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APRN/A. All charges are due and payable by the payment due date shown on your billing statement. Reward rates Every $1 spent on your card counts as $4 for purposes of earning Perks. When you click through from our site to a retailer and buy a product or service, we may earn affiliate commissions. This helps support our work, but does not affect what we cover or how, and it does not affect the price you pay. Neither ZDNET nor the author are compensated for these independent reviews. Indeed, we follow strict guidelines that ensure our editorial content is never influenced by advertisers.
Home Depot does not list credit requirements, but the cards are best suited for those who have fair credit scores or better. Those without a substantial credit history can be subject to personal guarantees on commercial accounts. The Home Depot credit card does not offer any cash back or related rewards. It does offer zero interest for six months on purchases above $299.
How Do I Apply For a Home Depot Credit Card?
Some information and features are not available yet—but don’t worry. It may take up to 3 business days for your full online experience to be ready. We believe everyone should be able to make financial decisions with confidence. Personal finance is about managing your budget and how best to put your money to work to realize your financial independence and goals. Andrew T. Schmidt is a compliance professional with 20 years experience in the financial services industry.
Establishing and maintaining a business credit history gives businesses more financing options. There are two disadvantages to consider with the commercial Home Depot credit options. First, unlike some retail credit card options, the credit cards can only be used for Home Depot in-store or online purchases. Second, there are no cashback rewards on purchases that are common in many other credit options. Since most charge cards require businesses to pay balances off in full every month, many allow businesses to make purchases without predetermined credit limits.
Credit Card Paperless Statements and E-Communications Authorization
That is why we require you to use a browser with 128-bit security encryption to proceed with your application. This protection helps to ensure that the information you send and receive will remain confidential. Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money. For comparison, the average APR for accounts that incurred interest in 2018 was 16.04%. Difference between deferred interest and a true 0% intro APR offer. The former merely "sets aside" interest, while the latter waives it for a period of time.
Before choosing a Home Depot credit card, consider why you want or need a credit card from Home Depot. If you’re a business owner and need to load up on supplies for a specific building project, one of the Commercial or Pro accounts might provide more benefit to you. Each commercial credit option allows additional cards for employee purchasing. For example, the Pro Xtra offers authorized user cards for employees to make purchases using the commercial account. The Commercial Account card allows business owners to set spending limits and apply for up to four buyer ID cards to allow employees to make purchases.
Itemized statements and purchase tracking
If your email address changes, please update it through account online or call us at the number on the back of your card. As with most store cards and most credit cards a hard credit inquiry is run in order 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. Prequalification or preapproval are not guarantees of approval for any credit card or loan.
As with most store credit cards, the credit needed is generally fair to good. If you choose to receive legal notices and statements electronically and then want a paper notice, call us at the number on the back of your card and we will mail it to you. Still, unlike many store-branded credit cards, there are no ongoing rewards for in-store purchases. Other than the special offers, don’t expect any perks like rewards points or cash back with this card. If you use a credit card responsibly, a card that offers cash back or rewards points might be a better option than a store card unless the promotional offers are appealing to you.
He holds an MBA from DePaul University and is a Certified Anti-Money Laundering Professional. Andrew has led the US-based compliance efforts for some of the world’s largest and most prestigious banks and enjoys a reputation as a strong leader and subject matter expert. Tim enjoys researching and sharing his knowledge on the topics of banking, retirement and medicare through his writing. We reserve the right to terminate the alerting service, in whole or in part, at any time without notice. The information in any alert may be subject to certain time lags and/or delays. The types and timing of your alerts will be managed by you, and the alerts may be stopped or suspended by you at any time.
Performance information may have changed since the time of publication. 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, a credit check will be run before approval is granted and approval is not guaranteed.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. There is a limit of 20 gallons of fuel per purchase per vehicle, and use is restricted to participating gas stations. Every $1 spent on your card counts as $4 for purposes of earning Perks.
If you do not wish to enroll, choose Cancel and deselect the Paperless Letters checkbox. Home Depot's two card options are its Pro Xtra Credit Card and its Commercial Account Card. Each card provides special financing offers for businesses, and each allows cardholders to take advantage of Home Depot's loyalty program for professionals . Credit line allowances are based on personal creditworthiness, so credit lines can vary from cardholder to cardholder. The requirements for the Home Depot card are not laid out, but note, the credit requirements are generally more lenient for store cards versus regular credit cards.
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