Home Depot Credit Card: Review

Many people dream about building a house or repairing their old apartment. As we know, such things require substantial financial investments.

To solve this problem, you can apply for the Depot consumer credit card. Home Depot is an American retail company selling construction, building, and household goods.

As you can guess, a Depot credit card is a shop card that can be used only within one company. To know whether Home Depot credit services are for you, let’s look at the offered loan terms and conditions!

Home Depot Consumer Credit Card: General Overview

This consumer credit card can boast of many customers. However, most claim that the card’s rewards rate is too simple. Anyway, Home Depot consumer credit cards can become beneficial for Home Depot in-store purchases.

Home Depot consumer credit is an excellent alternative for spending more than $299 on home improvement purchases. As a cardholder, you can use a 6-month promotional period for home improvement purchases. During this term, you will pay off your debt with deferred interest. If you forget to cover your financial obligations within a specified period, you will be charged deterred interest from the purchase date.

You can also get up to 24 months of interest-free credit during special financing offers. This fact makes the Depot consumer credit card an excellent solution for those who struggle with credit and don’t have an excellent credit history.

If you need a more considerable sum, opt for ​​Home Depot Project Loan. It allows loans between $2,500 and $55,000 and up to 7 years for repayment. The project loan option offers quick and reliable financial services but charges relatively high interest. Alternatively, you can use some cards in the list of the best credit cards in Canada.

Reward Rates

The Depot Consumer Credit Card doesn’t have a rewards rate. Home depot consumer credit doesn’t have cash back, bonuses, gift cards, or other rewards. This disappointing fact often makes customers opt for other alternative options.

In such a way, you cannot return the money spent on Depot purchases. It means that you can benefit only from special financial offers.

Annual Fee

Luckily, there are no annual fees for running a Home Depot account. The annual fee is the amount a financial institution charges a cardholder for using its credits. It may seem like an entirely beneficial offer, but you shouldn’t lose your vigilance.

You will face high interest if you don’t recover your credit line during the 6 months special financing period. Such things can make you trapped in a vicious circle. No annual fee solution is beneficial only if you don’t have late fees.


The annual percentage rate is the amount you need to pay additionally for the borrowed sum per year. A regular APR depends on the borrowers’ creditworthiness and ranges from 17.99% – 26.99%.

Intro APR is a kind of introductory rate for new clients. Home depot consumer credit sets zero APR for a 6-month term for purchases of $299. Balance transfers are also free from interest.


New clients get up to a $100 discount on purchases made within the first month. Like most store cards, depot consumer credit card is available for purchases made in-store and on the Depot website. So, how much can you save depending on the amount you spend?

  • $25 for spending $25-$300;
  • $50 discount on $300-$999 purchases;
  • $100 for at least a $1,000 single-receipt purchase.


This credit card doesn’t have a traditional bonus system. However, it presents special offers to its clients from time to time. Sometimes, the card issuer offers 5% back on some types of purchases in the form of a statement credit. If you don’t want to miss an appealing opportunity, visit the Depot website regularly.

Pros and Cons of Home Depot Credit Card

Before applying for a Depot card, consider this credit card’s strong and weak sides. Only when the benefits outweigh the drawbacks is there a sense of opening a Depot online account. So, let’s consider some of the most significant pros and cons.


1. No-interest introductory period

New cardholders can use zero interest charges for 6 months for purchases of $299. If you are lucky enough to catch a special period, you can access such an offer for 2 years (for a more significant purchase).

2. In-store discounts

Depot presents special promotions for its clients from time to time. As mentioned above, new customers can receive up to a $100 discount within the first 30 days. Ongoing rewards depend on the amount you have spent.


1.No rewarding system

This card doesn’t provide cash back or bonuses for your purchase. Since many other lenders offer such features, this card loses points.

2. Deferred interest rate

It is essential to understand that you are not charged interest only during a specific period. You won’t pay interest if you fulfill your financial obligations. At the same time, if you miss payments, the Depot card will charge interest going back to the purchase date. Make sure you understand how it works not to pay high interest for simple finance purchases.

How Do You Apply For a Home Depot Credit Card?

There are no harsh requirements for borrowers willing to get Home Depot consumer credit. However, no one can give you a 100% guarantee you will qualify for this financial product. Before sending a card request, look at your credit score and income. You should have at least 700 points.

You can get a Home Depot credit card by visiting the nearest Home Depot store or via your account. (log in using user ID) To make it from home, find a Citibank application page and click the “Apply Now” button.

Fill in the application form and provide a valid phone number, email, Social Security number, financial data, and bank account information. Check the agreement conditions and submit your application. Please wait for a notification from Home Depot and go to its nearest shop to receive a temperate discount coupon.

If you want to complete the credit card request face-to-face, visit the Special Services desk. The company’s employees will help you manage this issue. If you have additional questions, call 866-875-5488 or another Relay Service. (customer service line)

How Will This Affect Your Credit Score?

The Depot card is an excellent option for people with a bad financial reputation or who are currently building their credits. The company conducts a soft credit inquiry. This type of credit check is harmless to your score and won’t bother you.

A soft credit check is considered the best option when compared with harsh inquiry and no credit check (they usually come with a high APR).

How To Make a Home Depot Credit Card Payment

Below, you will find the most popular Depot consumer card payment options. With these cards, you can easily make a purchase from home or offline. This fact makes it an excellent option for the representatives of all generations.


Since we live in the era of mobile web development, you can use the Depot application. Its interface is easy to understand and navigate. To pay for goods, you need to create a personal account to get exclusive offers and activate account alerts.


If you want to buy things via mobile phone, call the number on the back of your card or (866) 875-5488. It is the main customer service line number. The working hours are between 6 a.m. and 1 a.m. EST from Monday to Saturday or between 7 a.m. and 12 a.m. EST on Sundays.


Last but not least, you can send your payments to the Home Depot credit card payment address. It works analogically with payments via mobile apps.

Payment Addresses

If you need to make payments, you can use the following payment addresses:

  • The Home Depot® Commercial Revolving Charge Card Payments
  • The Home Depot Credit Services
  • P.O. Box 9001030
  • Louisville, KY 40290-1030

Alternatives to Home Depot Credit Cards

As you can see, Depot credit offers a limited bonus system. No cash back, high-interest rates, and deferred fees. These facts can make you think about other credit options.

If you have a high credit score, consider the Wells Fargo Active Cash Card with a zero intro APR for 15 months and 2% cash rewards on purchases. The Lowe’s Advantage Card is another shop credit card that offers an automatic 5% discount on eligible purchases online and offline.

All in all, it is better to investigate the financial lending market carefully, consider both advantages and disadvantages, and only then make any decisions. Credit counselors are always ready to help you!


The Consumer credit card limit is $299. The Home Depot Project Loan gives cardholders an extremely large credit line that is up to $55,000. A client has 6 months to make a purchase and nearly 9 years to repay it.

Shop credit cards are issued by a bank but can be used only at specific stores. Some cards can be used for buying things from a group of retailers, others are available only in one store.

Home Depot credit card allows balance transfers. It means that such an option is possible. If your second card also offers these services, you can use them to repay your debt.

No, since it is a shop credit card issued by Citibank it can be used only for purchases at this store. If you don’t buy things from Home Depot, look for other financial solutions.