Saving on the purchase of building materials for renovation (tiles, boiler, armored door) of furniture and furnishings for the home is easier with the possibility of splitting offered by some credit cards called revolving, which offer the end user the possibility of making such purchases without losing the tax benefits provided by law (currently the 41% IRPEF deduction on renovations).
Simply make an agreement with the issuing company or bank and have a copy of the transfer sent regarding the payment to the supplier which is paid in full at the time of purchase: the reason for the transfer must indicate the purchase of materials and the name, surname, address and VAT number of the beneficiary and the date of the operation.
Some revolving cards on the market, such as Dolcecasa by Compass, have already carried out this type of operation. Others have launched very interesting offers for those approaching this instrument for the first time: zero interest payments for those who sign up for the card when purchasing a household item. The competition between revolving cards and purchase financing is therefore becoming increasingly stronger.
Some credit cards are already set up for the revolving option and the customer just has to activate the installment payment formula before going to make a major purchase for the new home or the one to be renovated. Findomestic, Deutsche Bank Prestitempo, Santander Consumer Finconsumo Banca, Fiditalia, Bipitalia Ducato, Neos Banca are some of the consumer credit brands that with their flexible cards have livened up this purchasing niche which is experiencing a limited expansion, with expanding spending volumes for glassware and housewares, household appliances, bedroom furniture and garden equipment.
Revolving credit cards are normal cards that also allow you to repay the end-of-month balance in installments. By paying off the installments, you reconstitute the availability of spending equal to the amount paid. Unlike personal loans, they do not require the monthly payment of a fixed instalment, you can decide on the repayment solutions as you wish. The minimum monthly payment expected is usually 5% of the entire debt exposure. An interest rate is applied to the sums spent and not all reimbursed in the following month.
source: IL SOLE 24 ORE
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