Home Depot Consumer Credit Card Review

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The Home Depot® Consumer Credit Card, issued by Citi, is a store credit card exclusively for Home Depot purchases. It’s best for someone who spends a ton on DIY projects or plans to make pricey home upgrades in the future. Considering that this card offers an array of special financing offers, it can help you save money on interest if you need a few months to pay off your purchases.

The Home Depot® Consumer Credit Card

overall rating
2.4
The Home Depot® Consumer Credit Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
Regular APR (%) 17.99% - 26.99% variable
Annual Fee $0
Ratings Breakdown
for Interest
1.6
for Fees
3.9
for Rewards
2.9
for Credit
4.2

Top Rated For

  • Best Store Credit Cards

Who is This Credit Card Best For?

  • Avatar for Homeowner Persona
    Spends time making their house or condo a comfortable, safe place to call home
    Homeowner
  • Avatar for Brand Loyalist Persona
    Frequently shops with a particular merchant and wants to be rewarded for their loyalty
    Brand Loyalist
  • Avatar for Family Shopper Persona
    Looks for good quality at a fair price while buying for the household
    Family Shopper
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain
    Deal Seeker

The Home Depot Consumer Credit Card is best for DIY enthusiasts who spend a lot of money buying materials for home improvement projects. It can also be a huge boon for someone who plans to make an expensive home upgrade—for example, buying a new set of home appliances for a kitchen remodel—when you need time to pay the balance off.

Pros

  • Access to special financing offers

  • First purchase discount

  • Accessible for applicants with fair credit

Cons

  • No real sign-up bonus

  • No rewards program

  • Deferred interest “gotcha”

  • High standard purchase APR

Pros Explained

  • Access to special financing offers: The point of signing up for the Home Depot Consumer Credit Card is to access special finance offers, including six months at 0% APR for purchases of $299 or more. Additional financing deals are offered throughout the year, too. Home project costs can add up fast, and interest-free financing options can help you spread out expenses for no additional cost.
  • First purchase discount: Open the Home Depot Consumer card and get a discount off your first purchase. You only get $25 off purchases of $25 to $999, but the discount jumps to $100 if you spend $1,000 or more. If your first purchase is $1,000, that's a solid 10% off.
  • Accessible for applicants with fair credit: While other credit cards may offer better promotional APR terms, they may also require good or excellent credit. You may be approved for this card even if you have fair credit, which means your credit score is between 580 and 669.

Cons Explained

  • No real sign-up bonus: While you can qualify for a discount of $25 to $100 off your first purchase, this isn’t that exciting. First purchase discounts are common among store cards, but many rewards and cash-back credit cards offer juicier bonuses worth several hundred dollars if you meet a minimum spending requirement. If you'd like to rack up big rewards for spending a lot on your home, this isn't the card for you.
  • No rewards program: You won’t earn any rewards with this store card. That’s unfortunate since there are many credit cards with no annual fee that give new cardholders 0% APR on purchases for a limited time (offers may be as long as 21 months), plus rewards for each dollar you spend. 
  • Deferred interest “gotcha”: While getting six months at 0% APR for purchases over $299 is a good deal, the devil is in the (potentially costly) details. If you don't pay your balance off in full before the deferred interest offer ends, you'll be charged interest on the remaining balance going forward plus back interest from the initial purchase date. If this happens, you'll lose anything you saved by using the card.
  • High standard purchase APR: It's normal for store cards to carry high purchase APRs, but because the main benefit of this card is the deferred interest offers, it's crucial to pay attention to the standard purchase APR (which could be as high as 26.99%) and pay balances off on time.

Home Depot Consumer Credit Card’s Other Features

Like many store cards, this card isn’t packed full of benefits, but it does give cardholders the following perks:

  • One year to make returns: As a cardholder, you'll get a full year to make eligible returns, which is four times longer than the normal Home Depot policy.
  • Additional special financing offers: Cardholders get additional financing deals that change throughout the year. Some offers may be good for as long as 24 months, depending on what you buy and how much you spend.

Many of these deals are short term offers, so you'll need to act fast when you see one that fits your home improvement plans.

Customer Experience

J.D. Power ranked Citi sixth in its 2019 U.S. Credit Card Satisfaction Study. That puts the bank in the middle of the pack when compared to 10 other card issuers. Citi earned 799 out of 1,000 points in the study; the industry average was 806. 

Citi's mobile app does get good reviews online, including 4.8 out of 5 stars on iTunes and 4.3 out of 5 stars on Google Play. Citi's mobile app ranked seventh in J.D. Power's 2019 U.S. Credit Card Mobile App Satisfaction Study

Security Features

You’ll get standard credit card security benefits (like $0 liability for unauthorized charges) with the Home Depot Consumer Credit Card, and Citi will replace your card if it’s lost or stolen. Cardholders can also set up account alerts to get notifications when purchases are made or when payments are due.

Home Depot Consumer Credit Card Fees & Finance Charges to Watch

While the fees charged by this card are standard for a store credit card, the real “gotcha” to watch out for is the back interest you will be charged on “interest-free” purchases if you don’t pay your balance off in full within the specified time frame. Using this card will actually cost you money if you carry balances beyond the end of promotional financing offers.

For The Home Depot® Consumer Credit Card

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CURRENT CARD
The Home Depot® Consumer Credit Card
overall rating
2.4
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
Regular APR (%) 17.99% - 26.99% variable
Annual Fee $0

Our Methodology

  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.