Kay Jewelers Credit Card Review

Why Get The Kay Jewelers Credit Card

The Verdict: It’s time to buy that pricey engagement ring. Or maybe you want to surprise your spouse with a bracelet or necklace on your anniversary. Whatever the reason, you need to spend some big bucks on jewelry. Is a Kay Jewelers credit card the way to go? The answer? This review of the Kay Jewelers credit card shows that it all depends on how certain you are that you can pay off your jewelry purchase within 12 months.

Overview: The main benefit of the Kay Jewelers credit card is its 12-month payment plan. Under this plan, you won’t pay any interest on your Kay Jewelers purchase if you charge it with your Kay credit card and pay it off within 12 months. Be careful, though; if you don’t pay the entire amount of this purchase in full within those 12 months, you will be charged interest on the full amount of your purchase. That can be a hefty sum; the interest rate attached to this card can be quite high depending upon in which state you live.

How This Card Works: The Kay Jewelers Credit Card highlighted in this review can be used at all Kay Jewelers stores and online at Kay.com. The card does not come with a rewards program, it’s main benefit being the 12 months of no interest on Kay purchases.

Travel and Shopping Benefits: This card might make sense if you are set to spend $1,000 or more on jewelry. Otherwise, there aren’t many benefits to it. Yes, the Kay Jewelers credit card lets you view your account activity online and pay your bill electronically. But these are standard features that come with non-store-affiliated credit cards. And these cards often offer lucrative rewards programs along with lower interest rates.

Fees: The interest rate for the Kay Jewelers Credit card stand is high, coming in at 24.99 percent in most states. That’s a lot of interest, and it can add up to high credit-card debt if you don’t pay your bill in full each month. Other fees are standard: Late-payment fees can run up to $35 while the returned-payment fee can hit $30. There is no annual fee with this card.


  • No interest on Kay Jewelers purchases for 12 months.
  • Online bill paying.


  • High interest rate.
  • 12-month interest-free offer might backfire on consumers.

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