Wells Fargo Financing
After you apply on the Watch Chest site, you will receive a Wells Fargo Jewelry Advantage application to your email address. You are applying for an unsecured line of credit, which requires a credit check. After this application is complete a credit decision is made.
Most credit decisions are made immediately and Wells Fargo will inform you of the amount of credit you qualify for.
Your credit is available for immediate use where you may apply it to any timepiece purchase at Watch Chest.
Is Wells Fargo financing better than using my daily credit card?
We certainly believe it can be and it's the main reason why we have partnered with Wells Fargo. With the Wells Fargo Jewelry Advantage program, there main advantage is no interest if the balance is paid off in 12 months. Compare that to your normal credit card which only gives you one month. When making a significant purchase, having ample time to pay credit off can make all the difference.
Does it cost me to use a credit card or financing?
Yes. When you use either your own credit card or the Wells Fargo credit card, there is a fee. We charge 3.5% for credit cards and 4.99% for Wells Fargo financing. The only payment method with no fee is bank wire transfer, which we advise all our clients to use if possible.
Why doesn't Watch Chest offer Affirm/Klarna/etc?
Companies like Affirm and Klarna are not designed for high value items. Because they don't perform a hard credit check, they usually can't loan anything over $5,000. Furthermore, they charge vendors like Watch Chest over 8% of each sale. This unfortunately doesn't economically work as we would have to pass that 8% surcharge to our clients.
Can you give me the details and disclosures?
The Watch Chest credit card is issued by Wells Fargo Bank, N.A. Special terms apply to qualifying purchases of $1,000 or more charged with approved credit. Minimum monthly payments are required during the promotional (special terms) period. Interest will be charged to your account from the purchase date at the APR for Purchases if the purchase balance is not paid in full within the promotional period. Paying only the minimum monthly payment will not pay off the purchase balance before the end of the promotional period. For new accounts, the APR for Purchases is 28.99%. If you are charged interest in any billing cycle, the minimum interest charge will be $1.00. This information is accurate as of 10/01/2022 and is subject to change. For current information, call us at 1-800-431-5921. Offer expires 12/31/2022.
How do I checkout using Wells Fargo financing?
By using the financing payment method at checkout.