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You can apply in-store or online at one of our Synchrony HOME partners. Having a good credit score is essential because lenders use it as one factor when determining how creditworthy you are. In other words, if you ever need a mortgage, auto loan or personal loan in the future, having a good credit score can help with your application. For examples of specific retailers in each category, see this page at U.S. Whether you want to address a much-needed repair, or complete a dream renovation, Synchrony is here to help.
NerdWallet's Best Credit Cards for Home Improvement and New Homeowners of May 2024
9 Things You Should Always Pay for with a Credit Card (and a Few You Should Never) - Apartment Therapy
9 Things You Should Always Pay for with a Credit Card (and a Few You Should Never).
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For rates and fees of the Discover it® Cash Back, click here. To view rates and fees of the Blue Cash Preferred® Card from American Express, see this page. 4Cardholders may be required to provide their annual net income if their recent information is not on file.
Best for large projects
Balance transfers made within 120 days qualify for the intro APR and a balance transfer fee of 5%, min $5 applies. Year after year, the Citi Double Cash® Card has been a top choice among flat-rate cash-back cards. You earn 2% cash back on every purchase — 1% when you buy something and 1% when you pay it off. There's no 0% intro period for purchases and no bonus categories, but the high rewards rate more than makes up for the lack of bells and whistles. If you plan to make a large home improvement purchase, coordinate your spending so you earn a generous cash bonus with a rewards credit card.
People Also Apply For
Lastly, keep in mind that a card that offers an introductory APR offer on purchases, like the Wells Fargo Reflect® Card, could be more valuable to you than any rewards a card can offer. Knowing the projected cost of your home makeover can also help when comparing welcome bonus offers. A card that’s offering an exceptional welcome bonus may also have a higher spending requirement than other cards that are offering average welcome bonuses. If you’re confident that you’ll reach that spending threshold anyway, it could make sense to choose the card with the higher bonus offer. Various home improvement stores offer co-branded credit cards.
MyLowe’s Rewards Credit Card
While there are many ways to finance a home improvement project, using the right credit card for your project can help you save money as well as earn cash back, points or miles on your purchases. Or you can apply for a new card offering a 0% intro APR to help you finance the project over a period of time. Many rewards cards offer generous welcome bonuses once you meet a certain spending requirement, which can often be met easily when you’re paying for pricey home improvement projects.
Best Credit Cards of 2024
Others, can be used anywhere credit cards are accepted, including Walmart. There are a couple good reasons you may want to open a new card for a home improvement project. If you apply for a credit card offering a lengthy intro APR, you can spread out payments during the promotional period to finance your improvement costs. Deferred interest deals require you pay off the balance by a specified period of time. If you don’t zero out the balance by the deadline, you’ll get socked with interest charges from the date of purchase. In contrast, if you have any balance remaining on a 0% intro APR card after the promotion expires, just the unpaid portion of your balance will be subject to your card’s ongoing APR.
Discover it® Cash Back
The Synchrony HOME Credit Card is designed for your homebuying needs. Since furnishing or decorating a home can be expensive, one of the main perks of this card are the promotional financing options that can help you manage your cash flow. That said, the card comes with various features that can benefit cardholders. Here are five benefits of being a Synchrony HOME Credit Cardholder.
Capital One Venture Rewards Credit Card
Several retailers in the home improvement space offer their own store card or co-branded credit cards. Using one of these cards could work well if you expect to buy most of your home products from that particular retailer. However, general rewards cards offer more flexibility and are likely to provide better long-term value after your project is complete.
Our editorial team does not receive direct compensation from our advertisers. Retail cards may be easier to qualify for than a 0% intro APR credit card, but the financing options on those cards often involve deferred interest. Know that credit cards also offer an extra layer of protection against damage, fraud or theft, which can be especially helpful when remodeling. Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases.
Or do you simply want as much interest-free time as possible to pay off the purchase? Once you know what you want to get out of a new home improvement card, you can determine which card will be the best fit for you. The Synchrony Home credit card wants to be your go-to card for, well, home purchases, but in truth, a general rewards card will likely serve you better. Home-related buying tends to be expensive, which is all the more reason to use a card that earns cash back or has a sign-up bonus that can effectively act as a discount on those home purchases.
When you know you’re due for a shopping trip (or two) with a merchant on the long list of choices, update your selections and earn extra rewards. Note that this 5 percent rate only applies to the first $2,000 in combined spending each quarter (then 1 percent back). Still, you can easily maximize this perk to rack up more rewards than usual on home improvement purchases. And if you do, you’ll earn up to $100 per quarter, or $400 per year, in these categories alone. Bankrate.com is an independent, advertising-supported publisher and comparison service.
We are an independent, advertising-supported comparison service. Ashley Barnett has been writing and editing personal finance articles for the internet since 2008. Before editing for USA TODAY Blueprint, she was the Content Director for an international media company leading the content on their suite of personal finance sites. She lives in Phoenix, AZ where you can find her rereading Harry Potter for the 100th time.
Check out the offers available through our home improvement partners. If you’re looking for a store card to use at Lowe’s, you could check out the Lowe's Store Card.... Don't trust their map of authorized retailers, also don't trust their customer service when you specifically contact them to verify an authorized retailer, truth is they don't cover much of anything. For Synchrony HOME Partners that accept the card online look for the option to pay with a Synchrony HOME Credit Card on the payment page. Enter your Synchrony HOME Credit Card account number when prompted. With your Synchrony HOME Credit Card, you can take advantage of special offers from our partners.
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