In this Home Depot credit card review, we’ll explore the various features, benefits, fees, and interest rates of the card. Is it worth applying for? Let’s find out.
Introduction:
Are you a DIY enthusiast or a homeowner looking to spruce up your living space? If so, you’re probably already familiar with Home Depot, one of the largest home improvement retailers in the world. Did you know that Home Depot offers its own credit card, which can help you earn rewards and save money on your purchases? In this Home Depot credit card review, we’ll take a closer look at the card to help you decide whether it’s worth applying for.
What is the Home Depot Credit Card?
If you’re a frequent Home Depot shopper, you might be wondering what the Home Depot credit card is all about. In a nutshell, it’s a store credit card that can be used to make purchases at Home Depot. But, as we’ll see, it comes with some unique features that can make it a worthwhile choice for certain types of shoppers.
Read These Blog Also:
Capital One VentureOne vs. Bank of America® Travel Rewards Credit Card
Capital One VentureOne Card vs. Capital One Venture Rewards Credit Card
The Home Depot Personal Cards at a Glance
| The Home Depot Consumer Credit Card | The Home Depot Project Loan | |
| Main Benefits | 6 months financing on purchases of $299+Up to 24 months financing during special promotionsSpecial discount offers1-year returns$0 liability for unauthorized chargesSign-up bonus for new accounts | Credit lines up to $55,0006-month buying window84 months to pay off purchases (no pre-payment penalty) |
| Annual Fee | $0 | $0 |
| APR | 17.99%, 21.99%, 25.99%, or 26.99%, based on creditworthiness | 4 tiers with term and APR subject to qualifying credit approval: 66 monthly payments at 7.42%78 monthly payments at 12.86%90 monthly payments at 16.24%114 monthly payments at 19.96% |
| Late Fee | Up to $40 | Up to $40 |
Home Depot Credit Card Features
Here are some of the features of the Home Depot credit card:
- Zero Annual Fee: Unlike many other credit cards, the Home Depot credit card doesn’t charge an annual fee. This means you can keep the card without worrying about extra costs.
- Deferred Interest: The Home Depot credit card offers deferred interest for purchases over $299. This means that as long as you pay off the balance within a certain period of time (usually six months), you won’t have to pay any interest on the purchase.
- Everyday Financing: The card also offers everyday financing options, with interest rates ranging from 7.99% to 17.99% depending on the purchase amount.
- Rewards: The Home Depot credit card also comes with a rewards program that allows you to earn points for your purchases. You can redeem these points for discounts on future purchases or even get cash back.
Home Depot Credit Card Benefits
Now that we’ve looked at some of the features of the Home Depot credit card, let’s explore some of the benefits it offers:
- 5% Discount: One of the biggest benefits of the Home Depot credit card is the 5% discount you’ll receive on all purchases you make with the card. This discount can add up quickly, especially if you’re a frequent shopper at Home Depot.
- Promotions: The Home Depot credit card also offers exclusive promotions throughout the year, such as discounts on appliances or special financing deals. These promotions can help you save even more money on your purchases.
- Online Account Management: With the Home Depot credit card, you can easily manage your account online. This includes viewing your balance, making payments, and tracking your rewards.
Home Depot Credit Card Fees
While the Home Depot credit card offers many benefits, it’s important to be aware of the fees that come with it:
- High APR: The Home Depot credit card has a high APR of 17.99% to 26.99%. This means that if you carry a balance on the card, you’ll end up paying a significant amount in interest charges.
- Late Payment Fee: If you make a late payment, you’ll be charged a fee of up to $40.
- Returned Payment Fee: If a payment is returned, you’ll be charged a fee of up to $40.
Where Can I Use My Home Depot Credit Card?
If you’re a homeowner or DIY enthusiast, chances are you’re familiar with Home Depot. It’s a one-stop-shop for everything you need to fix, renovate, or upgrade your home. And if you have a Home Depot credit card, you can make your purchases even more convenient. But where can you use your Home Depot credit card? Let’s explore.
You can use your Home Depot credit card at any Home Depot store or on HomeDepot.com. It’s also accepted at Home Depot’s affiliated stores, including:
- Home Decorators Collection
- Blinds.com
- Chem-Dry
- HD Supply
- The Company Store
- Home Depot Landscape Supply
In-store purchases
When shopping at a Home Depot store, simply present your Home Depot credit card at checkout to make your purchase. You can also use your card to take advantage of financing options, such as deferred interest and special financing.
Online purchases
To use your Home Depot credit card for online purchases, simply add the items you want to your cart on HomeDepot.com and proceed to checkout. You’ll be prompted to enter your Home Depot credit card information to complete your purchase.
Home Depot Pro Xtra program
If you’re a professional contractor or builder, you can enroll in the Home Depot Pro Xtra program and use your Home Depot credit card to make purchases. This program offers exclusive discounts, benefits, and rewards for professionals.
How to manage your Home Depot credit card account
You can manage your Home Depot credit card account online or through the Home Depot mobile app. You can check your balance, view transactions, make payments, and more. You can also enroll in paperless statements and set up account alerts.
How to apply for a Home Depot credit card
You can apply for a Home Depot credit card online or in-store. To apply online, visit the Home Depot website and fill out the application form. To apply in-store, visit any Home Depot store and ask a sales associate for assistance.
Benefits of using a Home Depot credit card
Using a Home Depot credit card has several benefits, including:
- Special financing options
- Exclusive discounts and offers
- Flexible payment options
- No annual fees
- Fraud protection
How to maximize your Home Depot credit card rewards
To maximize your Home Depot credit card rewards, consider using your card for all your home improvement purchases. You can also take advantage of special financing options and exclusive discounts to save even more.
Things to consider when using a Home Depot credit card
Before using your Home Depot credit card, consider the following:
- Interest rates and fees
- Payment due dates
- Credit utilization
- Credit score impact
- Rewards program terms and conditions
Types of Home Depot Credit Cards
There are two types of Home Depot credit cards: the Home Depot Consumer Credit Card and the Home Depot Project Loan Card.
The Home Depot Consumer Credit Card is a traditional credit card that can be used for purchases both online and in-store at Home Depot locations. It offers special financing options for larger purchases, such as 0% interest for 6-24 months depending on the purchase amount. Cardholders can also earn rewards on their purchases, such as up to 5% cashback on eligible purchases at Home Depot.
The Home Depot Project Loan Card is a type of home improvement loan that can be used for larger home renovation projects. It offers a fixed monthly payment and a fixed interest rate for the duration of the loan, which can be up to 84 months. The loan can be used for purchases both online and in-store at Home Depot locations, and there are no annual fees or prepayment penalties.
Both types of Home Depot credit cards have their own unique benefits and can be a good option depending on your individual needs and spending habits. It’s important to carefully consider the terms and conditions of each card before applying to make sure it’s the right choice for you.
How To Make a Home Depot Credit Card Payment
There are several ways to make a Home Depot credit card payment:
Online: You can make a payment online by logging into your Home Depot credit card account and following the prompts to make a payment. You can also set up automatic payments to ensure that your payment is made on time each month.
By phone: You can make a payment by phone by calling the Home Depot credit card customer service number at 1-866-875-5489 and following the prompts to make a payment. There may be a fee for using this service.
By mail: You can make a payment by mail by sending a check or money order along with your payment coupon to the address listed on your statement. Be sure to allow enough time for your payment to arrive and be processed before the due date.
In-store: You can make a payment in-person at any Home Depot store location by visiting the customer service desk and providing your credit card information. Be sure to bring your credit card with you, as well as a valid form of identification.
It’s important to make your Home Depot credit card payment on time each month to avoid late fees and interest charges. Be sure to carefully review your statement each month to ensure that you are aware of your payment due date and minimum payment amount.
Home Depot Credit Card Customer Service
If you have any questions or concerns about your Home Depot credit card, you can contact their customer service team for assistance. Here are some ways to get in touch:
- Call the Home Depot credit card customer service number: 1-866-875-5489
- Visit the Home Depot credit card customer service page on their website and send a message or chat with a representative
- Send a letter to the Home Depot credit card customer service mailing address:Home Depot Credit Services P.O. Box 790408 St. Louis, MO 63179-0408
Whether you need help with your account, have questions about your rewards program, or want to report a lost or stolen card, the Home Depot credit card customer service team is available to assist you.
Is The Home Depot Credit Card Good?
Whether or not the Home Depot credit card is good depends on your individual needs and spending habits. Here are some pros and cons to consider:
Pros:
- Special financing offers: The Home Depot credit card offers special financing options for large purchases, such as 0% interest for 6-24 months depending on the purchase amount.
- Rewards program: Cardholders can earn rewards on their purchases, such as up to 5% cashback on eligible purchases at Home Depot.
- Convenience: The Home Depot credit card can be used for purchases both online and in-store at Home Depot locations.
Cons:
- High interest rates: The Home Depot credit card has a relatively high interest rate, so it’s important to pay off your balance in full each month to avoid interest charges.
- Limited rewards: While the rewards program can be beneficial for Home Depot purchases, the rewards may not be as valuable for other types of purchases.
- Limited acceptance: The Home Depot credit card can only be used at Home Depot stores and select partner locations, so it may not be as versatile as other credit cards.
Overall, the Home Depot credit card can be a good option for frequent Home Depot shoppers who can take advantage of the rewards program and financing offers. However, it’s important to consider your individual needs and spending habits before deciding if it’s the right card for you.