Almost any house remodeling project ends up being much more expensive than you think it will be. The cost of materials, labor and permits all add up to large sums of money by the time everything is said and done. It’s not cheap to upgrade your home.
Most people think of banks as the only place to get a house remodeling loan, but home improvement store credit cards are essentially loaning you money to upgrade your dwelling. Credit cards from hardware stores have some extra advantages.
No Percent for a Limited Time: Many of those hardware store credit cards give you a period of 6 to 12 months with no interest charges as long as you use the credit card in their store. Those savings could add up to big money if you are able to pay back part of the amount you borrowed on the credit card. Even more importantly, big stores like Lowe’s may have different credit cards available for your own personal situation.
Big Store Discounts: Home improvement store credit cards often give you sale prices on items you buy or services you contract through the store. You might save 3% - 15% on the total cost of the project, which could be a pretty good chunk of money by the time you’ve added it all up.
Convenience of Shopping For Everything At Once: These large home improvement stores now offer just about everything you could need to improve your home and most offer lots of contractor services to actually do the work for you. Instead of visiting a dozen stores to find a kitchen faucet you can go to one store and buy a faucet, a sink, a refrigerator, all the cabinets and even hire and schedule the installers all at one time. With one store credit card you can purchase the supplies you need as well as hire someone to do all the work for you!
These home improvement credit cards can end up being a win-win for both the customer and the store. The store sells more inventory and makes more profit while the customer is able to “borrow” more money to make home improvements without having to pay any interest for a limited time! A limited time of no interest payments, possible discounts and the ease of ordering everything in one store makes those large hardware store credit cards a pretty good idea in many cases!
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