An Informative Guide on Home Depot Credit Card Over the past few years since the outbreak of the pandemic, people have spent a lot of time at home and a great load of money there as well.
When home improvement becomes a “must do” rather than a “want to,” which isn’t always possible on a budget, a Home Depot credit card
According to a recent Harvard study, DIY projects and a new flexible, remote-friendly, and hybrid workplace will be the main drivers of home improvement spending in 2020, which will increase significantly more than anticipated.
The number of do-it-yourself renovations also increased while many professional remodeling projects came to an end.
As a result of people modifying their homes for work, school, and leisure in response to the COVID-19 pandemic, spending on home improvements and repairs increased by more than 3% in 2020, reaching nearly $420 billion. This contrasted with the US economy’s 3.5 percent decline in growth that year.
The home improvement trend might persist, and Home Depot credit cards might look alluring for your upcoming project to redo your house.
Many workers are interested in maintaining a hybrid approach moving forward. But before you apply and start spending, think about how the Home Depot credit card might help you budget for more costly renovation costs.
The consumer credit card option from Home Depot doesn’t really encourage regular shopping at the store.
However, if you have a clear plan to pay off your balance before the promotional period expires and you’re planning a sizable project, it might make sense to use the 0% financing offered by the Home Depot Project Loan or the Home Depot Consumer Credit Credit Card.
Continue reading this article to find out more about the Home Depot Credit Card, how to log in, its benefits, and everything else crucial for it.
About Home Depot Credit Card Walking through Home Depot’s spacious aisles while daydreaming about potential future home improvement projects has a certain allure.
The Home Depot, Inc. is a multi-national American home improvement retailer that offers services and sells appliances, tools, and construction supplies. It is also the biggest retailer of home improvement products in the United States.
Citibank is the provider of credit cards for Home Depot. The credit cards available from Home Depot range from personal to company cards. Home Depot provides its customers with a credit card that can be used in its retail locations. For purchases totaling $299 or more, this card offers 0% interest for the first six months.
The Home Depot Consumer Credit Card is only valid at retail locations, so it is not valid elsewhere. If the item is fully repaid during the special financing term, no interest is due; however, if the transaction is not fully repaid, deferred interest is charged starting on the date of purchase.
For businesses and contractors, Home Depot also provides commercial cards. It has a commercial charge card and a commercial line of credit account, both of which have monthly full payment due dates.
Perks and Advantages of Home Depot Credit Card The Citi Home Depot Consumer Credit Card, with a $299 minimum purchase requirement, offers interest-free credit for the first six months after purchase. You might be eligible to defer paying interest on some larger purchases for up to 24 months during specific promotional periods. Additionally, cardholders receive a yearlong grace period for returns, which is four times as long as Home Depot’s regular return policy permits. The card also provides a one-time discount for new cardholders that varies depending on how much you spend: $25 off on a single transaction between $25 to $299 $50 off on a single transaction between $300 and $999 $100 off on a single transaction of $1,000 or more
There is no annual fee, and you can check your prequalification status online without having an adverse effect on your credit score. Apply For Home Depot Credit Card Account To open a credit card account with Home Depot, follow the steps listed below.
Step 1: To begin, you must go to the Home Depot website or just go to https://www.homedepot.com/
Step 2: As shown in the image below, click the “Create an Account” button.
Step 3: You are prompted to choose your account type on the directed page, which includes your personal account and pro-Xtra account.
Step 4: Once you’ve made your selection, you must enter your email address, password, zip code, and phone number as well as verify that you are not a robot.
Step 5: Next, select “Create an Account” from the menu, and finally, you have a Home Depot credit card account of your own.
How to Log Into Your Home Depot Bank Credit Card Account? To log in, you must have a credit card account with Home Depot Bank. Please adhere to the guidelines on this page and create an account, if you haven’t yet made an account.
There are now options for logging in via websites and apps. To use either of these options, you’ll need a desktop computer, laptop, smartphone, tablet, or other internet-connected devices.
Your usual web browser should be launched in a new tab. We suggest that you only conduct any financial transactions using a reputable web browser, such as Chrome for Windows or Safari for Apple devices.
HD Credit Card Account Login Via Website Step 2: As shown in the image below, click the “My Account” button in the top right corner of the homepage.Step 3: Now, just click on Sign In.Step 4: Click “Continue” after entering your email address.Step 5: Next, enter your user name and password in the available fields.
Step 6: To access your account, you must lastly click the “Sign In” button, and you are done.
HD Credit Card Account Login Via Mobile App Step 1: Install the Home Depot mobile app on your phone.The Home Depot Bank mobile app can be downloaded for Apple or Android devices by clicking the link below.
The Home Depot mobile app is available on Google Play Store and can be downloaded by clicking this link:
https://play.google.com/store/apps/details?id=com.thehomedepot&hl=en_IN&gl=US
Home Depot Mobile App is also available in the App Store can be downloaded by visiting this link:
https://apps.apple.com/us/app/the-home-depot/id342527639
Step 2: Launch the Home Depot Bank app for mobile devices.
After you launch the application you downloaded. It will show the screen for logging in. Put in your user ID and password to gain access to your online banking account.
Advantages of Home Depot Bank Credit Card Mobile App The Home Depot mobile app is very helpful for logging in to your credit card account, and downloading it is cost-free.
Actually, it performs more tasks than merely serving as a credit card app. The following are some advantages of using the mobile app for the Home Depot credit card:
The Home Deposit Service makes it simple to review the history of transactions in your account. You receive updates about new incoming and selling offers on a regular basis. The status of your payments for the Home Deposit Service will be visible to you. Checking and monitoring your balance will be simple for you. Using the online service provided by Home Deposit, you can see your orders and payments. Purchases made in-store can be paid for with the Home Depot Credit Card.
The process of paying bills online is simple and quick. Home Depot Consumer Credit Card The Home Depot consumer credit card can be used to make regular purchases at Home Depot, just like other store cards. Home Depot offers 0% interest for six months on purchases over $299 as well as other specials all year long.
On appliances costing $299 or more, you can frequently find 12-month interest-free financing, 24-month special financing on heating and cooling, and seasonal discounts like $25 off snow blowers in the fall.
But watch out for the promotions.
The headline-grabbing 0% financing is only free if you follow the rules, though.
You must pay the balance in full before the six months are up, just like with any other “deferred interest” promotion.
You will be charged the full interest amount for the previous six months if you are even one day late, according to Citi, the bank that issues the Home Depot credit cards.
These types of promotions are offered by banks because they are aware that while many customers will have every intention of paying the balance in full before the promotion expires, many won’t.
It’s best to avoid promotional offers like these if you don’t have a history of reliably paying off your credit card balances in full at the end of each month.
Home Depot Project Loan The Home Depot Project Loan resembles a fixed-rate personal loan more than a conventional credit card.
If you are eligible, you can access a line of credit up to $55,000 with a repayment period of up to 84 months. Following approval, you will have six months to buy everything you need for your project. You will then make fixed monthly payments at a fixed interest rate to finish it.
Plus, there’s no annual fee.
The amount of your loan and your credit approval determine your APR. You could be approved for one of four tiers:
66 monthly payments at 7.42% APR 78 monthly payments at 12.86% APR 90 monthly payments at 16.24% APR 114 monthly payments at 19.96% APR If you spend $1,000, you won’t pay more than $20 per month. According to Home Depot’s website, your monthly payments may look like this depending on the size of your loan:
LOAN AMOUNT MONTHLY PAYMENTS $1,000 $20 $5,000 $100 $10,000 $200 $25,000 $500 $35,000 $700 $55,000 $1100
Despite the fact that the interest rates on a Home Depot Project Loan may be significantly lower than those on a Home Depot Consumer Credit Card, if you only make the minimum payments each month for the duration of the loan, your total will rise quickly.
Hot Tip🔥: Budget for the materials you’ll need prior to beginning your project, and create a strategy to pay off your purchase as soon as possible to avoid accruing interest charges.
Consider a personal loan from a bank as an alternative to a loan from Home Depot if you need money for an expensive renovation project.
You might be eligible for better rates and terms for your project timeline and wallet depending on your credit. These days, a number of lenders are offering loans with rates below 6% for terms and amounts ranging from one year to thirty.
Home Depot Credit Card Customer Support Customers can call 1-800-677-0232 to speak with customer service about Home Depot credit cards. Phone assistance for the Home Depot credit card is offered:
6:00 am to 1:00 am ET, Monday through Saturday. 7:00 a.m. to 12:00 a.m. ET on Sunday Additionally, the following phone numbers are for Home Depot credit card customer service:
Call: 1-423-467-6124 from outside the United States, Canada, and Puerto Rico. Call 1-866-875-5488 for technical support.
Headquarter or credit card customer service for Home Depot can be reached at the following address: P.O. Box 9001010 Louisville, KY 40290-1010
Final Thoughts The Home Depot credit card may appeal to customers looking to make a significant renovation. Additionally, it provides a range of contractor business cards. It should be noted that the card does offer 0% APR for six months on purchases over $299.
The card can be used to get 0% financing for jobs like heating and cooling repairs, water heater replacements, and plumbing repairs.
But it is not best suited for every single person out there. So, it is recommended to know your needs and then make an informed decision.
Frequently Asked Questions (FAQs) ANS: Although Home Depot does not specify credit requirements, its APR for consumers ranges from 17.99% to 26.99%. The process to apply for a credit card is simple and can be easily done online.
ANS: There are no cash back or related rewards available with the Home Depot credit card.
On purchases over $299, it does offer 0% interest for six months. Additionally, there are special discounts for selected products as well as initial statement credits.
ANS: If your card is lost, stolen, or you believe it was never delivered, please log into your Citi account and choose the Report a Lost or Stolen Card option from the Help & Contact Us menu.
For additional assistance, you can also call the toll-free number provided above that is connected to your card.
ANS: Even though you can apply for a Home Depot card in-store, using their website
