Rewards Plan
Welcome Bonus
Credit Rating
0% Intro
Annual Fee
APR
- Special Finance Promotions
- Special Discount Offers
- No Rewards
- Modest Welcome Offer
Rewards Plan
Welcome Bonus
0% Intro
PROS
- Special Finance Promotions
- Special Discount Offers
CONS
- No Rewards
- Modest Welcome Offer
APR
17.99% - 29.99%
Annual Fee
$0
Balance Transfer Fee
N/A
Credit Requirements
Fair - Good
In this Review
Although the Home Depot credit card does not have wide usability or ongoing rewards, it does have some nice features, particularly for frequent shoppers. The extended no hassle returns and potential to defer payments are attractive.
If you're looking for a no-annual-fee card that offers ongoing rewards, there are plenty of options that might be more appealing than the Home Depot credit card. Even basic rewards cards can provide 1% cash back and come with a 0% APR introductory period, which could be a better deal overall.
So, unless you are highly brand loyal to Home Depot and would get a great deal of value from the deferred interest feature and exclusive discounts or promotions, you are likely to find that other reward credit cards are a better fit for you.
- Deferred Interest
- Special Finance Promotions
- Hassle Free Returns
- Special Discount Offers
- Zero Liability
- No 0% APR Intro Period
- No Rewards
- Modest Welcome Offer
How do I redeem rewards?
There are no rewards offered with this card to redeem.
How hard is it to get a Home Depot credit card?
It is fairly simple to get the Home Depot credit card. You can qualify with fair credit, so unless you have particularly bad credit, you should not have any problems.
When it may not be a good idea?
This card is not a good idea if you lack the discipline to pay off outstanding balances within the six month deferred interest period. It is also not the right choice if you want a credit card that you can use outside of the Home Depot brand.
Pros and Cons
Just like any other credit card, the Home Depot credit card has some advantages and disadvantages:
Pros | Cons |
|---|---|
Deferred Interest | No 0% APR Intro Period |
Special Finance Promotions | No Rewards |
Hassle Free Returns | Modest Welcome Offer |
Special Discount Offers | |
Zero Liability |
- Deferred Interest
The primary benefit of the Home Depot credit card is that you can enjoy six months of deferred interest if your purchase amount is $299 or more. However, this is not the same thing as a regular 0% introductory APR.
It is important that you pay off the card balance completely before the end of the six month promotion, or you will incur interest charges that have accrued over that period.
- Special Finance Promotions
Periodically, Home Depot offers its card holders special finance promotions, where you can qualify for up to 24 months of financing where you can enjoy a promotional rate or a deferred interest deal.
- Hassle Free Returns
As a card holder, you can enjoy a longer returns period of up to one year, which is four times longer than the standard company policy.
This could be beneficial for frequent shoppers or if you’ve made a larger purchase that you regret later.
- Special Discount Offers
Card holders may also qualify for special discount offers and deals throughout the year. These are above and beyond the standard sales promotions offered to all customers.
- Zero Liability
This is a fairly standard feature, but in the age of internet fraud, it is nice to have the reassurance that you won’t be held liable for any unauthorized charges on your account.
- No 0% APR Intro Period
While card holders can enjoy deferred interest, this is not the same as a genuine 0% APR promotion.
If you fail to clear the balance within the six months, you will incur all of the interest charges that have accrued on the initial sum.
- No Rewards
One of the most common reasons to get a branded credit card is to earn rewards for the brand’s loyalty program.
However, apart from the benefits we’ve discussed above, there are no ongoing rewards with this card.
- Modest Welcome Offer
If you’re planning on using your new card to make a significant purchase, you may be disappointed with the welcome offer.
If you’re spending over $1,000, you’ll only receive a $100 discount. Whether you spend $1,000 or $5,000, you’ll get the same discount.
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Who is the Home Depot Card Best For?
Since this is a branded credit card that is essentially a store charge card it is best suited to frequent shoppers at Home Depot. If Home Depot is your go-to store, you are likely to appreciate the longer hassle free returns period and the deferred interest when you spend over $299.
The card could also be a good option for those who don’t want the temptation of a credit card that can be used anywhere. The Home Depot card can only be used with the brand, minimizing the chances of running up a large balance with general purchases.
If you are looking for an alternative co-branded, store card – here are some options:
Card | Rewards | Bonus | Annual Fee | |
|---|---|---|---|---|
| 1% – 3%
3% cash back at Apple and select Apple pay partners. 3% Daily Cash back at Ace Hardware, Duane Reade, Exxon, Mobil, Nike, Panera Bread, T-Mobile, Uber, Uber Eats, and Walgreens. 2% on other Apple pay purchases, and 1% on all other purchases
| N/A
N/A
| $0 | |
| 2X – 5X
spend $1,200 or more annually to get 5X points per dollar on purchases made at Macy's, 3X points if you spend $500 to $1199 and 2X points if you spend up to $500. Also, get 3X points at restaurants including delivery, 2X at gas stations & supermarkets and 1 point per $1 spent everywhere else
| 30% discount
30% discount on Macy's on the day you are approved and the following day, up to $100
| $0 | |
| 1% – 5%
5% back on Sears + 5% eligible gasoline purchases, 3% back on grocery stores and restaurants (limited to the first $10,000 of qualifying payments, then 1% thereafter), plus 2% back when used at eligible merchants such as Sears or Kmart, and 1% on all other purchases
| None | $0 | |
| 1% – 5%
5% off at Target and target.com, 2% on dining and gas purchases and 1% everywhere else outside of Target
| None
None
|
$0 | |
| 1-4%
4% cash back on on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter, 3% cash back on restaurants and most travel purchases, 2% cash back at Costco and Costco.com, 1% cash back on all other purchases
| None
| $0 ($60 Costco membership fee required)
$60 Costco membership fee required
| |
| 1-5%
5% back on Amazon.com, Amazon Fresh, Whole Foods Market, and Chase Travel purchases. Plus, you’ll get 2% back at gas stations, restaurants, and on local transit, and 1% on all other purchases
| $200
$200
| $0 ($139 Amazon Prime subscription required)
$139 Amazon Prime subscription required
| |
| 1-5%
5% cash back at Walmart.com (including pickup and delivery), 2% cash back in Walmart stores and gas stations, at restaurants and on travel plus 1% cash back everywhere else Mastercard is accepted
| 5%
5% cash back for the first 12 months when you use your card with Walmart Pay for in-store purchases, upon approval
| $95 |
Tips for Using the Home Depot Card
Although the Home Depot credit card is quite simple, there are still a few tips that can help you to maximize its value. These include:
-
Plan For Your Repayment
While six months of no interest is a great perk, you’ll face significant interest charges if you don’t pay off the balance in full by the end of the promo period.
It's important not to just make the purchase and forget about it. Be sure to have a plan in place to pay off the balance before the six-month period ends.
-
Use Your Card For All Home Depot Purchases
While you can only enjoy deferred interest on purchases over $299, there is still some benefit to making smaller purchases with your card; a preferential returns policy.
You’ll have up to one year hassle free returns on all purchases made with your card.
-
Watch Out For Special Promotions
If you plan on making a large purchase, it can be a good idea to watch out for special promotions. These are available throughout the year for cardholders and potentially save you money.
So, if you’re not on a tight schedule, consider holding out for the next promotion.
FAQs
What are card income requirements?
There are no official income requirements specified for the Home Depot credit card. Although your income will be evaluated, it is not the only factor that will be considered when an approval decision is made for your application.
Can I get pre-approved?
Yes, Citibank does offer pre approval for this card. This allows you to check to see if you can qualify for the card without any impact on your credit. You can do this by following the link on the Home Depot credit card webpage.
Does the card provide travel insurance?
Unfortunately, the card does not offer any additional insurance coverage including travel insurance.
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