Home Depot Credit Card: What You Need To Know (2024)

Before choosing a home improvement credit card, consider why you want or need a credit card from Home Depot. If you are a new homeowner, have a variety of projects to do or rely on Home Depot frequently, The Home Depot Consumer Credit Card* is a store card with special financing options to help fund everyday household needs. If you’re a business owner and need to load up on supplies for a specific building project, either the commercial account or Pro Xtra Credit Card might provide more benefit to you.

Home Depot Consumer Credit Card

The Home Depot Consumer Credit Card* is a store card, meaning it can’t be used outside of Home Depot. The card offers six months of special financing on purchases of $299 or more. No interest is charged if the purchase is paid off within the special financing period but deferred interest is charged from the date of purchase if the purchase is not paid off in full. Longer financing periods are also periodically offered during special promotions.

The card also offers zero liability protection for any unauthorized charges to the account and cardmembers can enjoy the added benefit of a full year to make returns on purchases—four times the limit on Home Depot’s regular return policy.

Project Loan

Whether a professional or a homeowner working on a personal project, the Project Loan card offers a six-month period to purchase Home Depot materials with loan values up to $55,000. For those who need some flexibility in paying off purchases, the Project Loan option offers fixed low monthly payment options and requires no annual fees.

Review the specific loan agreement to verify your annual percentage rate (APR), as the APR you receive will be based on your creditworthiness.

Pro Xtra Commercial Revolving Charge Card

Specifically for Home Depot’s professional customers, the Pro Xtra Commercial Revolving Charge Card allows authorized employees to use the card for company purchases at any U.S. Home Depot store location. As a Pro Xtra program member, users of the Commercial Revolving Charge Card qualify for the Pro Xtra Perks benefit and a handful of other benefits, including the potential to earn discounts on paint and other products.

Every dollar spent with the card counts as $4 for purposes of earning rewards to be used toward ProXtra Perks which, subject to terms and conditions, may include tool rental perks and Pro Xtra Dollars, which can be redeemed in store for qualifying merchandise and services.

Note that this program involves minimum spending thresholds and a maximum number of perks you can earn on the card, though the program terms and conditions lack specifics, instead pointing to the members’ MyAccount pages.

Commercial Account

For professional customers in need of a commercial account, Home Depot offers a Commercial Account card without many of the Pro Xtra program perks. Commercial accounts are not credit card accounts.

A commercial account allows authorized users to make charges to the card on behalf of your business by issuing buyer ID cards to each user. Employers can also set spending limits and receive detailed spending info to keep track of all purchases. Though payments must be made in full within 60 days of purchases on this card, there is an offer to receive a 2% early pay discount as long as payment is made online within 20 days of purchase. Users can also optimize payment plans by itemizing all invoices.

You may apply for The Home Depot Consumer Credit Card* and other Home Depot-branded, co-branded or store products online, but you can also apply in person at any Home Depot store. Since eligibility is based on creditworthiness, they will run a credit check before approval is granted and approval is not guaranteed. The card issuer will determine your purchase APR or other applicable terms specific to the product for which you apply based on your creditworthiness. You can pre-qualify on the Home Depot website to gauge the likelihood of your approval and what terms you may be given.

How Does Applying for a Home Depot Card Affect My Credit Score?

As with most store cards and most credit cards, a hard credit inquiry is run to approve applicants for Home Depot credit services. Applying for any credit product is a decision you always should make carefully, since credit checks often lower your credit score by a few points.

On the Home Depot website, you can also see whether you pre-qualify for the Consumer Credit Card, which is a helpful way to see your chances of approval without negatively impacting your credit score. However, note that pre-qualification and preapproval are not guarantees of approval for any credit card or loan.

If you are approved for The Home Depot Consumer Credit Card*, your purchases will likely be reported by the card issuer, Citibank, to the three major credit bureaus. If you practice responsible financial and credit habits, such as remaining mindful of maintaining a low credit utilization ratio, you can use this card to improve your credit score over time.

Is It Hard To Get a Home Depot Credit Card?

Citibank issues the The Home Depot Consumer Credit Card* and will perform a hard inquiry to determine your creditworthiness. Citi will collect your employer and bank information and credit bureau information to determine whether you meet its criteria and determine your credit limit.

Like with most credit cards, a good FICO Score can be the difference between being approved and being denied. A good score is typically considered to be between 670-739. If you aren’t sure if you’ll be approved, you can go through the preapproval process for the Home Depot consumer card. However, please note that preapproval does not guarantee approval.

Home Depot provides a number of store credit cards, commercial accounts and project loans to help you finance purchases from its stores. Read all terms and conditions carefully before applying for any credit product and ensure you fully understand any implications to your financial situation and credit profile.