What are Home-Improvement Credit Cards?
Home-improvement credit cards are a faster way to fund your project if you do not have all the cash at hand. It offers flexibility if you can find a credit card with low interest rates and need short-term cash.
What are my options?
We offer dozens of credit card options for all credit groups, including 0% APR options you can choose from directly. Visit our credit card page to learn more.
“A credit card with a 0% interest rate for a certain period of time allows you to break your big payments into multiple payments while saving you from interest costs.”
- Team Ccino
Look for a card with a 0% promotional APRs
A credit card with a 0% interest rate for a certain period of time allows you to break your big payments into multiple payments while saving you from interest costs. Some of these cards also offers rewards and purchase protection.
Try to pay it off before promotion period ends
If you can pay off your credit card balance before the promotional period ends, you will benefit greatly from a home-improvement credit card.
What are some of the benefits of using home-improvement credit cards?
Build Your Credit - Home-improvement credit cards allow you to build a good credit history which makes it easier for you to borrow funds in the future
Ongoing Home-Related Rewards - Many credit cards offer cashback, airline and travel points and store discounts
Payment Flexibility - Credit cards allow you to pay for large purchases over time as it can be hard to make the full payment all at once
How is my credit limit determined?
Each credit card you apply for comes with something called a credit limit. A credit limit is the maximum amount you can borrow before you have to start paying down the debt. Credit limits depend on a variety of factors including, income, existing debt and the amount of credit you have on other credit cards you own.
How do credit cards affect my credit score?
A credit score is a 3 digit number (300-850) that indicates how trustworthy of a borrower you are. Credit cards actually account for 35% of your credit score. Credit bureaus assess your payment history to determine your credit score. When you miss a minimum payment, it hurts your score which makes it harder for you to apply for loans and other forms of credit in the future.
Next-steps
If you think a home-improvement credit-card is right for you, please visit our credit card page to learn more and compare your options.
