The best credit card for engagement ring shopping is the Wells Fargo Active Cash Card because it gives 2% cash rewards on all purchases and offers an introductory purchase APR of 0% for 15 months from account opening. This means you could earn rewards on your engagement ring purchase while paying it off over time, interest-free. Plus, Wells Fargo Active Cash comes with an initial bonus of $200 cash rewards after spending $1,000 in the first 3 months.
Best Credit Cards for Engagement Rings
Overall: Wells Fargo Active Cash Card
Long Intro APR Period: U.S. Bank Visa Platinum Card
Cash Back: Chase Freedom Unlimited
Travel Rewards: Capital One Venture Rewards Credit Card
Initial Bonus: Chase Sapphire Preferred Card
Jewelry store credit cards, such as the Helzberg Diamonds Credit Card and the Zales Credit Card, tend to offer discounts, rewards, and no-interest financing, and may be a good choice for ring shoppers with at least fair credit. But store cards' 0% APR offers often use deferred interest, which means if you don't pay off the entire balance by the end of the promotional period, you will owe all the interest that would have accumulated since the original purchase date, on top of your unpaid balance. As a result, you're usually better off going with a non-store credit card instead.