Buying furniture can be daunting, especially if you intend to spend a substantial amount of money and dedicate a lot of time to it. The best credit cards to purchase furniture won’t make your home improvement endeavor more difficult since here; you’ll find the best cards for that purpose.
You can find the right credit card for you, no matter what your needs are, whether you want a credit card with a large spending limit or a longer 0% interest financing period. However, before we do that, let’s see what features should be included in a credit card.
You and your staff will remain focused, productive, and healthy when you furnish your home office or startup workspace with the right furniture. You may want to refresh the decor of your newly remodeled or newly purchased home.
Whether you plan to purchase a couch, armchair, dresser, or dining room table for any number of reasons, the question remains: What is the best way to do so? A credit card is never a good idea for furniture purchases—you’ll end up paying a lot of interest and more than you would have otherwise. There is a possibility that you are concerned about the monthly payments.
Best Credit Cards for Buying Furniture
- 1 Best Credit Cards for Buying Furniture
- 2 Factors to Consider When Choosing a Best Credit Cards for Buying Furniture
- 3 Pros and Cons of Using Best Credit Cards for Buying Furniture
- 4 Tips for Using Credit Cards for Buying Furniture
- 5 FAQ
When you have an idea of what you want in a credit card, you can evaluate them. The following are some of the best options on the market right now.
Chase Freedom Flex
The Chase Freedom Flex tops our list of the best credit cards for buying furniture. You can use this card to remodel your home if you’re in the market for a new bed or dining room set because it has a 0% introductory APR for the first 15 months after you open the account. Then, you can effectively use the furniture as a no-interest loan if you pay it off within that period!
In addition to the $200 bonus on the first $500 spent within three months of opening the account, what loan offers an additional 5% on $1,500 spent in combined purchases each quarter? Case Freedom Flex provides that, adding new 5% categories every quarter, including department stores and other furniture retailers. You can’t beat that.
Ink Business Cash Credit Card
The Ink Business Cash Credit Card is a great option for buying furniture for your home office or business. The Ink Business credit card offers a $750 bonus on the first $7.5K spent in the first three months, perfect for equipping an entire office. The Chase Ultimate Rewards program allows consumers to redeem 1.5% on business purchases through gift cards, trips, and cash, among other things.
Ink Business Cash Credit Card offers 5% cash back on the first $25K in expenses, which is typical for small businesses:
- Office Supplies
- Cable and phone services
Capital One Quicksilver Cash Rewards Credit Card
Cash Rewards credit cards are on the rise, and Capital One Quicksilver Cash Rewards Credit Card stands out among them. With the Quicksilver card, you can earn a $200 bonus on your first $500 in spending in the first three months, similar to Cash Freedom Flex. Cash back rewards on Quicksilver are set apart by the additional 1.5% earned on every purchase, every day, and no rotating categories or sign-ups are needed. There is no limit to the amount you can earn; these rewards never expire.
Once the introductory period ends, cardholders can enjoy 0% APR for 15 months on purchases. There’s more than enough time for you to finance your furniture purchase with an interest-free loan and then earn 1.5% on every purchase you make afterward.
Citi Custom Cash Card
A newer entrant to the credit card scene is our favorite for buying furniture: the Citi Custom Cash card. Despite what you initially think, this card offers a tremendous deal, so we’re here to persuade you.
Citi Custom Cash is undoubtedly the best credit card for buying small furniture. I will discuss that with you soon. First, let’s talk about the generous welcome bonus – Citi’s no-annual-fee credit cards usually don’t offer welcome bonuses, so this is a welcome change. Furthermore, you’ll get an introductory APR of 0% on balance transfers and purchases. The regular APR will apply after the introductory period, as shown in the table above.
Factors to Consider When Choosing a Best Credit Cards for Buying Furniture
The following factors should be considered before applying for a Best Credit Cards for Buying Furniture:
Rewards and Cashback Programs
Most credit cards offer rewards programs and cashback programs, including those for furniture purchases. Choose a credit card with a high cashback or reward percentage for furniture purchases and no annual fees.
Interest Rates and APR
There can be much variation in credit card interest rates and APRs. If you plan to carry a balance on the card, compare rates and choose one with a low APR.
Required Credit Score
You should check your credit score before applying for a credit card because some credit cards have strict credit score requirements. Your credit score may be affected if you don’t meet the requirements for some cards, so you should consider cards with more lenient requirements.
It is possible to earn rewards or cashback on some credit cards, but the annual fee can eat into the cashback or rewards you earn. Card rewards or cashback far outweigh any annual fees you pay if you use a card with an annual fee.
The limit of the credit card you are considering should be considered. Make sure the card’s credit limit covers the purchase of an expensive piece of furniture if you plan to make one.
Getting a sign-up bonus on some credit cards is possible if you are a new customer. Check out the sign-up bonuses different cards offer and compare their value to the rest of the card’s features.
Pros and Cons of Using Best Credit Cards for Buying Furniture
If you want to buy furniture with a credit card, consider the advantages and disadvantages of the loan.
Here are the Pros & Cons of Best Credit Cards for Buying Furniture –
Pros of Credit Cards for Buying Furniture
- Cashback and Rewards Programs: A credit card often offers rewards or cashback for furniture purchases, which can translate into significant savings.
- Create a Credit History: Regularly paying off your credit card can help you build your credit history, which is useful if you ever need to borrow money.
- Convenience and Security: When shopping online, you can use your credit card to make purchases conveniently and securely.
- Purchase Protection: Credit cards often offer purchase protection that protects you against damage or theft of your furniture.
Cons of Credit Cards for Buying Furniture
- Rates and APR that are High. Your credit card APR and interest rate can be high if you do not pay your balance in full each month. It is possible to accrue a significant amount of interest charges due to this over time.
- Potential Debt Accumulation: If you don’t control your spending, you may accumulate debt through credit cards.
- Impacts Credit Score if Not Managed Properly: If you miss payments or carry a high balance on your credit card, this will negatively affect your credit score.
Tips for Using Credit Cards for Buying Furniture
Here are some Tips for Using Credit Cards for Buying Furniture –
- Ensure You Pay Off the Full Balance Each Month: Pay your credit card balance in full monthly to avoid accruing debt and paying high interest rates. A credit card will allow you to receive the benefits without financial difficulties.
- Consider a Card with a 0% Introductory APR: Credit cards that offer 0% introductory APRs on purchases are ideal for carrying a balance for a short period. While the promotional period is in effect, you can make interest-free payments, saving you money on interest charges.
- Make Sure Your Credit Card Has a High Limit: Purchasing expensive furniture may require a credit card with a high credit limit. You can make larger purchases without maxing out your credit card when you have a higher credit limit.
- Use Credit Cards Only for Purchases You Can Afford: The right credit card can help you finance furniture, but you must also avoid buying things you cannot afford. Spend only what you can comfortably repay with your credit card within a reasonable timeframe and keep a budget.
- Make Use of Rewards and Cashback Programs: Consider using a credit card that offers rewards and cashback on furniture purchases. Your furniture can, therefore, be purchased at a lower price, and you can earn discounts or additional savings.
- Review Card Benefits and Terms: Choosing a credit card is important, so compare various options to find one that suits your needs. When evaluating a reward program, it is important to consider rewards, cashback rates, annual fees, and credit score requirements. Ensure you understand the terms and conditions of the card carefully before applying.
- Check Your Credit Card Usage: Maintain a record of your credit card spending by reviewing your statements regularly. Maintaining a good credit utilization ratio is more than just keeping track of your finances. It helps you identify any unauthorized charges and stay on top of your finances.
Can I Use a Credit Cards for Buying Furniture?
Credit cards can be used to finance furniture purchases. Several financing options are available for you, but credit cards usually have higher interest rates than personal loans or store financing. To choose the right financing option, compare interest rates and APRs before carrying a balance.
What are the Best Business Credit Cards to Buy Furniture?
There are several business credit cards that you might find useful if you regularly purchase furniture for your business, including the American Express Business Platinum card, the American Express Blue Business Plus card, the Ink Business Unlimited card, the Ink Business Cash card, and the Capital One Spark Miles card.
Will Using a Credit Card for Furniture Purchases Hurt My Credit Score?
Furniture purchases made with a credit card can affect your credit score, but how you use the card will determine the effect. Maintaining a low credit utilization ratio and making timely payments can improve your credit score. However, a high balance or missed payments can hurt your credit score.