Home Depot Credit Card Review 2025: Benefits, Application Process & Comparison
The Home Depot Credit Card offers homeowners and contractors flexible financing options for their home improvement projects. This comprehensive review covers the card’s benefits, application process, interest rates, and a comparison with Lowe’s credit card to help you decide which is best for your needs.
What Is the Home Depot Credit Card?
The Home Depot Credit Card is a store-branded card issued by Citibank, designed for purchases exclusively at Home Depot stores and online. It provides special financing options and promotional discounts, making it a valuable tool for those undertaking significant home improvement projects.UpgradedPoints.com
Key Benefits of the Home Depot Credit Card
Special Financing Offers
- Deferred Interest Financing: Enjoy 0% interest for 6 months on purchases of $299 or more. If the balance is not paid in full by the end of the promotional period, interest accrues from the purchase date. WalletHub+1Forbes+1
- Promotional Discounts: New cardholders can receive up to $100 off a qualifying purchase within the first 30 days of account opening. The Home Depot+1WalletHub+1
No Annual Fee
The card comes with no annual fee, allowing users to maintain the account without additional costs.WalletHub+3WalletHub+3Ehelper Team+3
Extended Return Policy
Cardholders benefit from an extended return period of up to 365 days on purchases made with the card, providing added flexibility.
Interest Rates and Fees
- APR: The regular Annual Percentage Rate (APR) is 29.99%, which is higher than average. It’s crucial to pay off balances within the promotional period to avoid interest charges. Newsweek+1WalletHub+1
- Late Payment Fee: Up to $40.WalletHub
How to Apply for the Home Depot Credit Card
Eligibility Criteria
- Credit Score: A minimum credit score of 640 is recommended for approval.
Application Process
- Online Application: Visit the Home Depot Credit Center and select “Apply Now” to complete the application.The Home Depot
- In-Store Application: Apply at any Home Depot store by visiting the Special Services Desk.GOBankingRates
Note: Pre-qualification is available online and does not impact your credit score.UpgradedPoints.com+2WalletHub+2The Home Depot+2
Managing Your Home Depot Credit Card
- Online Account Management: Access your account through the Citi Retail Services portal to view statements, make payments, and manage account settings.Citi Retail Services+2Citi Retail Services+2Citi Retail Services+2
- Payment Options: Payments can be made online, by phone, or by mail. In-store payments are not accepted. UpgradedPoints.com
Home Depot Credit Card vs. Lowe’s Advantage Card
| Feature | Home Depot Credit Card | Lowe’s Advantage Card |
|---|---|---|
| APR | 29.99% | 31.99% |
| Special Financing | 6 months on purchases of $299+ | 6 months on purchases of $299+ |
| Everyday Discount | None | 5% off eligible purchases |
| Annual Fee | $0 | $0 |
| Return Policy | Up to 365 days | Up to 365 days |
The Lowe’s Advantage Card offers a consistent 5% discount on purchases, while the Home Depot Credit Card provides promotional financing options.Uthrive+3Forbes+3The Spruce+3
Pros and Cons
Pros
- Special financing options for large purchases.NerdWallet: Finance smarter+2Forbes+2MyBankTracker+2
- No annual fee.
- Extended return period.
Cons
- High APR if balances are not paid in full during the promotional period.
- No rewards program or cashback incentives.
Conclusion
The Home Depot Credit Card is a valuable tool for individuals planning significant home improvement projects, offering special financing options and extended return periods. However, it’s essential to pay off balances within the promotional period to avoid high-interest charges. For those seeking ongoing discounts or rewards, alternative credit cards may offer better value.
Frequently Asked Questions
Q: What credit score is needed for the Home Depot Credit Card?
A: A minimum credit score of 640 is recommended for approval. The Home Depot+4WalletHub+4UpgradedPoints.com+4
Q: Can I use the Home Depot Credit Card at other retailers?
A: No, it’s a store-branded card usable only at Home Depot stores and online.
Q: Does the Home Depot Credit Card offer rewards?
A: No, it does not offer a rewards program or cashback incentives.
Q: How can I apply for the Home Depot Credit Card?
A: You can apply online through the Home Depot Credit Center or in-store at any Home Depot location.The Home Depot
Q: What happens if I don’t pay off my balance during the promotional period?
A: Interest will accrue from the purchase date at the regular APR of 29.99%. Time+2WalletHub+2Newsweek+2
