Residence Depot Credit score Card overview
The Residence Depot Credit score Card gives particular financing for giant purchases and sometimes contains a one-time, in-store low cost for brand spanking new candidates. Nevertheless, the dearth of ongoing rewards means you are nearly all the time higher off with a extra common cash-back bank card. Card Ranking*: ⭐⭐
*Card Ranking is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
Lengthy earlier than I used to be deep into the world of journey bank cards, I opened the Residence Depot Credit score Card shortly after my spouse and I closed on our home. We had some main renovations to deal with, so having fun with an prolonged promotional interval of deferred curiosity on that giant buy made it worthwhile. It additionally helped that the cardboard carried no annual payment.
Nevertheless, until you are regularly making purchases of $299 or extra and wish additional time to pay it off, there are doubtless higher choices on the market. Authorized candidates normally have a credit score rating of 640 or larger.
Here is the whole lot you could know concerning the Residence Depot Credit score Card.
The data for the Residence Depot Credit score Card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
Residence Depot card professionals and cons
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Residence Depot card welcome provide
The Residence Depot Credit score Card would not normally provide a one-time bonus for brand spanking new candidates. Nevertheless, it often does.
For instance, now by means of July 30, 2025, it can save you as much as $100 once you’re authorised for the cardboard and use it for an eligible buy at Residence Depot (in-store or on-line) inside 30 days of your account open date.
The low cost is predicated on the full buy quantity earlier than taxes and supply charges and have to be on a single receipt, however here is what it can save you:
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- $25 off your buy of $25 as much as $299
- $50 off your buy of $300 as much as $999
- $100 off your buy of $1,000 or extra
Simply notice that this low cost pales compared to many gives you will discover on different high cash-back bank cards.
Residence Depot card advantages
The present provide on the Residence Depot card is lackluster, and the cardboard advantages aren’t significantly better. You’ll be able to take pleasure in particular financing gives once you make massive purchases at Residence Depot. Particularly, once you make a purchase order of no less than $299 on the cardboard, you are eligible for six months of deferred curiosity on that buy.
Moreover, chances are you’ll be focused for an extended promotional interval (or reductions) on bigger purchases.
For instance, a number of years in the past, we had some important injury to the fence in our yard on account of timber coming down throughout a hurricane. It might’ve set us again almost $7,000 to exchange it (our owners insurance coverage solely paid a small portion for a restore). Fairly than worrying about taking the cash out of our financial savings account, we organized for set up through Residence Depot and charged the acquisition to our Residence Depot Credit score Card.
In alternate, we acquired 24 months in deferred curiosity — which wound up being nothing since we paid the complete steadiness off earlier than the top of the promotional interval.
Nevertheless, there’s an necessary caveat right here. This can be a deferred curiosity provide versus an introductory 0% curiosity provide. The massive distinction? With the deferred curiosity on this card, your curiosity accrues all through the promotional interval. If any steadiness is left on the finish (even only a few cents), you are chargeable for the entire curiosity accrued for the reason that unique buy. (Alternatively, a 0% annual proportion price provide solely begins incurring curiosity on the remaining steadiness when the promotional interval ends.)
In different phrases, in case you use this particular financing, it’s important to repay the complete buy earlier than the six months ends.
Past this profit, the Residence Depot card gives you one yr to return objects, 4 instances longer than the product owner’s customary return coverage of 90 days. The cardboard additionally consists of zero legal responsibility for fraudulent costs.
Incomes and redeeming rewards on the Residence Depot card
The Residence Depot Credit score Card would not earn any rewards in your on a regular basis purchases, which thus implies that there are not any rewards choices on the cardboard.
Different Residence Depot card choices
Our evaluation to this point has thought of the Residence Deport Client Credit score Card, however there are another financing choices obtainable for the retailer. This record consists of:
- Residence Depot Mission Mortgage*: Because the identify signifies, this product means that you can finance a big house enchancment venture through a mortgage. You’ve as much as six months to buy the whole lot you want and might finance as much as $55,000 — with 4 completely different mortgage durations and glued month-to-month funds.
- Residence Depot Professional Xtra Credit score Card*: This industrial revolving cost account is affiliated with Residence Depot’s loyalty program for contractors and different companies that purchase provides or different objects with the chain.
- Residence Depot Business Account*: This cost account is not a bank card however permits eligible companies to challenge purchaser playing cards to approved workers who can then make purchases at Residence Depot shops. You have to pay the purchases inside 60 days, although you will get a 2% early pay low cost in case you pay on-line inside 20 days.
You’ll be able to view extra particulars for these merchandise on this web page.
The data for these merchandise has been collected independently by The Factors Man. The product particulars on this web page haven’t been reviewed or offered by the issuer.
Which playing cards compete with the Residence Depot card?
Past the opposite Residence Depot choices detailed above, most options to the Residence Depot Credit score Card are extra common rewards playing cards. Listed here are some stable choices:
- If you need rewards at a serious house enchancment retailer: Think about the MyLowe’s Rewards Credit score Card. This card gives 5% off all Lowe’s purchases charged to the cardboard, together with related particular financing choices. This (clearly) will not assist Residence Depot buyers, however in case you’re open to a special retailer in your house enchancment purchases, it may be a good possibility.
- If you need stable rewards on all purchases: Go along with a high cash-back card just like the Wells Fargo Lively Money® Card (see charges and costs). Despite the fact that it has no annual payment, you will earn limitless 2% money rewards on purchases. This card can also be a Visa bank card as an alternative of a retailer card, so it may be used anyplace Visa is accepted.
- If you need particular financing: Go for a card with a 0% introductory APR on all purchases, just like the Chase Freedom Limitless®. You will take pleasure in 0% APR for 15 months from account opening on purchases and steadiness transfers (then a variable APR of 19.49% to twenty-eight.24% applies). You will additionally earn no less than 1.5% money again on all purchases, although new candidates can earn a further 1.5% again on as much as $20,000 spent within the first yr.
For added choices, take a look at our record of the most effective rewards bank cards.
The data for the MyLowe’s Rewards Credit score Card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
Associated: The highest 7 bank cards to maximise massive purchases
Is the Residence Depot card value it?
Typically, no. It match my wants for some particular purchases a number of years in the past, however I’ve since moved on. For the reason that card is restricted to purchases at Residence Depot and would not earn any rewards, it is solely a good selection for these needing particular financing choices. Nearly everybody else will probably be higher off with a 2% cash-back bank card — or one with a real 0% APR provide.
Associated: How to decide on a cash-back bank card
Backside line
I beforehand opened the Residence Depot Credit score Card when my spouse and I had been doing a big renovation, however given its array of limitations (and notable lack of rewards), we have since shifted our massive purchases to different playing cards. It may make sense beneath very particular circumstances, however most Residence Depot buyers will doubtless be higher off with completely different playing cards for his or her house enchancment purchases.
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