Furniture tends to be relatively expensive. Even a basic couch can cost about $1,000 and high-end furniture can cost multiple thousands. When you’re making such a large purchase with a credit card, there are a few key factors to consider to ensure you choose the right card.
One thing to look for is whether a credit card offers an extended warranty. Many cards offer this perk, increasing the length of a manufacturer’s warranty by up to a year. This can give you extra protection for your new furniture purchase.
If you’re thinking about applying for a new credit card to use for furniture, you should look at cards with introductory APR offers and welcome bonuses.
Cards with an intro APR on purchases charge no interest for a set period, usually about 15 months, so long as you make your monthly payments. When you’re spending a few thousand dollars on furniture, the option to spread your payments over a year or so may be helpful. Just plan to pay the balance off before the intro period ends since the interest will eat into your rewards.
Welcome bonuses reward you for spending a certain amount in the first few months after opening a card. If you’re already planning a large purchase, such as a furniture purchase, that can help you hit the minimum spend requirement more easily. A card with a good welcome bonus can effectively save you money on your furniture purchase through the rewards you earn.