Home Depot Credit Card

Home Depot Credit Card Review

This is a store credit card issued by Citi®. If you're wondering whether Home Depot credit card is the right card for you, read on.

Key Takeaways

• Signup bonus. Offers a signup bonus of up to $100 if you spend $1000.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.99% up to 26.99%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of Home Depot credit card

The Good

The Bad

Allows breathing room for large purchases Cardholders are offered a full year to make returns. 0% interest for 6 to 12 months if all bills are paid on time. Customers with a "fair" credit score are often approved, allowing for credit building with this card. No annual fee. Considers applicants with fair credit. Home Depot Credit Card reports to multiple credit bureaus.

No cash back rewards after initial purchase. Even with special financing offer, interest charges can stack up if not paid on time every month, or if not paid off by the end of the deferred-interest period. Any payment issues result in the 0% interest rate disappearing for all past and future purchases. Higher than average purchase APRs. Does not offer rewards or cash back. You don't earn rewards on every purchase. Does not include many credit card benefits.

Home Depot credit card FAQ

Does Home Depot credit card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Home Depot credit card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Home Depot credit card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Home Depot Credit Card has a variable purchase APR that ranges from 17.99% up to 26.99%.

What are the fees for Home Depot credit card?

The following fees apply:

Home Depot credit card Fees

Fees	Amount
Annual Fee	$0
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Home Depot Credit Card report your account activity to credit bureaus?

Yes, Home Depot Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Home Depot credit card

• Visit the Home Depot credit card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.