Stores That Do Engagement Ring Financing (Even With Bad or No Credit)

Engagement rings can be a significant investment, but most jewelry stores offer some sort of financing program, and many even have programs for those with less-than-perfect credit. Common financing options include in-house financing through the jeweler, store credit cards, and lease-to-own programs.

If you have fair to good credit, you can consider using a jewelry store credit card to purchase an engagement ring. Most come with special, no-interest financing plans for the first year, which is a convenient option if you are able to pay off the ring in under a year.

If you don’t want to open a credit card, many stores also offer in-house financing programs, the terms of which vary by retailer. Some stores also partner with third-party companies like Progressive Leasing (which offer lease-to-own programs) or Affirm (which offers traditional financing). These types of programs can be helpful to customers with bad credit — Progressive Leasing does not do a credit check, and Affirm approves most buyers. You must apply for each of these programs separately, but you can usually apply directly from the jewelry store’s checkout page.

What We Recommend

If you don’t mind shopping online for an engagement ring, Blue Nile and SuperJeweler both offer a wide range of styles at competitive prices. Blue Nile offers financing plans through its store credit card, and SuperJeweler offers the flexibility of an in-house financing program that approves most buyers.

If you prefer to shop in person and you have poor credit, consider Reeds Jewelers. It offers both Progressive Leasing options and financing through Affirm for its wide range of engagement ring styles and designers, so it likely has a financing option that fits your needs.

For traditional jewelry store chains with nationwide locations and store credit cards with financing programs, Kay and Zales are good options for finding competitive prices and quality products.

The List

The following stores offer some type of financing options for engagement rings, including some with options for poor credit and. Most of these stores have introductory low-interest or zero-interest rates that vary according to the financing program levels. However, these stores may charge the standard APR after you’ve made a certain number of payments or if you miss any payments.

Most jewelry stores offer a variety of financing plans with different term lengths, which can range from six months to 60 months (five years). Shorter financing terms typically mean higher payments but lower interest rates, which means you’ll pay less overall for the same item on a six-month plan than you would on a longer plan.

We contacted customer service representatives to verify the credit levels required to qualify for these in-store financing and card offers. We’ve ordered the list below starting with the best overall options and reputable stores.

Blue Nile

Retail locations? No
Financing options: Store credit card with 6-month, 12-month, 24-month, 36-month, 48-month, and 60-month plans
Credit level required: Fair
Deposit required: None
Special introductory offers: No interest for 6-month and 12-month plans; reduced APR for 24-month, 36-month, 48-month, and 60-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
Minimum purchase requirements: $500 for 6-month plan; $1,500 for 12-month plan; $2,000 for 24-month plan; $3,000 for 36-month plan; $4,000 for 48-month plan; $6,000 for 60-month plan
Find out more or apply

Reeds Jewelers

Retail locations? Yes
Financing options: Credit account (with special financing periods), financing through Affirm, or Progressive Leasing
Credit level required: Fair for credit account; poor for Affirm financing and Progressive Leasing
Deposit required: None
Special introductory offers: No interest if paid in full for 6-month and 12-month credit programs; reduced APR for loner-term programs
Minimum purchase requirements: None
Find out more or apply, or visit a Reeds location

SuperJeweler

Retail locations? No
Financing options: SuperJeweler in-house financing; 3-month, 6-month, and 12-month plans
Credit level required: Poor; most buyers are approved
Deposit required: None
Special introductory offers: None
Minimum purchase requirements: None, but in some cases, you may be required to make a downpayment if Affirm is unable to finance the full amount.
Find out more or apply

Kay Jewelers

Retail locations? Yes
Financing options: Store credit card with a 12-month plan
Credit level required: Fair
Deposit required: None to use the credit card; 20% of total purchase amount for 12-month financing plan
Special introductory offers: No interest for 12-month plan. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
Minimum purchase requirements: $500 (12-month plan only)
Source: Kay Credit Financing Offers
Find out more or apply, or visit a Kay location

Zales

Retail locations? Yes
Financing options: Store credit card with 6-month, 12-month, 18-month, and 36-month plans
Credit level required: Not disclosed by issuing bank (Comenity Capital Bank)
Deposit required: None
Special introductory offers: Special interest rates determined by Comenity Capital at time of application for financing. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
Minimum purchase requirements: $150 for the 6-month plan; $750 for the 12-month plan; $1,500 for the 18-month plan; $3,000 for the 36-month plan
Find out more or apply, or visit a Zales location

Jared the Galleria of Jewelry

Retail locations? Yes
Financing options: Store credit card with 12-month Diamond Plan; 18-month Platinum Plan
Credit level required: Fair
Deposit required: None to use the credit card; 20% of total purchase amount for Diamond and Platinum plans
Special introductory offers: No interest for 12-month plans; no interest for the first 12 months and reduced APR for the remaining six months on 18-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
Minimum purchase requirements: $1,000 for 12-month plan; $5,000 for 18-month plan
Find out more or apply, or visit a Jared location

Gage Diamonds

Retail locations? Yes, but operated mostly online
Financing options: In-house financing
Credit level required: No credit check
Deposit required: In some cases, a deposit of 50% may be required
Special introductory offers: None
Minimum purchase requirements: None
Find out more or apply, or visit the Gage Diamonds showroom in Chicago, IL

Ice Jewelry

Retail locations? No
Financing options: 3-month, 6-month, and 12-month plans through Affirm
Credit level required: Poor; most buyers are approved
Deposit required: Typically none; may be required if Affirm cannot finance the full amount
Special introductory offers: None
Minimum purchase requirements: None
Find out more or apply

Helzberg Diamonds

Retail locations? Yes
Financing options: Store credit card with 6-month, 12-month, 36-month, and 60-month plans, financing through Affirm, and Progressive Leasing
Credit level required: Fair for store credit card; poor for Affirm financing and Progressive Leasing
Deposit required: None
Special introductory offers: No interest for 6-month and 12-month plans; reduced APR for 36-month and 60-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
Minimum purchase requirements: No minimum for 6-month and 12-month plans, $1,499 for 36-month plan; $4,999 for 60-month plan
Find out more or apply, or visit a Helzberg location

Sears

Retail locations? Yes
Financing options: Progressive Leasing or store credit card
Credit level required: No credit check for leasing; fair for Sears credit card
Deposit required: None
Special introductory offers: None
Minimum purchase requirements: None
Find out more or apply, or visit a Sears location

Sterling Family of Jewelers

Retail locations? Yes
Financing options: Store credit card with 12-month plan
Credit level required: Fair
Deposit required: None to use the credit card; 20% of total purchase amount for 12-month financing plan
Special introductory offers: No interest for 12-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
Minimum purchase requirements: $500 (12-month plan only)
Find out more or apply, or visit a Sterling location

Crown Jewelers

Retail locations? No
Financing options: Store credit card
Credit level required: Fair
Deposit required: First month’s payment (varies according to purchase amount)
Special introductory offers: None
Minimum purchase requirements: None
Find out more or apply

Walmart

Retail locations? Yes
Financing options: Store credit card
Credit level required: Fair
Deposit required: None
Special introductory offers: None
Minimum purchase requirements: None
Find out more or apply, or visit a Walmart location

For more information, our article has the review of Walmart’s engagement rings.

Fred Meyer Jewelers

Retail locations? Yes
Financing options: Store credit card with 6-month, 12-month, and 48-month plans
Credit level required: Fair
Deposit required: None
Special introductory offers: No interest for 6-month and 12-month plans; reduced APR for 48-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
Minimum purchase requirements: $299 for 6-month plan, $999 for 12-month plan; $1,499 for 48-month plan
Find out more or apply, or visit a Fred Meyer Jewelers location

Kmart

Retail locations? Yes
Financing options: Kmart leasing and the Sears store credit card
Credit level required: No credit check for leasing; fair for Sears credit card
Deposit required: None
Special introductory offers: None
Minimum purchase requirement: None
Find out more or apply, or visit a Kmart location

Shane Co.

Retail locations? Yes
Financing options: Store credit card with 6-month, 24-month, 36-month, 48-month, and 60-month plans
Credit level required: Fair
Deposit required: None to use the credit card; 20% of total purchase amount for 12-month financing plan
Special introductory APR offers available? Yes. No interest for 6-month plans; tiered APRs for 24-month, 36-month plans, 48-month plans, and 60-month plans. Standard APR is charged if any payments are late or missed or if the amount is not paid in full by the end of the financing term.
Minimum purchase requirements: None
Find out more or apply, or visit a Shane Co. location

In Summary

Whether you choose no-credit financing or traditional financing, there are many ways to afford the engagement ring you want. For the best online options, consider Blue Nile or Superjeweler, both of which offer a wide selection, notably low prices, and flexible financing options. For brick-and-mortar options, Reeds Jewelers offers the widest range of financing options for all credit levels, and stores like Kay and Zales and reliable places to find quality rings at competitive prices. Regardless of the store and financing option you choose, you should always shop around and consider the cost of repayment, along with finance charges, when setting your budget.

For more about buying engagement rings, we list the places that let you design a ring in-store and online. For even more options for bad credit, we also have the list of jewelry stores that finance bad credit.