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Generally, store credit cards aren’t known for offering the best value, thanks to their high APRs. But for true Home Depot fans, the Home Depot card makes sense. Without that annual fee and some extra time to pay off bigger home improvement purchases, it’s almost a no-brainer for regular shoppers. The Home Depot Credit Card is one of a few big brand-name home improvement credit cards out there. Home Depot’s Consumer credit card is a store-branded card issued by Citibank, which restricts cardholders to only make purchases at Home Depot locations and online at HomeDepot.com. While this credit card doesn’t come with any rewards to earn, it enables the cardholder to earn a few valuable perks and offers special financing for items at Home Depot.
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Where Can I Use My Home Depot Project Loan Card?
However, the Capital One Walmart Rewards is more forgiving if you happen to make a late payment given that there is no penalty APR . Your home renovation projects will be better suited for the Home Depot card, since you’ll get substantial financing options there. However, if you want to add groceries and reward earnings to your list of musts in a credit card, the Capital One Walmart Rewards is one of your best bets on the market. As you can see, the Home Depot Consumer Credit Card and the Home Depot Project Loan card are essentially designed to offer special financing options for small and large home purchases, respectively.

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. If you need tofinance a home improvement project, a Home Depot project loan may be worth exploring for a large amount at a competitive fixed rate.
How Do You Apply For a Home Depot Credit Card?
To keep the application process quick, work with your Home Depot representative to get financing set up. This service looks beyond your credit score to get you a competitive-rate personal loan. When submitting your application please provide us with second e-commerce type product ad videos that you have created in the past for us to review.

The Home Depot Credit Card is best for building credit or financing short-term home improvement projects. What you miss in form of rewards are well made up for through other benefits such as 60 days of price protection, purchase protection and an extended warranty up to one year. Besides these benefits, this card can be used at all locations where MasterCard is accepted. As a MasterCard holder, you also gain access to travel benefits like Travel Accident Insurance, Roadside service assistance and MasterAssist travel assistance. While you may be tempted to request a large line of credit, not having a credit profile in good standing will make it difficult to be approved. Mar 1, 2022The downsides of a Home Depot Project Loan are apparent.
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But others complain of high rates above 20% — which isn’t a problem for Home Depot Project Loans — and problems with its payment processing system. Although it does require a high credit score, there are monthly payment options available and no early repayment penalty. You have the option to make early repayments of your project loan, but you will be required to make monthly fixed payments. These are the annual percentage rates at which you can choose to pay your loan back in. How much money do you need to pay back, depends on how much money you took as a loan from Home Depot. But keep in mind that the Annual percentage rate or the interest rate is fixed according to the plan you choose.

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Depending on whether you want cashback for using the credit card, accumulating travel points that can make your next vacation as fun as possible, or luxurious sign-on bonuses ... There is no annual fee for this card and it does not have any usage restrictions such as in-store or online purchase. When applying for the Home Depot Project Loan Mastercard, you’ll need to request a specific estimate of costs to complete your home project. As a best practice, you’ll want to only request what you’ll need to finish the project. As you can see, Depot credit offers a limited bonus system.

These facts can make you think about other credit options. 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. The Depot card is an excellent option for people with a bad financial reputation or who are currently building their credits. This type of credit check is harmless to your score and won’t bother you at all.
The project loan option offers quick and reliable financial services but charges relatively high interest. As alternative you can use some cards in the list of the best credit cards in Canada. If your application is approved, Home Depot issues a Project Loan credit card that you can use for online and in-store purchases.
I have not tried lowes but don't want anymore hard pulls on my credit. I do know that Home Depot pulled my experian report and last time I checked my credit with experian it was 718. I want the following sections instead of “hotel retail and home services”. For Retail, I want the background to be mattresses to show mattress stores.
There are also a couple of other primary perks on this card to note. As an incentive for new cardholders, the Home Depot card offers a small sign-up bonus, but it’s less than what many similar cards offer. What new cardholders do get is a discount of $25 to $100 off their first purchase, depending on the amount spent.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Popular home improvement retailer Home Depot offers several credit cards that earn rewards for purchases. We’ll discuss the benefits and drawbacks of each card, and cover the and coverage offered by each of these cards. If you don’t want to mail checks, then you also have the option to repay the loans online.