If you’re looking to buy nice jewelry, Shane Co’s credit card is a handy choice that gives you good deals. It’s got great payment plans, special benefits, and is super easy to apply for – makes buying jewelry easier on your wallet.
Table of Content
- What are Shane Co credit card benefits?
- How to apply for Shane Co credit card?
- What is Shane Co credit card APR?
- Does Shane Co credit card build credit?
- What stores accept Shane Co credit card?
- How to pay Shane Co credit card bill?
- What is Shane Co credit card limit?
- How to check Shane Co credit card balance?
- Does Shane Co credit card have fees?
- How good is Shane Co credit card?
- What credit score for Shane Co card?
- How to cancel Shane Co credit card?
Thinking about getting an engagement ring, necklace, or diamond earrings? Knowing how Shane Co’s card works helps you choose wisely. We’ll cover all the basics here – the good stuff, how to get approved, ways to pay, and what people think about it.
Credit Card recommendation for my situation
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- Current credit cards you are the primary account holder of: APPLE CARD $22,500 limit, opened Jul 2023 CITICARDS $12,000 limit, opened Jun 16, 2019 SHANE CO $15,000 limit, opened Apr 2023 AMERICAN EXPRESS $32,000 limit, opened Feb 2016 BANK OF AMERICA $4,200 limit, opened Sep 2014 FICO Scores with source: TransUnion: 780 (Credit Karma) Equifax: 780 Experian: 809 Oldest credit card account age with you as primary name on the account: 9 years (Bank of America card opened in Sep 2014) Number of personal credit cards approved for in the past 6 months: 2 (Apple Card and Shane Co) Number of personal credit cards approved for in the past 12 months: 3 (Including CitiCards CBNA) Number of personal credit cards approved for in the past 24 months: 3 Annual income $: Wife’s income is $180,000 per annum.
- I am about to loose my job ($180,000, last date jan 2nd week) CATEGORIES OK with category-specific cards?
- : YES OK with rotating category cards?
- : YES Estimate average monthly spend in the categories below.
- Only include what you can pay by credit card.
- Dining $: 200 Groceries $: 300 Gas $: 300 Travel $: 2000 (Planning to buy international plane tickets) Do you plan on using this card abroad for a significant length of time (study abroad, digital nomad, expat, extended travel)?
- : NO Can you pay rent by credit card?
- If yes, list rent amount and if there’s a fee for paying by credit card: No MEMBERSHIPS & SUBSCRIPTIONS Current member of Costco?
- : YES Current member of Amazon Prime?
- : YES Current member of Chase, US Bank or any other big bank?
- : YES, member of US Bank Are you open to Business Cards?
- : NO PURPOSE What’s the purpose of your next card?
- : Seeking a card for balance transfer and travel rewards If you answered
Looking for some direction: switching credit cards – credit score
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- The back-story:Just sold my house and moved in with the fiance, the plan is to sell her house and purchase a new house next year.
- My Credit is around 740 or so the last time I checked and after selling the house my debt to income should be around 6% (30k owed on the car/sL combined at around 3%, make ~120k).
- I have a 0 balance on 3 cards.
- After I get the banks/cards sorted out I will be paying off the car assuming my wedding budget is viable.
- Capital One (16 year history, 5500 limit) NFM (4 year history, 6000 limit)ShaneCo/Wellsfargo (6 month history, 8000 limit)Question:My goal is to consolidate my 3 banks into 1, then pick up a new CC from them that would offer a much higher limit and offer better benefits.
- I am looking to close the Capital One and ShaneCo card.
- The ShaneCo card only exists because it was easier to finance the rings at 0% and wait till the bonus then move the money around and buy it outright (I was lazy), liquidity is part of the reason I am consolidating banks.
- So my question: Knowing I am going to be purchasing a new house in a year, how do I swap out credit cards while keeping up the credit score or increasing it if possible .
- A) Should I just leave the sleeping dogs layB) Do I cancel the 2 youngest cards and add the new card to the Capital One to keep up the history?
- C) Do I wait to cancel the Capital One until after the new card is obtained to leverage the history?
- D) Cancel them all and start over?
- E) Any other recommendation’s?
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Accidentally opened a credit card I didn’t want. Do I leave it or cancel it?
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- I told the clerk at Marshalls that I didn’t want a credit card when she offered me the option.
- She then explained it like it was the Target Debit cards where you still get the discount and it just comes out of your checking account.
- So I signed up for it and once it has already processed it became clear that she explained it wrong and that it was in fact a credit card.
- I didn’t want this card and there’s nothing I can do as it’s already opened.
- So, what would be best for my credit: closing it out now or just never using it?
- Does it make a difference if I use it or not use it?
- Also I was thinking of getting the Apple Card in September.
- My credit card history:-Chase Sapphire: opened 5/2019-Chase Freedom: opened 8/2018—Spirit rewards: opened 6/2015 closed roughly around (7/2016) after it was stolen and used; otherwise I never used the card—Shane Co.
- Wells Fargo card opened 10/2017 – made a purchase that was returned two months later; I think I closed that around 7/2018-Capital One Journey: opened 8/2013
What are Shane Co credit card benefits?
Shane Co’s card has some nice perks that make jewelry shopping better.
You can get interest-free payment plans during special sales if you qualify. These deals last anywhere from 6 months to 5 years, depending on what you buy and what’s on offer.
Plus, cardholders get first dibs on private sales and early heads-up about new deals. Some folks say they get discounts on their card anniversary and birthday presents too. It covers your purchases and might give extra warranty on some jewelry – but check the fine print as this changes sometimes. Unlike regular credit cards, this one’s specially made for jewelry shopping – great if you buy from Shane Co often.
How to apply for Shane Co credit card?
Getting the card is easy – you can apply in store or online.
The online form only takes minutes – just need your name, address, social security number, and how much you make. They’ll check your credit with this info to see if you qualify.
Most people get an answer right away, but some applications need more time. Just so you know, a big bank (usually Comenity) issues the card, so they use normal approval rules. People say you’ll probably get approved if your credit score’s decent (around 640 ), but Shane Co won’t say exactly what they want. If you get approved, your card comes in the mail in about 1-2 weeks, but sometimes you can shop right away with a temp number.
What is Shane Co credit card APR?
The Annual Percentage Rate (APR) for the Shane Co credit card typically falls within the range of 28.
99% to 29.99%, which is relatively standard for store-branded credit cards.
You’ll pay this rate if you don’t use special deals or don’t pay off your balance in time. Important: those no-interest deals are great, but if you miss the deadline, the regular interest is really high. Most people get the most out of it by planning what to buy and paying it off during the special deal time. Unlike regular rewards cards with lower rates, this one’s best for people who’ll use the special deals, not carry balances long-term. Make sure to check the latest rates when you apply – they can go up or down.
Does Shane Co credit card build credit?
Yep, using this card right can boost your credit score – they report to all three big credit agencies.
Paying on time helps your score, but being late hurts it. But since it’s a store card, it doesn’t help your credit as much as a regular credit card would.
Store cards usually have lower limits, so if you buy a lot, it could make your credit usage look high. Money pros say it’s best for planned buys you can pay off during the deal period, not just to build credit. But if you’re new to credit, using this card right can be part of building your credit history.
What stores accept Shane Co credit card?
This card only works at Shane Co stores and their website – nowhere else.
It’s not like regular Visa or Mastercard – you can’t use it at other stores or for daily shopping. That’s normal for store cards – they want you to keep shopping there.
Shane Co has stores in many states, mostly in the West, Midwest, and South. Before applying, make sure there’s a Shane Co near you or you’re okay with buying online. Some like that they can’t overspend on other stuff, while others want a card they can use anywhere.
How to pay Shane Co credit card bill?
You’ve got a few easy ways to pay your bill.
Pay online through Comenity Bank’s site – do single payments or set up autopay. Most folks find the online payment easy to use with their bank account.
You can call to pay, but might get charged a fee. Mailing a check works too, just send it early so it arrives on time. Important: you can’t pay at Shane Co stores – gotta pay through the bank. Pay at least the minimum by the due date to dodge late fees and extra interest. If you’re using a special deal, pay it all off before time’s up or you’ll owe back interest.
What is Shane Co credit card limit?
Your credit limit depends on your credit, income, and other stuff.
People say new cards usually get $1,000-$10,000 limits, mostly $2,000-$5,000. This covers most jewelry buys, but fancy engagement rings might need special handling.
Unlike regular cards that raise limits automatically, Shane Co’s stays the same unless you ask and qualify for more. Some folks get higher limits after using the card well and boosting their credit. Store cards usually have lower limits than regular cards – keep that in mind for big jewelry buys.
How to check Shane Co credit card balance?
It’s easy to check your balance a few different ways.
Easiest is checking online through Comenity Bank’s site. Once you sign up online, you can see your balance, credit left, past buys, and when to pay.
Lots of people like that it works well on phones. Or call the number on your card, but you might wait on hold. You can set up alerts for payments or when your balance hits certain amounts. Store staff can check some account info, but not as much as you see online. Keep an eye on your balance if you’re using a special deal to make sure you pay on time.
Does Shane Co credit card have fees?
This card is pretty good about fees – no yearly fee, no sign-up fee, no monthly charges.
Great if you don’t want regular fees on your card. But there are some fees you might run into.
Like if you pay late (up to $40), if your payment bounces, or if you need a new card fast. Biggest thing to watch: if you don’t pay off special deals in time, you’ll owe a bunch of back interest. No foreign fees since you can only use it at US Shane Co stores. All in all, the fees are pretty fair if you pay on time and follow the deal rules.
How good is Shane Co credit card?
The Shane Co credit card can be an excellent financing tool for the right customer, particularly those who shop at Shane Co regularly or are planning a significant jewelry purchase.
Its value largely depends on how you use it. The card shines brightest when used for promotional no-interest financing offers, allowing customers to spread payments over several months without accruing interest.
Compared to general-purpose credit cards, the Shane Co card often provides longer interest-free periods for jewelry purchases. However, if you carry a balance beyond promotional periods, the high standard APR makes it less favorable than many other credit options. Customer reviews frequently praise the card’s usefulness for engagement ring purchases and other major jewelry acquisitions. The lack of annual fees and the occasional exclusive discounts for cardholders add to its appeal. That said, as a single-store card, its utility is limited compared to more versatile credit cards. For those who value Shane Co’s jewelry and can pay off balances within promotional periods, it’s a very good option; for others, alternative financing might be preferable.
What credit score for Shane Co card?
While Shane Co doesn’t publish specific credit score requirements for their credit card, customer reports and industry knowledge suggest that applicants typically need a fair to good credit score for approval – generally in the range of 640 or higher. The card is issued through Comenity Bank, which tends to be somewhat more lenient than major credit card issuers, making it potentially accessible to those with less-than-perfect credit.
However, approval isn’t guaranteed even with decent credit, as the issuer considers multiple factors beyond just your credit score, including income, existing debt, and credit history. Those with scores below 600 may have difficulty qualifying, while applicants with scores above 700 typically report higher approval rates and better initial credit limits. If you’re unsure about your approval chances, Shane Co’s website offers a pre-qualification option that performs a soft credit check (which doesn’t affect your credit score) to give you an idea of your likelihood of approval before you formally apply.
How to cancel Shane Co credit card?
Canceling your Shane Co credit card is a straightforward process, though it’s wise to consider alternatives first, as closing a credit account can affect your credit score.
To cancel, you’ll need to call the customer service number on the back of your card. Representatives are typically able to process the cancellation request during the call, though they may offer incentives to encourage you to keep the account open.
Before canceling, ensure you’ve paid off any remaining balance, as you’ll still be responsible for any outstanding debt. Some customers choose to keep the card open but stop using it, especially if it’s one of their older credit accounts (since length of credit history impacts your score). If you do proceed with cancellation, request written confirmation that the account was closed at your request and in good standing. After cancellation, monitor your credit report to ensure the account is reported correctly as closed by the consumer. Remember that even after cancellation, your payment history on the account will remain part of your credit report for several years.
In conclusion, the Shane Co credit card offers valuable benefits for customers who frequently purchase jewelry or are planning a significant investment in fine jewelry.
Its promotional financing options can make high-quality pieces more accessible, while the lack of annual fees makes it cost-effective for occasional use. However, like any financial product, it’s most beneficial when used strategically – primarily for purchases you can pay off within promotional periods to avoid high interest charges.
Before applying, consider your shopping habits, credit needs, and whether you’ll maximize the card’s specific benefits. For those who love Shane Co’s jewelry and can use the card responsibly, it can be an excellent financial tool. Ready to explore Shane Co’s beautiful jewelry collections with flexible payment options? Visit a Shane Co store or their website today to learn more about the credit card and current promotions.
