entire amount you borrowed by the end of the promotional period, you’ll be charged interest on the entire amount, all the way back to your original purchase date.
If you don’t want to pay that fee, it can put you in debt, especially with the high interest rate of the card. (More on this later.)
Does Zale Have an APR?
Yes. With a high recurring interest cost of more than 33% as of March 2024, you can be paying off your bill for decades if you’re paying for a common purchase or the promotional period expires on a financing offer.
For reference, the average interest rate on a credit card charged interest as of November 2023 was 22.75%. If you pay off a deferred interest offer in full within the promotional period, you’ll not have to pay any interest.
But if you have any doubt about whether or not you’ll be able to do that, instead apply for an actual 0% intro APR promotion.
Use the credit card like the $0-annual-fee Wells Fargo Reflect® Card, featuring a 0% intro APR for 21 months from account opening on qualifying purchases and balance transfers, then the ongoing APR of 17.24%, 23.74%, or 28.99% variable APR.
In case you have a balance remaining by that time, you’ll only be charged interest on it, and only thereafter.
Last Lines
These could be worth rewards, but only if you plan on repeated spending at Zales. A cash-back charge card could be more valuable and/or more flexible because those rewards accrue seamlessly with regular purchases, and you could possibly use them towards whatever you want, even a purchase at Zales.
A card like the Capital One Savor Cash Rewards Credit Card, for instance, earns 3% cash back on dining, streaming services, entertainment, and grocery store purchases.
It earns rewards in other categories as well. It has a high-value sign-up bonus: earn a one-time $200 cash bonus when you spend $500 on purchases within the first 3 months from account opening.
This card also offers a way to buy on a genuine 0% APR: Get a 0% intro APR on purchases and balance transfers for 15 months; 19.24%-29.24% variable APR thereafter; balance transfer fee applies.
