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As the economy strengthens and the housing market heats up, many Americans are becoming new homeowners. Moving into a new house is a big deal, but it’s just the first step to making a home. You’ll still need to buy furniture, window coverings, or decor and possibly even pay for renovations. For many new homeowners, the right credit card can offer both rewards and interest-free promotional financing on these and other purchases.

Just don’t go applying for a new credit card before your closing date. Mortgage lenders have been known to recheck an applicant’s credit right up until the loan closes, to ensure that nothing has changed and that you can still handle the forthcoming payments. And you don’t want a new credit card account or big balance associated with one to put your loan in jeopardy. (You can keep an eye on your credit during the closing process by viewing your two free credit scores, updated every 14 days, on Credit.com.)

With that in mind, here are some credit cards to consider once your closing is complete.

1. Lowe’s Consumer Credit Card  

This card could help if you need to buy new appliances or make improvements to your new home. New cardholders get to choose between getting 5% off most purchases or a special financing offer that allows you to skip paying interest for six months with a $299 minimum purchase. Just be sure to pay those balances down before the offer expires: if you don’t, interest will be assessed on the promotional purchase from the purchase date. The standard APR for this card is 24.99% and it has no annual fee.

2. Discover it

There are three reasons why the Discover it card (see full review here) can be a good choice for new homeowners. First, depending on which offer you sign up for, you can get a 0% APR on balance transfers for 18 months with a 0% APR on new purchases for 6 months or a 0% APR for 14 months on both purchases and balance transfers, both with a 3% balance transfer fee. (After the introductory offer expires, your APR will be , based on your creditworthiness.) The card also offers cardholders 5% cash back their first $1,500 spent at home improvement stores during the third quarter of 2016 (July-September). Furthermore, Discover is currently offering new cardholders double rewards paid out at the end of their first year automatically. There is no annual fee for this card.

3. Home Depot Consumer Credit Card

If you’re looking to renovate, repair or improve your new home, you may want to look into this card, which similarly touts special financing offers, including 6 months of no interest on purchases of $299 or more. Again, be sure to pay these purchases off before the offer expires: interest will be charged to your account from the purchase date if the purchase balance, including premiums for optional credit insurance, is not paid in full within the 6-month timeframe. The standard APR is between 17.99% and 26.99%, depending on creditworthiness. Cardholders also can get up to 24 months of interest-free financing during special promotions and are given four times longer to return items than non-cardholders. There is no annual fee for the card. 

4. Wells Fargo Home Rebate Visa Card

If you have a mortgage with Wells Fargo, you may want to look into this card, which lets the bank’s mortgage borrowers earn rebates on everyday purchases that can be put towards paying down the principal on their home loan. You earn a 5% rebate on gas, groceries and drugstore purchases for 6 months and a 1% rebate on virtually all other purchases everyday. The card features a 0% introductory APR for 15 months on purchases and balance transfers. After that, the APR is between 12.40% and 26.24%, depending on creditworthiness. There is a 3% fee on balance transfers and no annual fee on this card.

At publishing time, the Discover it, Citi Simplicity and Chase Slate cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for them. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

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  • heavyw8t

    So many of these cards that don’t give any hint of what the starting balance might be are a real gamble. I got one from Home Depot about mid 2015 when I was in the middle of a project and the limit, with high 600s credit, was only $600. So not only did I have to absorb an inquiry but that low limit made my first purchase use 50% of the limit. I try to NEVER go beyond 20%. I paid it off quickly so interest was not an issue but had the limit been $1500 or so I would have been able to buy everything at once. I am now hesitant to get one from Lowes for summer projects because of the possibility of a low limit card. The first project is fencing and I am going to have to do it in 3 stages because of the low limit from Home Depot. My overall credit utilization is just 9.34% but I hated making a purchase that accounted for 52% of that low credit line.

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