Home Improvement Deals from Credit Cards
April 18, 2006
The tulips are blooming, the weather is warmer, the days are longer… spring is the perfect time for a little home improvement.
Credit card issuers, looking to profit as the peak season for home improvements begins, are sweetening terms for existing cardholders who make such purchases and are coming up with new incentives for home projects.
Many are also looking to differentiate themselves from those everyday cards that offer cash-back on gas and grocery purchases.
Here are some ‘home improvement’ cards to look out for:
- JPMorgan Chase and Reader’s Digest Association offer a card that gives holders 3 points for each dollar spent on home improvement items (and 1 point for every dollar spent on anything else).
- Citibank is offering certain credit card customers 5% cash back on purchases made at home improvement and furnishing stores.
- Lowe’s and General Electric Co. offer a Lowe’s card aimed at helping people finance big-ticket home projects (the credit lines can be as high as $35,000, compared to about $10,000 on regular Lowe’s cards).
Source: LA Times
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