Zales Store Credit Card is designed for jewelry lovers, most especially for those that love shopping at Zales. This jewelry store credit card provides a low-cost to buy the best quality jewelries. It offers a no- and low-interest payment plans. But make sure you pay the balance off on time and in full.
With a fair to excellent credit score (660+), you could be considered for the Zales store credit card. This credit card has a standard rate of 29.99 percent, but offers no interest if you pay back the entire balance within six or 12 months (minimum purchase $500), which is the only card’s “reward.”
In addition to the high standard APR, there are fees to know about:
Zales Store Credit Card Fees
- Annual Fee – None
- Late Payment Fee – Up to $39
- Returned Payment Fee – Up to $39
Pros and Cons of the Zales Store Credit Card
Pros
- No- and low-interest payment plans.
- No annual fee.
Cons
- Very high standard APR.
Zales Credit Card Review
High-end jewelry is no small purchase, and it rarely goes on sale. So when birthdays, anniversaries, and the holidays roll around, many people are looking for ways to save on jewelry gift purchases. Zales credit card offers a way out.
The Zales Credit Card, only accepted at Zales stores, offline and online, normally has an astronomical 27 percent APR. However, the card does have a couple of attractive loan deals that allow you to borrow for as long as a year at no or low cost.
You can get a zero percent loan for six months if you spend more than $500 and put 10 percent down. You can also get a $1,000 no-interest loan for 12 months. The 12-month loan requires you to put 15 percent down and pay a $9.95 transaction fee. Still, that’s a lot better than paying 29.99 percent to carry a balance.
Whichever plan you choose, you must make minimum monthly payments of either $20 or 3 percent of your balance, whichever is greater and pay the entire balance off in the time allotted. However, as Zales itself notes, making the minimum payment will not pay off the balance in time. If you don’t make minimum payments, or if you’re ever late with a payment, you will be charged interest — at the 29.99 percent rate — dating back to the purchase date. That will be very costly.
To make sure this does not affect you, pay at least 20 percent of the balance each month if you choose the $500 option, or 10 percent of the balance if you choose the bigger loan option. That way you’ll have the balance paid off and not pay any interest.
