6 Credit Cards for New Homeowners

Like a new home, a credit card is a big commitment that can seriously pay off.

[DISCLOSURE: Cards from our partners are mentioned below.]

Buying a home is one of life’s biggest financial events and someone with a new mortgage may primarily be focused on how they’ll afford their new mortgage payment. But it takes more than a mortgage to make a home, with additional expenses such as furniture, remodeling projects and other needs adding to the overall cost.

You may be wondering how you’ll afford all these costs on top of a mortgage payment. Credit cards with low intro APR offers and cash back rewards can help.

Here are six credit cards worth considering if you’re a new homeowner (or will be soon).

1. Citi Simplicity

Rewards: None
Signup Bonus: None
Annual Fee: $0
Balance Transfer Fee: $5 or 3% of the transfer amount, whichever is greater
Annual Percentage Rate (APR): 0% for 21 months, then variable 14.49% to 24.49%
Why We Picked It: This card offers an extremely long intro 0% APR(Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)
For Your New Home: With 0% APR for 21 months on purchases and balance transfers, you’ll have nearly two years to make purchases or pay off a balance interest-free. That’s a long time to furnish your home or pay off a remodeling project.
Drawbacks: There are no rewards.

2. Blue Cash Preferred by American Express

Rewards: 6% cash back on up to $6,000 in yearly spending at supermarkets, 3% cash back at gas stations and select department stores and 1% cash back on everything else
Signup Bonus: $250 bonus cash when you spend $1,000 in the first three months
Annual Fee: $95
Balance Transfer Fee: $5 or 3% of the transfer amount, whichever is greater
Annual Percentage Rate (APR): 0% for 12 months, then variable 13.99% to 24.99%
Why We Picked It: New homeowners have many ways to earn great cash back rates on purchases.
For Your New Home: The card earns 6% cash back at supermarkets, 3% cash back at gas stations and select department stores and 1% cash back everywhere else. That means you can earn big cash back rewards as you stock your fridge, pick up accessories and appliances at department stores and fill up your gas tank for all those shopping trips. Plus, you get 12 months of interest-free purchases and balance transfers.
Drawbacks: There’s a $95 annual fee.

3. Wells Fargo Cash Wise Visa Card

Rewards: 1.5% cash back on all purchases
Signup Bonus: $200 bonus cash back when you spend $1,000 in the first three months
Annual Fee: $0
Balance Transfer Fee: $5 or 3% of the transfer amount, whichever is greater
Annual Percentage Rate (APR): 0% for 12 months, then variable 13.99% to 25.99%
Why We Picked It: Wells Fargo borrowers can put their cash back directly toward their mortgage.
For Your New Home: You’ll earn a solid 1.5% cash back on all purchases. Plus, if your mortgage lender is Wells Fargo, you can redeem your cash back as a credit to your mortgage principal. You’ll also get 12 months of interest-free purchases and balance transfers.
Drawbacks: Some competitors offer stronger cash back rates.

4. Chase Freedom Unlimited

Rewards: 1.5% cash back on all purchases
Signup Bonus: $150 bonus cash back when you spend $500 in the first three months, a $25 bonus when you add an authorized user and make a purchase within the first three months
Annual Fee: $0
Balance Transfer Fee: $5 or 5% of the transfer amount, whichever is greater
Annual Percentage Rate (APR): 0% for 15 months, then variable 15.74% to 24.49%
Why We Picked It: A solid cash back rate and a long intro 0% APR period make this card a contender.
For Your New Home: You’ll earn 1.5% cash back on every purchase you make. Plus, you’ll get 15 months of interest-free purchases and balance transfers.
Drawbacks: There are higher cash back rates out there.

5. Citi Double Cash

Rewards: Unlimited 1% cash back on purchases and an additional 1% upon payment
Signup Bonus: None
Annual Fee: $0
Balance Transfer Fee: $5 or 3% of the transfer amount, whichever is greater
Annual Percentage Rate (APR): 0% for 15 months, then variable 14.49% to 24.49%
Why We Picked It: You’ll earn a great cash back rate on all purchases with a strong incentive to pay them off quickly.
For Your New Home: With 1% cash back on all purchases and an additional 1% upon payment, you’ll be motivated to pay off your home expenses. Plus, you’ll have 15 months of interest-free purchases and balance transfers.
Drawbacks: You won’t earn your full cash back until you pay your bills.

6. Home Depot Consumer Credit Card

Rewards: None
Signup Bonus: None
Annual Fee: None
Balance Transfer Fee: N/A
Annual Percentage Rate (APR): 0% intro APR for qualifying purchase types, then variable 21.99% to 26.99%
Why We Picked It: This card can help fund your DIY remodel and repair projects.
For Your New Home: Home Depot purchases of $299 and up get six months with no interest. Home Depot also offers 0% financing promotions for up to 24 months on many different purchase types, including appliances, windows and roofing. Cardholders also get access to special discounts and a year of hassle-free returns.
Drawbacks: If you don’t shop at Home Depot, this card isn’t right for you.

Choosing a Card for Your New Home Expenses

There are two primary ways credit cards can help with home expenses: cash back and 0% intro APR offers. New homeowners should look closely at these policies when evaluating a credit card.

If your priority is cash back, you’ll want to choose a card that rewards the way you’ll be spending on your new home. For instance, if you’ll be entertaining a lot, you may want a credit card that offers special cash back rates on groceries. If you’ll be ordering a lot of gadgets and appliances online, you’ll want a card for online purchases. If you tend to spread your purchases around, you may want a card with a good, flat cash back rate on all purchase types.

Intro 0% APR periods are helpful because you can avoid interest for a predetermined amount of time. If you have a lot of upcoming purchases, you won’t have to worry about paying interest for a while. If your new home expenses have already contributed to a high credit card balance, you can get some relief by transferring that balance to a card with a 0% intro APR offer. When choosing a card, look for one that gives you enough time to pay off your balance transfer or make most of your initial home purchases interest-free.

What Credit is Required to Get a Card for New Home Expenses?

Cards with cash back and strong balance transfer offers usually require good to excellent credit. To increase your chances of approval, you should know your credit score before you apply. You can check two of your credit scores for free at Credit.com.

At publishing time, the Citi Simplicity, Blue Cash Preferred by American Express, Wells Fargo Cash Wise Visa, Chase Freedom Unlimited and Citi Double Cash credit cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that prices for products and services frequently change. As a result, rates, fees and terms cited in this article may have changed since the date of publication. Please be sure to verify current rates, fees and terms with the company directly.

Image: courtneyk

The post 6 Credit Cards for New Homeowners appeared first on Credit.com.

If You’re a Tech Nerd, You’ll Love These 4 Credit Cards

Whether you’re building a top-notch gaming PC or itching for the latest smartphone, there are credit cards that can help tech nerds.

[DISCLOSURE: Cards from our partners are mentioned below.]

It’s easy to love technology these days, as gadgets and tech are ubiquitous. There’s an app for nearly everything. According to Pew Research, more than three-quarters of Americans have smartphones. But true tech enthusiasts take it up a notch, following the industry to learn the latest developments and to hunt down the best hardware and software.

Whether you’re building a top-notch gaming PC or itching for the latest smartphone, there are credit cards that can help tech fanatics.

1. My Best Buy Visa Card

Rewards: 5% back on Best Buy purchases (6% for Elite Plus members), 3% back on gas, air travel and ground transportation through September 2017, 2% back on dining and grocery purchases, 1% back on everything else
Signup Bonus: None
Annual Fee: $0
Annual Percentage Rate (APR): Variable 26.24%
Why We Picked It: This card earns rewards for Best Buy purchases.
Tech Benefits: All purchases earn rewards, with strong extra incentives for Best Buy purchases and other spending types. Earned rewards can be used toward future Best Buy purchases.
Drawbacks: If you don’t spend a lot at Best Buy, this card isn’t a good fit. The APR is high.

2. Discover it Card

Rewards: 5% cash back on rotating purchase categories, 1% cash back on other purchases
Signup Bonus: Discover will match all cash back earned in the first year.
Annual Fee: $0
APR: 0% for 14 months on purchases and balance transfers, then variable 11.99% to 23.99%
Why We Picked It: The upcoming spending category can help you save big on gadgets, and you can link your card to mobile pay.
Tech Benefits: Discover offers 5% cash back on spending categories that rotate each quarter. From October to December this year, the spending category is Amazon.com purchases, which means you’ll save big on any gadgets ordered with the online retail giant. Plus, if you prefer to pay by mobile wallet, you can link your Discover card and earn cash back that way.
Drawbacks: Spending categories won’t always be tech-friendly, and purchases outside those categories only earn 1% cash back.

3. Wells Fargo Cash Wise Visa Card

Rewards: 1.5% cash back on all purchases
Signup Bonus: $200 bonus cash back when you spend $1,000 in the first three months
Annual Fee: $0
APR: 0% for 12 months, then variable 13.99% to 25.99%
Why We Picked It: There’s a strong incentive for mobile pay and you get great cell phone protection.
Tech Benefits: All purchases earn 1.5% cash back. For one year, you’ll get a special 1.8% cash back rate on mobile wallet purchases when you link your card to an Android Pay or Apple Pay account. Plus, the card comes with cell phone protection on up to four lines, for up to $600 per occurrence and $1,200 in total coverage each year.
Drawbacks: Cell phone protection is only available if you use your credit card to pay your cellular bill.

4. AT&T Access Card From Citi

Rewards: Two points per dollar spent online at retail and travel websites, two points per dollar spent on products and services purchased from AT&T, one point per dollar spent on everything else
Signup Bonus: 10,000 bonus points when you spend $1,000 in the first three months
Annual Fee: $0
APR: Variable 14.99% to 23.99%
Why We Picked It: If you’re constantly shopping online or updating your gadgets and smartphones with AT&T, you can easily rack up rewards points. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)
Tech Benefits: You’ll earn two points per dollar for online retail and travel purchases and AT&T purchases, and one point per dollar spent elsewhere. Points are redeemable for electronics, gift cards, travel and more. Plus, with Citi Price Rewind, Citi will automatically search for lower prices on registered purchases. If they find a lower price within 60 days of your purchase, you can receive a reimbursement on the difference.
Drawbacks: If you aren’t an AT&T customer, this card won’t offer as much value.

How to Choose a Card for Your Tech Spending

Many credit cards have features with obvious ties to tech, including strong purchase protections, extended warranties or cash back at specific retailers. You should consider your specific tech needs before choosing a card. If you’re hard on your gadgets, you may want a credit card with strong product protection policies. If you tend to buy electronics as soon as they come out, price protection can help you save cash if the item in question goes on sale.

You’ll also want to consider where you tend to make your tech purchases. If you’re loyal to one store, you may want to see if they have a branded credit card. If you’re agnostic, you’ll want a card that can reward you no matter where you get your gadgets.

However, if you need a card for more than just tech, you may want one that rewards your overall spending habits. For instance, a card with a strong flat cash back rate on all purchases can help you earn cash at the electronics store and at the supermarket.

What Is Required to Get a Credit Card for Tech Purchases?

Cards that provide spending rewards and strong purchase protection policies usually require good to excellent credit. You should be confident in your credit before you apply, because a hard credit inquiry initiated by a credit card application can lower your credit score. You can check two of your credit scores for free at Credit.com.

Image: Peopleimages

At publishing time, the Discover it and Wells Fargo Cash Wise Visa credit cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

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.

The post If You’re a Tech Nerd, You’ll Love These 4 Credit Cards appeared first on Credit.com.