Pandora offers a variety of payment and financing options for customers looking to purchase jewelry online.
Recognizing the need for flexibility in payment methods, the retailer aims to accommodate a wide range of budgets and preferences.
You can see Pandora’s page about financing options here, or we’ll also provide a plain-English summary in this article.
Pandora Finance Options
Pandora offers several financing options through their Pandora Credit Card. For purchases of $225 or more, you can take advantage of a 6-month interest-free promotional period. If your purchase is $500 or more, the promotional period extends to 12 months. It’s important to note that these offers are contingent on paying off the full balance within the designated time. If you don’t, interest will be charged retroactively from the purchase date. This can be costly, as the regular APR is 34.99%, and the penalty APR for missed payments is even higher at 39.99%.
While the minimum monthly payment might seem manageable, it may not be sufficient to clear your balance by the end of the promotional period. This could lead to unexpected interest charges, even if you have been making consistent payments. Additionally, there’s a $2 minimum interest charge if any interest accrues.
There is also a promotional fee equal to 2% of the amount financed for promotions longer than 18 months, though this does not apply to the 6- or 12-month offers. This fee is charged to cover the cost of extended no-interest financing, which can add up over time.
Pandora Payment Options
Pandora provides various payment methods, including their own credit card and installment plans through Klarna and Afterpay.
Pandora Credit Card
If you’re a new cardholder, you can receive a 10% discount on your first purchase. However, this discount can only be used in-store if you applied and were approved in-store, and similarly, it only applies to online purchases if you were approved online. The offer is valid for 30 days and cannot be combined with other promotions. It also excludes certain items like Pandora Lab-Grown Diamonds and 14K gold products. This card gives you access to the promotional financing plans detailed above.
Klarna
You can use Klarna to split your purchase into four equal, interest-free payments. To use this option, you’ll need a valid debit or credit card. Once you create your Klarna account, the first payment will be charged immediately, and your order will ship. You can then manage your Klarna account online, where you can view your orders and make payments. This setup allows you to enjoy your jewelry now while spreading out the cost over time.
Afterpay
Similar to Klarna, Afterpay allows you to divide your purchase into four interest-free payments. You’ll need a valid debit or credit card to set up an Afterpay account. Your first payment will be charged immediately, and your items will ship as soon as the payment is processed. You can manage your payments and view your orders online through your Afterpay account. This can be a convenient option if you want to avoid paying upfront without incurring interest charges.
Other Things You Should Know About Pandora’s Financing Options
There are a few additional details about Pandora’s financing options that you should be aware of. First, the promotional financing is only available for qualifying purchases that meet the minimum spend requirements after discounts. If your total falls below the required threshold due to applied discounts, your purchase will no longer qualify for financing.
Additionally, once the promotional period ends, the regular APR of 34.99% will apply to any remaining balance. This rate is quite high compared to other credit cards, so it’s crucial to pay off your balance within the promotional period. Missing payments can also lead to a penalty APR of 39.99%, which is even higher.
If you opt for a promotion longer than 18 months, you’ll be charged a 2% promotional fee, but this fee does not apply to the 6- or 12-month options. This is important to consider if you’re planning to finance a larger purchase.
Currently, Pandora does not provide specific information on international shipping fees or the availability of financing for international orders. If you’re shopping from outside the U.S., it’s a good idea to check their shipping policies or contact customer service for more details.
Overall, while Pandora’s financing options offer flexibility, they come with high interest rates and strict terms. Be sure to fully understand the conditions and plan your payments to avoid additional costs.
Useful links:
Where to apply for Pandora financing
Learn more and apply at on the Pandora website here
