Has anyone used Crown Jewelers?

Question

If so how much did you spend and what was the payment? Did it help your credit?

Do you know if you buy a ring for a little more money is it better quality. They say the give a diamond certificate if you spend over 300 dollars. Anyone know about that.

Answer 1

I actually opened up an account a while back, got myself a bracelet for like 10 dollars down and i also got some earrings. i have like a balance of 150.00 on them and my credit limit is 1500, they do report to the credit beareaus and i pay 25 a month. after paying consecutively for a while with no defaults you don't have to make a down payment anymore

Answer 2

I haven't used them myself basically because their merchandise is not very good and I don't need the tradeline.

But many people, that are trying to build or rebuild their credit, have used them since they "do not" pull a credit report when a person applys for credit and they will report to two of the CRA's "after a purchase is made".

They aren't as good as they used to be, but they can still be helpful in building/rebuilding credit.

They used to report to all three CRA's, now they only report to TU and EX.

It used to be that when a person made the first purchase, they would continue to report even if the person did not make any further purchases. Now, from what I've read, they require that a purchase be made at least every 6 months or they will cease reporting.

It used to be that if a person was approved for a $500 credit limit, after a purchase they would report a $1500 credit limit.
Some people find that they still do that while others find that they are only reporting a $500 credit limit.

They do take their time to start reporting. From what I've read it could take a couple months after a purchase is made for it to hit your reports.

If you are building or rebuilding, like I mentioned, they can be helpful.
If you are not building/rebuilding, then I would say not to bother with them and buy better quality jewelery somewhere else.

I would not recommend buying an expensive piece since their stuff isn't all that great, plus you would have to repeat the process every 6 months to keep it reporting.
You could probably find an inexpensive piece for $10-$20 and have the tradeline reporting.

If you would be using that tradeline as a springboard for better credit, then after it is reporting for 4-6 months you might apply for another store card like Walmart (or where you shop)