The Home Depot Credit Card

If you're a loyal Home Depot shopper, a store credit card can save you a bundle of cash. But it's important to read the fine print so you fully understand what each card offers. You'll also want to know all of your options before making up your mind about which card is best for your needs. In this article, we'll take you through the features of Home Depot's credit cards, as well as competitor offers. 

The Home Depot Store Card The store card is designed specifically for customers who shop frequently at The Home Depot, though it does come with some attractive cashback rewards. If you qualify, this may be a good fit for your wallet. Keep reading to learn more about these benefits and how the card works.

Home Depot Store Card

The Home Depot credit card is available only in-store from the company's cash registers, which means you'll need to apply for it in person. To do so, you'll need to provide some basic information, including your name, address, phone number and Social Security number. You'll also need to show proof of your identity (such as a driver's license or passport). If you meet the eligibility requirements (see below), you can apply for the credit card on the spot. But don't forget that if you're approved, you'll be required to establish an account with the company. 

This means that if you're not already a Home Depot account holder, you'll need to set up one online or in the store before applying for the card. Another thing to keep in mind is that just because your application may get approved doesn't mean you should jump at the first credit card offer you're given. It's important to compare several different offers before making a decision. The information below will help you compare the Home Depot Store Card with other cards so that you can choose the right one for your needs.

Home Depot Card Benefits

Benefit #1: You Can Earn Rewards

Anyone who applies for the Home Depot Store Card, which is provided by Synchrony Bank, will be able to earn two percent back on eligible purchases, excluding sales taxes. This means that whenever you make a purchase at Home Depot, you will receive two percent cashback. The cashback is earned as points. You can also earn one point for every dollar you spend on things like tools and supplies if these are purchased with the card.

If you are an Elite or Pro member at The Home Depot, you will be able to earn three percent cashback. However, this only applies to purchases that are $5,000 or less. Purchases over $2,500 will earn one point per dollar spent plus two percent back in rewards.

Benefit #2: Financing Is Available

If you would like to make home renovations but do not have all of the money saved up right now, you can work with Home Depot to make payments on the project. The Store Card provides financing solutions for both tools and supplies. You can finance your purchases at a low-interest rate for 24 months through Synchrony Bank or GE Capital Retail Bank.

Benefit #3: A Discount Can Be Used At Any Home Depot

If you sign up for the Store Card, you will also receive a coupon that is good for $25 off of $250 or more. You can use this discount on any purchase at The Home Depot store. If you are interested in making home renovations, you can use this discount to save money on your supplies.

Benefit #4: You Will Be Rewarded For Your Loyalty

People who sign up for the Home Depot Store Card will also receive a coupon good for 10% off of their next purchase when they pay the bill in full. This 10% discount can be used with any purchase at The Home Depot store and it does not expire. If you are a frequent customer at the store, you will be happy to receive this reward.

Benefit #5: You Will Be Able To Earn Additional Rewards By Shopping Online

The Home Depot Store Card also provides special online shopping deals and rewards. For example, when you purchase tools and supplies online from HomeDepot.com, you will receive free shipping. You will also be able to earn one point for every dollar you spend and receive one percent cash back on these purchases as well (exclusionary of sales tax).

Home Depot Credit Card vs. Specialty Cards 

Part of what makes store cards like this one so attractive is that they provide discounts to loyal customers. With the Home Depot Store Card, you'll get special financing offers when shopping at the store. This lowers the cost of home improvement products by allowing you to spread out payments over time. You can also use this card for installation services provided by The Home Depot's network of contractors, which means you can save on installation costs as well. 

If you prefer to pay for your products with plastic, this store card is a good option for you -- especially if you're looking to save some money on interest rates. Even better, the Home Depot Store Card also comes with some attractive cashback rewards that are difficult to find elsewhere. Read on to learn more about how it all works.

Home Depot Card Features 

Home Depot offers the choice of three different store credit cards with varying credit limits and rewards programs, including The Home Depot Store Card. This is another name for what we've been referring to as the in-store card -- the one you'll use to purchase products at any of The Home Depot's more than 2,200 retail locations. The card comes with a variable APR of 17.99% to 26.99% as of February, 2022 and it charges an annual fee unless you sign up for store membership, which costs $0.

Home Depot Commercial Card

This is the store credit card designed for contractors and other business owners who need to make purchases at The Home Depot for their jobs. It's a charge card, so you can't carry a balance from one month to the next. Instead, you'll have to pay your balance in full on each billing cycle. This card comes with an APR of 21.99% as of February, 2022 and it charges an annual fee of $0.

This is the store credit card designed for contractors and other business owners who need to make purchases at The Home Depot for their jobs. It's a charge card, so you can't carry a balance from one month to the next. Instead, you'll have to pay your balance in full on each billing cycle. The Home Depot Commercial Building Supply Credit Card. This is a charge card that's designed for any business owner who takes advantage of special financing when shopping at The Home Depot for commercial building supplies.

Conclusion

The Home Depot Store Card provides a variety of benefits to its holders, including rewards, financing, and discounts. If you are frequently a customer at The Home Depot, it is definitely worth your time to sign up for the store credit card. You will be able to save money on your purchases and receive additional rewards simply by shopping online.