Two approvals and in need of guidance

[Np1791]

So I’ve been with my girlfriend for over 5 years now. I think it’s time to propose and I applied for the Kay’s credit card as well as the Tiffany credit card. I got 4,250 with Kay’s and Tiffany only gave me 750. Not anything close to what I would need. Now my question is for those that have had Tiffany’s card, can I request more even though I just got it? And is it still a hidden trade line? I think I got such low limits because I currently have three auto loans under my name. The car I bought my mom, my lease, and I co-signed for my girlfriend soon to be fiancée. Also I do have some credit card debt that is under control but is still there and will be paid before my lease is up. Lastly do women really care if a ring came from Kay’s or Tiffany’s? I know Tiffany is supposed to be more fancy and all but not sure if it matters.

[Jnbmom]

 I don't think it matters to most where it came from, but I am a simple type of gal.

Personally for me as long as it was pretty and "he" picked it out and didn't go into debt for it, I would be happy and content.

[Anonymous]

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@Jnbmom wrote:

 I don't think it matters to most where it came from, but I am a simple type of gal.

Personally for me as long as it was pretty and "he" picked it out and didn't go into debt for it, I would be happy and content.

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+1 When I got married many moons ago, these are the things that mattered to me. I did want it to be a decent quality ring, but I didn't care whether it was Tiffany's, Zales or Kay's. 

[Anonymous]

Just remember that modern jewelry massively depreciates the moment you walk out the door...so think of it in matter of if she will love it or not...dont worry about if its only 600 compared to the 12000 ring etc.  The eye of the beholder is all that matters.. just my .02..

[2GreenThumbs]

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@Np1791 wrote:
So I’ve been with my girlfriend for over 5 years now. I think it’s time to propose and I applied for the Kay’s credit card as well as the Tiffany credit card. I got 4,250 with Kay’s and Tiffany only gave me 750. Not anything close to what I would need. Now my question is for those that have had Tiffany’s card, can I request more even though I just got it? And is it still a hidden trade line? I think I got such low limits because I currently have three auto loans under my name. The car I bought my mom, my lease, and I co-signed for my girlfriend soon to be fiancée. Also I do have some credit card debt that is under control but is still there and will be paid before my lease is up. Lastly do women really care if a ring came from Kay’s or Tiffany’s? I know Tiffany is supposed to be more fancy and all but not sure if it matters.

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DH and I both had Tiffany accounts many moons ago.  I might be wrong, but I seem to remember it was more like a no interest, pay it in larger, even installments sort of account.  For instance, a $750 charge would be 5 payments of $150.  But, I could be wrong, it was a long time ago.  

I can't speak for other women, but I love my Tiffany engagement ring.  I actually got it for our 10-year anniversary because we were so young and poor when we first got married.  The ten years I waited were worth it.  It's not a huge, flashy ring, but it is gorgeous and to this day, over 20 years later, it still gets noticed and complimented.  I love my ring and I've never seen a similar setting anywhere else.  

[Anonymous]

If she is the right one than she won't care where the ring came from in my humble opinion.  These days there are many options for purchasing a ring, far more than 23 years ago when I asked my wonderful wife for her hand.   Just make sure you know what style, shape of ring she likes. At the end of the day it is a financial commitment that both of you are making because you will be married when your paying that baby off so its worth a conversation.  

In terms of financing the ring I would actually look at a personal loan from a credit union over financing with a jewelry store, the advantage being less interest and the flexibilty of being able to use any jeweler, costco, online etc that has the best price.

[Anonymous]

i would probably go with Kay as Tiffany is more of you’re paying for the name. I’m sure you can get same quality for cheaper else where. I really doubt she would say no because of where you got the ring, if she wants to marry you ... the ring doesn’t matter. You can always upgrade it later on. Don’t put yourself in more debt trying to go all out on a ring. Keep in mind you still have a wedding to pay for. I know a lot of people who proposed with small cheap rings and couple years later on an anniversary bought a bigger nicer ring. They were more focused on starting a new life together. Buying a new house. Although yes they would love a big extravagant ring ... where it comes from doesn’t matter and honestly all that should matter is you proposing. I don’t know anyone who has bought a Tiffany engagement ring. One of my friends even bought a ring on eBay. It was like a $15k ring but he got it for like 10k. Good luck on your proposal!

[VanderSnoot]

Some women go nuts over a Tiffany box, but for other women it is not worth the markup. That said, for years the best value in diamond rings was Costco. These days you can save by going with a synthetic diamond.

[jaxstraw]

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@VanderSnoot wrote:

Some women go nuts over a Tiffany box, but for other women it is not worth the markup. That said, for years the best value in diamond rings was Costco. These days you can save by going with a synthetic diamond.

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This is actually true.

The question becomes does the intended fiance want a great value diamond ring or a great value diamond ring box ??

Tiffany is known to be overpriced by as much as 50-60 % compared to similar size stones and settings elsewhere. You are paying all that for a box and a fancy storefront.

Costco has been found to have a value of nearly 20% under similar stones and settings.

Their selection is definitely limited but the point is there are other value places to buy.

Blue Nile is a good option also.

So the question might be does my girl want a 2 carat ( or whatever) ring and a great box for the rest of her life.......or does she want a 4 carat that came from some place else for the same price ?

DW and I picked out her ring together and while going into actual jewelry stores was fun and she got to handle the rings and ask questions..... ultimately we took those ideas and suggestions and bought through USAA when they used to sell jewelry. Her ring was far bigger for the same price we saw elsewhere. 

[AverageJoesCredit]

Maybe get the engagementring from one and the wedding ring from other that way you utilize both hps and make her HaPpy TiffanyKay McZales