1 In 3 Uses Credit Cards For Home Improvement
How would you finance a home improvement project? If it's beyond what you can pay for in cash, you might consider using a credit card instead of a home equity loan or line of credit.
According to a new survey from Houzz, one-third of Americans paid for at least part of their home renovations with plastic. Only 5% used credit cards alone, with 6% using plastic to supplement loans, and the remaining 21% using a combination of cash and credit. The median credit card user spent $10,000 on renovations in 2017, with $1,500 to $4,800 of that spending applied to credit cards.
Homeowners using credit for improvement projects frequently look for promotional credit card offers. If you want more credit, check out our list of credit card offers. Survey respondents who planned to pay off their card balances over time chose prom...
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