Whether you're looking to finance a major renovation, remodel a bathroom or upgrade your appliances, there are many ways to pay for the home improvement project you're planning. This interactive infographic will walk you through some of the options available, like a home improvement store credit card, a rewards credit card or a bank loan.
Roll over an area to see the estimated cost associated with a remodel
How to Finance Your Home Improvement Project
Investing money in home renovations is almost always a smart decision. Improvements will increase the value of your property and can turn your house into a Dream Home. But remodeling isn't cheap! Many consumers turn to credit cards to pay for these projects.
Average Size Kitchen
Living Room Remodel
Deck Or Patio
Click on a store for card details
Lowe's vs Home Depot
Home Depot and Lowe’s are the two largest home improvement stores in the U.S. If using a credit card is the best option for you, a Home Depot Project Loan or a Lowe’s Consumer Credit Card could give you the money you need upfront so you can pay it back over time.
Lowe's and Home Depot are responsible for 80% of the home improvement industry's yearly revenue.
So how do the two compare?
Which one is right for you?
Let's do some investigating to find out.
Lowe's Project Credit Card
- Special Financing available* - Get 5.99% APR for 84 months until paid in full with minimum purchase of $3,500 (must be requested)
- Standard repayment periods between 4-10 years
- No payments or interest charges for 6-month project window
- No pre-payment penalty
If Lowe's or Home Depot isn't the best credit card option for you, you could also use a traditional rewards credit card to help finance your home improvements. Click on a store to see the different types of rewards available
Redeem Rewards for Cash
If your rewards card allows you to redeem your points for cash or gift cards, cash them in and use them to purchase supplies for your project. You can also redeem cash back for a statement credit.
Plan Ahead to Take Advantage of Cash Back Categories
Many rewards credit cards, like Chase Freedom, offer different cash back categories throughout the year. They could offer cash back on purchases made for home improvement or at specific stores such as Bed Bath & Beyond.
Know What Discounts are Available to You
Many retailers offer discounts to certain credit cards issuers. You may be able to receive discounts on energy efficiency appliances and at certain home improvement stores such as Ace Hardware.
You can use American Express Rewards
points to find almost everything you
need for your home! Roll over different items to see
how many points they're worth
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Other Ways to
Finance Home Improvement
If using a credit card isn’t the best option for you, there are additional options available for financing your home improvement.Click Anywhere to Continue