Home Depot Credit Card Review

Home Depot Credit Card is a store credit card issued by Citibank. If you're wondering whether Home Depot Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Signup bonus. Offers a signup bonus of $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 stand a chance of qualifying if your credit score is not below 640.

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. 0% APR on new purchases during the first 12 months. No annual fee. 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.

Is there a Home Depot Credit Card cash back or rewards program?

No, Home Depot Credit Card does not offer a rewards program.

What are the relevant APRs for Home Depot Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Home Depot Credit Card has higher than average purchase 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 to Home Depot Credit Card:

Home Depot Credit Card Fees

Fees	Amount
Annual Fee	$0
Late Payment Fee	up to $39

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.