topic Re: Engagement Ring.. Blue Nile? in Credit Cards

Engagement Ring.. Blue Nile?

lamplight2012 — Mon, 30 Jan 2017 23:00:47 GMT

Hello, all. Looking to finance an engagement ring between 2-3K for my lady.

My current stats are

Experian: 654 - 4 Medical Collections

Transunion: 657 - 3 Medical Collections

Equifax: 653 - 4 Medical Collections

Util: 34 % - Should be around 9 % when it reports again.

Which one does Blue Nile pull? & do you think 3K is reasonable to get?

Thanks!

Re: Engagement Ring.. Blue Nile?

lamplight2012 — Tue, 31 Jan 2017 01:44:38 GMT

bump, bump

Re: Engagement Ring.. Blue Nile?

Anonymous — Tue, 31 Jan 2017 02:21:14 GMT

{deleted as I misunderstood].

Re: Engagement Ring.. Blue Nile?

Anonymous — Tue, 31 Jan 2017 02:24:04 GMT

Tiffany and co.

Go big or go home!!

If I were you, I'll save the money and pay off the debt ( your understanding partner will agree too)

Re: Engagement Ring.. Blue Nile?

Anonymous — Tue, 31 Jan 2017 02:55:56 GMT

@lamplight2012 wrote:
Hello, all. Looking to finance an engagement ring between 2-3K for my lady.

My current stats are

Experian: 654 - 4 Medical Collections

Transunion: 657 - 3 Medical Collections

Equifax: 653 - 4 Medical Collections

Util: 34 % - Should be around 9 % when it reports again.

Which one does Blue Nile pull? & do you think 3K is reasonable to get?

Thanks!

I fully admit I know nothing about Blue Nile. In regards to the ring, I would go with something cheaper. There are two ways to go with that: (1) you get something with fake diamonds in a small setting, and agree with your soon-to-be fiancee that you'll upgrade the ring in a few years once you're on more stable financial footing (this is relatively common on the 5th or 10th anniversary); or (2) go with stones that aren't diamonds. My wife has a honking big sapphire surrounded by tiny diamonds, loves it, and it only cost around $2k. You might be able to get down to the low $1000s just by using sapphires, emeralds, or rubies instead of diamonds. Plus, you can cater the ring more to the tastes of your soon-to-be fiancee, making it much more special than a more generic diamond ring.

Re: Engagement Ring.. Blue Nile?

Anonymous — Tue, 31 Jan 2017 04:05:01 GMT

With Tiffany aren't you paying more for the name than you are for the quality and actual value of the product?

I've always found Blue Nile to sell quality products at the right price, not overpriced for what you're getting.

Re: Engagement Ring.. Blue Nile?

Creditplz — Tue, 31 Jan 2017 04:11:10 GMT

I went to my local jeweler and had a custom ring made, Emerald cut VVS 5.xx ct center stone on a platinum simple band, with Tiffany you're paying for the name of the jewelry house like Cartier (not saying their products aren't great just overpriced)

also I'm not sure if comenity Blue Nile UW will be happy about the large number of collections, could go either way!

Re: Engagement Ring.. Blue Nile?

Anonymous — Tue, 31 Jan 2017 04:14:02 GMT

Agree with other posters to an extent if we are talking rings $50k+ T&Co stores would be the way to go but for starter range your going to get the most bang for your buck online, also check out Ritani, they partner with local jeweler for free previews etc. They have financing through Sync.

Re: Engagement Ring.. Blue Nile?

IgnatiusReilly — Tue, 31 Jan 2017 04:15:03 GMT

First off, congratulations.

And since you are soliciting opinions, mine is don't finance a ring. Talk with your fiancee, you will be sharing finances soon enough, and figure out a way to either find an interim solution or wait until you can pay it up front. She will be wearing it for decades so be patient and do it right!

Again, here's to a happy life together.

Re: Engagement Ring.. Blue Nile?

Anonymous — Tue, 31 Jan 2017 13:48:43 GMT

@IgnatiusReilly wrote:
First off, congratulations.

And since you are soliciting opinions, mine is don't finance a ring. Talk with your fiancee, you will be sharing finances soon enough, and figure out a way to either find an interim solution or wait until you can pay it up front. She will be wearing it for decades so be patient and do it right!

Again, here's to a happy life together.

Let me say it as well, congrats!

And, don't finance the ring. You'll regret it. I'd recommend finding a local jeweler where you can see the rings 1st hand, and the stones. I've found that buying jewelry online is a bit tough, especially if you are just comparing specs (the C's) etc. Seeing gems and stones in person will always be better. Also, the idea of looking at diamond alternatives is a great idea, if she's okay with it...

Back to the financing; I'd recommend layaway. Here is why, 1. You're not financing and therefore not spending interest, 2. Depending on the timeframe, this gives you time to pay on it, and plan the day...3. Keeps the ring safe in the jewelers safe, so that your lady cant find early, or it get stolen.

IgnatiusReilly is right, your situation is about change, and adding more to the debt load is something you may want to talk about with her.

Lastly, I only offer all this advice because you asked :-) , otherwise you'da gotten just a "congrats!"

Re: Engagement Ring.. Blue Nile?

jgodfrey82 — Tue, 31 Jan 2017 14:22:34 GMT

Go check out Houston diamond district. They have a website, physical stores in Texas as well as a top amazon retailer. I purchased a 1CT solitaire last month for under 2k, appraisal was $4900

Re: Engagement Ring.. Options?

lamplight2012 — Tue, 31 Jan 2017 14:41:50 GMT

Thank you very much, everybody!

The reason I'd like to finance(or charge)the engagement ring is because I'm due for a 5K bonus during the last quarter of 2017. Once my bonus is disbursed to me I'll pay it off. I plan on proposing in late March of this year. I currently have two credit cards totaling $1,300 credit limit, so I'd want a bigger CL to make sure my util isn't maxed out.

Also, I'm looking for something that offers 6-12 month no interest financing. Maybe instead of Blue Nile I get a vendor neutral credit card as my 3rd? & then I can shop locally.

The medical collections will be removed here soon(WhyChat)

Re: Engagement Ring.. Options?

Anonymous — Tue, 31 Jan 2017 14:35:46 GMT

Good information here. I've been putting off getting a ring for my long time GF soley because of $$$. I'm bookmarking this thread for near future use.

Re: Engagement Ring.. Options?

Anonymous — Tue, 31 Jan 2017 14:41:15 GMT

I just made my last payment to a ring I financed through Blue Nile yesterday!

I fully recommend them and the card 100%. I was approved with an EQ of like 620 at the time and they gave me a $3500 limit, my highest limit at that time was around 1600 so they nearly doubled it. Within 3 months the limit was where it is now at 6650 due to SP CLI through roboloady.

The ring I got from blue nile was a 1.10 carat diamond that wasnt perfect by any means but you cant tell by looking at it with the naked eye. To get the same style and same size ring was going to run me about 7k at Kay's or Zales or a mall jeweler, and I ended up getting it for 4.2k at blue nile. The people there were extremely helpful and it was a perfect experience for me. Again I highly recommend Blue Nile! If you have any questions dont hesitate to message me

Re: Engagement Ring.. Options?

wasCB14 — Tue, 31 Jan 2017 14:45:14 GMT

Big Costco fan here...and that extends to jewelry.

The quality you can get for $3k there is much better than at (at least most) actual jewelry stores.

Re: Engagement Ring.. Options?

lamplight2012 — Tue, 31 Jan 2017 15:36:25 GMT

@wasCB14 wrote:
Big Costco fan here...and that extends to jewelry.

The quality you can get for $3k there is much better than at (at least most) actual jewelry stores.

Thank you for the recommendation! Do they have 6-12 month no-interest financing?

Re: Engagement Ring.. Options?

wasCB14 — Tue, 31 Jan 2017 15:44:31 GMT

@lamplight2012 wrote:
@wasCB14 wrote:
Big Costco fan here...and that extends to jewelry.

The quality you can get for $3k there is much better than at (at least most) actual jewelry stores.

Thank you for the recommendation! Do they have 6-12 month no-interest financing?

No. The financing problem would remain. They take Visa in the warehouses and Visa/MC/Discover online.

You could get a general-purpose Visa with an intro 0% period...though it's hard to know what CL you might get.

Re: Engagement Ring.. Blue Nile?

iced — Tue, 31 Jan 2017 16:19:49 GMT

@Anonymous wrote:
With Tiffany aren't you paying more for the name than you are for the quality and actual value of the product?

I've always found Blue Nile to sell quality products at the right price, not overpriced for what you're getting.

Yes.

If a diamond is GIA certified, it's going to be as good as the same rated GIA diamonds at Tiffany's. I got a loose certified diamond for an engagement ring off of BN for thousands less than the equivalent certified diamonds at a jeweler.

I would recommend the OP doesn't buy the whole ring off of BN though as you want it to be something tailored to your (soon-to-be) fiancee's tastes. Work with a good jeweler to make a custom setting.

As mentioned in other posts, don't finance.

Re: Engagement Ring.. Blue Nile?

lamplight2012 — Tue, 31 Jan 2017 16:23:54 GMT

@iced wrote:
@Anonymous wrote:
With Tiffany aren't you paying more for the name than you are for the quality and actual value of the product?

I've always found Blue Nile to sell quality products at the right price, not overpriced for what you're getting.
Yes.

If a diamond is GIA certified, it's going to be as good as the same rated GIA diamonds at Tiffany's. I got a loose certified diamond for an engagement ring off of BN for thousands less than the equivalent certified diamonds at a jeweler.

I would recommend the OP doesn't buy the whole ring off of BN though as you want it to be something tailored to your (soon-to-be) fiancee's tastes. Work with a good jeweler to make a custom setting.

As mentioned in other posts, don't finance.

Thanks for the recommendation. I'm thinking about buying locally.

Re: Engagement Ring.. Blue Nile?

wasCB14 — Tue, 31 Jan 2017 16:25:22 GMT

Has anyone here pursued some alternative engagement gift (other than a diamond ring)? Or just gotten engaged without a gift?

It's kind of twisted how marketing makes us associate engagement with necessary wealth transfers to the diamond industry. It's a tradition that's emerged from 20th century marketing...not really an old custom in America.