Before you pop the most important question to your future spouse, consider the other question you should be asking yourself: “How am I going to pay for this?” The average cost of an engagement ring is around $5,500, although it varies a lot by region and the couples’ financial circumstances. As with most large, important purchases, it’s worth evaluating what your best option is, and that also extends to the best credit card to use for that purchase.
Let’s explore some of the best options, ranging from travel credit cards that will help you offset the cost of your future honeymoon to cash-back earning cards so you can lower your out-of-pocket expenses. We’ll also consider some 0% intro APR credit cards that give you sufficient runway to get your financials in order.