Borrowing money for home repairs and other projects this spring can be very expensive. For example, if you take on debt via a 24-month personal loan, you can expect to pay an average interest rate of 12.49%, according to the Federal Reserve. Credit cards charge even higher rates at an average of 21.47% currently.
One way to borrow money at a typically lower rate than credit cards or personal loans is to tap into your home equity with a home equity loan or home equity line of credit (HELOC). However, there are pros and cons to borrowing against your home equity to finance spring repairs, and you might find that certain situations make this financing more feasible than others.
Learn more about the best home equity loan rates you could qualify for here.
When to use home equity for spring repairs, according to experts
Tapping into your home equity can provide several benefits, like saving money on interest charges in the long run and improving your home. Some specific situations to consider using home equity for spring repairs include:
Lowering your taxes
If you can find a way to borrow against your home equity in a way that lowers your total tax liability more than the cost of borrowing, that could be worth it. Through 2025, interest on home equity loans and HELOCs may be deductible if used for making substantial improvements to your home, provided that you meet other stipulations.
“Whether you’re boosting potential resale value or enhancing your home, using home equity for repairs is a great choice, capitalizing on lower interest rates in comparison to unsecured consumer loans, and potential tax deductions,” says Kelly Miskunas, head of capital markets at Better.
That said, tax considerations are not one-size-fits-all.
“Remember to seek personalized tax advice tailored to your financial circumstances,” says Miskunas.
Compare today’s best home equity borrowing options online now.
Improving energy efficiency
Home equity funds could also be beneficial when put toward making energy-efficient upgrades to your home. Doing so could help you lower monthly utility bills, says Karl Jacob, CEO at LoanSnap.
Also, energy efficiency upgrades like adding solar panels and batteries “have substantial tax rebates,” says Jacob. “It’s definitely worth checking the federal and state rules on this.”
Doing important maintenance
Your home equity can also be useful for affording maintenance issues that save you money or boost your home’s value overall.
“Ignoring items that need repair can turn a small repair into a major, costly project,” says Michael Micheletti, chief communications officer at Unlock Technologies.
Home equity financing can also help you afford the required maintenance.
“Taking care of needed repairs also is part of most homeowners’ association regulations; many will impose fees if repairs are not attended to in a timely manner,” says Michaeletti.
When to not use home equity for spring repairs, according to experts
While using home equity for spring repairs is often helpful, not every homeowner benefits from this borrowing. Consider alternatives when:
You don’t have a clear repayment plan
Tapping into your home equity might help you afford the upfront cost of home renovations, but if you don’t have a clear repayment plan, you’re risking a lot.
“When you get a home equity loan or HELOC, it’s important to remember that the loan you’re obtaining is secured by your home as collateral. That means if you do not make timely payments on your loan, the lender has the right to foreclose,” says Miskunas.
So, make sure you know what you’re getting into ahead of time.
“If you don’t have a plan to repay the loan, don’t take the loan,” says Jacob.
You have significant high-interest debt
If you have a lot of existing high-interest debt, you might be better off taking care of that first, before making repairs or upgrades to your home. Rather, you might use home equity financing for debt consolidation instead, which could lower your monthly payments.
“If you have a lot of high-interest debt, like credit cards, use the loan to pay those off before you consider home improvements. We generally advise that you first reduce your debt payments as much as possible since you can then use the extra cash to make the improvements and save money for the long run,” says Jacob.
You’re planning to move soon
If you’re not going to keep your home for a while, it might not be worth going through the cost and effort of taking out a home equity loan and living through home improvement projects. Instead, you might let the next buyer deal with repairs.
“For most repairs, the price can be negotiated into the sale of the home,” notes Micheletti.
The bottom line
Tapping into your home equity can be a great way for many homeowners to afford home improvements this spring, and there are several ways to go about this borrowing. While home equity loans and HELOCs are popular options, some homeowners find that a cash-out refinance works best, such as if you have the ability to lower your overall mortgage rate. Also, some seniors might prefer taking out a reverse mortgage instead so they don’t have to pay back the loan while living in the home.
That said, borrowing against your home equity isn’t without risk. You want to make sure you can afford repayments or understand that it can affect your proceeds if selling your home — or if you move out, in the case of reverse mortgages.
Have you ever wondered, “Should I move to Atlanta, GA?” From the historic streets of the Martin Luther King Jr. District to the modern vibes of the Midtown arts scene, Atlanta offers a diverse experience that’s hard to find anywhere else. Whether you’re indulging in the world-famous Georgia peach cobbler or getting lost in the vast greenery of the Atlanta BeltLine, this city has a way of enchanting its residents. In this article, we’ll dive into the pros and cons of living in Atlanta to help you figure out if this dynamic city is the right place for you. Let’s jump in.
Atlanta at a Glance
Walk Score: 48 | Bike Score: 42 | Transit Score: 44
Median Sale Price: $430,000 | Average Rent for 1-Bedroom Apartment: $1,850
Atlanta neighborhoods | Houses for rent in Atlanta | apartments for rent in Atlanta | Homes for sale in Atlanta
Pro: Thriving job market
Atlanta’s economy is booming, with a strong presence in sectors like logistics, film, and information technology. Companies like Coca-Cola, Home Depot, and Delta Air Lines offer ample employment opportunities. This diversity in industries makes Atlanta an attractive place for people looking to advance their careers. The city’s job market is a significant draw for those seeking stability and growth.
Con: Traffic congestion
One of the biggest challenges of living in Atlanta is dealing with traffic congestion. The city’s reliance on car transportation and its sprawling layout lead to heavy traffic during rush hours. Major highways like the I-285 and I-75/I-85 connector are often jam-packed, making commuting times longer than desired. This can be a daily frustration for some locals.
Pro: Rich cultural scene
Atlanta has an exciting cultural scene, with an array of museums, theaters, and music venues. The High Museum of Art and the Fox Theatre host a variety of exhibitions and performances year-round. The city’s history in the civil rights movement, explored at the National Center for Civil and Human Rights, adds depth to its cultural landscape. Atlanta’s diverse cultural offerings cater to a wide range of interests.
Con: Hot and humid summers
Summers in Atlanta can be extremely hot and humid, making outdoor activities uncomfortable during peak months. Temperatures often soar into the 90s, with high humidity levels adding to the discomfort. This climate can be a significant drawback for those who prefer milder weather or enjoy spending a lot of time outdoors during the summer.
Pro: Ample green spaces and parks
Despite its urban sprawl, Atlanta is home to numerous parks and green spaces. Piedmont Park, in the heart of Midtown, offers walking trails, sports facilities, and scenic views of the city skyline. The Atlanta BeltLine, a multi-use trail, connects neighborhoods with parks and markets. These green spaces provide residents with a much-needed escape from the urban environment.
Con: Pollen allergies
Spring in Atlanta brings a significant challenge for allergy sufferers: pollen. The city’s abundant greenery contributes to high pollen counts, affecting air quality and causing discomfort for many individuals. This can be a considerable drawback for people with severe allergies, impacting their daily life during peak seasons.
Pro: Great local sports scene
Atlanta is a sports enthusiast’s dream, home to professional teams like the Falcons (NFL), Braves (MLB), and Hawks (NBA). The city also hosts major sporting events, offering residents and visitors alike a chance to engage in the excitement. Additionally, recreational leagues and facilities for sports like soccer, tennis, and golf are abundant, providing ample opportunities for active lifestyles.
Con: Limited public transportation
While Atlanta has MARTA for public transportation, its reach is limited, making it challenging for those without cars to navigate the city efficiently. With a Transit Score of 44, the public transit system doesn’t cover all areas equally, forcing many residents to rely on cars. This limitation can be a significant inconvenience, especially for those seeking eco-friendly transportation options.
Pro: Thriving entertainment industry
Atlanta’s entertainment industry, particularly in film and television, has seen remarkable growth. The city has become a popular filming location, dubbed the “Hollywood of the South.” This boom has created jobs and brought a spotlight to the city, offering unique opportunities for locals to engage with film and television productions. Atlanta’s role in the entertainment industry adds to its dynamic and creative atmosphere.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Want to learn how to make $5,000 fast? Whether you’re in a rush to meet a financial goal this week or aiming for a steady income of $5,000 per month, there are several ways to make it happen. You’ll find different options, from short-term jobs that pay a lot at once to long-term ideas that…
Want to learn how to make $5,000 fast?
Whether you’re in a rush to meet a financial goal this week or aiming for a steady income of $5,000 per month, there are several ways to make it happen.
You’ll find different options, from short-term jobs that pay a lot at once to long-term ideas that bring in money regularly. And, sometimes, combining a few methods can help you reach $5,000 faster.
If you’re looking to make $5,000 fast, you’re not alone. Many people need a big amount of money quickly – for unexpected costs, important purchases, just to save up, or simply to make a stable amount of money regularly.
Best Ways To Make $5,000 Fast
Below is how you can make $5,000 fast.
1. Flip items for resale
If you want to learn how to make $5,000 without a job, then one way may be to flip items for resale.
Flipping items for resale means you buy things at a low price and sell them for more. This could be handmade goods, vintage items (like old games, cameras, clothing, etc.), furniture, sports equipment, appliances, and more.
Look for undervalued items at flea markets, garage sales, yard sales, and thrift stores, and then sell them for a profit. This job involves having an eye to spot valuable items that you think can be resold at a higher price.
You can resell items on eBay, Craigslist, Facebook Marketplace, and more.
I have flipped many, many items for resale over the years, and I think it’s a great way to work from home and make money on your own schedule.
Recommended reading: How Melissa Made $40,000 In One Year Flipping Items
2. Freelance online work
Making $5,000 a month from home is possible by becoming a freelancer.
Freelancers are people who run their own businesses and provide services to other businesses or clients on a contract basis. As a freelancer, you might be hired for onetime projects by businesses or you could secure long-term contract work with a company.
Online freelancing jobs include:
And more.
You can find freelance gigs through networking, reaching out to possible clients through email or phone, creating a freelance listing on Fiverr, searching for gigs on Upwork, and more.
I have personally been a freelancer for years (mainly freelance writing, and, in the past, I have also done freelance social media management), and it’s a great way to earn income while still being your own boss with a flexible schedule.
Recommended reading: 16 Best Freelance Jobs & How To Get Started
10
This free 76-minute workshop answers all of the most common questions about how to become a proofreader, and even talks about the 5 signs that proofreading could be a perfect fit for you.
3. Pet sit and dog walk
Rover is a website that connects pet owners with pet sitters and dog walkers. You can work this job on weekends all year round or choose to be available only during the summer months – it’s flexible and up to you.
Getting started on Rover is simple. You create a profile highlighting your experience with pets and the services you offer, such as dog walking, pet sitting, and house sitting.
After setting up your profile, customers will send you requests, and you can discuss pricing with them. Rover handles payment processing, and you’ll receive payments directly into your account.
I have two close family members who are professional dog walkers, and they both love this side hustle.
Recommended reading: 7 Best Dog Walking Apps To Make Extra Money
4. Short-term rental your home
If you have a spare room in your home that you’re not using, you may want to try renting it out either on a short-term basis through Airbnb or Vrbo or by finding a long-term roommate to make extra cash.
I’ve rented out rooms multiple times before to roommates, and it’s a great way to earn extra income from unused space.
Recommended reading: What You Need To Know About Renting A Room In Your House
5. Deliver food
If you’re looking to make $5,000, finding a food delivery driving gig is a good option.
With companies like DoorDash, Uber Eats, and Instacart, you can start earning money by bringing people their favorite food. It’s flexible too, so you decide when you work and for how long.
Delivery services like Instacart hire personal grocery shoppers, and the average shopper earns $15 to $20 per hour delivering groceries. Drivers are paid per order, and you keep 100% of your tips. You can also pick your own schedule, which means teachers can work in the evenings or weekends, or only during the summer if they prefer.
6. Sell high-value items
If you’re looking to make a quick $5,000, selling high-value items can be a smart move. Take a look around your home; you might have things you don’t need that others are willing to buy for a good price.
You could sell an old cell phone, laptop, camera, designer clothes, your car, and more.
There are many different buyers for high-value items – from people like you and me on Facebook, to pawn shops, eBay, and more.
7. Tutor
Tutors who specialize in subjects such as math, language, science, graphic design, and more help students improve in those areas.
And, some tutors can make money rather quickly, such as one who specializes in college courses or high-level exams.
Becoming an online tutor depends on the subject you want to teach. Experience in the field is usually required, but there are opportunities for beginners as well. Tutors who teach advanced subjects like calculus or college entrance exams generally earn more than those teaching simpler topics.
Tutoring rates can range from $15 to over $100 per hour, depending on the subject and where you sell your tutoring services.
8. Stock photo photography
Stock image websites are popular platforms where photographers can sell their pictures. Customers can buy royalty-free photos for personal or business use, and these images are commonly used in websites, TV shows, books, social media, and more.
One advantage of using stock photo sites is that they can generate passive income. You can take pictures, upload them, and potentially earn money from them for months or even years. You’ll earn a commission every time someone downloads your photos.
Some well-known stock photo websites include Shutterstock, iStock by Getty Images, Adobe Stock, and Dreamstime.
In the world of stock photography, quality is important, but quantity matters too. The more pictures you have in your stock photo portfolio, the more potential you have to earn money.
Recommended reading: 18 Ways You Can Get Paid To Take Pictures
9. Sell an online course
Creating and selling an online course can be a great way to make money quickly, especially if you have knowledge or skills in a high-demand area.
If you have expertise in a certain subject, you can create and sell an online course. Platforms like Teachable and Udemy allow you to develop, host, and sell your course to students. While you may not earn $1,000 immediately, having students enroll over time can generate a substantial income.
I have an online course that I personally sell, Making Sense of Affiliate Marketing. I have also taken many online courses, such as on helping my toddler get better sleep, speech therapy for parents, business courses, blogging courses, and so much more.
There are many different subjects you can teach in an online course, including:
Painting
Music lessons
Exercise
Parenting
Languages
Photography and photo editing
Plants and gardening
Baking and cooking
Arts and crafts
10. Rent out your unused storage space
Just like Airbnb transformed the way you can earn money from your spare room, peer-to-peer storage platforms are doing the same for your unused spaces.
If you have extra space at home, consider renting it out to local people for storage. This could be a garage, driveway, closet, basement, or attic.
While making $1,000 in a single day from this may be challenging, renting out your space can provide a steady, long-term income when combined with other income sources.
You can use a website like Neighbor to list your available space for rent, potentially earning up to $15,000 per year.
11. Sell your jewelry
If you need to learn how to make $5,000 dollars in a day, then one option is to sell any expensive jewelry that you may have.
If you’ve got jewelry you no longer wear, selling it can be a quick way to earn some cash. You might have pieces like engagement rings, necklaces, or bracelets tucked away.
Recommended reading: Where To Sell Jewelry: 12 Best Places For Extra Money
12. Flip real estate
Flipping real estate means buying homes that need fixing, making improvements, and selling them for a profit. This can be a way to make $5,000 (and well over that if you are smart and careful!).
To do this type of real estate investment successfully, you may start by focusing on making cost-effective improvements, especially in areas like the kitchen and bathrooms, and address any major structural or safety issues.
Recommended reading: 23 Best Real Estate Side Hustles To Make Extra Money
14. Sell printables
If you’re looking to make $5,000 online, selling printables is an option.
Printables are digital files that customers can download and print at home, such as grocery shopping checklists, monthly budget planners, wedding invitations, wall art, and more.
I buy printables all the time, and actively search them out at least a few times a month. And, I’m not alone – many people buy printables frequently as well!
I recommend signing up for the Free Workshop: How To Earn Money Selling Printables. This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
15. Help businesses with their Facebook ads
Managing Facebook ads for local businesses is an online job where you can earn at least $1,000 per month per client.
Local businesses want to expand their audience through Facebook ads, but many don’t have the expertise to do it effectively. That’s where you come in. By learning this skill, you can sell your services to small businesses and help them reach more customers online.
Plus, this can be a part-time job that you do in your spare time or even a full-time job.
16. Write an ebook
Creating your own ebook can be a way to earn money online, and you likely have knowledge to share (even if you don’t realize it!) or a good story to write about.
Platforms like Amazon KDP (Kindle Direct Publishing) allow you to reach a wide audience without a traditional publisher.
Examples of genres you can write in include romance, travel, self-help, sci-fi, and more.
17. Blog
If you want to learn how to make $5,000 from home, then one of my favorite ways is to start a blog.
Now, starting a blog doesn’t instantly make you $5,000 because it takes time to set it up. However, with time and effort, some bloggers can make $5,000 a month in the future.
A blog is a website filled with articles, similar to what you’re reading now. You can start a blog on various topics like personal finance, recipes, travel, pet care, family life, and more.
You can earn money from a blog by partnering with companies for sponsorships, displaying ads, engaging in affiliate marketing (like promoting products on Amazon), and selling items such as ebooks, candles, T-shirts, and other products directly through your blog.
Blogging is my primary source of income, and I make well over $5,000 a month online. It took about six months to earn my first $100 from my blog, so getting started requires some patience. It then took me about a year to reach a monthly income of around $5,000 from blogging.
You can learn how to start a blog with my free How To Start a Blog Course (sign up by clicking here).
10
Want to see how I built a $5,000,000 blog?
In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
18. Affiliate marketing
Affiliate marketing is a way to earn money by promoting products or services online, and it’s one of my favorite ways to make $5,000 (or more) fast online.
Affiliate marketing is when someone buys a product through a referral link you share, and you earn a commission.
To start, you will want to find products you genuinely like and believe others will benefit from. Then, sign up for their affiliate program, which will provide you with a unique affiliate link. This link tracks the clicks and purchases made from your recommendation.
Recommended reading: Affiliate Marketing Tips For Bloggers – Free eBook
19. Sell on Amazon
Starting your own Amazon FBA (Fulfillment by Amazon) business can be a great way to make $5,000 fast.
You can sell items from household goods to clothes, games, electronics, and more.
Selling on Amazon FBA works by you sending the items you want to sell to an Amazon fulfillment warehouse. Amazon stores these items for you until they sell on their platform.
When an item sells, Amazon handles the shipping and sends it directly to the customer. This means you don’t have to worry about packing and shipping the sold items yourself.
Recommended reading: How To Sell Items On Amazon FBA
20. Start a YouTube channel
Creating content for your own YouTube channel can be a fun way to work toward making $5,000 fast.
You can create a YouTube channel about topics such as finance, home improvement, travel, toys, pets, and more. There’s a YouTube channel for almost every interest these days.
Like blogging, this isn’t a guarantee that you’ll make money, and it will definitely take time to reach $5,000. But, it can be a lot of fun, and you get to be your own boss.
21. Buy a business that already makes income
Buying a business that’s already bringing in money is a way to possibly skip the tough start-up phase and have a business that is making over $5,000.
Now, existing businesses are typically expensive – someone has done a lot of hard work building a business over years and years, after all. They can cost anywhere from a few thousand to millions or even billions of dollars.
You can start by looking at online marketplaces like BizBuySell or Flippa. They list all kinds of businesses for sale, and you’ll see lots of options from online sites (like retail stores and blogs) to local shops (like bike shops, clothing stores, toy stores, and laundromats).
An example – I was recently in a small local bike shop, and they told me that it was for sale. They earned around $20,000 a month (I’m not sure if that was before or after expenses or anything else), and their shop was for sale for around $500,000. You got all the bikes, parts, customers, etc. with the sale. The building wasn’t owned by them, they had monthly rent and other bills to pay. I’m not going to say if this was a good or bad deal – it’s just an example of a real business that is for sale that I recently came across.
22. Consulting
Consulting is when you provide expert advice to individuals or businesses facing challenges. Consultants use their knowledge to understand problems, give advice, and help clients make better decisions from an outside perspective.
Consultants work in fields like management, finance, technology, or marketing. They focus on areas like strategy, process improvement, or restructuring to help clients achieve their goals effectively.
Here’s an example of how a consulting gig works: A company is struggling with managing its products and deliveries. They bring in a consultant who knows a lot about solving these issues. First, the consultant looks at how things are currently done. Then, they suggest better ways to store and ship items. The consultant helps put these ideas into action and teaches the company’s team how to use the new methods. Even after the changes, the consultant keeps an eye on things to make sure everything works well. This helps the company save money and makes sure that customers get what they need on time.
23. Detail cars
Starting a mobile car detailing business can be a way to earn money quickly. After all, you don’t need a lot to get started, and people are always wanting a good detailer to clean their car.
You’ll want to start by getting quality cleaning supplies like car shampoo, wax, and microfiber towels. You can then set fair prices based on what others charge nearby and promote your services on social media and with local businesses.
24. Rideshare driving gigs
Driving for a ride-sharing service like Uber or Lyft can be a way to reach your $5,000 goal quickly.
Here’s how you can work toward earning $5,000 with Uber or Lyft:
Drive during peak hours when demand is high, such as weekend nights, rush hours, or during busy events in your city.
Maximize your earnings by strategically positioning yourself in high-demand areas where there are plenty of potential riders, like near popular restaurants, bars, or events.
Take advantage of Uber’s driver bonuses, which may include incentives for completing a certain number of rides or driving during specific times. For example, you might earn an extra $10 for completing three rides in a row during rush hour.
While you won’t make $5,000 in one day, driving for a ride-sharing service can be a flexible way to earn money and work toward reaching your financial goal over time.
Frequently Asked Questions
Below are answers to common questions about how to make $5,000 fast.
What are some ways to earn an extra $5,000 quickly?
If you need to make an extra $5,000 quickly, then selling expensive items that you already own is usually the fastest thing that I recommend doing. This is because you may have expensive things in your home already – like jewelry or electronics – that you can sell and get paid for within just a few days.
Can I make $5,000 in a single day and how?
Making $5,000 in a single day is hard but not impossible. It may require a combination of having high-value items to sell or landing a big client for your freelance business. It’s about making the right move at the right time with the resources you have.
How can I double $5,000 dollars?
There are many ways to double $5,000 dollars, but it will depend on how much time you have to double your money, as well as how much risk you want to take on. Some ways will be much more risky than others, such as by investing in stocks or real estate. Due to this, it’s important to research and consider your risk tolerance before investing your money.
How can I make $5,000 in a month?
Ways to make $5,000 in a month can include freelance writing, blogging, proofreading, bookkeeping, and more.
How to make $5,000 fast without a job?
If you want to make $5,000 fast but not get a job, then the fastest thing to do is typically to sell items around your home that you already have, such as jewelry or electronics. You can also combine a bunch of different side hustles, such as freelancing, selling stuff, running a business, flipping real estate, and even small things like taking online surveys (like Survey Junkie for free gift cards).
How to make $5,000 a day online?
Some ways to make $5,000 a day online may include selling courses or other digital products. Now, this will not be an easy thing to do, and it will require a lot of hard work (as well as some luck).
How To Make $5,000 Fast – Summary
I hope you enjoyed this article on how to make $5,000 fast.
As you read above, there are many different ways to make $5,000. Some are faster than others (such as selling expensive items that you already own), and others may be more of a full-time career (such as freelance proofreading).
It’s ironic that the home furnishing retailer Crate & Barrel, known for its modern aesthetic, would be associated with a credit card that’s hardly cutting-edge. The few perks that come with the Crate & Barrel credit card may be found in dozens of other store cards, plus it lacks benefits that come standard in other cards, such as a sign-up bonus.
The products on our list of best credit cards for home improvement have great rewards rates, generous welcome offers, and lengthy 0% APR periods — and some of the cards offer all three. You’ll also get much better redemption flexibility.
Here are five things to know about the Crate & Barrel credit card, issued by Synchrony Bank.
1. There are two versions of the card
The Crate & Barrel credit card. This is a “closed-loop” card, meaning it can only be used to make purchases at Crate & Barrel and affiliated stores such as Crate & Kids and CB2.
The Crate & Barrel Mastercard. This card is “open-loop,” so it can be used at any retailer that accepts Mastercard.
Whether you get the open- or closed-loop version of the Crate & Barrel card will depend on your creditworthiness.
Both cards earn rewards when shopping with Crate & Barrel (see below), but the Crate & Barrel Mastercard also offers 2% back on grocery store purchases (warehouse clubs like Costco are excluded) and 1% back on other purchases.
2. There are two primary perks, but they can’t be combined
Crate & Barrel cardholders may choose to receive one of two benefits:
Earn 10% back (in “Reward Dollars”) for every $200 spent at Crate & Barrel. That’s an excellent earnings rate, but redemption is another matter. More on that later.
Special financing for purchases of $749 or more.
If an order qualifies for 10% back and special financing, you must choose one or the other. The card won’t allow you to receive rewards on a purchase that is also being financed.
3. Reward redemption is severely limited
Reward rates of 10% and above are uncommon, especially on cards with no annual fee. But that rate gets less impressive when you consider the various redemption restrictions you’ll face.
As with most store cards, the rewards you earn are usable only within the retailer’s brand umbrella. But there’s more to keep in mind here:
Your Crate & Barrel card earns Reward Dollars, which are automatically converted into Reward Certificates in $20 increments. On the plus side, there’s nothing for you to “do” to get those certificates — but on the minus side, you’ll have to wait until you’ve hit the $20 minimum threshold, and you won’t be able to save up your Reward Dollars to use them all at once on a large purchase.
You can’t bank Reward Certificates for very long either; they expire 90 days after they’re issued.
Reward Certificates can’t be combined with any other store discount. Moreover, if you don’t use the full amount of your Reward Certificate, the remaining amount is forfeited.
Many general cash-back credits will let you redeem rewards however (and whenever) you like, without worrying about minimum redemption thresholds, expiration dates or the possibility of forfeiting any value.
4. There are three special financing options
The special financing options offered by the Crate & Barrel credit card come in three different term lengths:
6 months of special financing on purchases of $749 or more. This special financing offer never expires.
12 months of special financing on purchases of $1,499–$2,998.99 made before Dec. 31, 2024.
24 months of special financing on purchases of $2,999 or more made before Dec. 31, 2024.
In theory, special financing (also known as deferred interest) seems like a great deal. And it could be — as long as you pay off the entire balance before the term ends. Do that and you’ll owe no interest.
If, however, there’s any balance at all left by the end of the financing period, you’ll owe interest on the entire purchase amount, retroactive to the purchase date.
Credit cards with true 0% intro APRs are much more forgiving because they won’t charge back interest if any part of the balance remains when the APR period expires. For example, the Bank of America® Customized Cash Rewards credit card offers a 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% – 28.24% will apply. The card also can earn 3% back on home improvement and furnishings on up to $2,500 of combined quarterly spending between that category and grocery stores and wholesale clubs. (Cardholders must select home improvement and furnishings as their 3% bonus category, although there are other category options.)
5. The interest rate is high
As of February 2024, the interest rate, or purchase APR, for both Crate & Barrel cards was 32.24%. While high interest rates are typical of store cards, that’s not necessarily the norm for all credit cards. According to the Federal Reserve, the average interest rate for interest-accruing credit cards in February 2024 was 22.63%.
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.
Home equity loan
Home equity line of credit (HELOC)
Interest rate
Fixed
Variable
Monthly payment amount
Fixed
Variable
Closing costs and fees
Yes
Yes, might be lower than other loan types
Repayment period
Typically 5-30 years
Typically 10-20 years
FAQ
What is a rate lock?
Interest rates on mortgages fluctuate all the time, but a rate lock allows you to lock in your current rate for a set amount of time. This ensures you get the rate you want as you complete the homebuying process.
What are mortgage points?
Mortgage points are a type of prepaid interest that you can pay upfront — often as part of your closing costs — for a lower overall interest rate. This can lower your APR and monthly payments.
What are closing costs?
Closing costs are the fees you, as the buyer, need to pay before getting a loan. Common fees include attorney fees, home appraisal fees, origination fees, and application fees.
If you’re trying to find the right mortgage rate, consider using Credible. You can use Credible’s free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes.
Set against the vast desert landscape of Arizona, the city of Mesa embodies the essence of Southwestern living. As the third-largest city in the state, Mesa boasts a unique blend of rich cultural heritage, outdoor adventure, and modern amenities. From its historic downtown district to the breathtaking vistas of the nearby Superstition Mountains, Mesa offers residents a lifestyle that seamlessly intertwines tradition with innovation. With over 300 days of sunshine each year it’s no wonder people find themselves asking, “Should I move to Mesa?” In this article, we’ll discuss the pros and cons of living in this city to help you decide if it’s the right place for you. Let’s get started.
Mesa at a Glance
Walk Score: 38 | Bike Score: 60 | Transit Score: 27
Median Sale Price: $458,500 | Average Rent for 1-Bedroom Apartment: $1,300
Mesa neighborhoods | Houses for rent in Mesa | apartments for rent in Mesa | Homes for sale in Mesa
Pro: Plenty of outdoor activities
Mesa is a paradise for those who love the outdoors. With its proximity to the Tonto National Forest and the Superstition Mountains, locals have easy access to hiking, mountain biking, and camping. The city’s parks, such as Red Mountain Park, offer ample green spaces for picnics, sports, and leisure activities. The Salt River provides opportunities for tubing and kayaking, making Mesa a great place for adventure seekers and nature lovers.
Con: Summer heat
One of the biggest challenges of living in Mesa is the intense summer heat, with temperatures often soaring above 100 degrees Fahrenheit. This extreme weather can limit outdoor activities during the hottest months, from June to September. Residents must rely heavily on air conditioning, leading to higher electricity bills. The heat also can also pose health risk for some individuals.
Pro: Exciting cultural attractions
Mesa boasts a vibrant cultural scene unique to the city. The Mesa Arts Center is a hub for arts and entertainment, offering theater productions, concerts, and art exhibitions. The Arizona Museum of Natural History and the i.d.e.a. Museum is a popular place to visit for those interested in science and creativity. These cultural institutions enrich the community, providing educational and leisure activities for all ages.
Con: Public transportation limitations
While Mesa offers some public transportation options, including buses and a light rail that connects to Phoenix, the system’s coverage is limited. With a Transit Score of 27, it can be challenging for those without a car to navigate the city efficiently. The reliance on personal vehicles contributes to traffic congestion and can be a barrier for residents seeking eco-friendly transportation options or those who prefer not to drive.
Pro: Economic growth
Mesa has been experiencing significant economic growth, attracting businesses and job seekers alike. The city’s strategic location in the Phoenix metropolitan area, coupled with a supportive business environment, has led to the development of key industries, including aerospace, healthcare, and technology. This growth provides locals with diverse employment opportunities and contributes to the local economy.
Con: Air quality concerns
Due to its location in the Valley of the Sun and the presence of industrial activities, Mesa sometimes faces air quality issues. Dust storms, known locally as “haboobs,” along with high ozone levels, can affect those with respiratory conditions. The city’s air quality can be a concern, particularly during the summer months when pollutants tend to accumulate.
Pro: Proximity to other cities
Mesa’s location in the Phoenix metropolitan area offers the advantage of being close to other cities, including Phoenix, Scottsdale, and Tempe. This proximity allows people to easily access the amenities, job opportunities, and entertainment options available in these neighboring cities. Whether for work or leisure, Mesa’s central location provides the best of both worlds—suburban comfort with urban convenience.
Con: Summer water usage restrictions
Due to the desert climate and the need for water conservation, Mesa sometimes implements water usage restrictions, especially during the hot summer months. These restrictions can affect activities such as watering lawns or filling swimming pools. While necessary for sustainability, these measures can be inconvenient for residents and require adjustments to daily routines.
Pro: Good biking infrastructure
With a Bike Score of 60, Mesa has a network of bike-friendly routes, trails, and amenities that make cycling a convenient mode of transportation and recreation for residents. For example, the Mesa Canal Path follows the historic Arizona Canal and provides cyclists with scenic views of the city. Additionally, Mesa features dedicated bike lanes and shared pathways along major roads and streets, enhancing safety and accessibility for cyclists.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Long Beach, California is a coastal gem known for its waterfront attractions, diverse communities, and a rich blend of urban and beach lifestyles. This city stands out with its unique blend of a laid-back beach vibe and a bustling urban environment. Whether you’re kayaking through the canals of Naples or enjoying a concert in the park, Long Beach provides an unparalleled quality of life that’s hard to find elsewhere. In this article, we’ll dive into the pros and cons of living in Long Beach to help you answer the question, “Should I move to Long Beach?” Let’s dive in.
Long Beach at a Glance
Walk Score: 73 | Bike Score: 70 | Transit Score: 49
Median Sale Price: $842,500 | Average Rent for 1-Bedroom Apartment: $2,192
Long Beach neighborhoods | Houses for rent in Long Beach | apartments for rent in Long Beach | Homes for sale in Long Beach
Pro: Beachfront living
Long Beach offers the quintessential Southern California beachfront living experience. With miles of sandy beaches and a scenic waterfront, residents enjoy a variety of outdoor activities including volleyball, sailing, and paddleboarding. The city’s beach paths are perfect for biking or a leisurely stroll, offering stunning views of the Pacific Ocean. This access to beachfront amenities not only promotes a healthy lifestyle but also provides a daily escape from the urban hustle and bustle.
Con: Traffic congestion
Like many Southern California cities, Long Beach struggles with traffic congestion. Major thoroughfares such as the 405 and 710 freeways often experience heavy traffic, especially during rush hours. This can make commuting a challenge for residents and can detract from the city’s otherwise laid-back vibe. The congestion also contributes to longer travel times, making it difficult to navigate the city quickly and efficiently.
Pro: Excellent arts scene
Long Beach boasts a thriving arts scene that is both diverse and accessible. From the renowned Long Beach Museum of Art to the smaller galleries scattered throughout the East Village Arts District, there’s always something new and exciting to explore. The city also hosts numerous arts events throughout the year, including the Long Beach Art Walk, which showcases local artists and performers. This lively arts culture not only enriches the community but also attracts visitors from all over, adding to the city’s dynamic atmosphere.
Con: High cost of living
The cost of living in Long Beach is notably high, even by California standards. In fact, the cost of living in Long Beach is 50% higher than the national average. Housing prices have been on the rise, making it challenging for many to afford a home in their desired neighborhood. Rent prices are also above the national average, putting financial strain on residents. While the city offers a high quality of life, the elevated cost of living can be a significant hurdle for some individuals.
Pro: Diverse culinary scene
Long Beach’s culinary scene is as diverse as its population, offering a wide range of dining options that cater to all tastes and budgets. From authentic Mexican and Southeast Asian cuisines to innovative farm-to-table restaurants, the city is a foodie’s paradise. The presence of food festivals, such as the Long Beach Seafood Festival, highlights the city’s love for good food and community gatherings.
Con: Poor air quality
Due to its location and industrial activities, Long Beach faces challenges with air quality. The proximity to the Port of Long Beach, one of the busiest seaports in the world, contributes to higher levels of air pollution. This could affect residents’ health, particularly those with respiratory conditions. Efforts are being made to improve the situation, but air quality remains a concern for those living in and around the city.
Pro: Waterfront attractions
Long Beach’s waterfront is one of its most attractive features, offering a plethora of activities and sights. The Queen Mary, a historic ocean liner turned hotel and museum, anchors a vibrant waterfront scene that includes the Aquarium of the Pacific and Shoreline Village. These attractions not only provide unique experiences, but also contribute to the city’s economy. The waterfront is a focal point for leisure and entertainment, making it a cherished part of Long Beach.
Con: Limited parking
Finding parking in Long Beach can be a frustrating experience, especially in downtown and popular beachfront areas. Limited parking spaces and high parking fees can deter residents and visitors from exploring certain parts of the city. This issue is particularly acute during events or peak tourist seasons, when demand for parking far exceeds supply.
Pro: Exciting community events and festivals
Long Beach’s calendar is packed with community events and festivals that cater to a wide range of interests. From the Long Beach Grand Prix, an exciting street race that draws crowds from all over, to the Belmont Shore Christmas Parade, there’s always something happening. These events not only provide entertainment but also foster a strong sense of community among locals. They are a testament to the city’s dynamic culture and its residents’ active engagement in community life.
Con: Seasonal crowds
Long Beach’s popularity as a tourist destination means that it can get crowded, especially during the summer and holiday seasons. Beaches, attractions, and restaurants can become overrun with visitors, which can detract from the enjoyment of the city for its residents. While tourism is an important economic driver, managing the influx of visitors to ensure a quality experience for both tourists and residents alike is an ongoing challenge for the city.
Pro: Beautiful green spaces and parks
Despite its urban environment, Long Beach is home to numerous parks and green spaces that provide locals with a much-needed respite from city life. El Dorado Park, with its vast open spaces, lakes, and sporting facilities, is a favorite among outdoor enthusiasts. The city’s commitment to maintaining and expanding its green spaces is evident in its parks, community gardens, and initiatives like the Long Beach Greenbelt.
Con: Noise pollution
With its bustling port, airport, and urban density, Long Beach can be a noisy place to live. Residents in certain areas, especially those near the airport or industrial zones, may experience higher levels of noise pollution. This can a drawback for those seeking a quieter, more serene environment. While the city has noise ordinances in place, mitigating noise pollution remains a challenge.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Have you been wondering, “Should I move to Kansas City, MO?” If so, you’re not alone. This city is a hidden gem in the heart of America, offering a unique blend of Midwestern charm and urban amenities. Known for its jazz heritage, mouthwatering barbecue, and the iconic Kansas City Royals, this city stands out for its rich culture and friendly atmosphere. In this article, we’ll dive into the pros and cons of living in Kansas City to help you figure out if this city’s rhythm matches your own. Let’s get started.
Kansas City at a Glance
Walk Score: 35 | Bike Score: 35 | Transit Score: 25
Median Sale Price: $250,000 | Average Rent for 1-Bedroom Apartment: $1,210
Kansas City neighborhoods | Houses for rent in Kansas City | apartments for rent in Kansas City | Homes for sale in Kansas City
Pro: Rich musical heritage
Kansas City boasts a vibrant musical history, particularly known for its jazz legacy. The city’s 18th and Vine Historic Jazz District is a cultural gem. The area offers live music venues where visitors can immerse themselves in the sounds that once dominated the area. The local American Jazz Museum serves as a testament to the city’s significant contribution to the genre. This unique musical culture provides residents and visitors with a deep sense of connection to the artistic soul of Kansas City.
Con: Weather extremes
Living in Kansas City means experiencing a wide range of weather conditions, from sweltering summers to bitterly cold winters. The city’s location in the Midwest subjects it to unpredictable weather patterns. These include severe thunderstorms and occasional tornadoes in the spring and summer months. Winter brings its own challenges, with heavy snowfall and ice storms often leading to difficult travel conditions. These weather extremes can be a significant drawback for those not used to this type of weather.
Pro: Thriving culinary scene
Kansas City is renowned for its barbecue, with more than 100 barbecue establishments offering their take on smoked meats. However, the city’s culinary scene extends far beyond barbecue, featuring a diverse array of dining options that cater to all tastes. From farm-to-table restaurants to ethnic eateries reflecting the city’s multicultural population, food lovers will find Kansas City a delightful place to explore new flavors.
Con: Public transportation limitations
With a Transit Score of 25, many locals find public transportation options in Kansas City limited. While the city made strides in improving its public transportation system, including the introduction of the KC Streetcar, it still faces challenges in providing comprehensive coverage. Many areas of the city and its suburbs are not well-served by public transit, making car ownership almost a necessity for residents. This limitation can be a significant inconvenience for those looking for more sustainable transportation options.
Pro: Affordable cost of living
The cost of living in Kansas City is 6% lower than the national average. Housing prices are relatively low, allowing locals to enjoy a higher quality of life without the financial strain experienced in more expensive cities. This affordability extends to everyday expenses, such as groceries and utilities, making Kansas City an attractive option for individuals looking to stretch their budgets further.
Con: Limited job market in certain sectors
While Kansas City has a robust job market in industries such as healthcare, finance, and technology, opportunities in certain sectors can be limited. Those seeking careers in more specialized fields may find fewer options available. This means some people may need to commute to neighboring cities or broaden their job search. This limitation can be a significant consideration for people evaluating Kansas City as a potential place to live and work.
Pro: Dynamic arts and culture scene
Kansas City’s arts and culture scene is a significant draw, featuring a wide range of museums, galleries, and theaters. The Nelson-Atkins Museum of Art and the Kemper Museum of Contemporary Art offer world-class art collections, while the Kauffman Center for the Performing Arts hosts a variety of performances, from opera to ballet. This vibrant cultural landscape provides locals with ample opportunities to engage with the arts, enriching the community’s overall quality of life.
Con: Allergy and air quality concerns
For individuals sensitive to allergens, Kansas City’s seasons can be challenging. The city experiences high pollen counts, particularly in the spring and fall, which can aggravate allergies. Additionally, air quality can be a concern during periods of high humidity and heat in the summer months, potentially affecting those with respiratory conditions.
Pro: Sports fan’s paradise
Kansas City is a haven for sports fans, home to the Kansas City Chiefs (NFL) and the Kansas City Royals (MLB). The city rallies around its teams, creating a strong sense of community and pride. Arrowhead Stadium and Kauffman Stadium offer electrifying environments for game days, providing unforgettable experiences for fans. This passionate sports culture is a unique aspect of living in Kansas City, fostering camaraderie among residents.
Con: Sprawling city layout
The sprawling layout of Kansas City can be a con for those who prefer more compact, walkable urban environments. The city’s extensive footprint means that many destinations are spread out, requiring reliance on personal vehicles for transportation. This sprawl can lead to longer commute times and can detract from the sense of community found in more densely populated areas.
Pro: Expansive green spaces
Kansas City has an impressive array of parks and green spaces, offering people a welcome escape from urban life. Swope Park, larger than New York City’s Central Park, provides a vast area for outdoor activities, including hiking, golfing, and the Kansas City Zoo. These green spaces are essential for recreation and relaxation, contributing to the city’s overall livability and quality of life.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Have you been wondering, “Should I move to Baltimore, MD?” Located along the Chesapeake Bay, Baltimore offers a blend of historic charm and urban experiences. Yet, like any city, it comes with its share of complexities. In this article, we’ll dive into the pros and cons to consider before making the move to Baltimore, helping you weigh its unique offerings against potential challenges to make an informed decision about your future home. Let’s get started.
Baltimore at a Glance
Walk Score: 64 | Bike Score: 53 | Transit Score: 53
Median Sale Price: $200,000 | Average Rent for 1-Bedroom Apartment: $1,400
Baltimore neighborhoods | Houses for rent in Baltimore | Apartments for rent in Baltimore | Homes for sale in Baltimore
Pro: Great historical significance
From the cobblestone streets of Fells Point to the historic ships in the Inner Harbor, Baltimore offers a unique glimpse into America’s past. For example, the city is home to the Fort McHenry National Monument. This monument is renowned for its role in the War of 1812 and was the inspiration for the writing of “The Star-Spangled Banner.” Additionally, the Baltimore and Ohio Railroad Museum preserves the legacy of America’s first common-carrier railroad. The museum showcases historic locomotives, rolling stock, and artifacts that tell the story of railroading in America. Whether exploring historic neighborhoods or visiting museums and monuments, you’re sure to find a historical treasure in this city.
Con: Concerns over infrastructure
Baltimore faces challenges with aging infrastructure, from roads and bridges to public buildings and utilities. This can lead to frequent disruptions in services and necessitates ongoing maintenance and upgrades. The impact on daily life, including potential delays and increased commuting times, is a significant concern for some residents.
Pro: Dynamic arts and culture scene
The city is a haven for art lovers and culture enthusiasts. The Baltimore Museum of Art and the American Visionary Art Museum showcase vast collections that celebrate both classical and contemporary art. Annual events like Artscape, the country’s largest free arts festival, highlight the city’s commitment to the arts. This vibrant cultural scene fosters a strong sense of community and provides endless entertainment and inspiration.
Con: High property taxes
One of the financial challenges of living in Baltimore is the high property tax rate, which is among the highest in Maryland. This can significantly increase the cost of homeownership, affecting affordability for residents. The high taxes can also deter potential homebuyers and investors which could impact the city’s housing market and overall economic growth.
Pro: Exceptional educational institutions
Baltimore is home to world-renowned institutions such as Johns Hopkins University and the University of Maryland, Baltimore. These institutions not only contribute to the city’s prestige but also attract a diverse population of people from around the globe. The presence of these educational giants fosters a vibrant intellectual community and drives innovation in various fields, including health and science.
Con: Limited green spaces
Compared to other cities, Baltimore struggles with providing ample green spaces for its residents. While there are notable exceptions like Patterson Park and Druid Hill Park, the city’s urban planning has not prioritized green areas. This scarcity affects people’s ability to easily access outdoor recreational activities and contributes to the urban heat island effect, making the city warmer during the hot summer months.
Pro: Foodie’s paradise
Baltimore’s culinary scene is a delightful exploration of flavors, with an emphasis on seafood that reflects its Chesapeake Bay location. The city’s signature dish, Maryland blue crabs seasoned with Old Bay, is a must-try. Neighborhoods like Little Italy and the emerging culinary hotspot in Hampden offer diverse dining experiences.
Con: Occasional flooding issues
Parts of Baltimore, especially those close to the water, are prone to flooding. Heavy rains can overwhelm the city’s drainage system, leading to waterlogged streets and basements. This issue not only causes immediate inconvenience but also raises concerns about long-term property damage and the costs associated with flood mitigation and insurance. It’s a significant consideration for anyone looking to live or invest in certain areas of the city.
Baltimore is known for its strong sense of community and active engagement in social and environmental issues. Neighborhood associations, community groups, and activists work tirelessly to address challenges and improve the city for all its residents. One example of this is the annual “Mayor’s Spring Cleanup,” where locals come together to clean up litter and spruce up their neighborhoods. The strong community spirit in Baltimore not only enhances the quality of life for everyone, but also contributes to the city’s resilience and sense of collective identity.
Con: Varied housing market
While Baltimore offers a diverse range of housing options, from historic row houses to modern apartments, navigating the market can be daunting. The disparity in housing quality and prices across different neighborhoods can make finding the right home challenging. This variance requires thorough research and consideration, especially for those unfamiliar with the city’s geography and real estate landscape.
Pro: Thriving nightlife and entertainment
The city’s nightlife and entertainment scene is vibrant and diverse, catering to a wide range of tastes. From live music venues in the arts district to bustling bars and clubs in the Inner Harbor, there’s always something happening after dark. This thriving nightlife enhances the city’s cultural appeal and contributes to the local economy, making Baltimore a lively place to live and visit.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.
Home equity loan
Home equity line of credit (HELOC)
Interest rate
Fixed
Variable
Monthly payment amount
Fixed
Variable
Closing costs and fees
Yes
Yes, might be lower than other loan types
Repayment period
Typically 5-30 years
Typically 10-20 years
FAQ
What is a rate lock?
Interest rates on mortgages fluctuate all the time, but a rate lock allows you to lock in your current rate for a set amount of time. This ensures you get the rate you want as you complete the homebuying process.
What are mortgage points?
Mortgage points are a type of prepaid interest that you can pay upfront — often as part of your closing costs — for a lower overall interest rate. This can lower your APR and monthly payments.
What are closing costs?
Closing costs are the fees you, as the buyer, need to pay before getting a loan. Common fees include attorney fees, home appraisal fees, origination fees, and application fees.
If you’re trying to find the right mortgage rate, consider using Credible. You can use Credible’s free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes.