We’re excited to announce that, starting today, you can offer 0% APR cards* as part of your Hearth subscription.
58% of homeowners who use a credit card to finance a project take advantage of a no-interest promotion, and it’s not hard to see why. With a 0% APR credit card, your clients with strong credit could finance their project without paying interest.
Despite this popularity, however, few contractors offer 0% APR credit cards to their customers. That’s why we’re so excited to help set your business apart.
Here’s how it works:
We’ve added a banner on your branded payment options page showing that you offer 0% APR cards. Any potential customer who visits this page will instantly see this offer.
Clicking the banner will take your client to our 0% APR credit card marketplace. Your clients can explore options from leading card providers.
Once your client finds an option she likes, she’ll be able to apply for the card. As with any credit card application, your clients will be subject to a hard credit pull. (Remember: a hard credit pull will affect their credit score). The actual terms of the 0% APR credit card, the length of the promotional period, and the credit limit will depend on your client’s individual credit profile – we can’t guarantee in advance how much they may be approved for.
Most of the time, your client will receive an instant decision. If approved, they’ll usually get the card in a few days, but we can’t predict the exact timeframe. Sometimes, however, your client may have to go through a longer manual review process.
One more thing…
0% APR credit cards aren’t just good for your clients; they’re great for your margins!
With Hearth’s 0% APR credit card options, you won’t be charged a dime in dealer fees. This is different from same-as-cash or 0% loan programs which often charge you dealer fees in order to buy down your client’s rates.
Adding Hearth’s new 0% APR credit cards to your financing options can help you give your business a competitive edge. Homeowners with strong credit have a chance to pay $0 in interest while you’re charged $0 in dealer fees -- all to help you continue to build your business and grow your bottom line!
*Potential credit card offers will include a 0% APR during a promotional period only; the promotional period will vary in length among different offers. After the conclusion of the promotional period, higher APRs will be charged. Please consult the disclosures related to any particular card offer.