There’s special financing on large buys. But it’s not a valid 0% offer, and you won’t gain any ongoing prizes.
Something is demanding about strolling via Home Depot’s vast aisles, dreaming of home advancement projects that might be in your future.
Unfortunately, The Home Depot Customer Credit Card elicits different vibes despite its $0 annual fee.
That’s because the store-branded card earns only a few rewards and offers a few perks. Even the most loyal Home Depot fan is more suitable with a flat-rate cash-back or rewards card.
Five Things To Know About The Home Depot Consumer Credit Card
The five things to know about the home depot credit card are;
- It offers deferred interest (but not 0%).
- You won’t want to carry a balance.
- New cardholders enjoy a modest discount.
- Cardholders Enjoy A More Extended Return Period & Exclusive Offers.
- Home Depot Offers A Separate Card For More Significant Projects.
It Offers Deferred Interest (But Not 0%)
The Home Depot Consumer Credit Card can assist you in financing a large home project; that’s its primary selling point. It presents six months of deferred interest on $299 or more buys.
With the help of The Home Depot Consumer Credit Card, if you forget to pay off the balance entirely by the six-month mark, you’ll be assessed all the interest that was adding up from the time you invested.
That could be a costly oversight. By difference, with a 0% offer, you will spend interest only on the remaining balance and only in the future.
You’d be better off if you prepared for a card with a valid 0% initial APR offer that lasts 12 months or is lengthier. A BankAmericard credit card is a fantastic option.
You get 0% intro APR on Investments for 21 billing rotations and 0% intro APR on Balance Transfers for 21 billing processes for any balance transfers completed in the first 60 days. Then, the continuing APR of 15.74%-25.74% Variable APR.
You Don’t Want To Carry A Balance
Even if you don’t take benefit of the deferred interest proposal, you’ll want to avoid having a balance from month to month. As with many mart-branded credit cards, the constant interest rate is high. The continuing APR is 17.99%, 21.99%, 25.99%, or 26.99%, Variable.
New Cardholders Enjoy A Modest Discount
On recent accounts, The Home Depot Consumer Credit Card presents $25 off buys of $25 to $299, $50 for $300 to $999, or $100 off investments of $1,000 or more. That’s nothing.
For example, if you’re a handyperson and must be more faithful to Home Depot, the Lowe’s Advantage Card offers 5% off qualified store investments, earning it a place among Nerdwallet’s best shop credit cards.
For buys of $299 and up, you can select either the 5% discount or a matching deferred interest offer.
Cardholders Enjoy A More Extended Return Period & Exclusive Offers
Frequent Home Depot customers might benefit from hassle-free returns offered for one year with the card, four times longer than you’d typically get on Home Depot purchases.
That could come in convenient, particularly on large purchases you regret after.
Must Check: What You Need To Know About the homedepot credit card in 2024.
Home Depot Offers A Separate Card For More Significant Projects
Home Depot also presents the Home Depot Project Loan Card, which allows its cardholders to borrow up to $55,000 for big advancement projects. As of February 2024, you can be ready for a loan as down as 7.42%, but your real terms will vary.
It’s planned to finance major projects such as kitchen or bathroom renovations and could demand lower-APR loans elsewhere, like home equity loans to consumers.
I hope you are pretty straightforward with this article, so use your credit card to buy home improvements at Home Depot. Later on, try to share your opinions about the home depot survey & enter the sweepstakes 2024.