If you love home improvement, tinkering, building, or creating, you probably spend at least a few dollars on your hobbies, passions, and projects. When you head to the store or shop online, having a good credit card can help you earn rewards, protect your purchase, and save on interest costs. Depending on what you look for in a card, one of these may be a perfect fit your do-it-yourself projects. Follow along to learn more about these top five credit cards for DIYers.
Citi Double Cash
If you prefer cash back rewards, Citi’s Double Cash credit card is a great choice. With this credit card, you earn 1% cash back on each purchase and another 1% when you pay your bill. That’s the equivalent of 2% cash back on every purchase. This card has no annual fee.
There is no limit to what you can earn. Cashback is redeemed as a check or statement credit. With a statement credit, you can redeem your rewards to lower your credit card bill. Depending on how much you spend on DIY projects, that 2% can add up fast.
As with all credit cards, you don’t pay any interest if you pay it off in full by the statement due date. If you currently carry any balances on other credit cards, you can transfer it into Double Cash with 0% APR for 18 months if you complete the balance transfer within 4 months of opening a new account. Balance transfers cost 3% ($5 minimum), but if you can pay off the balance by the end of the 18-months, it may end up saving you money.
Chase Sapphire Preferred
Chase Sapphire Preferred is one of the most popular travel rewards credit cards today. It offers 2x points per dollar on restaurant and travel purchases and 1 point per dollar everywhere else. It also comes with added Purchase Protection, a valuable insurance for DIYers.
Visa Signature cards offer $500 per claim for theft or damage to new purchases for the first 90 days with a lifetime limit of $50,000 per cardholder. If your DIY projects include electronics or fragile items, this projection could come in very handy! The card also extends the manufacturer’s warranties by an additional year on eligible purchases.
The card charges a $95 per year annual fee, but it’s easy to get more value back when you use it for regular purchases. The card currently comes with a 50,000-point bonus worth at least $625 toward free travel to get you started on the right foot. Spend $4,000 in the first 3 months to earn the signup bonus.
The Citi Premier card offers excellent purchase protections that any DIYer should consider. Those include purchase protection of up to $10,000 per item and an extended manufacturer’s warranty for up to 24 months where eligible. With this level of protection, you can probably skip the expensive product insurance at checkout. This card has your back.
It offers 3x points per dollar on travel and gas station purchases, 2x points per dollar on restaurants and qualifying entertainment purchases, and 1x point per dollar everywhere else. Citi ThankYou points are good for travel and other redemption options. The card has a $95 annual fee, which is waived the first year.
New cardholders can earn a 50,000-point bonus after spending $4,000 on purchases in the first 3 months after opening a new account. That’s worth $625 toward airfare when booked through Citi’s ThankYou Travel Center.
Chase Freedom Unlimited
Chase Freedom Unlimited combines rewards and benefits that make it excellent for a DIY household. Earn 1.5% cash back on each purchase with no limit to what you can earn. If you also have the Chase Sapphire Preferred card above (or any other Ultimate Rewards earning card), you can transfer cash back to points at a 1 cent = 1 point rate for travel rewards.
The card currently offers a 15-month introductory period with 0% APR on purchases and balance transfers. That means you can finance your big DIY project for over a year without paying any interest charges.
Start with a $150 bonus after spending $500 in the first 3 months after opening a new account. The card also comes with purchase protection and extended warranty protection. With no annual fee, there’s little not to like about this excellent rewards card.
Bank of America Cash Rewards
Bank of America Cash Rewards lets you choose your favorite category for 3% cash back rewards. Choose from gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. If you love DIY, you’ll probably want to go with the online shopping or home improvement category to get the best results.
The card gives you 2% cash back at grocery stores and wholesale clubs and 1% everywhere else. The 2% and 3% bonus categories are limited to the first $2,500 in combined quarterly purchases across those categories.
The card comes with 12-months at 0% APR for new cardholders and a $150 cash bonus after spending $500 on purchases in the first 90 days after opening a new account. It offers purchase protection and extended warranty benefits and comes with no annual fee
Eric Rosenberg is a finance, travel, and technology writer in Ventura, California. He is a former bank manager and corporate finance and accounting professional who left his day job in 2016 to take his online side hustle full-time. He has in-depth experience writing about banking, credit cards, investing, and other financial topics. You can connect with him at Personal Profitability or EricRosenberg.com.
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