Home improvement projects are more popular than ever in 2024, thanks to rising housing costs, remote work trends, and a growing focus on sustainability. Whether you're renovating your kitchen, upgrading to energy-efficient appliances, or adding a home office, the right credit card can help you maximize rewards, save money, and even finance your projects. Here’s a curated list of the best credit cards for home improvement this year, along with tips on how to leverage them for maximum benefit.
Before diving into the best cards, let’s explore why using a credit card for home upgrades makes sense in 2024:
Lumber, steel, and other construction materials have seen price fluctuations due to supply chain disruptions and inflation. A rewards card can help offset these costs.
Many cards offer 0% APR introductory periods, allowing you to spread out payments interest-free.
From statement credits to travel points, the right card can turn home improvement spending into valuable perks.
Credit cards often include purchase protection, extended warranties, and fraud coverage—key benefits for big-ticket renovations.
Best for: Flat-rate cash back on all purchases
- Rewards: 1.5% cash back on every purchase, plus 5% on travel booked through Chase.
- 0% APR: 15 months on purchases (then 20.49%–29.24% variable).
- Perks: No annual fee, and rewards never expire.
Why it’s great: Ideal for homeowners who want simplicity. Use it at hardware stores like Home Depot or Lowe’s and earn cash back effortlessly.
Best for: Bonus categories (including home improvement stores)
- Rewards: 3% cash back in a category of your choice (e.g., home improvement/furnishings), 2% at grocery stores/wholesale clubs, and 1% elsewhere.
- Sign-up bonus: $200 after spending $1,000 in the first 90 days.
- Flexibility: Change your 3% category monthly.
Why it’s great: Perfect if you frequently shop at stores like Lowe’s or Ace Hardware.
Best for: Customizable bonus categories
- Rewards: 5% cash back on two categories you choose (e.g., home improvement stores, furniture), 2% on one everyday category (like gas), and 1% elsewhere.
- 0% APR: 12 months on purchases (then 18.74%–29.74% variable).
Why it’s great: Unmatched for targeted spending—maximize rewards at hardware stores or contractors.
Best for: Long-term savings
- Rewards: 2% cash back (1% when you buy, 1% when you pay).
- No annual fee: Keeps costs low.
Why it’s great: A solid "set it and forget it" card for ongoing projects.
Best for: Frequent Home Depot shoppers
- Rewards: Special financing (e.g., 6–24 months no interest on purchases over $1,000).
- Discounts: Exclusive offers for cardholders.
Why it’s great: If you’re loyal to Home Depot, this card is a no-brainer.
If you’re financing a large project, time your purchases to avoid interest. For example, the Chase Freedom Unlimited® offers 15 months of 0% APR—enough for most renovations.
Pair your card with store discounts. Lowe’s often runs "5% off with your Lowe’s credit card" deals—combine that with a cash-back card for extra savings.
Some cards (like Chase’s) offer bonus rewards when shopping through their portals. Check for home improvement retailers before buying materials online.
If you’re a contractor or DIY pro, the Ink Business Cash® Credit Card offers 5% cash back at office supply stores (great for tools) and 2% at gas stations.
Sustainability is a major trend in 2024. Many cards now offer bonuses for green home improvements:
The best credit card for your home improvement project depends on your spending habits, timeline, and goals. Whether you prioritize cash back, financing, or sustainability perks, there’s a card in 2024 to help you renovate smarter.
(Note: Always check the latest terms, as credit card offers change frequently.)
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Author: Credit Queen
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