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4 Credit Cards Perfect for a Home Remodeling Project

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home remodeling credit cards

If you’re on the verge of a major home remodel, now may be the perfect time to get a brand new credit card. Not only can you qualify for special financing offers, but you can earn all kinds of rewards, too. And, if you’re spending a lot of money anyway, you might as well capitalize.

The problem lies in the fact that there are so many cards to choose from? How can you know which card is best? And, which card (or cards) might help you reach your goals fastest?

We’ve narrowed down to the top cards for a home remodel to help in that respect. If you’re preparing for an expensive remodeling project and want to use credit cards to your advantage, here are a few top options to consider:

Chase Sapphire Preferred® Card

If a large home remodeling project is on your horizon and your goal is earning rewards, you couldn’t do much better than the Chase Sapphire Preferred® Card. By signing up for the card and spending $4,000 within the first three months account opening, you’ll earn 50,000 points worth $500 in cash back or $625 in travel when you redeem through Chase Ultimate Rewards®.

Once you have the Chase Sapphire Preferred® Card, you can boost your rewards earnings by taking advantage of the Chase shopping portal when you shop at home improvement stores. While offers change all the time, you can usually count on getting anywhere from 1 – 5 bonus points per dollar spent at online stores like Lowe’s and Home Depot.

The annual fee on this card is waived the first year, then $95, too, making this a no-risk option if you want to earn rewards and try out the card’s benefits.

Discover it® – Cashback Match™

The Discover it® – Cashback Match™ is another great option for a home remodel, and for a few reasons. First, earn 5% cash back at Amazon.com and Target now through December 2017, on up to $1,500 in purchases when you activate. Plus, 1% cash back on all other purchases. If you buy some of the supplies for your home remodeling project from Amazon or Target, this is an easy way to earn 5 percent back.

But, it gets better. Discover will match ALL the cash back earned at the end of your first year, automatically. As an added bonus, there is a 0% intro APR on balance transfers and purchases for the first 14 months. If you want to pay for your home remodel slowly over several months without forking over money for interest, this is a great way to do it. Best of all, there is no annual fee.

Citi® Double Cash Card – 18 month BT offer

If you’re looking for a straight-up cash back credit card, the Citi® Double Cash Card – 18 month BT offer is hard to beat. With this card, you’ll get 1 percent back for each purchase you make followed by another 1 percent for paying that purchase off.

For a $10,000 home remodeling project, for example, you would earn a steady $200 in cash rewards. Since this card doesn’t charge an annual fee, you can also continue using it to rack up more rewards over time at no cost. Even better, this card offers 0% intro APR on purchases and balance transfers for a full 18 months!

Final Thoughts

With a home remodeling plan in the works, you need all the extra money you can get. Fortunately, some of the best credit cards on the market make it easy to get 0% into APR on purchases and/or rewards you can use to offset your home remodeling expenses.

Before you use plastic for your project, however, you should make sure your contractor doesn’t charge a fee. If he or she does, you may be better off sticking to cash, check, or debit.

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