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This question is about the Home Depot® Credit Card
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Jeff Pratley, WalletHub Credit Card Advisor
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One of the best Home Depot credit card promotions is $100 off a single-receipt purchase of $1,000 or more in your first 30 days with the Home Depot Consumer Credit Card. You’ll also receive 0% deferred interest for 6 months on purchases of at least $299. If you pay the purchases off by the end of the intro period, you pay no interest. Otherwise, you owe all the interest you would have paid, at an APR of 17.99% - 26.99%.
If you’re a business owner, the best Home Depot credit card offer is 60 days of no interest on all purchases with the Home Depot Commercial Revolving Charge Card or the Commercial Account, which is basically a 2-month free loan. You still have to make minimum monthly payments during the 60-day zero interest period, though. With either Home Depot Commercial card, you’ll also save $100 on your first qualifying purchase of $1,000 or more within 30 days of having the card. On top of that, you get a 1-year return period for your purchases.
The last type of Home Depot offer doesn’t come from a credit card. It’s Home Depot’s Project Loan, which offers up to $55,000 with a fixed APR and payoff period that depends on your creditworthiness. The deal gives you 6 months to make purchases for your project. Then, you have anywhere from 66 to 114 months to pay it off, with an APR from 7.42% to 19.96%.
Current Home Depot credit card promotions:
- $25-$100 discount on a purchase of $25-$1,000+ in first 30 days: Home Depot Consumer Credit Card, Home Depot Commercial Credit Cards
- 0% deferred interest for 6 months on purchases of $299 or more: Home Depot Consumer Credit Card
- 7.42%-19.96% APR for 66-114 months: Home Depot Project Loan
- No annual fee: All Home Depot credit cards
- No interest for 60 days on all purchases: Home Depot Commercial Credit Cards
- 1 year to return purchases: Home Depot Commercial Credit Cards
- Free Home Depot Pro Xtra membership: Home Depot Commercial Credit Cards
If you go for the consumer card, you should definitely be wary of the deferred interest offer. It may seem great at first, but if you’re not able to pay your full balance, you’ll owe a mountain of interest. If you’re looking to finance, consider a 0% APR credit card not associated with a particular retailer.
Home Depot® Credit Card
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Anthony Rosario, Member
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The Home Depot Credit Card currently offers 6-month financing on purchases of $299 or more. In addition to that, for a limited time, new cardholders save $100 on qualifying purchases.
The offers always change, so you can keep up with the latest offers here.
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Brandon Bettan, Member
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Yes, the Home Depot credit card charges no interest on purhcases of at least $300, if they're paid in full within 6 months. You also get up to $100 off your first purchase, and special discounts for various products.
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People also ask
What credit score do you need for the Home Depot Credit Card?
You need a credit score of at least 640 for a Home Depot® Credit Card. This means you should have fair credit or higher for approval. That’s the case for both the Home Depot® Credit Card and the Home Depot® Business Credit Card. Both Home Depot credit cards are store cards, meaning they can be used only at Home Depot. Their 640+ credit score requirement is consistent with that of other ... read full answerstore credit cards.
However, your credit score is only one of the factors considered when you apply. The issuer will also consider your income, employment status, payment history, and debt level, among other factors.
Here are the Home Depot® Credit Card approval requirements:
- Credit score requirement: A credit score of 640+ (fair credit).
- Age requirement: Must be at least 18 years old. If you’re under 21 years old, you must have proof of independent income or a co-signer.
- Residency requirement: You must be a U.S resident. Address must be a physical location in one of the 50 U.S. states or Washington D.C. Note that P.O. box addresses will not be accepted.
- Basic application info: Includes full name, address, phone number, Social Security number, and birthdate.
- Financial info: Includes monthly rent or mortgage payment, residence status (own/rent), and total annual net income (annual income after taxes).
If you get approved for the Home Depot® Credit Card, you will receive a credit limit of at least $300. For the Home Depot® Business Credit Card, your credit line will be at least $500.
Keep in mind that the credit score needed for a Home Depot® Credit Card could also get you a number of good credit cards that can be used anywhere. For example, the Capital One QuicksilverOne Cash Rewards Credit Card offers 1.5% cash back on all purchases. However, it comes with a $39 annual fee. For business owners, Capital One Spark Classic for Business gives 1% cash back on all purchases and has a $0 annual fee.
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Are Home Depot home improvement loans good?
Home Depot offers home improvement loans called “Project Loans.” These loans can be anywhere from $2,500 to $55,000. For the first 6 months after taking out a Home Depot Project Loan, borrowers are required to make monthly interest-only payments at a 7.99% fixed APR. For the next 84 months after that, they must pay off both the principal balance and interest, which continues to accrue at a 7.99% APR. This APR is quite low, considering that personal loans from other issuers can charge up to 36%. Borrowers can also avoid some interest charges by paying off the balance early with no penalty.... read full answer
There is no specific minimum credit score needed to get a Home Depot home improvement loan, according to representatives from Home Depot. They’ll also look at more than just your score, including your debt-to-income ratio, number of open accounts and more.
You can use a Home Depot Project Loan for whatever home improvements you need. Home Depot gives the examples of “kitchen and bath remodels, room additions or roof replacements.” But those certainly aren’t the only projects you can do.
Home Depot also offers a credit card that can only be used at its stores. However, it’s not really the most worthwhile home improvement credit card compared to other options on the market. And depending on the size of your project, credit cards may not offer high enough credit limits to accommodate it.
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What Lowes credit card promotions are there?
Current Lowe's Store Card promotions include a 5% discount on all Lowe’s purchases and 6 - 84 months of 0% - 7.99% deferred/reduced interest on big-ticket purchases. The Lowe's Store Card gives you a choice between the two. The card’s regular APR is 26.99%.
Occasionally, Lowe’s also runs limited-time credit card promotions for all cardholders.
Here are the Lowe's Store Card promotions:... read full answer
- 5% discount: You can get a 5% discount on everything you buy at the store.
- 0% - 7.99% deferred/reduced interest: You can pay down big-ticket purchases with “special” financing: You can choose a 0% intro APR if you pay in full within 6 months on purchases of at least $299. Note, though, that this is deferred interest; if you miss a due date along the way or don’t repay your full balance by the due date, interest will retroactively apply to your original purchase amount at the full regular rate. Alternatively, you can choose a reduced APR financing; 7.99% APR for up to 84 months on purchases or orders of $2,000 or more. The regular APR is 26.99%.
- Special temporary discounts: A recent example is 20% off first purchase, up to $100 discount.
You should probably pick the 5% discount on Lowe’s purchases out of the two promotions. Deferred interest really isn’t worthwhile. You’d get no interest if you pay in full within 6 months. But if you don’t, you’d owe all 6 months’ worth of interest at 26.99%.
If you need to finance, you’re better off getting a card that really gives you 0% interest and only charges interest on the balance that’s left after the intro period ends. You can check out our editors’ latest picks for the best 0% APR credit cards on the market to weigh your options.
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FAQs
Is there a discount when you open a Home Depot credit card? ›
New cardholders enjoy a modest discount
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.
Get a 10% coupon when you apply for the Home Depot credit card. When you open a new Home Depot credit card, you'll receive a $100 discount on a single-receipt purchase of $1,000 or more (aka 10% off).
Who offers the Home Depot credit card? ›About the card
The Home Depot Consumer Credit Card can only be used on purchases at Home Depot. The card is issued by Citibank and offers different financing options.
You can increase your Home Depot® Credit Card credit limit by making a request online, or by calling customer service at (800) 677-0232. Alternatively, you may also get a Home Depot® Credit Card credit limit increase without asking, if your account is in good standing.
Does Home Depot card give 5% off? ›If you want to get 5% off, you won't be able to finance a purchase with an available special financing offer. 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.
Should I have 3 credit cards? ›If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.
How can I get a Home Depot 15 off coupon? ›- Sign up for Home Depot email alerts: Earn a $5 off $50 coupon.
- Sign up for Home Depot text alerts: Earn a $5 off $50 coupon.
- Join the Home Depot Garden Club: Earn a $5 off $50 coupon.
How the Low Price Guarantee works for in-store pre-purchases: If you find a current lower price on an identical, in-stock item from any other retailer, we will match the price. Just bring the ad, printout or photo with you to the register for validation. (This may involve the associate contacting the competitor).
Does Home Depot give a senior discount? ›As the largest home improvement retailer in the U.S., Home Depot offers both loyalty and military discounts but does not currently offer senior-specific discounts.
How much credit should I have to get a Home Depot credit card? ›A credit score of 640 or higher is needed for a Home Depot® Credit Card; this means that you need to have a fair credit score to get it.
What credit score should you have to get a Home Depot credit card? ›
A FICO® Score of at least 600 is recommended to apply for the Home Depot® Credit Card -- ideally, a score of 640 or higher. Applicants who get this card usually have scores in the fair credit or good credit range.
Does it hurt to ask for a credit increase? ›Increasing your credit limit, also known as a credit access line, won't necessarily hurt your credit score. In fact, you might improve your credit score. How you utilize the credit access line after the increase is one of the multiple factors that can impact your score.
What's the highest credit limit for Home Depot? ›Credit Line up to $55,000
Your first step on the application is to request your loan amount, typically the amount you have estimated it will cost to complete your home project. The Home Depot Project Loan allows for loans from $2,500 to $55,000. In general, it's good practice to request only what you think you need.
What is the highest credit limit that Home Depot offers? The Home Depot Project Loan gives cardholders an extremely large line of credit (up to $55,000), 6 months to make purchases, and up to 9.5 years to pay it all off.
What is the typical limit on a Home Depot card? ›The starting Home Depot® Credit Card credit limit is $300 or more. Everyone who gets approved for the Home Depot® Credit Card is guaranteed a credit limit of at least $300. Plus, particularly creditworthy applicants could get limits a lot higher than that.
Does Home Depot honor 11% off? ›Home Depot excludes from the 11% rebate several name brands and other items, including Weber, John Deere, gift cards, and over 1,300 pages of products. The rebate also only applies to in-store purchases. Online purchases do not qualify.
Who is better Lowes or Home Depot? ›Home Depot tends to have a wider variety of exclusive products sold for slightly lower prices on average, while Lowe's brands seem to be more focused on stocking high-quality tools that first-time DIYers often require.
Can I use my Home Depot credit card at Lowe's? ›No, you cannot use your Home Depot® Credit Card everywhere. The Home Depot® Credit Card is a store credit card and it can only be used at Home Depot stores and through the Home Depot website.
What is the highest credit score? ›- Exceptional Credit: 800 to 850.
- Very Good Credit: 740 to 799.
- Good Credit: 670 to 739.
- Fair Credit: 580 to 669.
- Poor Credit: Under 580.
Factors that contribute to a higher credit score include a history of on-time payments, low balances on your credit cards, a mix of different credit card and loan accounts, older credit accounts, and minimal inquiries for new credit.
Is 7 credit cards too many? ›
Six or more credit cards might be too many for most people, given that the average American has a total of five credit cards. Everyone should have at least one credit card for credit-building purposes, even if they don't use it to make purchases, but the exact number of cards you should have differs by person.
Does Home Depot give 20 percent off? ›The Home Depot regularly offers coupons for an extra 20% off items in select categories. One of the best ways to save is to subscribe to The Home Depot emails or texts and you will receive a $5 off $50 one-time use coupon.
How can I save 20 off at Home Depot? ›To get started, join The Home Depot's Pro Xtra program, a free loyalty program that lets you earn perks with each purchase and discounts like 20% off on paints, stains and primers. Save even more with the Volume Pricing Program by buying bulk-pricing eligible items.
Is Home Depot Pro Xtra free? ›It's free, so all customers need to do is enroll in a Pro Xtra membership to see more success with every job.
Can I negotiate my pay at Home Depot? ›Negotiate Salary
If you think you and your skill set should be valued higher than your offer, negotiate your salary! 33% of men and 21% of women at The Home Depot said they negotiated their salaries. On average, The Home Depot employees earn $113,882. The Home Depot ranks in the Top 35% for compensation in Atlanta.
From the Home Depot site, “If you find a current lower price on an identical, in-stock item from any retailer, we will match the price and beat it by 10%.” All you need to do is bring in the ad, printout or even a photo (of either) with you to the register for validation.
Why does Home Depot keep lowering my credit limit? ›One is that you've been carrying a balance higher than 30% of your overall credit limit for too long, thus having a high credit utilization. Another reason is linked to strange spending patterns or even a suspicion of identity theft.
What discounts can over 60s get? ›- Ride the Rail. It's really important for older people to keep a strong social network. ...
- Iceland Over-60s Discount. ...
- More Points at Boots. ...
- Movie Savings. ...
- Free TV. ...
- Cheaper Haircuts. ...
- Free Bus Pass. ...
- Free Prescriptions.
Home Depot does not offer an employee discount. However, Home Depot employees can avail certain discounts from other brands and retailers, many of which can be used online.
Does Lowe's give a 10% senior discount? ›No, Lowe's doesn't have a senior discount, but it does have weekly discounts, festival discounts, and other offers that let you purchase at the best price.
Does Lowes give discount for opening credit card? ›
Limit one 20% off coupon per new credit account; offer is not transferable. Max discount is $100 with this offer. Accounts opened in store: One-time 20% off discount is not automatic; you must ask cashier to apply discount (barcode) at time of in-store purchase.
How to get a discount at Home Depot? ›- Sign up for Home Depot email alerts: Earn a $5 off $50 coupon.
- Sign up for Home Depot text alerts: Earn a $5 off $50 coupon.
- Join the Home Depot Garden Club: Earn a $5 off $50 coupon.
What is the highest credit limit that Home Depot offers? The Home Depot Project Loan gives cardholders an extremely large line of credit (up to $55,000), 6 months to make purchases, and up to 9.5 years to pay it all off.
What is a good credit score? ›Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
Why did Home Depot lower my credit limit? ›One is that you've been carrying a balance higher than 30% of your overall credit limit for too long, thus having a high credit utilization. Another reason is linked to strange spending patterns or even a suspicion of identity theft. It's best to call the bank and find out why this happened.
Which credit bureau does Home Depot pull from? ›What credit bureau does Home Depot use for business credit? Home Depot pulls from three major credit bureaus for all of their credit approvals: Equifax, Experian, and TransUnion.
What score do you need for a Lowes credit card? ›The credit score that you need for the Lowe's Store Card is 640, at a minimum. That means people with at least fair credit have a shot at getting approved for this card.
What is code 25 on Home Depot credit card report? ›The customer's card issuer does not recognise the credit card details. The customer should check the card information and try processing the transaction again.
Can I pay a credit card with a credit card? ›Suppose you have high-interest balances on one or multiple credit cards and you're looking to consolidate at a lower APR. You might be asking yourself, "Can you pay off a credit card with another credit card?" In short — yes, you can pay a credit card off with another credit card, there's more than one way to do it.
Can I go over my Home Depot credit limit? ›Unfortunately, you cannot go over your Home Depot® Credit Card credit limit. If there is not enough credit available on your card, the transactions will simply be declined.
Can I use my Home Depot 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. The Home Depot® Credit Card is a store credit card and it can only be used at Home Depot stores and through the Home Depot website.
Can I get a Lowes card with a 600 credit score? ›What credit score do I need for a Lowe's card? You'll likely need a fair, good, or excellent credit score to qualify for the Lowe's credit card. Fair credit scores typically start around 600. Good scores start around the high 600s, and excellent scores start around 800.
Do you get 10% off when you use your Lowes card? ›Valid for purchases in Lowe's US stores and on Lowes.com. 10% discount will be applied after any other applicable discounts. Can't be combined with the 5% Off Every Day offer, Special Financing or any other offer that states it can't be combined with any credit discount offer.