Cardholders will not pay interest on the 6, 12, and 18-month finance plans if the stock plan balance is paid in full during the stock period. However, when this is not the case, the consequence of this funding delay can be dangerous as it is not a 0% APR. If you do not pay your plan balance before the end of the promotional period, your account will be charged interest that is calculated daily.
This Kay Jewelers Credit Card is designed for customers who need to make big purchases at Kay Jewelers. While the rewards on this credit card aren’t all that impressive, there may be situations where it’s a good idea to get this credit card. In this Kay Jewelers credit card review, let’s learn more about this credit card in detail.
Frequently Asked Questions
What is a Kay Jewelers credit card?
Basically, it is a unique branded credit card created by Kay Jewelers in partnership with Comenity Bank. Above all, this credit card offers a unique financing period for purchases at Kay Jewelers.
How does Kay Jewelers credit card work?
Once you receive a credit card, you can purchase $500 or $3,000 or more and receive a special 12-month or 36-month funding period. That means you pay little or no interest on this purchase. However, if you miss a single payment, the actual APR (which typically starts at 17% per annum) will be applied to the lump sum.
How easy is it to get a Kay Jewelers credit card?
Since you are likely to be accepted even with a credit score of 605, it is safe to say that this credit card is elementary to obtain. What’s even better is that you can pre-qualify for this credit card. This means that your credibility will not be reduced even if you are not admitted.