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15 Best Credit Cards for Home Improvements | Ultimate Guide

Even though improving your home sounds like a great idea, something worth doing, you should also know that it is no small feat.

You would be boosting the value of your home, gaining valuable tax write-offs, and adding features you’ll enjoy. But you would also spend a lot of money and spend a lot of time. 

According to HomeAdvisor, the cost of the average home improvement project is $46,000. This bill may sound monstrous to some, but any small or large home improvement expense can evolve into valuable credit card rewards with the right strategy.

Those rewards are something you just can’t get with a home improvement loan. This article aims to enlighten you on the best credit cards for home improvements. 

Table of contents

Why Do You Need A Credit Card For Home Improvement?

There are credit cards that are specifically used for home improvements due to the benefits you would enjoy from them.

Some of the benefits are:

  • With a credit card for home improvement, you can pay for purchases over time. Credit cards allow you to pay for a purchase using your card today and pay off your credit card balance on a future date. 
  • Some of the credit cards allow you to withdraw without paying any interest charges. 
  • Credit cards for home improvement are also very convenient. This is a huge advantage because it is easier than using other payment methods. 
  • The credit cards for home improvements send you a statement each month detailing exactly when, where and how much you spent on each purchase charged to your card. You can use the information from these statements to keep track of your spending. 
  • Credit cards also offer greater rewards as you spend more on home improvement. The ability to earn rewards for your purchases is one of the most obvious advantages of having a credit card. Each rewards program has its own system for earning, managing and redeeming rewards.
  • Using credit cards for home improvements protects you from fraud. To help make your credit card even more secure, your issuer may offer virtual account numbers you can use when making over-the-phone or online purchases.
  • Using a credit card for home improvement offers you purchase protection. This covers against damage or theft of the items purchased with an eligible credit card. These benefits normally protect your new purchases for roughly three months after you buy the item, but it may vary by the card issuer. 

Check Out: What is a Good APR on a Credit Card? 

What to Look Out For In Credit Cards for Home Improvement

When you want to improve your home and have checked yourself and figured out that you have the money to do this, you should ask yourself what credit card would have the best features to easily carry out the home improvement.

Figure out for yourself if you want to earn valuable travel rewards to take a vacation after your renovations are complete or if you simply need a card with an extended intro 0% APR.

Either way, the qualities you want to look out for in the card you should use for home improvement are; a card that:

  • matches your needs
  • Suits your transfer limits, taking into consideration the items you would purchase for the home improvement.
  • has benefits
  • has warranty
  • protects your personal information and has security in place in case of fraud
  • Would maximize your travel rewards. 

Check Also:  What is an Unsecured Credit Card | Meaning & How it Works

15 Best Credit Cards for Home Improvement

#1. Chase Sapphire Preferred Card

This card has been ranked high as one of the best card for home improvements and bulk spending, including travels.

It is known for its valuable rewards, robust perks, and low annual fee. This card has a 5/24 rule, which excludes any aspiring Chase cardholders who have had more than five credit applications in the past 24 months.

If you are looking for a credit card for home improvement in 2023, the Chase Sapphire Preferred card ranks #1. 

#2. Chase Freedom Unlimited

The Chase Freedom Unlimited is a great card to drive down the bottom line of your home improvement project.

With this card, you can earn additional 1.5% cash back on all purchases. You would also have a 0% intro APR on purchases for the first 15 months. Home improvements cost a lot.

With all that spending, Chase Freedom Unlimited is a card to reward you for all that spending. 

See Also: How To Pay Off Credit Card Debt Fast | Best Strategies

#3. The Platinum Card from American Express

The Platinum Card from American Express is a heavy-hitting card with a robust suite of travel benefits.

This card is great for someone who intends to spend moderately. The card does come with a heavy annual fee of $695, but you can get back the vast majority of the value if you travel a decent amount.

This card is great for someone with a good-to-excellent credit score who has the financial means to pay off their home improvement expenses in full each month.

Check Also: How to Get Out of Credit Card Debt in 2023

#4. Chase Freedom Flex

This card is also ranked high in the list of credit cards for home improvement in 2023.

With this card, each quarter, you would have the opportunity to earn 5% on rotating quarterly categories and travel purchased through the Chase Ultimate Rewards portal.

You would have a 0% intro APR for 15 months on purchases in case you need more time to pay your renovation expenses.

This card is great for someone looking for payment flexibility when it comes to their home improvement project expenses.

Read Also: What is a Secured Credit Card And How Does It Work?

#5. Citi Double Cash Card

The Citi Double Cash Card is great for someone looking for no-fuss cashback results. You earn up to 2% cash back on all purchases: 1% as you buy and 1% as you pay.

There are no categories to worry about and no annual fee, so your earnings will come easily as long as you pay your statement balances.

In addition, if you’re looking for a balance transfer card, this could be a great choice for you. There’s a 0% intro APR for 18 months.

This can be an excellent way to consolidate your balances into one card with an extended period of no interest.

So, if your home improvement expenses end up higher than you expected, this card could come in handy for helping you pay them off.

See Also: What is Credit Card Charge? How To Spot And Report Fraudulent Charges

#6. Citi Rewards Card

Ranked #6 in the list for the best credit cards for home improvement in 2023, the Citi Rewards Card has up to 5X rewards rate, a welcome bonus of 20,000 points, a $0 annual fee and regular APR of 13.49% – 23.49%.

If you ae looking out for a great card to aid in your home improvement, with security and payback options, you should really consider the Citi Rewards Card. 

#7. U.S. Bank Visa Platinum Card

This credit card for home improvement was launched on a secure website with $0 annual fee. It is great for bulk spending, which include buying homes, mortgages and even travels.

Also, it has a regular APR of 14.49% – 24.49% (Variable) and an excellent credit score. It is one of the best credit cards for home improvement. 

#8. Ink Business Cash Credit Card

This is one of the best credit cards for home improvements. With a 5% reward rate, you can earn 5% cashback on the first $25,000 spent in combined purchases at office supply stores and on internet.

It has a $0 annual fee, with a regular APR of 13.24% – 19.24%. This credit card also has an excellent credit score. 

#9. Ink Business Preferred Credit Card

Rated 5.0, this is one of the best cards you should look to when you intend to improve your home.

This card is on a secure website, protecting all your information from fraudsters and ensuring your funds are safe.

With this card, you can earn 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and home purchases.

You would also have a welcome bonus of 100,000 bonus points. This card has an annual fee of $95 and a regular APR of 15.99%-20.99% Variable. 

#10. Chase Sapphire Reserve

The Chase Sapphire Reserve can be a good option if you can parlay your home improvement project into serious travel rewards.

This card also comes with important travel benefits that can make trips more comfortable and convenient.

As a cardholder, you would earn 5 points per dollar on air travel and 10 points per dollar on hotels and car rentals when purchasing travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually.

However, The Chase Sapphire Reserve charges a hefty $550 annual fee. 

#11. Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is a good option to consider if you want to earn flexible travel rewards on your home improvement project without worrying about bonus categories that rotate. You would get a variety of rewards and credit offers.

You can earn 60,000 miles after spending $3,000 on purchases within 3 months from account opening.

This is a great card to use when you are looking for the best credit cards for home improvement. 

#12. Hilton Surpass Card

This is one of the best credit cards you could use if you are interested in home improvements.

With this card, you can get 2% cash-back at supermarkets, a $2,500 per quarter limit for 3% and 2% categories combined.

It has been ranked quite high and even though its security status is not as tight as other cards above, the card does have peculiar features which make it some peoples favorite. 

#13. Huntington Voice Business Card

This credit card for home improvement offers 4x cash-back on a select merchant category of your choice, including home improvement stores and home improvement gift cards purchased at other 4x category merchants.

Huntington Voice card 3x rewards on a select merchant category of your choice of 13 merchant category options, including home improvement stores and home improvement gift cards purchased at other 3x category merchants. 

#14. Citi Premier Card

This card has some very unique features which has enticed it to the hearts of home owners who are looking to do some home improvements.

This card offers 3x earnings at home improvement stores and on home improvement gift cards purchased at other 3x bonus category.

It has great security and has been ranked high as one of the easy cards used conveniently. Asides its annual fee, it has all the features of the card you would want to use for your home improvement. 

#15. Lowe’s Advantage Card

Ranked #15 in the list of credit cards for home improvement in 2023, Lowe’s card offers an automatic 5% discount on almost all purchases.

Its special financing offer could be useful when you are shopping expensive items for the purpose of improving your house. It has a $0 annual fee and the ongoing APR is 26.99%.

Conclusion

The benefits of home improvement store-branded cards are limited to an upfront discount/rebate and extended payment options.

Before your purchase, compare store-branded cards with other rewards-earning credit cards that may offer broader earning options, flexible reward redemptions, and greater benefits.

However, the best card for your home improvement purchase will depend on your willingness to pay an annual fee, how well rewards earnings match up with your spending mix, and if you can use any other benefits offered by the card.

Frequently Asked Questions

Is Citi Double a good credit card for buying appliances?

The Citi Double Cash Card is the best card for buying home improvement appliances. 

Can you get a discount?

Yes. You can also get a discount for paying in cash. Contractors and home improvement companies pay steep fees to accept credit cards, often 2% to 4% of the amount charged to a card. For this reason, many contractors will give you a cash discount for paying with cash, check, money order, or bank wire.

How do you qualify for its credit card?

You can generally qualify for a credit card after buying a house as long as your mortgage has closed. A new card will help you build credit when used responsibly, and you may qualify for one of the cards listed above that can reward you with cash back for every purchase you make for your new home.

which option.is best for personal use?

For personal use, choose the Lowe’s Advantage Credit Card. When it comes to your business, choose between the Lowe’s Business Advantage Card, the Lowe’s Commercial Account Card and the Lowe’s Business Rewards Card from American Express.

Does the credit card charge a fee?

Your credit card may charge you a fee which can range from $49 to $550 each year for being a card member and for providing miles, cash back and reward point programs.

References

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