Review: Blue Nile Credit Card

blue-nile-credit-cardPopular jewelry retailer Blue Nile, in partnership with Comenity Capital Bank, offers a credit card that allows you to finance your purchases at an interest rate as low as 0%, but be careful! Our overview / review of the Blue Nile credit card is below:

The Blue Nile credit card is only accepted on Blue Nile purchases, so unless you’re buying jewelry on a regular basis, this card is not going to get used much. That’s a strike against it in our books, as we don’t like opening new credit lines for a single purchase or for a single retail chain.


However, there are obviously reasons that you would open this card — the main one being that jewelry can be expensive, and you may not have the ability to pay for your purchase all at once. The Blue Nile card can actually makes sense, especially on very large purchases, but you need to understand the terms of the card fully before you jump at the offer.

Blue Nile offers you 4 potential financing offers based on the size of your purchase:

  1. If your purchase is under $500, do not get this card! You’ll pay an interest rate of 26.99% on your purchase if you can’t pay it off in the first month. Hopefully you already have a different credit card with a lower interest rate that you could use instead.
  2. If your purchase is over $500 but less than $1500, you can finance your purchase at a 0% rate for 6 months. However, you MUST pay off every penny in that 6-month period or you will get socked with ALL of the interest that would’ve accrued from the day you made the purchase — at the terrible 26.99% interest rate!
  3. If your purchase is $1500 or more, you can take that same 0% offer, but for 12 months. Same rules apply — you must pay it ALL off in 12 months or pay all of the interest from the date of purchase, as if the 0% offer never existed.
  4. If you finance a purchase of $2000, you can also choose to finance the purchase at a more reasonable 9.99% interest rate, with you paying an equal amount each month until the purchase is paid off. If your purchase is less than $3000, you can pay it off over 24 months. If it’s over $3000 but less than $4000, you can pay it off over 36 months. And if it’s $4000 or more, you can take a full 48 months. While this may not have the same appeal as the 0% offers, it may be a little safer if you’re not 100% sure that you can pay off your purchase within the shorter timeframe.

If you want to make a Blue Nile purchase and apply for the card online, you’ll find the application here.

See also: Store Credit Cards, Instant Approval Credit Cards, Blue Nile Credit Card Payment, Login, and Customer Service Information