Best Credit Cards for Home Improvement Projects Of April 2024

Table Of Content

• Wells Fargo Active Cash® Card
• Using credit cards strategically on home improvement projects
• Capital One Venture Rewards Credit Card
• Synchrony for business
• Check it out: This is what the average household spends on grocery costs per month
• ways to maximize the Citi Custom Cash card’s 5% cash-back categories
• Prime Visa

Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. The information is accurate as of the publish date, but always check the provider’s website for the most current information. Before you embark on a renovation project, you should do some research to find what kind of rewards cards would serve your needs best. Bank Cash+® Visa Signature® Card has been collected independently by Blueprint.

Wells Fargo Active Cash® Card

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Using credit cards strategically on home improvement projects

The Synchrony Bank foreign transaction fee is 0% to 0%, depending on the specific credit card. A foreign transaction fee is a surcharge that some credit cards add to transactions processed outside of the United States. The fee applies whether you’re physically in a foreign country making a purchase or buying something online through an internationally-based merchant.

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Capital One Venture Rewards Credit Card

You’ll be charged interest on the full $2,000 rather than the more manageable $50. Bankrate follows a stricteditorial 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 content created by our editorial staff is objective, factual, and not influenced by our advertisers.

As you look for a rewards credit card for your next project, consider these tips to find the best card for your needs. The card also comes with a helpful 15-month intro APR offer that allows you to spread out your payments for home improvements (or anything else) over time without incurring interest charges during the promotional period. Improving your home usually entails some redecorating to match your fresh new space. For this, credit cards with a rotating calendar of cash-back categories can give you the most bang for your buck.

A store credit card typically offers deferred interest financing, meaning that the entire balance needs to be paid by a certain date — anywhere from six months to several years. If you don’t pay off the balance in that time frame, interest charges will be assessed from the date of purchase. Plus, you may be limited to using that card only at that particular retailer.

Home Improvement Credit Cards

Those seeking a balance transfer card will likely appreciate that the Wells Fargo Reflect Card offers a generous introductory APR period on purchases and qualifying balance transfers. However, the card doesn’t offer rewards or other notable benefits, so give it a pass if you don’t need a long introductory APR period. A credit card can be a useful tool when it comes to home improvements. That’s true whether you’re shopping for a home remodel online or in a big box store. By picking up one of the best credit cards for home improvement, you could earn lucrative rewards for each dollar spent and you may even be able to finance your project without interest for a limited time. If you plan to spend a significant amount at a particular store as you spruce up your home, take a look at that store’s branded credit card.

ways to maximize the Citi Custom Cash card’s 5% cash-back categories

She has also covered credit cards and related content for other national web publications including NerdWallet, Bankrate and HerMoney. Also, many rewards cards require you meet a minimum spend amount in order to earn the card’s welcome bonus of points, miles or cash back. Meeting that minimum spend requirement can often be achieved quickly with your home improvement purchases. According to a 2022 Houzz study, the median spend on planned renovation projects ran about $15,000.

Make sure you pay the balance in full before the six-month offer ends to avoid interest charges. Continuing to carry a balance after six months will cause you to incur deferred interest, which is a charge for all the interest you accrued since the date you made your purchase. 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. It doesn't require quarterly activation and there's no limit to how much cash back you can earn.

She is the former senior managing editor for LendingTree, responsible for all credit card and credit health content. Before joining LendingTree, Julie spent more than a decade as the managing editor and then editorial director at Bankrate and CreditCards.com. She also served as an adjunct journalism instructor at the University of Texas at Austin. Yes, you can put home repairs on a credit card, provided that the vendors accept credit cards. Purchasing materials should be easy to put on a credit card, however, some contractors prefer to be paid in cash or by check and may charge a fee if paid via credit card. It’s smart to ask upfront how a contractor prefers to be paid.

Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. This is the only card on this list that comes with a $0 intro annual fee for the first year, then $95 annual fee thereafter, which means a little more in your pocket to spend on home improvements.

Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered. Owning a home may be a common goal for many Americans, but it can also be a pricey endeavor. In addition to the ongoing maintenance and repairs that all homeowners expect, most people choose to spruce up their properties — including outdoor spaces — every few years. Add on new flooring, the occasional kitchen or bathroom remodel and other upgrades that are necessary over time, and it’s easy to spend a pretty penny keeping your home in tip-top shape.