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Home Depot Credit Card Offers – Are They Good For Your Next Big Purchase[Improvement Project] In 2022?

You want to try out home depot credit card for small to bigger home projects? Our guide brings out the little-known advantages, and bonuses customers have when they apply and use their home depot consumer credit card for purchases.


With pay-zero annual fees on a credit card, it sounds extremely appealing to just pick up your home depot consumer credit card, walk down the aisles of Home depot store and make big home improvement purchases.

At no interest in a year, you can use your home depot credit card to execute home improvement projects that will add value to your piece of real estate while giving you a comfortable home feel.

This home depot credit card offers are the best for someone who does not have cash readily available to finance renovation project materials and supplies. Apart from the $0 annual fee, are how does the home depot credit card benefit you?

You need a home depot credit card ? Home depot consumer credit card can give you piece of mind for your home renovation projects
You need a home depot credit card ? Home depot consumer credit card can give you peace of mind for your home renovation projects.

 

A Quick Glance on Home depot consumer credit card

Home depot consumer credit card is a credit financing for home improvement projects and other big purchases. The home depot store credit card  is offered through The City Bank.

When you apply for home depot credit card, the card approval and special financing are offered based on the subject creditworthiness.

A Home Depot Consumer Credit Card offers will be of little advantage to you if you don’t have a fair or better credit history.

If you make your monthly home depot credit card bill pay regular, you won’t have to pay interest in it.

Moreover, when you qualify for special home depot credit card promotions and financing, you get to enjoy 0% interest when you pay for larger purchases for an extended period.

 

 

What are home depot credit card benefits?

We have seen how beneficial the home depot health check is to employees and customers enjoy warranty protection on items bought at home depot stores. Now, let’s go check some good vibes customer have been enjoying when they make home depot credit card deals for their home improvements.

Although this branded home depot store credit card looks promising, there are little perks and offers you will enjoy as compared to other commercial credit cards with flat rates and cash-back.

This does not mean home depot customers don’t get to earn rewards, no, they do, but comparatively not many like other major business credit cards.

 

Home depot credit card Deferred interest

Home depot credit card benefit - Deferred interest
Home depot credit card benefit – Deferred interest

The primary reasons why people make home depot credit card application is to finance their big home projects. When you make a certain size(at least $300) of purchase at home depot store, the home depot credit card offers you up to six months of deferred interest on that purchase.

This Home Depot Consumer Credit Card bonus may turn out to be the most expensive decision you make. For example, if I fail to pay my home depot credit card balance within 6 months, I’m in trouble.

If you don’t completely pay off the balance, you will be totally responsible for all the accrued interest, starting from the day you made the purchase. If you are diligent and wise to manage home depot credit card, you can avoid this costly mistake.

Let the expensive mistake not scare you away. One of the home depot credit card benefits in relation to deferred interest is that if I qualify and my home depot credit card has 0% introductory APR offer that lasts over 12 months, I am lucky and better off.

The deferred interest at Home Depot credit card rewards is good, but unfortunately, it is not waived like other commercial credit cards. There are some cards that offer a 0% intro APR for 15 months on purchases and balance transfers and their ongoing APR can reach higher but in the range of 15-25%.

>> More : Step By Step Home depot credit card Login

 

 

home depot credit card discount

Home depot consumers credit card offers - discounts
Home depot consumers’ credit card offers – discounts

If you’re a new home depot store credit card cardholder, you can enjoy a modest discount when you use the home depot credit card to make a payment. It is true because for some store-branded credit cards, there are no ongoing rewards for in-store purchases.

If I am a loyal Home depot customer and I go to buy anything $25 to $299 in one of their sales points, the Home Depot Consumer Credit Card offers $25 off purchases.

My home depot store credit card balance with gain $50 if I make purchases between $300 and under $1000. With the home depot consumer credit card, I will enjoy an additional $100 off purchases of more than $1,000.

These may seem small as compared to other in-stored credit cards, but the small reduction still save you many dollars.

 

 

 

Home depot store credit card exclusive offers and return

Home depot store credit card exclusive offers and return
Home depot in-store credit card exclusive offers and return

Most die-hard Home depot fans and credit cardholders also benefit one year longer return period and exclusive offers, when shopping with the branded in-store home depot credit card.

This home depot credit card offers one of the longest, hassle-free returns according to customers. I think, relatively, the returns are about 4 times than users normally get on purchases.

What is in this then? This could be exciting when going in for large home improvement purchases, and if you don’t think t out wisely, you may end up regretting woefully.

Can I qualify it as a home depot revolving credit card? The home depot shoppers and the cardholders actually enjoy rotating exclusive offers, like a 10% off a certain brand.

This goes on just for a limited amount of time, but during home depot credit card specials and promotions, the time limit for the home depot credit card financing offers can reach up to 24 months.

>> more: Home depot credit card phone number for customer service 

 

 

You get separate Home Depot credit card for bigger projects

Home depot in-store credit card offers for bigger home projects
Home depot in-store credit card for bigger home projects

Have you tried Home Depot Project Loan Card?. Home Depot also allows their customers or cardholders to borrow up to $55,000 for a really big home improvement project. This is quite different from those home depot credit card bill pay options for everyday shopping.

This is because the home depot loan card is a pile of debt given at a relatively low APR (7.99%) and for loan duration of up to seven years(to 84 months).

You can take this offer if you don’t have lower-APR home equity loan from other creditors to finance remodeling projects in your kitchen or bathroom.

 

 

Month to month Home depot credit card interest rate

Home depot credit card offers - interest rates
Home depot credit card offers – interest rates

If a home depot customers doesn’t want to receive the deferred interest offer, at least she might want to avoid carrying a monthly balance forward.

Just like it happens with many in-store credit cards, if you carry a balance from one month to another month, the ongoing interest rate gets quite high.

The ongoing APR for home depot store credit card that carries balance from month to month is around 17.99%-26.99% but variable.

 

 

home depot credit card perks

Usually, when customers make purchases at Home Depot stores, they get up to 3 months (90 days) to return the items they bought.

You got more than this time limit when you have a home depot credit card. The Home Depot Consumer Credit Card allows you to have up to 12 months to make returns for items you bought with the card.

This home depot store credit card has zero liability protection. This means you are never going to have to pay or be charged for unauthorized purchases.

 

 

home depot credit card financing

Home depot credit card benefits - special financing
Home depot credit card benefits – special financing

if you are going to buy items with home depot credit card, there are some special financing conditions, which are more time-sensitive, and subject to adjustment or change. Moreover, you can’t use the home depot credit card’s special financing cannot be combined with other home depot credit card offers.

For example, in 2021, home depot offered one year 0% APR on installed Fencing Purchases worth at least 2500 dollars, which was subject to credit approval. Although it had expired, but the entire interest amount was going to be due if customer involved failed to pay full amount within the promotional period.

 

 

Which is good, lowes or home depot credit card?

Both home depot store credit card and Lowe’s Advantage credit card require you to have good or better credit rating before you can qualify for their special offers. If you are deciding which one to pick, first go do a little of homework, and make sure your credit score is fair or good before you apply.

Unlike some consumer credit cards, Lowe Advantage and home depot cards don’t come with an annual fee which is not worth it, depending on how you the card.

The annual fee is charged usually on the anniversary each year, to keep the card active. In case you want to avoid the annual fees, make sure you close your credit card account before the next card anniversary.

Both Home Depot Consumer Credit Card and Lowe’s Advantage Card all require that the holder should have a fair or better credit for approval. This is a pretty common standard for most store credit cards.

 

Lowe’s VS Home depot credit card

Both cards have first time bonus. Home depot saves you up to 100 dollars when you open a new home depot consumer credit card. But the offer needs credit approval and is valid only on a single receiver purchase.

 

For Lowe’s Advantage Card, you get a high as 20% taken off or discounted from your first purchase. Much different from home depot, you can ask for discount when you make in-store purchase. Still, when you make Lowe’s credit card application online, you receive a coupon promotional code for 20% (but not more than $100) for online or store purchase.

 

Home depot shopping credit card has zero liability protection and 1 year return period. For Lowe’s Advantage card, the offers you receive during special cardholder’s events is subject to changes. Actually, Lowe’s credit card has no steady perk and no consistent card holder’s even schedule is provided. So you never know for sure if there will have a special Lowe’s cardholder’s event this year.

 

Customers with Home Depot Consumer Credit Card, get approved with a standard APR within 17.99%  to  26.99%. But what credit score do you need for home depot card to be approved? The exception here is that you get approved without any regard to your credit score for home depot card. For Lowe’s Advantage Card, you get just one flat standard APR of 26.99%.

 

What can you get from these ratings? If you have a good credit card credit score and you won’t qualify for a special financing promotion or you plan to carry a balance, the best option is to go with Home Depot Consumer Credit Card with a better everyday interest rate.

 

For everyday financing, a single purchase of $300 or more with home depot credit card qualifies you for6 months of no interest financing. Although this home depot credit card offer is still subject to credit approval, if you fail to complete paying the balance in 6 months, you will fully be charged for the interest from date of purchase.

 

This is similar to Lowe’s card, with an exception. Customers can decide to go for everyday financing promotion or get 5% off their purchase with Lowe’s store credit card. Unlike home depot store credit card owners, Lowe’s card holders can save a few dollars (5%) even with eligible store purchases under $299 value. For purchases over $299, Lowe’s fans can choose either similar deferred interest offer or the 5% discount.

 

 

Home depot Business credit card

Home depot credit card alternatives
Home depot business credit card

Away from consumers credit card. If you have your business which requires that you make purchases at Home Depot, don’t worry. The home depot company offers home depot business credit card – which might be a better alternative for consumer credit card. There is no doubt that a business credit card has different terms, conditions, benefits and perks than the consumer in-store credit cards.

Home depot offers two CitiBank issues commercial credit cards, which come in the form of home depot in-store credit cards. The two home depot business credit cards are Commercial Revolving Charge and its Commercial Account cards.

If you own a business in the hardware and home improvement industry, you can take advantage of the financing solutions for businesses offered by Home depot. A home depot business credit cardholder can take advantage of Home Depot’s loyalty program designed for professionals.

Note that how much is your credit line allowance depends only on your personal creditworthiness and no two cardholders will have same.

 

1. home depot commercial revolving credit card

The home depot commercial revolving credit card works the same way as a normal credit card. The home depot commercial charge card works allows cardholders to make low monthly payments or they pay the credit balance in full each month.

Actually, the Home depot commercial revolving credit card will allow your businesses to make purchases without a predetermined spending limit. For a business, I think the idea of allowing a business to pay balances off in full every month is pretty the best to go with.

Here is the home depot commercial revolving credit card’s annual percentage rates (APR ) on purchases:

  • The charge card’s APR is 21.99% (15% for Georgia or North Carolina)
  • Penalty APR in times of default payments is 26.66%. You can still suffer late fees up to $40.

 

 

2. Home Depot Commercial Account Card

This home depot business credit card has no spending limits or any minimum payment requirements. The home depot commercial credit card holder has an option to choose between a 1 month (30-day) or two months (60-day) payment term.

The truth is, you must have to pay the Home Depot Commercial Account Card in full within the selected timeframe.

The home depot commercial credit account balances must be paid in full before the billing cycle ends. If you fail to pay, a late fee of up to $35 may apply and you can be subject to a higher APR.

 

Benefits of Home depot business credit cards

Home depot commercial credit cards -benefits of home depot business credit card
Home depot commercial credit cards -benefits of home depot business credit card

The commercial cards allow additional card for employees purchasing – the business credit card authorized up to 4 user cards so that employees can make purchases with the commercial account.

 

The home depot commercial card option allows card members to make returns up to one year and non-member get purchase returns of 90 days.

 

Home depot business credit card provide billing statements and make it available to card members. This is beneficial if they want to track purchasing using purchase order numbers.

 

Both types of the home depot commercial credit card options give you the card members, online access. This is pretty good when customers want to  view, manage management their home depot credit account on their own.

 

It also helps them to pay their accounts online conveniently without going the in-store way. Also, home depot commercial card members can pay items by invoice, which is a more flexible method of itemized purchases.

 

What about the fuel savings? The two types of the home depot commercial credit cards have fuel rewards for the business credit card members. Members who enroll in this fuel reward program(separately) gain fuel savings when they make qualifying purchases.

 

When you use your commercial credit card at home depot, every $1,000 spent saves $1 / gallon of fuel, up to a limit of 20 gallons of fuel per purchase for each vehicle.

 

Home depot Business credit cards at a glance

Home Depot Commercial Revolving Charge Card  VS Home Depot Commercial Account

Home Depot Commercial Revolving Charge Card Home Depot Commercial Account
What’s your benefits
  • 60 days $0 interest on purchase
  • Fuel savings
  • 12-months returns
  • New Account Sign-up bonus
  • 4 uthorized user cards
  • Pro Xtra membership
  • 60 days zero interest on purchase
  • Fuel savings
  • 12-months returns
  • new Account Sign-up bonus
  • Pro Xtra membership
  • 4 Buyer ID cards
APR21.99% (15% in GA or NC)Non, Full Paymment each month
Late Fee penalty$40$40
Annual Fee$0$0

 

The Home Depot Consumer Credit Card Vs The Home Depot Project Loan card

The Home Depot Consumer Credit CardThe Home Depot Project Loan
What are your main benefits?
  • 180 days  financing on purchases over $299
  •  Special promotions : max 24 months financing
  • Special discount
  • 12 months returns
  • Zero liability for unauthorized
    purchases
  • New Account Sign-up bonus
  • Project loan up to $55,000
  • Duration to pay off purchases : 84 months qith no pre-payment penalty
  • 6-month buying window
APR17.99%, 21.99%, 25.99%, or 26.99%,
based on creditworthiness
APR is subject to qualifying credit approval + 4 tiers with term

  • 07.42% for 66 monthly payments
  • 12.86% for 78 monthly payments
  • 16.24% for 90 monthly payments
  • 19.96% for 114 monthly payments
Late Fee -penalty$40$40
Annual fee$0$0

For Further Review : Download Home depot Business credit cards at a glance.pdf

 

 

How can I apply for home depot credit card?

how to apply for a home depot credit card online at citibank page
how to apply for a home depot credit card online at citibank page

Want to send in your own home depot credit card application? At the moment of writing, the only way to send your home depot credit card application is two ways – online and in-store.

 

how to apply for a home depot credit card online

  • To apply for a Home Depot commercial credit card online
  • Go to Citibank application webpage
  • Click on the button that says “Not A Card Holder? Apply Now”
  • On the next page, fill in your names, email, and phone number
  • Click to continue to the next page
  • Input your street address, city, state, zip code
  • Click continue button

That is all there is on how to get a home depot credit card online. Make sure to check your email of your home depot credit card application status.

The home depot credit card application process is fairly simple, even though the Home Depot does give list credit requirements that you must have.

Since consumer or business credit cards are best reserved for people with fair or better credit scores, if you know you got no substantial credit history, you can be subject to personal guarantees on commercial accounts.

 

 

what credit score is needed for home depot credit card

What is the home depot credit card score needed to get approval? A fair credit score begins at 640. You should often make sure you check your home depot credit card credit score. If it you see you got a fair or better credit score, you’re sure to get approved.

One thing you must note seriously is that the greater your credit score needed for home depot card, the better your chances of getting approved.

The best home depot credit card requirements to qualifying for special financing offers, and high credit limit is to have an excellent (not just better) credit score.

home depot credit card requirements

  • Credit score requirement: Minimum 640-699 credit score (fair credit).
  • Age requirement: You must be at least 18 years old and you must have proof of independent income or a co-signer if under 21 years
  • Residency requirement: Must be a U.S resident.

 

can i use my home depot credit card anywhere?

Since it is CitiBank that issues the credit cards, can you use a home depot credit card anywhere? No, you can’t. All home depot credit card options can only be used for in-store purchases or online payment to home depot.

 

What is home depot credit card offers on first purchase?

As  an incentive for signing up, home depot cardholders receive a bonus, smaller than what similar in-store cards have to offer. A new cardholder gets a home depot credit card discount of $25 to $100 off their first purchase. One of the best home depot credit card promotions is the $100 you receive off the $1000 + value single receipt purchase in your first 30 days. That actually depends on the amount the customers actually spend.

 

How do I check a home depot store credit balance without going in a store?

You cannot check your home depot store credit balance online. It is the policy that you must go to their store and they will scan the barcode. You need to show some identification – like driver’s license before they can tell your credit balance.

 

What is home depot credit card starting limit?

$500 is the starting home depot credit card limit. If you want to achieve a home depot credit card limit increase, you have to improve from a fair(640+) credit score. However, your credit limit depends of many factors like your credit history, and your disposable income.

 

What is the highest credit limit on a home depot credit card?

One thing that makes the home depot credit card popular is the maximum credit limit it offers. Cardholders can receive home depot project loan (– which is a very large line of credit) up to $55,000. With that high home depot credit card limit for a project, you have 6 months to make the big purchases and a long duration of 9 years to pay it all off.

How do I find my home depot credit card limit then?

Call the home depot credit card customer service phone number. The customer service help desk, cashier, associates can check your balance. Preferably, just go to the store and they will scan your card and tell you how much store credit is left.