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APRN/A. All charges are due and payable by the payment due date shown on your billing statement. Reward rates Every $1 spent on your card counts as $4 for purposes of earning Perks. When you click through from our site to a retailer and buy a product or service, we may earn affiliate commissions. This helps support our work, but does not affect what we cover or how, and it does not affect the price you pay. Neither ZDNET nor the author are compensated for these independent reviews. Indeed, we follow strict guidelines that ensure our editorial content is never influenced by advertisers.
Home Depot does not list credit requirements, but the cards are best suited for those who have fair credit scores or better. Those without a substantial credit history can be subject to personal guarantees on commercial accounts. The Home Depot credit card does not offer any cash back or related rewards. It does offer zero interest for six months on purchases above $299.
How Do I Apply For a Home Depot Credit Card?
Now that we have looked briefly at the main differences between the Home Depot's best credit cards for businesses, let's look at some of the advantages and benefits that are found among both options. Banks offer promotions like these because they know that consumers will have every intention of paying the balance long before the promotional period ends, but many will not. If you don’t have a history of consistently paying your credit card balances in full at the end of the month, it’s best to steer clear of promotional offers like these. If you choose to receive statements electronically and then want a paper notice, call us at the number on the back of your card and we will mail it to you. We will send notifications regarding the availability of your statement online and legal notices to the email address you provided to us until you contact us to change it. It is your responsibility to update promptly any changes in this information.
Establishing and maintaining a business credit history gives businesses more financing options. There are two disadvantages to consider with the commercial Home Depot credit options. First, unlike some retail credit card options, the credit cards can only be used for Home Depot in-store or online purchases. Second, there are no cashback rewards on purchases that are common in many other credit options. Since most charge cards require businesses to pay balances off in full every month, many allow businesses to make purchases without predetermined credit limits.
Credit Card Paperless Statements and E-Communications Authorization
Home Depot offers a variety of credit cards, including consumer cards and company cards. On the consumer side, Home Depot offers its consumer credit card that can be used by individuals at its stores. This card comes with six months of 0% financing for a purchase of $299 or more. To enroll in paperless for your account, start by reading the terms and conditions below. You are agreeing to receive your statements electronically only and some of your legal notices electronically only. If you do not wish to enroll, choose Cancel and deselect the Paperless Statements checkbox.
Before choosing a Home Depot credit card, consider why you want or need a credit card from Home Depot. If you’re a business owner and need to load up on supplies for a specific building project, one of the Commercial or Pro accounts might provide more benefit to you. Each commercial credit option allows additional cards for employee purchasing. For example, the Pro Xtra offers authorized user cards for employees to make purchases using the commercial account. The Commercial Account card allows business owners to set spending limits and apply for up to four buyer ID cards to allow employees to make purchases.
Itemized statements and purchase tracking
If your email address changes, please update it through account online or call us at the number on the back of your card. As with most store cards and most credit cards a hard credit inquiry is run in order 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. Prequalification or preapproval are not guarantees of approval for any credit card or loan.
When we are able to provide all legal notices electronically, we will notify you by email. In the meantime, if you choose to receive legal notices electronically, you will need to monitor both your U.S. postal mailbox and your email inbox for legal notices. The Home Depot credit card can entice consumers looking to make a major renovation. Of note, the card does offer zero interest for six months on purchases above $299. For projects, such as fixing heat or A/C, replacing a water heater, or repairing plumbing, the card can be used for zero-interest financing. Similar to other store cards, the Home Depot consumer credit card can be used to make everyday purchases at Home Depot.
Home Depot Credit Card: What You Need To Know
Our partners cannot pay us to guarantee favorable reviews of their products or services. A small business looking to make some building improvements or a small construction company may enjoy the numerous benefits of commercial Home Depot credit. On the other hand, a small tech startup navigating the ever-growing e-commerce economy may not have the need.
Performance information may have changed since the time of publication. 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, a credit check will be run before approval is granted and approval is not guaranteed.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. There is a limit of 20 gallons of fuel per purchase per vehicle, and use is restricted to participating gas stations. Every $1 spent on your card counts as $4 for purposes of earning Perks.
Frequent Home Depot shoppers might benefit from the fact that hassle-free returns are offered for one year with the card, which is four times longer than you'd normally get on Home Depot purchases. That could come in handy, especially on large purchases that you end up regretting later. Offers $25 off purchases of $25 to $299, $50 purchases of $300 to $999, or $100 off purchases of $1,000 or more. Compare top credit cards side-by-side, complete with objective reviews from the Nerds. Our editors thoroughly review and fact-check every article to ensure that our content meets the highest standards.
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