Posts Tagged ‘lowe’s’
Home Improvement Store Credit Cards Are Still More Appealing Than Ever
If you’re looking at making home renovations or considering a large-scale home improvement project, you know how costly it can be. The costs for construction supplies, hiring a qualified work force and paying the various fees for permits can quickly add up.
Most people think of banks as the only place to get a house remodeling loan, but hardware store credit cards are essentially loaning you money to upgrade your dwelling. Credit cards from home improvement stores have some extra advantages.
No Interest for a Limited Time: Many of those hardware store credit cards give you a period of 6 to 12 months with zero 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 all of the amount you borrowed on the credit card. Even more importantly, big stores like Lowe’s Home Centers may have several different credit cards available for your unique personal situation.
In-Store Discounts: When you initially use hardware store credit cards you will often get a small discount as well. You might save 3% - 15% on the total cost of the project, which could be a pretty good chunk of change at the end of the day.
Convenience of Shopping For Everything At Once: These large home improvement stores now offer just about everything you could need to upgrade 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 sink you can go to one store and buy a faucet, a sink, a refrigerator, all the other appliances 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!
Banks loan you money in hopes that they’ll make profit with the interest and fees you pay back. Big home improvement stores don’t have to make money on interest because they’ll be making their profit on the products and services you buy. Because of that they can usually offer lower interest rates and even better pricing. When you use a home improvement store credit card you’re locked into using a specific store, but if that store has everything you need then it’s definitely worth considering!
