Zales Credit Card Agreement

Zales Credit Card Agreement: Everything You Need to Know Before Signing Up

If you`re a fan of jewelry shopping, then you`ve probably come across the Zales credit card offer at some point. This card provides a convenient way to finance your purchases and earn rewards for your loyalty. However, before you apply, it`s important to understand the terms and conditions of the Zales credit card agreement. Here’s everything you need to know before signing up.

Interest Rates

The interest rates for the Zales credit card can vary depending on your creditworthiness. The current APR is 29.99%, which is quite high. So, if you carry a balance on your card, you will end up paying a lot of interest charges over time. Therefore, it`s best to pay off your balance in full every month to avoid accruing interest charges.

Rewards Program

With the Zales credit card, you can earn reward points for every dollar you spend on jewelry at Zales, Zales Outlet, and Piercing Pagoda stores. For every $100 spent, you`ll earn $5 in rewards. These rewards can be redeemed for future purchases and cannot be used to pay off your credit card balance.

Deferred Interest

One of the features of the Zales credit card is the option to finance your purchases with deferred interest. This means you won`t have to pay any interest charges on your purchases for a specified period of time, usually 6, 12, or 18 months. However, if you don`t pay off your balance in full by the end of the promotional period, you`ll be charged interest on the entire purchase amount, dating back to the purchase date.

Late Payment Fees

Missing a payment on your Zales credit card can result in a late payment fee of up to $39. This can add up quickly if you miss multiple payments. Additionally, late payments can negatively impact your credit score, making it harder to get approved for credit in the future.

Annual Fee

The Zales credit card does not have an annual fee, which is a plus. However, if you don`t use your card for an extended period, the account may be considered inactive, and your card may be canceled.

In conclusion, the Zales credit card can be a useful tool for financing your jewelry purchases and earning rewards. However, it`s important to understand the terms and conditions of the credit card agreement before signing up. Make sure to pay off your balance in full every month, avoid missing payments, and be aware of the high-interest rates and deferred interest terms. With responsible use, the Zales credit card can be a valuable addition to your financial toolbox.

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