3 Best Credit Cards for Home Improvement in 2022

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There are several types of rewards credit cards, but the underlying idea is similar. When cardholders spend money with their rewards cards, they typically earn cash back or points that they can use to purchase items or book travel accommodations. No wonder 71% of Americans have credit cards that offer rewards, according to research from Wells Fargo.

With so many different rewards programs, it can be difficult to choose the best option for a specific purpose like home repairs.

What to Look for in a Home Improvement Credit Card

When potential applicants are looking for the best home improvement credit cards, there are a few things they should pay close attention to:

  • Interest rate. Interest rates are one of the biggest fees for credit card users. Potential applicants should compare their interests regardless of the type of card they are looking for.
  • Rewards programs. Different credit cards offer different types of rewards programs. Potential cardholders considering using a new card for a specific reward should compare available programs to ensure they are getting the most for their money.
  • Other expenses. Interest isn’t the only fee charged by credit card companies. Applicants should always review all charges before applying for a credit card.

Best credit cards for home renovations

Homeowners looking to make upgrades should consider the following credit card offers:


Best for: Global Rewards

The Bank of America Customized Cash Rewards Credit Card is the best credit card for home improvement in terms of the number of rewards cardholders can earn. Cardholders earn a $200 sign-up bonus when they spend $1,000 or more in the first 90 days.

The biggest benefit of this card is that cardholders can earn 3% back on any category they choose, one option being renovation and furnishing. This cash back bonus category extends to purchases cardholders make from contractors, such as carpenters and plumbers.

Important card details

2. Lowe’s Advantage Card

Best for: Lowe’s Customers

The Lowe’s Advantage Card, issued by Synchrony Bank, is a store credit card that cardholders can only use in-store or on Lowes.com, but for people who shop at Lowe’s when doing home renovations , this is a compelling option.

New cardholders get a 20% discount when they open and use their new accounts, though the bank limits savings to $100. Cardholders also get 5% off everything in-store and online every day.

Members can enjoy benefits like special six-month financing and 84 fixed monthly payments at a lower interest rate when they spend $2,000 or more.

Important card details

  • Annual fees: $0
  • Promotional interest: Special financing on qualifying purchases
  • APR: 26.99%


Best for: Small improvements and repairs

The Citi Custom Cash credit card is a great option for homeowners who want to make small upgrades or repairs. That’s because the card offers 5% cash back on up to $500 in purchases in the cardholder’s highest spend category – and home improvement stores are an eligible category – plus 1% cash back. on all other purchases.

Cardholders can also earn a $200 cash back bonus by spending $1,500 or more within the first six months of membership.

Important card details

Final take

The home improvement credit cards mentioned above offer cardholders the best rewards for their DIY efforts. Just be aware of any limitations of rewards offers and keep your promotional calendar in mind when deciding when to make big purchases.


Here are the answers to some of the most frequently asked questions about home improvement credit cards.

  • What is the easiest home improvement credit card to get?
    • Rewards credit cards generally require good to excellent credit scores. Store cards are generally easier to obtain than credit cards, so the Lowe’s Advantage card is probably the easiest on this list.
  • Can you pay for home renovations with a credit card?
    • Yes, but some contractors may charge fees for using credit cards, so make sure your credit card rewards are sufficient to offset the fees.
  • Does The Home Depot give a discount for opening a credit card?
    • New Home Depot cardholders can save up to $100 on qualifying purchases.
  • Which credit card is the best?
    • The Bank of America Customized Cash Rewards credit card is the best credit card for home improvement because cardholders earn 3% cash back on the category of their choice. This additional cash back is extended to purchases from contractors when the cardholder selects the Home Improvement category.

Rates are subject to change; unless otherwise specified, prices are updated periodically. All other account information is accurate as of October 11, 2022.

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