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Divide your purchase amount by that number to calculate how many months it would take you to pay it off. Then, look for credit cards that offer 0% intro APR periods of at least that length. You also get bonus rewards at grocery stores and wholesale clubs, plus a great new-cardholder bonus offer.
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Earn a high cash-back rate in the category of your choice—with the option to change it every quarter. The maximum is $2,000 in spend per quarter, but that could get you far, depending which category you pick. Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations. Some of our best credit cards for home improvement and new homeowners can be applied for through NerdWallet, and some cannot. Below, you'll find application links for the credit cards from our partners that are available through NerdWallet, followed by the full list of our picks. There are many credit cards that can work well for DIY home renovations or even a major home improvement project.
Home Depot Credit Card: What You Need To Know - Forbes
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NerdWallet's Best Credit Cards for Home Improvement and New Homeowners of May 2024
If you have a larger project to finance, the Lowe's Advantage Credit Card can also provide a decent 84-month fixed payment plan that acts similar to what you may get with a personal loan. If your project is not large enough for such a long financing period, you can opt for a more basic option of no interest on purchases of $299 or more when paid in full within six months. Before choosing a new credit card for home repair expenses, you should identify your goals. Are you looking to earn cash-back rewards to use any way you’d like?
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Cardholder income will be used as a factor to determine eligibility for a credit limit increase. Make the best decision on how to budget your purchase with our convenient Payment Calculator. Select a category below to refine your search and click on Find Locations.
That flexibility could make it an excellent choice for short-term home projects. If you regularly rack up your monthly balance, the 2.5% return on the Alliant card is hard to beat. The downsides are that excellent credit is recommended before you apply for the card and the lack of a welcome bonus.
Accepted at thousands of Synchrony HOME retail partners nationwide
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That means you can take advantage of the card perks without having to worry about an annual fee. Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you. You can use your Synchrony Home Credit Card to make purchases at these retailers at a special price. I will pay this one and only purchase off and destroy the card. You will only be charged interest on your promotional balance if you do not pay it off within the promotional period.
I just spoke to customer service & they said the card is store specific, in other words I can only use credit available with vendor I purchased HVAC from. If I want to use at other retailers participating with Synchrony Home Design, I must apply for a new card with each store participating. I had red online if card has VISA or MasterCard logo, it can be used anywhere. Mine does not, customer rep said currently they do not offer Visa or MasterCard with this card.
Do you want to earn a welcome bonus?
The Wells Fargo Active Cash offers an unlimited 2% cash rewards rate on purchases and charges no annual fee. This puts it in competition with the best flat-rate cash back cards on the market. The Citi Custom Cash also comes with a 0 percent intro APR on new purchases and balance transfers for the first 15 months, followed by a variable APR of 18.99 percent to 28.99 percent. Plus, you’ll get the chance to earn a welcome offer of 20,000 ThankYou points — worth $200 in cash back — after spending $1,500 in the first six months of account opening. You can also buy gift cards for home improvement stores with your credit card in stores that align with a card’s bonus categories.
Instead, it tries to entice people with financing offers, which seem promising but can end up costing you money if you don’t understand their terms. We believe everyone should be able to make financial decisions with confidence. Promotional financing can be a useful tool, as it allows you to purchase things you need today—such as furniture, appliances, mattresses, flooring and more—with the flexibility to pay for them over time. The Synchrony HOME Credit Card is accepted at all Synchrony HOME Partner locations.
Just make sure you can easily meet the minimum spending requirement within the timeframe specified or you’ll miss out. But don’t go over budget just to qualify for a bonus — those extra rewards are not worth taking on high-interest balances. Bank Cash+ card’s ability to choose your own category, this card still ensures that you’ll earn a high rate of rewards on a category you spend a lot of money in. A card that yields the best rewards on a major remodeling project may not be the same card for multiple trips for smaller purchases. And someone who could use extra time to pay off a big project at home might fare better with a card offering an extended 0% introductory APR since the interest rate charged by most credit cards will outweigh any rewards. If you’re hoping to use a home improvement credit card to finance a large home expense, it’s important to consider how much you could realistically pay toward the purchase per month.
Your high earnings are capped at $2,000 in spend each quarter, after that you’ll earn one point per dollar. Huntington doesn’t charge foreign transaction fees on any of its credit cards. Other benefits are sparse but you do get an extra day to make your payment before the late fee kicks in. NerdWallet's credit cards team selects the best credit cards in each category based on overall consumer value.
You can always choose to pay off your promotional balance earlier as well. If you max out the 3 percent home improvement category with your Bank of America Customized Cash Rewards, you’ll earn $75 in cash back per quarter ($300 per year). Plus, your rewards could be even higher if you’re a Bank of America Preferred Rewards member since members earn 25 percent to 75 percent more points (depending on the membership tier). Julie Stephen Sherrier is a personal finance writer and editor based in Austin, TX.
Casual travelers who don’t plan to carry a balance will find good value in this card’s rewards rate. For those uncomfortable with the inherent risk of deferred interest, a card with a 0% introductory APR offer is a safer option. For the term of the 0% period, you won’t be charged any interest, and if you have a balance remaining at the end of that promotional period, you'll owe interest only on that remainder, not the entire amount. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.
If you’re going to be paying for gas, groceries and utility bills anyway, you might as well get something in return. You can also earn a welcome bonus of $200 after spending $1,000 within the first 90 days of account opening, which you can put toward home improvement costs. And if you need to pay off a large home improvement project over time, this card also comes with a 0 percent intro APR on purchases for 18 billing cycles (then a variable APR of 17.74 percent to 27.74 percent).
The Lowe's credit card offers an everyday 5% discount on eligible in-store and online purchases. It can't be combined with other promotions and discounts, nor can it be used to pay for service charges like delivery and installation fees. Yet, this 5% can go a long way when you're racking up a large bill on expensive items like light fixtures, tiling and cabinets.
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