When you walk into a Kay Jewelers store or even view their selection over the Internet you may be surprised at the affordability of the jewelry. However, even though Kay’s offers affordable jewelry it is still expensive and can be quite difficult to buy straight out. That is why Kay’s offers some financing options to buyers to help them make their purchases. There are short term financing options, long term financing options, and then an open credit account that is revolving and has interest applied to it.
Short Term Financing
The short term financing offer Kay’s has is three months of free financing. This is not a special they always have, but many times it is in place to help people make their jewelry purchases. This is especially the case during the holidays and special months of the year like Mother’s Day. The three months of free financing allows the purchase price to be divided into three equal payments and no interest charges whatsoever apply.
Free One Year Financing
When you purchase jewelry costing $500 or more then you may qualify for free financing for an entire year. You must have a down payment of at least 20%, which would be $100 for a $500 purchase. Once you have made your down payment then the balance is divided into payments for one year. No interest is applied to these 12 monthly payments so if the purchase price was $500 exactly and $100 was paid down then the monthly payments would be $33.33. That is certainly affordable to pay each month and makes buying a $500 gift much easier.
Revolving Credit Account
Kay’s Jewelry also offers a revolving credit account for those who want a little more spending power and more control over when they pay and how much. The monthly payments on the revolving account are lower, but there is interest that is applied so that should be kept in mind. The car has no annual fee and you can apply online and receive immediate approval. Once you have the card is it easy to manage it right over the Internet. Credit limits for the Kay’s Jewelry credit card will depend significantly on your credit score when apply. Keep in mind, however, that just because you are approved for a large number does not mean you must use all of your credit.
Kay’s does a wonderful job of making the entire process of buying jewelry easier than ever. You will find that the staff at Kay’s Jewelry stores are knowledgeable and helpful and they can help you find exactly what you are looking for. And, once you do find what you are looking for they will help you determine the financing options that are available and that will work best for you.