Review of The Home Depot Credit Card

Brendan Harkness

Brendan Harkness | Reviews

Sep 22, 2015 | Updated May 23, 2019

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The Home Depot offers The Home Depot Consumer Credit Card for regular customers (it’s not designed for contractors).

This is a simple card that doesn’t offer cash back or points for purchases; instead, you’ll get special financing deals on certain purchases.

Warning: these special financing deals are not very consumer-friendly. If you’re interested in this card, make sure you completely understand the terms and conditions, including what you’ll need to pay back, before applying for it. Check out this Reddit thread to see how Home Depot employees are encouraged to get people to sign up for this card.

Some people might find this card useful, but most shoppers will be much better off with a basic rewards credit card.

Read on to learn what this card offers and how you can get a better deal elsewhere.

Where Can I Use This Card?

The Home Depot Consumer Credit Card can only be used at The Home Depot stores and www.HomeDepot.com.

This includes the Home Decorators Collection, which is an exclusive brand of Home Depot.

The Rewards

There are no rewards, like points or cash back, for using this card.

The Benefits

You won’t need to bring your card to the store to access your account, which is a nice feature in case you forget it.

There are a few financing plans available, both for certain purchase amounts and for certain categories of purchases.

For purchases of $299 or more, no interest is charged if the balance is paid in full within 6 months (lesser amounts are charged the interest rate shown below).

New cardholders will also be given a choice for their first purchase, and can pick one of the following:

  • 10% off your first purchase (maximum discount of $200)
  • Up to 24 months of financing on your first purchase depending on the current offers and amount of the purchase

You’ll also get additional financing offers occasionally throughout the year, with current offers like:

  • Heating and A/C: 12-month financing plan
  • Building Materials: 12-month financing plan
  • Water Treatment: 12-month financing plan

TAKE NOTE: For all of these “special” financing plans, there is a very important term that you need to be aware of.

If you fail to pay off the entire balance by the end of the plan OR if you make a late payment, you will lose your deferred interest plan!

This means that you can be charged interest for the entire period of the loan, even if you’re only a month or two into your payments. So you could wind up with a bill due for all the interest you’d be expected to pay over that time period.

This actually happened to an unfortunate visitor to our site, who made a late payment and then got a bill for $2,000 of interest that he didn’t expect to have to pay.

If this happens to you it could make your purchase much more expensive than you planned it to be, especially when you thought you’d have some time to pay it off.

This is a pretty dangerous feature to have in a credit card, so in most cases you’ll be better off avoiding this card.

Instead, consider a rewards credit card that will not only give you a better 0% APR deal for any purchases you make, you’ll also be able to earn some points or cash back on those purchases.

The Costs & Fees

Annual Fee Regular APR Regular Balance Transfer APR Cash Advance APR
$0 17.99%, 21.99%, 25.99%, or 26.99% Variable N/A N/A
Penalty APR Late Fee Returned Payment Fee
None Up to $38 Up to $38

The Bottom Line

This card offers a few benefits, but I don’t recommend it for shopping at The Home Depot unless you absolutely can’t get a different rewards card. You can also take a look at The Home Depot Project Loan, but it doesn’t offer much better terms (though you can get a very high credit limit).

We’ve heard reports of contractors signing up for this card through third parties, like businesses other than The Home Depot. If you get an offer like this, be sure to get all the details and fully inform yourself before making any decisions.

Remember that with the financing plans available, if you make a late payment or fail to pay off the entire balance by the due date you’ll be charged interest for the entire period of the loan.

This is a situation you can easily avoid by getting a general rewards card. You’ll be able to get a long 0% APR period that every purchase will fall under, big or small, and there will be no retroactive interest rate payments to worry about.

You can also earn cash back on those purchases – it usually won’t be much, but the Chase Freedom Unlimited® (Review), for example, will give you 3% back on every purchase up to $20,000 spent in the first year (then 1.5%) and a 0% Intro APR on Purchases for 15 months.

So, it’s generally best to avoid this card and go for a basic rewards card instead.

If this review was helpful to you, go ahead and share it with a friend! How do you like to shop at The Home Depot? If you use the Home Depot Consumer card, is it working out well for you? Click here to leave your own review of the Home Depot Consumer card for other visitors, we’d love to hear from you!

Or learn more about reward credit cards and see our picks for the Best Reward Cards.
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The responses below are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertisers' responsibility to ensure all posts and/or questions are answered.

  • Brian Nolan

    Thank you for this review. I’ve been using Home Depot cards for a very long time now for my business and there’s still a room to learn more. It is important knowing what card works the best for specific situations. Here’s another good information on how to make this choice: https://hammerzen.com/which-home-depot-credit-card-is-right-for-you/

  • Paul Kuhn

    One day late payment (first time) after being a Home Depot
    Credit Card Customer since 2010. They tack on a $27 late fee. Recognizing that
    they have this “right”, I contacted them to see if I could get the courtesy of having it removed. Their answer….. “NO. You knew this when you
    applied for the card”. My credit limit is 2 times higher at Lowes. Prices and
    product quality are the same but Lowes offers a 5% discount on all purchases. No reason to shop at HD.

  • denestr

    HOME DEPOT SCAMS YOU BY LURING YOU INTO FALSE CREDIT CARD PROMOTION TO GET $25 OFF FIRST PURCHASE UNDER $999 & $100 OFF IF PURCHASE IS OVER $1000. WHEN SIGNING UP, YOU ALSO GET A $5 OFF VOUCHER SENT IN YOUR EMAIL BUT IF YOU USE THAT YOU WON’T GET YOUR INITIAL PROMOTION OF $25 FOR SIGNING UP THE CREDIT CARD. IT IS VERY BAD BUSINESS TO DUPE PEOPLE BY GETTING YOU TO SIGN UP FOR THEIR CREDIT CARD & AT THE SAME TIME GET A COUPON VOUCHER SENT TO YOUR EMAIL BUT IT DOESN’T TELL YOU THAT USING THIS $5 VOUCHER FOR SIGNING UP TO THEIR WEBSITE THAT YOU APPLY IT TO YOUR FIRST PURCHASE YOU WILL LOSE THE OTHER PROMOTION FOR OPENING A CREDIT CARD. IF I WERE TOLD THIS WHEN I CALLED TO OPEN THIS ACCOUNT EVEN THOUGH I ASKED ALL THE RIGHT QUESTIONS I WAS ONLY TOLD IT WOULD BE CREDIT TO ME ON MY FIRST BILL WHICH IT WASN’T. I WAS LIED TO SO IF ANYONE LIKE ME WHO ONLY OPENED A CREDIT CARD WITH HOME DEPOT BEWARE OF FALSE ADVERTISING AND BEING LIED TO ON THE PHONE BEFORE I OPENED THIS ACCOUNT AND GET CHEATED OUT OF THE FIRST PURCHASE PROMOTION! SO AS I PAY THIS CARD OFF, I WILL NOT BE USING IT AGAIN OR BE A CUSTOMER AT HOME DEPOT. LOWES HAS BETTER DEALS SO WILL BE GOING THERE FOR NOW ON!

  • parkerd1280

    I liked a 10% purchase promo and tried to use the HD card for a $800 purchase. The register called for a credit authorization, so the cashier phoned. I spoke to the citibank rep who confirmed my phone numbers (cel & home). I specifically said about the home number “but no one is there.” I wasted 20 minutes of my time and the cashiers time (also inconveniencing people trying to line up behind us) before I gave up and used mastercard instead. Turns out, they left the call-back message on the home number.
    When I called Citibank, I got a perfunctory apology and told that it would likely happen again if I used the card again since my celphone number is not ‘publicly verifiable.” It doesn’t matter that I previously went online and specifically signed up my cel number, it’s not “publicly verifiable” to them.

    And the kick, the reasons that my card is getting flagged is (a) I use it intermittently (I did point out that most consumer users aren’t going to be doing home improvement projects every month) and (b) the store I’m using is not what they consider to be my “home store”, even though it is the one where I make the majority of purchases, and where I initially applied for the card.
    They wanted to give me a password I could use in future. I didn’t even ask what it would be. I have no desire to ever use this card again.

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