Home Depot Credit Card is a credit card issued by Home Depot that is available to individual customers as well as numerous commercial and contractor cards.
There is special financing available for large purchases. However, it is not a real 0% deal, and you will not receive any ongoing benefits.
Many, if not all, of the items listed on this page are provided by our partners in exchange for compensation.
This may have an impact on the goods we write about, as well as where and how the product shows on a page. There’s something alluring about browsing through Home Depot’s vast aisles, daydreaming about potential home improvement projects.
Despite its $0 annual fee, The Home Depot Consumer Credit Card does not inspire the same positive sentiments.
This is because the store-branded card does not accrue continuous benefits and provides few incentives. Even the most devoted Home Depot customer would be better served with a flat-rate cash-back or rewards card.
Five Things to Know About The Home Depot Consumer Credit Card
1. It offers deferred (but not waived) interest
The Home Depot Consumer Credit Card may assist you in financing a large home improvement project; in fact, it is its principal selling feature. It provides six months of interest-free credit on purchases of $299 or more.
However, keep in mind that there is a distinction between delayed interest and a real 0% intro APR deal.
The former just “puts aside” interest, but the later temporarily waives it.
The wisest shopping location. Compare major credit cards side by side, along with Nerds’ impartial reviews.
If you do not entirely pay off the balance on The Home Depot Consumer Credit Card before the six-month mark, you will be liable for interest accumulating from the day you made the transaction. That might turn out to be a costly blunder.
If you can qualify for a card with a real 0% introductory APR offer that lasts 12 months or more, you’ll be better off. For example, the Chase Freedom Unlimited® provides a 15-month 0% initial APR on purchases and debt transfers, followed by an ongoing APR of 17.24%-25.99% Variable APR.
It also gets rewards: 1.5% on everything.
2. You won’t want to carry a balance
Even if you don’t use the deferred interest option, you should avoid carrying a debt from month to month.
The continuing interest rate, like with many store-branded credit cards, can be fairly high.
The variable APR is 17.99%, 21.99%, 25.99%, or 26.99%. In comparison, the average APR for interest-bearing accounts in 2018 was 16.04%.
3. New cardholders enjoy a modest discount
The Home Depot Consumer Credit Card gives $25 off purchases of $25 to $299, $50 off sales of $300 to $999, and $100 off purchases of $1,000 or more on new accounts.
That is not insignificant. Nonetheless, there are no recurring incentives for in-store purchases, unlike many store-branded credit cards. You are capable of doing better.
For example, if you’re a do-it-yourselfer who isn’t a fan of Home Depot, the Lowe’s Advantage Card provides 5% off qualifying store purchases. You can select between the 5% discount and a comparable deferred interest offer for purchases of $299 and above.
4. Cardholders enjoy a longer return period and exclusive offers
Frequent Home Depot shoppers may benefit from the fact that the card offers hassle-free returns for one year, which is four times longer than you’d ordinarily receive on Home Depot purchases. This might come in helpful, especially on major purchases that you subsequently regret.
Cardholders can also take advantage of rotating unique deals, such as 10% off a certain brand for a short period or 24-month financing during special campaigns.
5. Home Depot offers a separate card for bigger projects
Home Depot also provides the Home Depot Project Loan Card, which allows users to borrow up to $55,000 for large home improvement projects at a low APR (7.99% as of July 2019) for up to 84 months (seven years).
It’s intended to finance large projects like kitchen or bathroom remodels, and it might appeal to customers who don’t have access to lower-interest financing elsewhere, like a home equity loan.
How the Home Depot Credit Card Works
Home remodelling isn’t inexpensive, but it may become a “must do” rather than a “want to.”
When that’s the case, a Home Depot credit card might be precisely what you need, especially for costly situations.
Home Depot provides a number of credit cards, including consumer and business cards.
On the consumer side, Home Depot provides a consumer credit card that may be used in its shops.
This card offers six months of interest-free financing on purchases of $299 or more.
Commercial cards are also available from Home Depot for contractors and businesses.
A commercial charge card and a business line of credit account are among its commercial cards (due in full each month). Citibank provides Home Depot credit cards.
The Home Depot Consumer Credit Card
The Home Depot consumer credit card, like other store cards, may be used to make ordinary transactions at Home Depot.
Home Depot provides 0% APR for six months on purchases of more than $299, as well as various incentives throughout the year.
You may frequently find 12-month interest-free financing on appliances costing $299 or more, 24-month special financing for heating and air conditioning, and seasonal deals like $25 off snow blowers in the fall.
However, be wary of the promotions. The 0% financing sounds fantastic, but it’s only free provided you follow the restrictions.
0% for six months, like any other “delayed interest” deal, requires you to settle the debt in full before the six months are up.
If you are even one day late, Citi (the bank that issues the Home Depot credit cards) will charge you the full interest amount for the previous six months, as if the deal never occurred.
Banks provide such deals because they know that most customers want to pay off their balances before the promotional period ends, but many do not.
If you don’t have a track record of paying your credit card balances in full at the end of the month, it’s advisable to avoid promotional offers like these.
Store credit cards are “private label,” as opposed to general use credit cards with a MasterCard or Visa logo—store cards can only be used at the retailer, whereas general use cards can be used everywhere MasterCard or Visa is accepted.
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The Home Depot Project Loan Credit Card
Home Depot provides a project loan credit card with credit limits of up to $55,000 if you’re planning a significant remodelling or building project.
This card includes no annual fees, a balance-transfer period of up to 84 months, and a six-month purchasing window.
The card has no benefits and a beginning annual percentage rate (APR) of 7.42% (for the six-month repayment).
Consider it more of a loan or a line of credit than a credit card.
Although the interest rate is far lower than that of a consumer credit card, if you wait the entire 84 months to pay off the loan, your project will be significantly more expensive.
The Home Depot Project Loan Card functions more like a line of credit. There are no benefits or prizes, but you can borrow up to $55,000 for house upgrades and renovations.
Home Depot Credit Card Benefits and Rewards
On purchases of $299 or more, the Home Depot consumer credit card offers a six-month interest-free period.
As of February 2021, Home Depot will also provide different consumer benefits, such as discounts and bill credit for specific purchases.
Home Depot, in instance, is providing free stain and a 5% bill credit on select pergolas and pavilions, as well as up to $500 off and a 5% statement credit on some sheds and garages.
Where Can Someone Get the Home Depot Credit Card?
Those interested in applying for the Home Depot credit card can do so on their website.
The card can also be applied for in-store. Both processes are normally instant, however it might take up to 10 days to obtain the card.
What Kind of Credit Is Required for the Home Depot Credit Card?
The Home Depot card’s qualifications are not specified, however keep in mind that credit standards for store cards are often less stringent than those for conventional credit cards.
The credit required, like with most shop credit cards, and is normally fair to good.
Where Can the Home Depot Credit Card Be Used?
The Home Depot credit card, a private label card, may be used both online and in-store.
Because it is not a general-use credit card, Home Depot’s two consumer credit cards cannot be used at other stores or merchants.
Alternatives to the Home Depot Credit Card
If you are not a contractor who receives discounts or advantages for brand loyalty, many people may choose to buy at Lowe’s—one of Home Depot’s main competitors.
Lowe’s also has a consumer store-only card, as well as contractor cards. The Lowe’s credit card, commonly known as the Lowe’s Advantage Card, offers a 26.99% APR and a 7.99% introductory rate on transactions over $2,000.
Terms and Conditions of the Home Depot Credit Card
Based on creditworthiness, the Home Depot card has APRs of 17.99%, 21.99%, 25.99%, or 26.99%.
The card has a regular 25-day grace period and late payment penalties of up to $40. Expect no incentives like rewards points or cash back with this card, other from the special deals.
If you use your credit card properly, a card with cash back or rewards points may be a better choice than a retail card, unless the special offers appeal to you.
The Home Depot Project Loan Card functions more like a line of credit. There are no benefits or prizes, but you can borrow up to $55,000 for house upgrades and renovations.
The Home Depot Credit Card Login
How To Sign In to Home Depot Bank Card account on the website?
1. Navigate to the login area.
You must go to the Home Depot Bank homepage, which is located at: https://www.homedepot.com/.
As indicated in the image below, click the “My Account” icon on the upper right side of the site. Then, select “Sign In.”
2. Enter your information.
Enter your email address and then press the “Continue” button.
Then, in the blank box, enter your user ID and password.
3. Finish
Finally, in order to access your account, you must click the “Sign In” option.
How To Make a Home Depot Credit Card Payment Online
It’s simple to make a payment online. Here’s how it works:
1. Before you begin, get your bank account number and the ABA routing number.
2. Go to the Home Depot credit card login page.
3. Enter your username and password to access your Home Depot account.
4. Follow the on-screen instructions to make a payment.
Home Depot Credit Card Application
Home Depot Credit Card Apply Online
1. Go to the Home Depot credit centre online and look for the Home Depot consumer credit card offer.
2. To access the online credit card application, click the orange “Apply Now” icon.
3. Complete the online application.
Please include your full name, email address, street address, phone number, financial information, Social Security number, and birth date.
4. Read the account terms and conditions before checking the agreement box.
5. To process your application, click the orange “Submit Application” button.
6. If you are authorised, you will receive an online confirmation with your credit limit.
7. Take the confirmation to your local Home Depot store to obtain your temporary card details and a $25 discount good for any $25 or more Home Depot purchase. The voucher is valid for 30 days.
Lowes vs Home Depot Credit Card
| Home Depot Consumer Credit Card | Lowe’s Advantage Card | Winner | |
| Annual fee | $0 | $0 | Tie |
| Rewards | There is no discount, but there are rotating limited-time discounts for a variety of items and services. | 5% off qualifying purchases | Lowe’s |
| Welcome bonus | Save up to $100 when you make a qualifying purchase. Valid through 7/28/21 | When you establish and utilise a new account through 1/31/22, you will receive 20% off your purchase. Discount of up to $100. | Tie |
| Regular APR | Variable from 17.99% to 26.99% | Variable at 26.99% | Home Depot |
| Everyday financing | On orders of $299 or more, special financing is available for 6 months. If paid in full within 6 months, there will be no interest. | On orders of $299 or more, special financing is available for 6 months. If paid in full within 6 months, there will be no interest. | Tie |
| Project financing | Minimum purchase requirements may apply for up to 24 months during special deals. | On purchases of $2,000 or more, special fixed-rate interest options for 36, 60, or 84 months are available. | Lowe’s |
FAQs
Who Should Consider the Home Depot Credit Card?
If you buy at Home Depot frequently, the card may be useful to you. The card does not provide cash back, but it may be appealing to individuals who are interested in the current introductory incentives.
If consumers are heading to the home improvement store for routine repairs, they may want to consider one of the top cash back credit cards.
Is It Hard to Get a Home Depot Credit Card?
Home Depot does not specify credit standards, but its APR for clients will range from 17.99% to 26.99%. Applying is simple and may be done online.
Is the Home Depot Card Worth It?
The Home Depot credit card provides no cash back or other perks. It does, however, offer 0% interest for six months on transactions above $299. It also features unique incentives like as initial statement credits and product promotion discounts.
Does Home Depot Have a Rewards Card?
Home Depot provides an individual credit card, as well as business and contractor cards.
However, there are no incentives or cash back associated with the card.
Certain statement credits and discounts are included.
How Do I Get a Home Depot Card?
Although you may apply for a Home Depot card in-store, it is far quicker to do it online.
If you fulfil the credit conditions, Citibank, Home Depot’s credit issuer, will send you a card within 10 days.
How can I pay Home Depot credit card?
You may pay your Home Depot® Credit Card bill online or by phone at (866) 875-5488.
You can also pay your Home Depot® Credit Card bill via the mobile app, mail, or in person at a branch. Cardholders can also set up automated payments with the issuer.
Is The Home Business Credit Cards Available?
The Home Depot provides two business credit cards: a Commercial Revolving Charge Card and a Commercial Account Card.
Both cards provide the same benefits and incentives; the only significant variation is in their charge structures.
Is The Home Depot Credit card rewards still available?
The Home Depot credit card provides no cash back or other perks. It does, however, offer 0% interest for six months on transactions above $299.
It also features unique incentives like as initial statement credits and product promotion discounts.
What is the Home Depot Credit Card Limit?
The initial credit limit for the Home Depot® Credit Card is $300 or more.
Every Home Depot® Credit Card applicant is guaranteed a credit limit of at least $300.
Furthermore, exceptionally creditworthy candidates may be granted even greater limitations.
How do I speak to a live person at Home Depot Credit Card service?
LiveChat is available 24 hours a day, 7 days a week, or call 1-800-430-3376 Monday through Sunday, 6a. m. – 2a. m
When is The Completion of Home Depot Credit Card Registration Done?
After you check your information, sign up for email notifications, and click the “complete registration” button, your registration is complete.
What Is the Home Depot Credit Card Credit Score?
A credit score of 640 or above is required for a Home Depot® Credit Card, which indicates you must have a decent credit score.
Where Can I Use Home Depot Credit Card?
Because it is a store card, you cannot use the Home Depot® Credit Card outside of Home Depot stores and the Home Depot website.
Home Depot Credit Card Phone Number
Call Consumer Credit Card Customer Service at 1-800-677-0232 for further information.
What is The Home Depot Credit Card Login Interest Rates?
Home Depot provides two credit cards to customers.
The standard Home Depot credit card has a special 0% interest rate for the first six months, after which the annual percentage rate (APR) ranges from 17.99% to 26.99%.
Conclusion
The Home Depot credit card may tempt customers who are planning a large remodel. Contractors can also take use of the retailer’s different commercial cards.
It’s worth noting that the card offers free interest for six months on purchases over $299.
The card may be used for zero-interest financing for repairs such as repairing heat or air conditioning, replacing a water heater, or repairing plumbing.
