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It's inevitable — no matter how careful you are with your budget, unexpected costs will always arise with renovation projects large and small. But, if you use the right credit card, you can save on these expenses and even benefit from added perks like cash back, promotional financing and more. If you plan to make frequent trips to a specific home improvement store, a card that offers rewards and discounts at that particular retailer may yield better results.
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Note that unlike regular 0% intro APR offers, deferred interest plans will add interest to your balance from the purchase date if it isn’t fully repaid during the promotional period. If possible, we recommend avoiding deferred interest financing. The Synchrony HOME Credit Card may be a great choice for homeowners and renters. Cardholders can enjoy promotional financing on qualifying purchases and get free access to view their credit score. With thousands of Synchrony HOME retail partner locations, you may not want to leave home without this card. The Synchrony HOME Credit Card can help you enjoy where you live even more.
NerdWallet's Best Credit Cards for Home Improvement and New Homeowners of May 2024
Considering its lavish travel perks and the $325 annual travel credit, frequent travelers can easily justify the $400 annual fee. Plus, cardholders get eight free visits per year to Priority Pass airport lounges (enrollment required). The Citi Custom Cash is a great option for people looking to maximize cash back rewards without having to worry about activating or selecting bonus categories. The Synchrony Home card stands out among other co-branded store cards — and not in a good way. Many co-brands reward customers with points on purchases made at a particular store or chain of stores; the Synchrony card doesn’t. Say you purchase a $2,000 couch with your Synchrony Home card and get the 12-month deferred interest offer, but you have a $50 balance left on the card at the end of the promo period.
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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.
The best store credit cards in April 2024 - CNN Underscored
The best store credit cards in April 2024.
Posted: Wed, 17 Apr 2024 07:00:00 GMT [source]
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.
The Bankrate promise
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.
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.
Promotional financing
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.
Best for furniture purchases
Our credit cards team has spent hours analyzing hundreds of credit cards. We took a deep dive into the details of each product and that analysis, combined with our years of experience covering credit cards, informed us as we developed these credit card rankings. $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Earn $200 in cash back after you spend $1500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® points, which can be redeemed for $200 cash back. Below, CNBC Select rounds up the best credit cards for home improvements so you can earn rewards while remodeling your home (and potentially raising the resale value) — no matter what kind of project you have planned.
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.
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.
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