I’m thinking of buying an engagement ring for... - Other Questions

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Credit Card Applications » Questions » User Questions » Other » I’m thinking of buying an engagement ring for my fiancee at Kay Jewelers. Does it make sense for me...

I’m thinking of buying an engagement ring for my fiancee at Kay Jewelers. Does it make sense for me to apply for a Kay Jewelers credit card before I make such a big purchase, or should I just use my regular credit card?

Answered on
The content is accurate at the time of publication and is subject to change.

First of all, congratulations! Second – that’s a great question. It’s tempting to want to apply for a Kay credit card when you’re about to make a purchase from their store. Before you do, though, think about what you’re really hoping to get from a new credit card. Will you be making many purchases at that store, after this one? If you don’t think you’ll have a reason to use that card very much after you pop the question, it might make sense to look at some other types of credit cards. Notice I didn’t say to just use the regular credit card you already have in your wallet. No, if you’re making a large purchase (people often spend two months’ salary, or more, on an engagement ring), it’s a good idea to find a great new credit card, perhaps one with 0% introductory rate so you won’t pay interest if you carry a balance.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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