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The Home Depot Consumer Credit Card

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2.5
 
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About

The Home Depot runs the largest brand of home improvement stores in the United States. They offer several different types of credit accounts depending on the nature of your business.

Their consumer credit card is aimed at people who are making a smaller purchase, but might decide to make a larger purchase in the future.

Annual Percentage Rate (APR)

0% interest for 6 months on purchases totaling $299 or more
Purchases APR: 17.99%, 21.99%, 25.99%, or 26.99% determined by credit history.
Balance Transfer APR: N/A
Cash Advance APR: N/A
Penalty APR: 29.99%
Minimum Interest Charge: $2.00
0% interest for up to 24 months, but varies per offer
Please visit Homedepot.com or see in-store for latest finance offers.

Credit Card Fees

Annual Fee: None
Late Fee: Up to $40.00

Sign-up Bonus and Benefits

Bonus Amount: $25, $50, or $100
Receive a $25 discount when you spend between $25 and $299 on your first purchase.
$50 off when you spend between $300 and $999.
$100 discount when you spend over $1000 on your first purchase.
First purchase must be made within 30 days of opening an account.
  • Receive zero interest for 6 months on all transactions over $299

Resources

Apply In-Store or Online
Customer Service Phone Number: 800-677-0232 Issuer: Citibank, N.A.
Where Can I Use this Card: At any Home Depot location and over the Internet at Homedepot.com.
Pay Bill Online

Editor review

Overall rating 
 
2.5
Interest Rate (APR) 
 
2.5
Fees 
 
4.0
Rewards 
 
1.0
Steven Merkel Reviewed by Steven Merkel May 05, 2014
#1 Reviewer  -   View all my reviews (25)

Do You Recommend This Credit Card?

No
I don't recommend this credit. The only redeeming feature that they offer is no interest for 6 months if your initial purchase is above $299. That alone does not make it worthwhile, and the interest rate varies greatly between each applicant. Even if you have average credit you will more than likely end up with a rate above 20%.

There is one caveat that consumers should be aware of; the minimum interest charge is $2. For most non-store credit cards the minimum interest charge is $0.50, and although it's not an earth-shattering difference if you carry a small balance you can expect a higher monthly payment.
Customers that are making a large purchase and wish to take advantage of the no interest offer for 6 months.

Is The Interest Rate Competitive

The interest rate you are offered varies by your credit score. If you have an excellent score you will receive 17.99% or 21.99%. If you have a good to average score you can expect a rate of 21.99% or 25.99%. If you have a bad score you might not be approved for this card or you will receive the highest option of 26.99%.

How Do You Like the Rewards

This card does not come with any points or purchasing rewards, though you may receive promotional discounts or coupons in the mail or email inbox. You may use this card for free standard shipping and in-store pickup through homedepot.com, but this feature is not limited to this card. You can use any type of payment to receive free shipping. The sole benefit of this card is its no interest offer. Beware though that if you don't pay off the balance in full after the introductory offer expires you will be charged interest for the previous months.
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