You do have the option of financing a ring with a loan arranged through your jeweler. Using loans to make major purchases and keep cash on hand can be a smart financial move, and in some cases, the loans offered by your jeweler may fit your needs. Here are a few of the financing options available through popular jewelers: Blue Nile: Financing is available via Blue Nile's credit card. Depending on the price of the ring, consumers enjoy 0% APR for the first six, 12, or 18 months after purchasing. If you choose a longer payment plan, with equal payments, there's a 9.99% APR. Ritani: Ritani offers financing via a Synchrony bank credit card. You can choose from the following options: no interest for 12 months, 9.99% APR for 36 months, or 9.99% APR for 60 months. Tiffany & Co.: The brand's credit card offers a 0% intro APR for 12 months, or a 7.99% APR for 24 months. However, jewelers' financing options may not have the best terms or interest rates, and you generally won't get any cash back or rewards on the engagement ring purchase.