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$25
Welcome offer
$0
Annual fee
17.99%, 21.99%, 25.99%, or 26.99%
Purchase APR (fixed)
670
Recommended credit score
Annual fee | $0 |
---|---|
Welcome offer | $25 off your purchase of $25-$299, $50 off your purchase of $300-$999 or $100 off single purchase of $1,000 or more in first 30 days |
Rewards | N/A |
Purchase APR | 17.99%, 21.99%, 25.99%, or 26.99% fixed |
Balance transfer APR | N/A |
Minimum credit score | 670 |
Issuer | Store card |
Review by
Kevin Joey Chen was a credit cards, banking and investments writer for Finder. His work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com.
The Home Depot Consumer Credit Card is great for two reasons:
Note this card doesn’t offer rewards, which is unusual for a store card. If you want a rewards card, consider a top-rated no-annual-fee cashback credit card.
Use this card at The Home Depot or EXPO Design Center. Because it’s not backed by a major card network like Visa or Mastercard, you can’t use it with outside merchants.
The card’s six-month financing is called deferred interest. If you don’t pay off your entire balance by the time your deferred-interest period is up, you’ll accrue interest from the day you made the purchase.
Suppose you make a $350 purchase with your Home Depot Consumer Credit Card. Right before your six-month financing deal is up, you pay back $349 of that purchase.
Because you haven’t paid off the entire balance, six months of interest will be added to it. This is bad news, considering the card’s normal purchase APR can stretch as high as 26.99% variable.
Here are some financing promotions that have been offered for Home Depot Consumer Credit Card members. They may or may not be valid right now.
Home Depot is known to offer the biggest discounts during three-day weekend holidays like Memorial Day and Labor Day, when homeowners have some extra time to tackle DIY projects. Black Friday and Cyber Monday also usually bring deep discounts on home appliances, holiday decor and more. No matter what time of the year you’re shopping, see if you can snag a coupon to save even more.
If you’re looking for a Home Depot Consumer Credit Card with no interest on purchases made at the store, this card may be the right choice. However, if you’re looking for rewards try a cashback credit card.
What is this card’s grace period on interest?
The grace period will be at least 25 days. You’ll get one if you started the billing cycle with a zero balance.
What are the restrictions on the one-year return policy?
Some items like furniture and area rugs get only a 30-day return window. There are also restrictions on products such as major appliances and hazardous materials.
Visit the Home Depot website to see more return-policy exceptions.