In this video, you will learn about jewelry financing. There is a club called my jewelers club. It can be useful for when you want to finance jewelry.
Is it good for your credit? That is the question at hand. Credit cards aren’t for everyone. If you can qaualify for a high end card, it might not make sense for you to get a jewelry card. If you have a really high credit utilization, it might not make sense for you to get this jewelry card. If you can’t get your card utilization down in enough time, you probably don’t need this card. Your credit utilization affects 30% of your credit score. When you have a credit card, you want to keep your credit utilization as low as possible. Typically, you would have to either find a way to get it down or add more credit to the line. If you are able to get a higher credit limit, then you can negate the effect that you have because of the balance. If you got approved for my jeweler’s card, you will be adding credit to your line. Only using $4000 out of $10000 is a good credit usage.