Home Depot Credit Card: What You Need To Know (2024)

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

A store credit card from Home Depot may help you manage your in-store purchases, create payment plans for large projects and present savings opportunities with exclusive promotions and offers for cardmembers. But it’s important to understand the difference between a store card, a project loan and a commercial account.

Find The Best Store Credit Cards Of 2024

Learn More

Home Depot Credit Card Benefits

Before choosing a home improvement credit card, consider why you want or need a credit card from Home Depot. If you are a new homeowner, have a variety of projects to do or rely on Home Depot frequently, The Home Depot Consumer Credit Card* is a store card with special financing options to help fund everyday household needs. If you’re a business owner and need to load up on supplies for a specific building project, either the commercial account or Pro Xtra Credit Card might provide more benefit to you.

Home Depot Consumer Credit Card

The Home Depot Consumer Credit Card* is a store card, meaning it can’t be used outside of Home Depot. The card offers six months of special financing on purchases of $299 or more. No interest is charged if the purchase is paid off within the special financing period but deferred interest is charged from the date of purchase if the purchase is not paid off in full. Longer financing periods are also periodically offered during special promotions.

The card also offers zero liability protection for any unauthorized charges to the account and cardmembers can enjoy the added benefit of a full year to make returns on purchases—four times the limit on Home Depot’s regular return policy.

Project Loan

Whether a professional or a homeowner working on a personal project, the Project Loan card offers a six-month period to purchase Home Depot materials with loan values up to $55,000. For those who need some flexibility in paying off purchases, the Project Loan option offers fixed low monthly payment options and requires no annual fees.

Review the specific loan agreement to verify your annual percentage rate (APR), as the APR you receive will be based on your creditworthiness.

Pro Xtra Commercial Revolving Charge Card

Specifically for Home Depot’s professional customers, the Pro Xtra Commercial Revolving Charge Card allows authorized employees to use the card for company purchases at any U.S. Home Depot store location. As a Pro Xtra program member, users of the Commercial Revolving Charge Card qualify for the Pro Xtra Perks benefit and a handful of other benefits, including the potential to earn discounts on paint and other products.

Every dollar spent with the card counts as $4 for purposes of earning rewards to be used toward ProXtra Perks which, subject to terms and conditions, may include tool rental perks and Pro Xtra Dollars, which can be redeemed in store for qualifying merchandise and services.

Note that this program involves minimum spending thresholds and a maximum number of perks you can earn on the card, though the program terms and conditions lack specifics, instead pointing to the members’ MyAccount pages.

Commercial Account

For professional customers in need of a commercial account, Home Depot offers a Commercial Account card without many of the Pro Xtra program perks. Commercial accounts are not credit card accounts.

A commercial account allows authorized users to make charges to the card on behalf of your business by issuing buyer ID cards to each user. Employers can also set spending limits and receive detailed spending info to keep track of all purchases. Though payments must be made in full within 60 days of purchases on this card, there is an offer to receive a 2% early pay discount as long as payment is made online within 20 days of purchase. Users can also optimize payment plans by itemizing all invoices.

How To Apply for a Home Depot Credit Card

You may apply for The Home Depot Consumer Credit Card* and other Home Depot-branded, co-branded or store products online, but you can also apply in person at any Home Depot store. Since eligibility is based on creditworthiness, they will run a credit check before approval is granted and approval is not guaranteed. The card issuer will determine your purchase APR or other applicable terms specific to the product for which you apply based on your creditworthiness. You can pre-qualify on the Home Depot website to gauge the likelihood of your approval and what terms you may be given.

How Does Applying for a Home Depot Card Affect My Credit Score?

As with most store cards and most credit cards, a hard credit inquiry is run to approve applicants for Home Depot credit services. Applying for any credit product is a decision you always should make carefully, since credit checks often lower your credit score by a few points.

On the Home Depot website, you can also see whether you pre-qualify for the Consumer Credit Card, which is a helpful way to see your chances of approval without negatively impacting your credit score. However, note that pre-qualification and preapproval are not guarantees of approval for any credit card or loan.

If you are approved for The Home Depot Consumer Credit Card*, your purchases will likely be reported by the card issuer, Citibank, to the three major credit bureaus. If you practice responsible financial and credit habits, such as remaining mindful of maintaining a low credit utilization ratio, you can use this card to improve your credit score over time.

Is It Hard To Get a Home Depot Credit Card?

Citibank issues the The Home Depot Consumer Credit Card* and will perform a hard inquiry to determine your creditworthiness. Citi will collect your employer and bank information and credit bureau information to determine whether you meet its criteria and determine your credit limit.

Like with most credit cards, a good FICO Score can be the difference between being approved and being denied. A good score is typically considered to be between 670-739. If you aren’t sure if you’ll be approved, you can go through the preapproval process for the Home Depot consumer card. However, please note that preapproval does not guarantee approval.

Where Can I Use My Home Depot Credit Card?

All of the Home Depot credit cards or credit accounts can only be used at Home Depot stores or for qualifying purchases on HomeDepot.com This means these cards are “closed-loop” and cannot be used with other stores or vendors.

Is the Home Depot Credit Card Worth It?

For new homeowners or homeowners with various home improvement projects to take on, the The Home Depot Consumer Credit Card* may help you manage in-store purchases, create payment plans and find exclusive financing promotions to save money. However, it is a store card that can’t be used outside of Home Depot and doesn’t offer any rewards. Even professionals might be better served by a credit card that offers rewards or cash back on purchases.

Bottom Line

Home Depot provides a number of store credit cards, commercial accounts and project loans to help you finance purchases from its stores. Read all terms and conditions carefully before applying for any credit product and ensure you fully understand any implications to your financial situation and credit profile.

Find the Best Credit Cards for 2024

No single credit card is the best option for every family, every purchase or every budget. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers.

Learn More

Home Depot Credit Card: What You Need To Know (2024)

FAQs

What do you need to get approved for a Home Depot credit card? ›

Home Depot Credit Card Requirements

Credit score requirement: A credit score of 640+ (fair credit); Age requirement: Must be at least 18 years old. If you're under 21 years old, you must have proof of independent income or a cosigner; Residency requirement: You must be a US resident.

Why can't I get approved for my Home Depot credit card? ›

There can be several reasons why your Home Depot® Credit Card was denied. In most cases, this happens because: Your credit score is too low. You don't have enough income.

What credit score do I need to get approved at Home Depot? ›

You need a credit score of 640 or higher (fair credit or better) to get the Home Depot® Credit Card. Your income, employment status, payment history, and debt level will also be considered when you apply for the Home Depot Credit Card.

What are the approval odds for a Home Depot credit card? ›

Your Home Depot® Credit Card approval odds are good if you have a credit score of 640+, which is considered fair credit. Approval odds for the Home Depot® Credit Card will also be influenced by your annual income and existing debts.

Is a Home Depot Credit Card a hard inquiry? ›

As with most store cards and most credit cards, a hard credit inquiry is run to approve applicants for Home Depot credit services. Applying for any credit product is a decision you always should make carefully, since credit checks often lower your credit score by a few points.

What is the starting limit for the Home Depot credit card? ›

The starting Home Depot® Credit Card credit limit is $300 or more. More specifically, everyone who gets approved for the Home Depot® Credit Card is guaranteed a credit limit of at least $300.

Is it difficult to get a Home Depot card? ›

It has fairly relaxed credit requirements; we recommend fair to good credit for approval. You can get no-interest financing for as long as two years, which can help finance large home improvement projects.

Which bank issues a credit card for Home Depot? ›

The Home Depot Consumer Credit Card can only be used on purchases at Home Depot. The card is issued by Citibank and offers different financing options.

How long does it take for Home Depot credit card approval? ›

How Long Does It Take to Get Approved for a Credit Card?
IssuerHow long it takes to get approved
Home Depot Credit CardInstantly or within 14 days
JCPenney Credit CardWithin 10 business days
JetBlue Credit Card7 to 14 days
Macy's Credit CardInstantly or 7 to 10 business days
9 more rows
May 2, 2024

What bank does Home Depot use for credit? ›

The Home Depot® Credit Card is issued by Citibank. The card is intended for applicants with fair credit or better, and its key features are an introductory APR of 0% for 6 - 12 months and up to $100 off your first purchase. The annual fee is $0.

Does Home Depot do instant credit? ›

Yes, you can use your Home Depot® Credit Card instantly after approval. Once you're approved, you will receive a temporary shopping pass via email.

How hard is it to get a Lowe's credit card? ›

The credit score that you need for the Lowe's Store Card is 640, at a minimum. That means people with at least fair credit have a shot at getting approved for this card.

What credit score does Lowes require? ›

The Lowe's Advantage Card is a store credit card that packs rewards, discounts, and custom offers for frequent Lowe's shoppers. It's a great money-saving tool for those who seek to optimize their expenses on everyday items. The credit score for Lowe's card is 640, at a minimum.

How can I see if I prequalify for a Home Depot credit card? ›

Visit the Home Depot® Credit Card pre-qualification page. Enter your name, email address, phone number, and the last 4 digits of your Social Security number. Click the “Continue' button and see if you are pre-qualified.

How do I verify my Home Depot credit card? ›

To verify a Home Depot® Credit Card, call Citibank at 1-800-677-0232, visit the online card verification page or use the mobile app. Once you verify your Home Depot® Credit Card, you will be able to start using it for purchases.

Do you need ID for Home Depot credit card? ›

There are no laws stating that you must show ID when using your Home Depot Credit Card, but merchants may require some form of identification for security purposes if your card is not signed on the back.

What credit score is needed for a Lowes card? ›

The Lowe's Advantage Card is a store credit card that packs rewards, discounts, and custom offers for frequent Lowe's shoppers. It's a great money-saving tool for those who seek to optimize their expenses on everyday items. The credit score for Lowe's card is 640, at a minimum.

References

Top Articles
Latest Posts
Article information

Author: Aron Pacocha

Last Updated:

Views: 6255

Rating: 4.8 / 5 (68 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Aron Pacocha

Birthday: 1999-08-12

Address: 3808 Moen Corner, Gorczanyport, FL 67364-2074

Phone: +393457723392

Job: Retail Consultant

Hobby: Jewelry making, Cooking, Gaming, Reading, Juggling, Cabaret, Origami

Introduction: My name is Aron Pacocha, I am a happy, tasty, innocent, proud, talented, courageous, magnificent person who loves writing and wants to share my knowledge and understanding with you.