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Keeping your home looking fabulous and up-to-date is just something that goes along with the pride of home ownership. Did you know using a home improvement rewards credit card may be just the thing to help you save some money on those home improvement projects? They’re great no matter what you’re fixing up, whether you’re just picking up some tools or buying everything you need to put in an in-ground swimming pool. There are many different rewards programs available and they all have different benefits, although all of these credit cards are designed to help you save money and earn rewards while shopping for home improvement goods and services.
Here are just a few of the projects you may be considering this summer or next:
- Adding a porch to your home
- Paving or fixing up your driveway
- Adding an addition to your home
- Converting your garage
- Finishing your basement
- Redecorating the living room
- Landscaping your front yard with scrubs, plants and new trees
- Replacing lightbulbs with energy efficient bulbs
- Replacing your appliances with Energy Star compliant models
- Installing new flooring
If you’re thinking about any of these projects you can end up earning huge rewards by using a home improvement credit card. They’re especially great for people that are constantly updating and adding on to their home and yard because you can earn rewards such as cash back, as well as extra mortgage payments on your home. What’s even better is not having to worry about interest rates from carrying a balance because you can simply pay your balance in full each month while still earning your rewards! When you’re looking for a credit card that will earn you rewards on your home improvements, remember that these cards probably won’t specifically mention home improvements. Instead, it’s usually best to look for a generally good rewards or cash back card that can earn you up to 5% back on your projects.
One card worth noting is the Home Advantage Mastercard from Bank of America. This is the number one home improvement card out there. It has no annual fee and you’ll earn 2 points for every $1 you spend at electronics, furnishing and home improvement stores for the first year. You also earn 1 point for every $1 you spend anywhere else. All of the points you earn can be used for payments toward your mortgage! You can also redeem your points for other things, like travel, cash and rental cars. This credit card even comes with a 0% APR for the first year!
The Discover More card is another one of the top overall rewards credit cards because this card gives you 5% cash back on every day purchases, including what you buy at department stores, restuarants and grocery stores. You also earn 1% back on all other purchases. There’s no annual fee and you can earn even bigger rebates when you shop with the online ShopDiscover store.
The Citi CashReturns Mastercard is another card to consider because it has no annual fee and can help you earn up to 5% back, even on cash advances! You also get extra insurance and warranties on the items you purchase, giving you the peace of mind you deserve when fixing up your home.
If you’re spending the money anyway to improve or update your home purchasing the items you need with one of these rewards cards will give you even more for your money. While most of these cards aren’t aimed specifically at home improvement shoppers, they still offer fantastic rebates and rewards on any home improvement project. Just make sure you completely understand how to take advantage of rewards cards before you start making purchases to ensure you get as much savings as possible.