It is also pretty likely that your score will slip. A big part of your score is based on the ratio of revolving debt to available credit. Carrying balances of more than 30% of your available limit, hurts your score.

Also, don’t count on finding another 0% offer after the first one. These offers aren’t as numerous as they once were. You also have to consider the transfer fees (typically 3%).

You could also run into a problem with that $150 payment. That’s only about 1.5% of a $10K balance. Most minimum payments are about 3%. Even at 0%, your payment would only pay off $1800 the first year. If you were actually planning on paying off most of it within the first year, it might make more sense.

Credit cards are not meant to be long term financing. There are all sorts of tales of woe from doing just what you are considering. Perhaps you should put off the remodeling and put that $150 in a bank account towards that remodeling.

It is not financially wise to finance this.
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You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support home repairs.

There is a grant from US Department of Agriculture called 10.417 Very Low-Income Housing Repair Loans and Grants that a senior citizen may qualify to get home repairs grant http://12.46.245.173/pls/portal30/CATALOG.PROGRAM_TEXT_RPT.SHOW?p_arg_names=prog_nbr&p_arg_values=10.417

USES AND USE RESTRICTIONS
Loan funds may be used to make general repairs and improvements to properties or to remove health and safety hazards. Grant funds may be used only to pay for the costs for repairs and improvements that will remove identified health and safety hazards or to repair or remodel dwellings to make them accessible for houshold members with disabilities. Loans and grants are typically used for repair or replacement of heating, plumbing or electrical services, roof or basic structure as well as water and waste disposal systems, and weatherization. Loans bear an interest rate of one percent and are repaid over a period up to 20 years. In addition to the above purpose, loan funds may be used to modernize the dwelling. Maximum loan amount cannot exceed a cumulative total of $20,000 to any eligible person and maximum lifetime grant assistance is $7,500 to any eligible person. The house must be located in an eligible rural area which does not exceed 10,000 population. Some places with populations between 10,000 and 25,000 may be eligible if not within a Metropolitan Statistical Area (MSA). Assistance is available in States, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, the Commonwealth of Northern Mariana’s and the Trust Territories of the Pacific Islands.

Applicant Eligibility
Applicants must own and occupy a home in a rural area; and be a citizen of the United States or reside in the United States after having been legally admitted for permanent residence or on indefinite parole. Loan recipients must have sufficient income to repay the loan. Grant recipients must be 62 years of age or older and be unable to repay a loan for that part of the assistance received as a grant.