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If you plan to pay off your purchases right away, this no annual fee card is a great option. Not only does it offer great cash rewards, but the Bank of America Customized Cash Rewards Credit Card’s 0% APR offer can also give you flexibility to pay off your project over time. There’s an introductory 0% APR for 18 billing cycles on purchases and balance transfers made within 60 days of account opening, followed by a variable APR of 17.74% to 27.74%. The Citi® Double Cash Card has an easy-to-use rewards program that lets you earn on each dollar you spend. Cardholders earn 2% cash back on all purchases, 1% when you make a purchase and an additional 1% when you pay your credit card bill.
When it comes to redeeming your rewards, you can transfer them to a handful of airline and hotel partners or redeem them for an eligible travel purchase charged to your card. The bonus categories on this card aren’t geared to home improvement, but you can still rack up a lot of rewards via the initial welcome bonus and the 1 point per dollar you earn on regular spending. This card’s points are also part of the Chase Ultimate Rewards program, so the rewards earned are superior in terms of flexibility. If you’re specifically hoping to turn your project into a big welcome bonus and you want a business credit card, check out the Ink Business Preferred® Credit Card. 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 Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.
Creative Home Improvement Business Card Designs.
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. Offers enticing cash rewards for those with significant business-related spending, with an added bonus of 0% introductory APR on purchases for the first 12 months of opening your account.
The card earns 5% cash back on purchases in a top eligible spend category each billing cycle, up to the first $500 in spending each month and 1% cash back on all other purchases. Included among this card’s unique bonus reward categories are home improvement stores. The Chase Sapphire Preferred is a travel rewards credit card with a low $95 annual fee and a decent welcome bonus. You can earn 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening, which is worth up to $750 when redeemed for travel via Chase Ultimate Rewards®. All that spending on your new renovation can help you earn rewards to use to cover the cost of a quick getaway.
Are there alternative credit cards worth considering?
With this card, you’ll get 3% back in a category you choose (among gas, online shopping, dining, travel, drugstores, or home improvement/furnishings), as well as 2% back at grocery stores and wholesale clubs. These rewards rates apply to the first $2,500 in combined choice category/grocery/wholesale club spending per quarter. After that, you’ll earn 1% back, and get 1% back on all other purchases. The Discover it® Cash Back is a no-annual-fee card that offers 5% cash back in rotating categories on up to $1,500 in combined purchases after you activate the bonus every quarter (then 1%). After you reach the $1,500 limit, you'll still earn 1% on all eligible purchases. And if you maximize your spending in these categories, you could earn $75 cash back each quarter on top of the unlimited 1% cash back you automatically earn in all the other categories.
The home improvement credit cards mentioned above give cardholders the best rewards for their DIY efforts. Just be aware of any limitations on rewards offers and keep your promotional time frame in mind to decide when to make big purchases. Before you open a new credit card to help you save on your next project, make sure you choose one that offers benefits you can use for the long haul. Look for a cash back card with exceptional rewards not only on home improvement but on your most frequent everyday spending categories too, like dining, groceries, or gas.
Before Using a Credit Card for Home Improvement:
Eligible spending includes everything from hardware stores to repair shops to big box home improvement retailers. Contractors are also eligible, so if you want to bring in an electrician or carpentry contractor, you can still earn rewards on your payment. If you’re already a Bank of America customer or you’re considering becoming one, see if you can qualify for the bank’s Preferred Rewards program. With enough cash in your eligible account, you could earn 25% to 75% more rewards for each dollar you spend with this card.
If you carry a balance on your IKEA card, the APR is moderate compared to other home improvement cards. The employee will receive a system generated email with information about the action taken. If you request more information, the employee will need to edit and resubmit the request for you to review and approve before the entries route to payroll for processing. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
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. Cardholders can also earn a $200 cash-back bonus by spending $1,500 or more in the first six months of membership. Members can take advantage of perks like six-month special financing and 84 fixed monthly payments at a lower interest rate when they spend $2,000 or more. New cardholders get 20% off when they open and use their new accounts, though the bank limits the savings to $100. Cardholders also get 5% off everything in the store and online daily. Applicants should always look into all fees before they apply for any credit card.
If you want to invest in a larger project, think about insulating or re-insulating your home. Proper insulation will make a huge difference in maintaining a comfortable indoor temperature throughout the winter, especially if you live in an area prone to storms or freezing. Maintenance on existing insulation, such as close inspections for damage, is also important. Insulation is a tricky home improvement project to DIY, though not impossible if you know what you’re doing. Fall is the traditional harvest season and also the ideal time to build a shed to house all your gardening-related tools and materials before winter. You could even turn your shed into a processing area for canning, preserving and pickling your crops.
Potential applicants should compare interests regardless of the type of card they’re looking for. It lets you pay for home improvement projects in-store, online, and on the Home Depot app. Home Depot’s goal is to offer more alternatives to people that currently use credit cards, like Visa and American Express.
These cards are usually a better bet than a Home Depot Home Improver Card because the interest rates and rewards are usually more beneficial to the credit card owner. In addition to using this card when planning a big-ticket remodel, it's also good for everyday use with its 1.5% cash back on most purchases. You can also earn 5% cash back on travel purchased through Chase, 3% on dining at restaurants, including takeout, and drugstores. Before choosing a new credit card to charge your home repair expenses to, you should identify your goals. Are you looking to earn cash back rewards to use any way you’d like?
The Home Depot Project Loan Card allows you to lend money to others to pay for home improvement projects. If your balance is under $1500, you will either have to come into the store to pay or Home Depot will mail you a check. You can check the balance of your Home Depot Home Improver Visa Card either in store or online. Through your Home Depot Home Improver Card, you can make payments and receive discounts on your account, such as paying your bill or signing up for an offer.. Additionally, you can receive $20 off of purchases worth $20 to $299, $40 off on purchases worth $300 to $799, or $60 off on bills worth $800 or more. The Home Depot Improver Card is an exclusive payment card that is available to Home Depot customers.
