Kay Jewelers Credit Card
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Are you looking to purchase a diamond engagement ring, or wedding ring perhaps? How about any other type of jewelry like a watch or bracelet? Jewelry (at least quality jewelry) can cost quite a bit to put it mildly. Because of this, most major jewelry stores have been offering their own in-house options for financing purchases. When it comes to choosing one of the best stores in this industry, many have been turning to Kay Jewelers and applying for their Kay Jewelers Credit Card for their financing option. There are chances that you could happen to find the Kay Jewelers Credit Card being offered at a time of year with a zero interest deal. We just would like to make sure to warn you about that kind of option.
Make sure that if you have a zero interest deal you make all of your payments in full by the end of that zero interest period. If you don't pay the full balance of that financing period you will be in some interesting trouble because of the interest rate. The reason they will hit you with interest if your balance isn't paid on the Kay Jewelers Credit Card is because of course the zero interest period has an end just like any other type of loan period. You are essentially taking out a loan on the jewelry purchased and saying that you will repay it within a specified time. Therefore, if you don't, you have failed to honor the contract.
When it comes to understanding their wide ranging APR, the APR is different depending on the state you are applying in. Here is the list of APR's for depending on your state:
AL – 18% if you are making purchases over $750. If your purchases are below that, your APR is 21%.
AR – 5%.
NE – 18% if you are making purchases of over $500.if your purchases are less than that amount, your APR is 24.99%.
CO, GA, IN, MS, OK, TN, TX, VT, WV and WY – 21%.
Washington D.C. & MD – 24%.
HI, MA, MN and NC – 18%.
Because these APR's are subject to change with the market it's best to make sure that these rates are still accurate at the time you apply. We aren’t really sure why the APR's are this way according to the states. Kay Jewelers doesn't really go into explaining this at all. There could very well be some type of deals going on within different states on their laws for APR's that can be charged and Kay Jewelers is likely cashing in on that advantage. however, there isn't any proof one way or another regarding that matter.
Seems like it would be best to live or apply for the Kay Jewelers Credit Card in the state of Arkansas since they have the cheapest APR around for the Kay Jewelers Credit Card. Even if you don't happen to be as fortunate as an Arkansan you can benefit from the Kay Jewelers Credit Card as long as you can abide by the contracts to repay that you set with them.