The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Yes, home improvement purchases such as materials or contractor services are generally applied as regular purchases on 0% intro APR credit cards. Using a 0% APR credit card allows you to finance renovations interest-free during the promotional period, which usually lasts 12-18 months. If the balance remains after the promotional period ends, the remaining balance will typically start to accrue interest at the standard, non-promotional APR.

The Wells Fargo Reflect® Card is a top option for financing home upgrades, as it features the longest intro APR of 21 months from account opening on purchases and qualifying balance transfers (then 17.49%, 23.99%, or 28.24% Variable APR). It features a $0 annual fee but does not offer rewards. To pay off your $5,500 balance in full during the promotional period, your monthly payment would be at least $262.

If you want to earn rewards, you might want to consider a flat-rate Wells Fargo Active Cash® Card that offers unlimited 2% cash rewards on purchases, as well as the 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers (18.49%, 24.49%, or 28.49% Variable APR thereafter). To pay the $5,500 balance within the promotional period, your monthly payment would be at least $459. At the same time, when making a $5,500 purchase on this card, you can earn $110 back. Plus, Wells Fargo Active Cash offers a sign-up bonus in addition to the 2% back, which could make the return on your purchase even higher.

Additionally, you should first confirm that your contractor accepts credit cards as a payment method.

tags : Credit Cards Fees Low Interest

Disclaimer: This editorial content is not provided or commissioned by the banks or credit card issuer(s). Opinions expressed here are the author's alone, not those of the banks or credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the banks or credit card issuer(s). Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult with the issuing bank of the card or account for terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are accurate as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.