Review of The Home Depot Credit Card

Brendan Harkness

Brendan Harkness | Reviews

Sep 22, 2015 | Updated Jan 02, 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 Home Depot Consumer Credit Card
Apply Now

The Home Depot Consumer Credit Card

For People with
Fair Credit

  • Annual Fee: $0
  • Interest Rate: 17.99%, 21.99%, 25.99%, or 26.99% (Variable)
Quick Card Facts
  • First purchase special financing options of $299 and up.
  • Heating & Air Conditioning: No interest for 12 months for installing heating and air conditions on purchases of $299 or more.
  • Building Materials: No interest for 12 months for installed roofing, siding, windows, insulation, gutter, and leaf protection on purchases of $5,000 or more.
  • Water Treatment Offers: No interest for 12 months for water treatment offers of $299 or more through 1-800-HOMEDEPOT.

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 $35 Up to $35

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 Citi Double Cash Card, for example, will give you 2% back on every purchase and a 15-month 0% APR period.

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.

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