Home Depot Credit Card Review (2017)

By: Brittney Mayer • November 8, 2017

Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

The Home Depot was the idea of two avid DIYers from California, who wanted to build a store that not only sold everything you would need for home improvement, but also provided associates with the knowledge and skills to help you complete any project. They realized that dream by opening the first Home Depot stores in Atlanta in 1979 — complete with the iconic orange aprons.

The brand quickly gained popularity for its huge product selection, specially trained staff, and DIY clinics and workshops, growing into a 2,200-store home improvement enterprise. Today, Home Depot is a staple for millions of handy homeowners and do-it-myself-ers, many of whom use the Home Depot Consumer Credit Card to finance their big projects and major purchases, all while earning special merchandise discounts.

Home Depot Card Overall Rating: 3.5/5.0

An infrequent occurrence in store cards, the Home Depot Consumer card offers a range of APRs, 17.99% to 26.99%, with your exact APR depending on your individual credit. While the lower end of the range is decent — particularly for a store card — and the higher end still competitive, it's not the default APR that makes the Home Depot card a popular choice for financing the wifi-enabled refrigerator or high-tech toilet of your renovation dreams.

Instead, the real perk to the Home Depot Consumer Credit Card is the special financing deals that cardholders can access right away, including special everyday financing that lets you pay no interest for six months on purchases of $299 or more. To really rev your lawnmower engine, cardholders also enjoy other product-specific and seasonal financing offers, such as special financing on air conditioner installation, with new offers throughout the year.

Home Depot Credit Card

★★★★ 3.5/5.0
  • APR: 17.99% - 26.99% as of Nov 2017
  • Annual Fee: $0
  • Rewards: Earn special financing on purchases over $299

While you won't get any cash back or points on your saws, sanders, and shovels with the Home Depot card, it does provide cardholders with unique merchandise discounts on specific big-ticket and seasonal items, like a statement credit for 25% off your new snowblower just in time for the first snow. Similar to the financing deals, these discounts change every few months.

Financing and discount deals can often be paired with Home Depot coupons for extra savings. Plus, you won't be charged an annual fee, so all those savings stay in your pocket. As an added perk, cardholders can also enjoy a super-sized return period; you'll have up to one year to make returns — four times longer than regular customers. And, as always, you can expect hassle-free returns. You won't even need a paper receipt if you paid with your Home Depot card.

Approval Requirements & Application

The Home Depot Consumer Credit Card is one of the more difficult store cards to obtain with poor credit, as it typically prefers credit scores above 650. In another departure from the usual store card, however, you can check to see if you're pre-qualified for the Home Depot card before you apply. If you don't need to pre-qualify, you can apply for your card in-store or online.

Better Cards to Use at Home Depot

For all that the Home Depot Consumer Credit Card features quality financing deals on everything from fans to French doors, it's hardly the only card on the square that offers awesome financing — and the other options can be used to purchase more than paint and plywood, to boot. If you'd rather have rewards than a period of interest-free financing (or, perhaps, both), then a cash back or travel credit card can turn your boring home repairs into a rewarding experience.

Cash Back

Other than its select big-ticket discounts, the Home Depot card doesn't offer cardholders any purchase rewards, so even your most basic 1% cash back program will likely be a boost to your bottom line — let alone the 5% or more you can score with the right bonus-category card. Plus, an open-loop cash back card can be used just about anywhere, so you can earn rewards on things like eggplants and eyeliner as easily as eye-bolts and electrical tape.

0% APR

Before you run out to pick up a Home Depot Consumer card for the fine financing, you may want to look into more useful options, like an all-purpose credit card with an introductory 0% APR offer. These deals usually extend for 12 months or longer and can be used to buy interest-free apricot ice cream as well as that roll of attic insulation. Many awesome 0% APR cards also come with rewards, so you can earn while you save.

Travel Rewards

If your home renovations have you dreaming of being anywhere but, well, home, then you may want a travel rewards credit card. With every strap, socket, and screw you purchase, you could be earning points or miles redeemable for airfare, hotel stays, and other travel expenses that can transport you from the construction zone to a four-star hotel — one with no hammers in sight.

For diligent DIYers with a big project in the works, the Home Depot Consumer Credit Card can be a functional financing option — but not much else. Anyone looking for purchase rewards, or financing that extends to more than fences and fireplaces, should consider a regular consumer credit card, instead. With options for cash back, travel rewards, and even more flexible financing, the Home Depot card doesn't hold a hard hat to the competition.

What Others Say About the Home Depot Credit Card

Despite its lack of purchase rewards, reviewers love the Home Depot Consumer Credit Card's everyday financing on everything in the store (including the kitchen sink), as well as the special cardholder discounts. On the other work glove, the low credit limits and late payment fees aren't quite as appreciated.

A review from
ValuePenguin.com says:

The Home Depot credit cards can be fantastic for those people who frequent the store and need a little bit of breathing room to pay off big purchases. The biggest downside to these cards is that they don't offer any ongoing cash back rewards, like you might find on other credit cards. While you can use the Home Depot credit cards to finance purchases, we urge readers to consider whether they should actually use them this way. Even with the special financing, the interest charges can mount up and prove financially straining over time. You should only finance big purchases that you consider to be an investment. For example, if you need to take out credit to pay for a remodeling that will increase the resale value of your home, it may be worthwhile. However, avoid the temptation to simply finance things that are of no long-term value, like a new power tool or electric saw. Ideally, those things should only be purchased once you have the capital to pay off your bill immediately at the end of the month. — ValuePenguin.com

★★★★ 4/5.0
A review from
WalletHub.com says:

I made a few purchases at different times that qualified for the 18-month, no-interest promotion. I forgot to make a payment one month, with usually means you have voided the promotional terms. I called them up, and no problem they said, no interest still applied. When the 18 months were up on one of the promotions, I didn't pay it off in full. Completely my fault, as it's clearly written on the statement in more than one spot when the due date is for each purchase. The next month I was charged the accumulated interest of $259. Sickening, considering that I was only a few dollars short, but again, my own fault. I paid the interest and made another payment on the balance of the last purchase. On the next statement, they credited my payment, PLUS they credited back the $259 interest charge. I am beyond impressed. We have recently purchased a 30-year-old home, and it's great to be able to have an interest free option to pay off all the large renovation purchases we have been making. — WalletHub.com

★★★★★ 5/5.0
A review from
CreditKarma.com says:

I applied for this card due to future renovations and took advantage of their 0% finance for 12 months but what threw me off is that I made a few small payments and the payments were not credited to my account. I called and was told there was a 15-day "hold" on my payments and then they'll credit my account. I've never heard of anything like this before, it's not like the funds have not been taken out of my account. Luckily I'm not planning on using the card or it will be an issue. Will try to use it only when they offer their 0% financing. — CreditKarma.com

★★★ 3/5.0

Is the Home Depot Card Right for You?

Overall, the special financing and exclusive big-ticket discounts can make the Home Depot Consumer Credit Card a useful choice for those who intend to do some serious demo to their current home designs. Anyone looking for cash back on compost or points for power tool purchases will be disappointed, however, and would do better to find a general credit card that is more suited to their particular spending habits.

Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

About the Author

Brittney Mayer

Brittney is a Contributing Editor for Digital Brands, Inc., where she uses her extensive research background to develop comprehensive guides and in-depth company profiles for BadCredit.org and CardRates.com. Brittney specializes in translating complex ideas into readable, engaging content for B2C and B2B audiences.