Best Credit Cards for Home Improvement of April 2024

Table Of Content

• Citi Double Cash® Card
• Best for financing a big-ticket remodel
• Enjoy these EVERYDAY BENEFITS EVERYWHERE THE CARD IS ACCEPTED
• Pros and Cons of Credit Cards for Home Improvement
• Blue Cash Preferred® Card from American Express
• Bank of America Customized Cash Rewards credit card: Best for home improvement stores
• Popular Content

The Synchrony HOME Credit Card is designed for your homebuying needs. Since furnishing or decorating a home can be expensive, one of the main perks of this card are the promotional financing options that can help you manage your cash flow. That said, the card comes with various features that can benefit cardholders. Here are five benefits of being a Synchrony HOME Credit Cardholder.

Citi Double Cash® Card

No single credit card is the best option for every family, every purchase or every budget. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers. Forbes Advisor uses data from multiple government agencies to determine how much a typical cardholder might spend. We use the same numbers for cards in the same category to make sure we are comparing cards the same way.

Best for financing a big-ticket remodel

While we adhere to stricteditorial integrity,this post may contain references to products from our partners. Here's an explanation for how we make money.The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. A regular rewards card, on the other hand, can be used anywhere and your purchases earn rewards, which can be used as statement credits, redeemed for cash back or for future travel and more.

Here are the best credit cards to help pay for your home improvements - CNBC

Here are the best credit cards to help pay for your home improvements.

Posted: Tue, 25 Feb 2020 01:00:33 GMT [source]

Enjoy these EVERYDAY BENEFITS EVERYWHERE THE CARD IS ACCEPTED

Others, can be used anywhere credit cards are accepted, including Walmart. There are a couple good reasons you may want to open a new card for a home improvement project. If you apply for a credit card offering a lengthy intro APR, you can spread out payments during the promotional period to finance your improvement costs. Deferred interest deals require you pay off the balance by a specified period of time. If you don’t zero out the balance by the deadline, you’ll get socked with interest charges from the date of purchase. In contrast, if you have any balance remaining on a 0% intro APR card after the promotion expires, just the unpaid portion of your balance will be subject to your card’s ongoing APR.

Check out the offers available through our home improvement partners. If you’re looking for a store card to use at Lowe’s, you could check out the Lowe's Store Card.... Don't trust their map of authorized retailers, also don't trust their customer service when you specifically contact them to verify an authorized retailer, truth is they don't cover much of anything. For Synchrony HOME Partners that accept the card online look for the option to pay with a Synchrony HOME Credit Card on the payment page. Enter your Synchrony HOME Credit Card account number when prompted. With your Synchrony HOME Credit Card, you can take advantage of special offers from our partners.

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Blue Cash Preferred® Card from American Express

A drawback is that the rewards are redeemable only for more Ikea purchases — but if you enjoy wandering the maze in Ikea's showrooms, that may only add to the appeal. Promotional financing offers available at the time of purchase may vary by location. This card also gives you 5 percent back on prepaid airfare, hotel stays and car rentals through the U.S.

Here are our selections for the best credit cards for home improvement of April 2024. Credit cards with an introductory 0% APR offer buy you time to pay off large home improvement projects, such as remodeling a kitchen, gutting an old bathroom or finishing a basement. Forbes Advisor rates cards both as stand-alone products (the card rating on the review) and compared to others in a specific use case (the card rating you see on a specific “Best” list). The rating for each card changes on different “Best” lists according to how a person looking for a card in that category may value certain card features.

Ultimately, you’ll want to choose a card that both rewards you for home improvement purchases and offers you value long after you’ve finished your project. Finally, remember that you’ll want a credit card that serves you long after your home improvement project is complete. With that in mind, you’ll want to select a credit card that offers rewards that align with your regular spending.

Cons of Credit Cards for Home Improvement

Several retailers in the home improvement space offer their own store card or co-branded credit cards. Using one of these cards could work well if you expect to buy most of your home products from that particular retailer. However, general rewards cards offer more flexibility and are likely to provide better long-term value after your project is complete.

While there are many ways to finance a home improvement project, using the right credit card for your project can help you save money as well as earn cash back, points or miles on your purchases. Or you can apply for a new card offering a 0% intro APR to help you finance the project over a period of time. Many rewards cards offer generous welcome bonuses once you meet a certain spending requirement, which can often be met easily when you’re paying for pricey home improvement projects.

As a bonus, this card also offers a 0 percent intro APR on purchases for 12 months (variable APR of 17.99 percent to 23.99 percent thereafter), a feature that is less common with business cards. This gives you a full year to pay off your home improvement purchases without interest. Homeowners who want to save money on interest should also consider this card for its 0 percent APR on purchases for 15 months (followed by a variable APR of 19.74 percent to 28.49 percent). If you have a large home improvement project coming up and want some time to pay it down, scoring a lengthy 0 percent offer can lead to significant savings over time. Robin Saks Frankel is a credit cards lead editor at USA TODAY Blueprint. Previously, she was a credit cards and personal finance deputy editor for Forbes Advisor.

Our editorial team does not receive direct compensation from our advertisers. Retail cards may be easier to qualify for than a 0% intro APR credit card, but the financing options on those cards often involve deferred interest. Know that credit cards also offer an extra layer of protection against damage, fraud or theft, which can be especially helpful when remodeling. Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases.

But for larger remodels, you could potentially earn far more in rewards by choosing a credit card that offers an elevated flat rate on all purchases with no limits. A home improvement credit card is any credit card that’s well-suited to paying for home remodeling purchases. Often this means that the card earns extra rewards for these purchases or can provide limited-time 0% APR financing. With some credit cards, both of these benefits may be available.

Balance transfers made within 120 days qualify for the intro APR and a balance transfer fee of 5%, min $5 applies. Year after year, the Citi Double Cash® Card has been a top choice among flat-rate cash-back cards. You earn 2% cash back on every purchase — 1% when you buy something and 1% when you pay it off. There's no 0% intro period for purchases and no bonus categories, but the high rewards rate more than makes up for the lack of bells and whistles. If you plan to make a large home improvement purchase, coordinate your spending so you earn a generous cash bonus with a rewards credit card.

We are an independent, advertising-supported comparison service. Ashley Barnett has been writing and editing personal finance articles for the internet since 2008. Before editing for USA TODAY Blueprint, she was the Content Director for an international media company leading the content on their suite of personal finance sites. She lives in Phoenix, AZ where you can find her rereading Harry Potter for the 100th time.