What's the Best Credit Card for Buying Furniture? - Part 2

To entice new consumers, some credit card firms run low- or even no-interest deals. According to Woroch, getting a card with an introductory 0% annual percentage rate will provide you more time to pay off a significant furniture purchase without accruing extra costs.

Just make certain that you read the terms and can settle the sum in full prior to the introductory offer expiring, she advises. If not, depending on the terms and circumstances, you may be required to pay interest on the outstanding balance or even the whole amount you initially charged.

Individualized Cash Back. In order to maximize your cash back earnings while you get ready for your next home improvement project, Jason Gaughan, head of consumer card products at Bank of America, advises searching for a flexible rewards credit card.

Certain credit cards let you earn more cash back in a monthly or quarterly spending category of your choosing, such as home renovations and furnishings.

One-Time Cash Back. According to Woroch, the typical cash back percentage is roughly 1%. Instead, search for a card that provides a competitive flat cash back rate on all purchases, such as 2% or greater, if you intend to maintain your new card for continued spending. This makes sure that you get a large amount of cash back without having to choose any categories, whether you're buying furniture, food, gas, or anything else.

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