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Because the store will give you a minimum of 6 months on purchases over $299 to pay off the furnace without incurring interest charges, the card is perfect. There’s also no annual fee, payments as low as $25 and, according to the literature, you’ll receive special offers. Currently, the process for applying for any of the Home Depot credit cards is online, though it can be done in-store.
Home Depot’s consumer credit card option doesn’t offer much incentive for everyday spending with the retailer. If you are approved for a Home Depot consumer credit card, your purchases will likely be reported by the card issuer, Citibank, to the three major credit bureaus. If you practice responsible financial and credit habits, such as remaining mindful of maintaining a low credit utilization ratio, you can use this card to improve your credit score over time.
What Credit Bureau Does Home Depot Use? (all You Need to know)
If you’re planning a large renovation or building project, Home Depot has a project loan credit card with credit lines of up to $55,000. This card comes with no annual fees, up to 84 months to pay the balance in full, and a six-month buying window to purchase products. For major renovation projects, you might consider getting The Home Depot Project Loan card . It provides you with a loan of up to $55,000 and six months to purchase all the project supplies you need.

However, these offers are not guaranteed and are only available for a limited time. As it is only a store card, the Home Depot Credit Card can only be used in Home Depot. Remember that it is not like your regular credit cards despite having similar functions to such cards. The Home Depot Credit Card interest rate is a range between 17.99% and 26.99% depending on your creditworthiness.
Home Depot Credit Card vs. Lowe's Credit Card: Which card is the best for home improvements?
Here's a comparison of the Home Depot credit card and Lowe's credit card so you can choose the best card for your next home improvement project. Lastly, provide the correct information when submitting the Home Deport credit card application. Incorrect or incomplete information can also lead to application rejection. Your debt-to-income ratio and credit utilization ratio will be linked to your income sources somehow.
The regular purchase APR is the rate assigned to your account based on your creditworthiness; you can find it in your card agreement terms. Credit cards are convenient and secure, they help build credit, they make budgeting easier, and they earn rewards. And no, you don't have to go into debt, and you don't have to pay interest.
Overview | Home Depot Credit Cards
At NextAdvisor we’re firm believers in transparency and editorial independence. Editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by our partners. Editorial content from NextAdvisor is separate from TIME editorial content and is created by a different team of writers and editors. At 18 he ran away and saw the world with a backpack and a credit card, discovering that the true value of any point or mile is the experience it facilitates. He remains most at home on a tractor, but has learned that opportunity is where he finds it and discomfort is more interesting than complacency.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. We believe everyone should be able to make financial decisions with confidence. In addition, you receive up to one year extended warranty benefit and zero liability protection. Depending on your creditworthiness, the Home Depot Consumer Credit Card can come with a hefty APR, which can become a nuisance if you regularly carry a balance.
The Home Depot Card: What are the benefits?
Home Depot’s Consumer credit card is a store-branded card issued by Citibank, which restricts cardholders to only make purchases at Home Depot locations and online at HomeDepot.com. While this credit card doesn’t come with any rewards to earn, it enables the cardholder to earn a few valuable perks and offers special financing for items at Home Depot. In terms of credit options, both cards boast many of the same benefits. However, a business looking to finance purchases with monthly payment options and longer-term windows would do well to choose the Pro Xtra Card over the Commercial Account Card. The Home Depot card might be a good card for you if you need special financing options for everyday home purchases.
Citibank also gives you the ability to see if you pre-qualify for this card without impacting your credit score. You will need a credit score of at least 640 to get it, which is on par with what mo... 640 or higherA FICO® Score of at least 600 is recommended to apply for The Home Depot Consumer Credit Card, and a score of 640 or higher gives you better approval odds. Applicants who get this card usually have scores in the fair credit or good credit range. Earn a $20 off Home Depot coupon by joining Pro Xtra membership. Join Pro Xtra loyalty program to enjoy perks, rewards, volume pricing, up to 20% off paints, purchase tracking on your orders.
Cardholders can also enjoy exclusive offers, such as a 10% Home Depot discount on a particular brand for a limited period, or 24-month funding offers during special promotions. Use your Home Depot login to access your Home Depot credit card account online and make an electronic payment. After logging in to your account, select “Make a Payment” from the “Payments” menu. If you plan to use your savings account or checking account to pay your bill, then you will need to supply your bank account number and an ABA route number. Also, your Home Depot card can be used online to track your account activity, receive exclusive offers, and activate account alerts.

However, there are many other cards out there that provide similar special financing and can give you rewards benefits at the same time. Remember, you can only use The Home Depot card at The Home Depot, and you won’t earn any rewards for doing so. If you plan on making big purchases and paying them off within 6 months, then the Home Depot credit card can come in handy—especially if you use your new account discount. But if you’re unable to pay off your balance within 6 months, you’ll get hit with a high APR and deferred interest charges. If you’re not a contractor receiving discounts or benefits for brand loyalty, then many individuals may instead opt to shop at Lowe’s—one of the major Home Depot competitors. Lowe’s offers a consumer store-only card too, as well as cards for contractors.
You can use all of the Home Depot Credit Cards or credit accounts for qualifying online purchases or at any Home Depot store location. This means these cards cannot be used with other vendors and are “store” or “closed-loop” cards. Specifically for Home Depot’s professional customers, the Pro Xtra Commercial Revolving Charge Card allows authorized employees to use the card for company purchases at any U.S. But it's not a true 0% offer, and you won't earn any ongoing rewards.

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