Some of the perks included with the Home Depot Consumer Credit Card include:
- 1-year no-hassle returns, which is 4x the standard policy
- Special discount offers
- Zero liability for unauthorized charges
- Pre-qualification from Citibank that doesn’t impact your credit score
Does the Home Depot offer a credit card?
The Home Depot Credit Card is a $0 annual fee store credit card for people with fair credit or better. Because the Home Depot Credit Card does not offer regular rewards, its main benefits are a first-purchase discount and deferred interest financing promotions.
How to qualify for a Home Depot credit card?
- Payment flexibility to allow you to make low monthly payments or pay in full each month
- Authorized user cards - Issue cards to employees entrusted to make purchases on your account.
- Itemized Statements - Easy-to-read, itemized billing statements organized by product number
- Easy Purchase Tracking - Track purchases by PO number, job name, or job number
What are the benefits and drawbacks of a credit card?
Pros and cons of credit cards Credit cards offer many advantages, including cashback rewards and strong fraud protection. They can also be used to finance large purchases.
What credit cards does Home Depot accept?
You can't use the Home Depot® Credit Card outside of Home Depot stores and the Home Depot website, because it's a store card. Regular credit cards are part of a card network – Mastercard, Visa, Discover, or American Express – so those cards can be used anywhere the card's network is accepted.
Does Home Depot give a discount when you use their credit card?
The Home Depot Consumer Credit Card does not offer a discount, but there are rotating limited time offers for a variety of products and services.
How much do you get off with Home Depot card?
On new accounts, The Home Depot Consumer Credit Card offers $25 off purchases of $25 to $299, $50 purchases of $300 to $999, or $100 off purchases of $1,000 or more. That's not nothing.
Is Home Depot credit card at Home Depot good?
The Home Depot card is a store-branded card issued by Citibank. Of the 2 personal cards offered, this one is more like a traditional credit card. However, you can only use it for purchases at The Home Depot.
Does Home Depot credit card have 0 interest?
The basic Home Depot credit card offers a promotional 0% interest rate; after that, the annual percentage rate (APR) ranges from 17.99% to 26.99%.
How do I get Home Depot 20% off coupons?
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. You'll also receive a $20 off Home Depot promo code sign-up bonus that you can use on your first $200 purchase.
Can I use Home Depot credit card at Lowes?
Editorial and user-generated content is not provided, reviewed or endorsed by any company. No, you cannot use your Home Depot® Credit Card everywhere. You can't use the Home Depot® Credit Card outside of Home Depot stores and the Home Depot website, because it's a store card.
Does Home Depot credit card do a hard inquiry?
Yes, the Home Depot Credit Card does a hard pull credit check. You will need a credit score of at least 640 to get it, which is on par with what most store cards require. There is no way to pre-qualify for the Home Depot Credit Card. A hard pull usually causes an applicant's credit score to drop by 5-10 points.
Why did my credit score drop when I paid off credit card?
Credit utilization — the portion of your credit limits that you are currently using — is a significant factor in credit scores. It is one reason your credit score could drop a little after you pay off debt, particularly if you close the account.
What are the different types of Home Depot credit cards?
Home Depot offers two credit options: the Pro Xtra Card and the Commercial Account Card. We compared each card's features and benefits to help your business make the right choice.
What score do I need for Home Depot card?
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.
What bank is Home Depot credit card through?
CitiThe Home Depot Consumer Credit Card, issued by Citi, charges no interest for the first six months on purchases of $299 or more. During special promotional periods, you may qualify for up to 24 months of no interest on certain larger purchases.
Can you pay off a Home Depot credit card with another credit card?
Typically, you can't simply pay your credit card bill with another card as if you were paying your utility or phone bill. Credit card companies don't usually accept credit cards as a regular form of payment, in part because it opens the door for debt to revolve through your accounts in an infinite loop.
Who issues Home Depot credit cards?
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.
What is a Home Depot project loan?
As you can see, the Home Depot Consumer Credit Card and the Home Depot Project Loan card are essentially designed to offer special financing options for small and large home purchases, respectively. However, there are many other credit cards available for qualified applicants that offer better rewards benefits and unrestricted spending. Still, the Home Depot Project Loan card may be useful if you’re focused on completing a big project and expect to have the funds in the allotted time frame.
Is Project Loan a credit card?
While the Project Loan card is technically a Mastercard, it’s not a traditional credit card. In actual ity, this card enables you the ability to access funds from a consumer loan by Home Depot Loan Services, with funding provided from the online lender GreenSky, LLC.
Does Citibank prequalify affect credit score?
Pre-qualification from Citibank that doesn’t impact your credit score. Of course, many alternative credit cards offer similar benefits (see below), so many shoppers choose the Consumer Card for its special financing offer.
Is Home Depot a second home?
If you’re working on a project for your house or embracing the DIY spirit, then chances are that you call Home Depot as your second home. Whatever may be your reason, purchasing supplies and materials, going to Home Depot is probably a common occurrence. Undoubtedly, you’ve probably come across advertisements of Home Depot’s own version ...
How long does Home Depot return card last?
Frequent Home Depot shoppers might benefit from the fact that hassle-free returns are offered for one year with the card, which is four times longer than you'd normally get on Home Depot purchases.
Why should every purchase be on a credit card?
by Virginia C. McGuire, Paul Soucy. 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. Explore Credit Cards.
What is the APR on a Home Depot credit card?
If you’re approved for the Home Depot® Credit Card, you will be assigned a regular APR between 17.99% - 26.99%. The rate you’ll get is a function of creditworthiness, with the lowest rate likely being limited to people with excellent credit and the highest rate being reserved for those with limited credit. For context, the average APR for all new credit-card offers is 18.24%, the average for fair credit is 23.25% and the average for store credit cards is 24.4%, according to WalletHub’s latest Credit Card Landscape Report.
How long does it take for Home Depot to process a mailed payment?
Mailed payments can take 5 to 7 days to reach Home Depot. Payments received at the processing facilities by 5 p.m. local time will be credited as of that day. Payments received after this time will be credited as of the next day.
Does Home Depot offer rewards?
Answer provided by user: WalletHub. The Home Depot credit card does not offer rewards, except for interest-free financing on purchases worth at least $299 paid in full within six months. You can find the current promotions on their website.
Does Home Depot charge an annual fee?
No Annual Fee. The best part of the Home Depot® Credit Card is something that it lacks: an annual fee. It’s not uncommon for a store-affiliated credit card not to charge an annual fee, even if it will approve applicants who have limited credit, but it’s definitely a plus nonetheless.
Does cancelling a Home Depot credit card hurt your credit score?
Keep in mind that canceling a credit card can hurt your credit score, because your overall available credit will decrease. Since the Home Depot® Credit Card has a $0 annual fee, it might be better for you to keep it open without a balance. 1. 1.
What is a Home Depot credit card?
Image Credit: The Home Depot. The Home Depot card is a store-branded card issued by Citibank. Of the 2 personal cards offered, this one is more like a traditional credit card. However, you can only use it for purchases at The Home Depot.
Is Home Depot a Mastercard?
You can only use the card at The Home Depot and homedepot.com, including Home Services.
Is Home Depot Project Loan a credit card?
Generally, you can easily access the terms and conditions for all credit cards, but since The Home Depot Project Loan isn’t a traditional credit card, the terms and conditions for the card are not easily accessible online and may not be available over the phone, either.
Does Home Depot have 0% APR?
Higher checkout amounts are 1 reason The Home Depot offers solutions with affordable APRs. However, many rewards cards have 0% APR for up to 18 months which could be an attractive alternative, especially if you don’t need to spend tens of thousands of dollars (as that amount might require a higher credit limit).
