With the pandemic, everything changed. Our lifestyles and everyday routine, so no wonder why many people decided to remodel their homes. If you’re one of them, you should know how to get a Home Depot card because it will bring you many benefits and make the purchasing process in one of the largest home improvement retailers a breeze.
Applicants can get a Home Depot store credit only if they have fair credit like all other store credit cards. Also, their residency has to be in the US, and you can apply online or in-store. This makes it a bit easier to get than the average general-purpose credit card.
If you’d like to learn more about this type of card, keep reading. I’ve gathered some important things you should know about Home Depot credit cards.
If you want to make Home Depot purchases more efficiently, you should get their credit card. You can do it quite easily, online or in person. Then you have to wait for the approval time, which is more or less about 14 days. However, you should know that these cards aren’t associated with other major card networks, like Mastercard or Visa.
The chances of being approved have much to do with your credit score. But, know there’s an easier way to do it. There’s a pre-qualification tool at Home Depot you can use to check if you can apply for their consumer credit card. This is a ‘soft’ and quick check, and it won’t affect your credit score.
Frequent Home Depot visitors wonder whether a Home Depot card is a credit card. Know it’s an entirely normal question since numerous companies offer different cards nowadays. So, thiscard is a credit one that can be used only for Home Depot purchases. And there are two super easy methods to apply for it. The first one is via the Home Depot website. Go to the Home Depot credit center and click on the “Apply now” button. Proceed with entering your personal information:
- Full name,
- Physical address,
- Email address,
- Date of birth,
- Social Security number,
- Phone number,
- Financial information.
After all the necessary information is added, read all terms and conditions and check the ‘Agree’ box. After the approval period, you’ll get a confirmation with a credit limit.
If you’re more into going to the nearest store and getting your credit card, know it’s possible too. You just need to find the Special service desk and tell them you want to apply for this card. And pretty much like for the online application, you’ll have to fill out the document with the same information and wait to be approved.
Once you realize that the Home Depot is legit, you’ll surely want to know what their credit card can bring you. So, if you’re planning a bigger DIY project or an unexpected purchase at Home Depot, check all the good sides of Home Depot credit cards and make the numbers work for you.
|Long-term financing||Up to 24-month financing options during special promotions. So, the more you spend, the longer you have to pay them back.|
|Deferred interest options||No interest if paid in full within six months on purchases of $299 or more, and this offer is available every day of the year.|
|Hassle-free returns||Four times longer return period – card members have one year to return purchased items.|
|Receive online receipt||You’ll get a receipt to your mail address if you don’t have a card when making a purchase.|
|Rewards and discounts||Free stain, and for some pavilions, pergolas, sheds, and garages, there’s 5% statement credit.|
|No annual fee||You won’t have to pay an annual fee, and minimum monthly payments start at $25.|
What Should You Know About Home Depot Credit Cards?
Before applying for the Home Depot credit card, you should definitely know that there are consumer credit care and project loan credit cards. The consumer card is issued by Citibank. It’s great if you want to buy something at Home Depot on credit or you’re buying something big with a special financing offer.
When it comes to deferred financing, you should be aware that you have to pay off every penny on time. Fortunately, you have six months to pay off a purchase, and you won’t be charged any interest if you do so. But, if you get to the end of that six months and you don’t pay off every penny, you’ll be charged all the interest from the date of purchase as if the zero percent rate never existed.
When it comes to bigger projects, many would ask themselves if Home Depot is expensive. If you consider their project loan offer, it will be more than just a good deal. Cardholders will be allowed to borrow up to $55,000 if planning a bigger improvement project. Include a relatively low APR that’s 7.99% for up to seven years (84 months). So, this is quite a deal for projects like bathroom or kitchen remodeling and customers that don’t have lower APR loans somewhere else.
Depending on your credit situation, a Home Depot credit card could be a very appealing option. If you’re visiting a Home Depot store on a regular basis, like I do, then having a card like this will mean a lot. Especially because you can apply in just a few steps online on their website or simply go to the nearest store and ask for the application.