If you are renovating house, these credit cards can help
What's the story
In India, being cost-effective is the name of the game when it comes to home renovation.
Some credit cards not only provide the advantage of cashless transactions, but also come loaded with rewards and benefits. These can substantially reduce the financial strain associated with renovation projects.
Offering cashback and unique discounts on home improvement purchases, these five credit cards are excellent options for anyone considering home renovation.
Premium benefits
HDFC Regalia Gold: A premium choice
The HDFC Regalia Gold Credit Card provides premium benefits for high-budget renovations.
Spend ₹150 and get four reward points, or earn more at select retailers.
Enjoy complimentary memberships and lounge access, perfect for when you need to travel to source some exotic material or hire a service.
Plus, spend and get rewarded with gift and flight vouchers, making this card a great choice for big-budget renovations.
Cashback rewards
YES BANK PaisaBazaar PaisaSave: Cashback galore
For the unstoppable savers, the YES Bank Paisabazaar PaisaSave Credit Card is a game changer. You get a whopping three percent cashback on e-commerce spends and 1.5 percent on everything else.
This card shines for buying those home improvement supplies online or paying your contractors through UPI.
And those fuel surcharge and annual fee waivers are just the icing on the cake, or should I say cherries on top?
Lifestyle perks
ICICI Bank Emeralde: For the lifestyle enthusiast
The ICICI Bank Emeralde Private Metal Credit Card combines lifestyle rewards with practical benefits for home renovators.
Earn reward points on dining, entertainment, and online shopping, and redeem them toward your home improvement needs. Plus, enjoy complimentary concierge services for added convenience in sourcing renovation services or materials.
Stay protected with insurance coverage for added peace of mind against unforeseen events during your renovation journey.
High-value rewards
Axis Bank Magnus: High spender's haven
The Axis Bank Magnus Credit Card targets big spenders by offering 12 Edge Reward points per ₹200 spent in certain categories, including online shopping (redeemable for home improvement goods or services).
Its travel perks are perfect for jetting off to find rare materials or meet with far-flung gurus, while dining and entertainment rewards make celebrating with project backers a breeze.
Things to avoid
Citi PremierMiles: Flexibility in spending
The Citi PremierMiles Credit Card provides flexibility in earning and redeeming miles for cashback or rewards, helping to offset renovation expenses.
Its complimentary memberships further contribute to your savings.
Credit cards are a convenient way to finance renovations, enabling you to accumulate rewards and reduce costs.
Just remember to avoid high interest rates by making prompt repayments. This way, you won't incur additional charges and can keep your budget intact.