Home Depot Credit Card Review: All The Business & Personal Credit Cards Offered By Home Depot

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Store-specific credit cards are a common tool these days. Offering special financing and unique rewards, these cards can work for any business. Frequent Home Depot shoppers will be pleased to know that the home improvement store offers an array of store-specific cards.

Because Home Depot offers four such cards — most in conjunction with Citibank — we’ve decided to do a thorough breakdown detailing each card in-depth. Each card offers its own unique pros and cons, so one that might work for a neighboring business may not suit yours.

So which Home Depot card is best for your business? Read below to find out!

Home Depot Commercial Revolving Charge Card

Despite its name, this card is not a charge card. With a normal charge card, you need to pay off your balance every month. With Home Depot’s “charge card,” you have the additional option to make payments in increments. Do note that taking extra time to pay off your balance will incur an APR, which is also something that doesn’t really exist with a normal charge card.

This card does feature a basic fuel rewards program. For every $100 you spend on Home Depot purchases, you’ll get a $0.10 per gallon savings when you fuel up at Shell and other select gas stations. You’ll be able to buy up to 20 gallons of gas with the savings in effect.

You’ll also have the option to pay off purchases up to 60 days after buying without interest. Additionally, you can request employee cards, and there are no annual fees to worry about. Cardmembers also get one full year to make returns, up from Home Depot’s standard three-month return policy.

Note that this card can only be used at Home Depot; it is not a fully-fledged credit card.

Home Depot Commercial Account Credit Card

Unlike Home Depot’s named “charge card,” their Commercial Account Credit Card is indeed a charge card. This card does not have an APR because it requires that you pay in full every billing period. You do, however, get the option to set a payment period of either 30 or 60 days.

Like the Revolving Charge Card, this card has access to Home Depot’s basic fuel rewards program. You’ll net a savings of $0.10 per gallon when purchasing fuel at Shell and other select gas stations for every $100 spent on Home Depot purchases. You can buy up to 20 gallons of gas while applying the savings.

You can also hand out employee cards, and there is no annual fee attached to this card. You’ll further be able to return items up to one year after purchase; that’s four times longer than Home Depot’s regular return policy.

Because this card is only available for use at Home Depot, note that it is not a full-on credit card.

Home Depot Consumer Credit Card

For general consumers, Home Depot has crafted its Consumer Credit Card. While this card is not specifically aimed at businesses, you could still use it on purchases to utilize its benefits.

The highlight of this card is special financing benefits. You’ll be able to get everyday financing for the first six months on purchases of $299 or above. This means you won’t pay interest if you pay off the purchase in full within six months; however, interest will be charged from the date of purchase if you don’t pay in full within six months.

Home Depot also regularly features other special financing offers that can give you special financing for up to 24 months. You’ll need to make purchases in specific categories (like appliances, mowers, or installed fencing) to take advantage of extended financing.

Unfortunately, this card does not offer any sort of rewards program. On the plus side, however, you won’t need to pay an annual fee. You’ll also get access to exclusive offers and the ability to return items up to one year after purchase.

Just like with the two business-angled cards, the Consumer Credit Card is only available for use at Home Depot.

Home Depot Project Loan Card

Not really a credit card, this offering from Home Depot lets you apply for a loan that you can then use to make purchases at the home improvement store. Unlike the three above cards (which are offered through Citibank), Home Depot has teamed up with GreenSky for this card.

Once you apply for a loan and are approved, you’ll have an 84-month schedule to repay. The amount you’ll be required to pay varies depending on how much you request and the card’s fixed 7.99% APR. You’re allowed to apply for a credit line of up to $55,000.

Note that after you are approved for this card, you’ll have a six-month window to purchase products or installation services. There are no annual fees to worry about with the Project Loan Card. However, because it is technically a loan, don’t expect any rewards like you might receive with a normal credit card.

How To Qualify For A Home Depot Credit Card

To qualify for Home Depot’s credit cards, you’ll want to have at least a fair credit score that’s in the upper 600s. Note that this is not a hard and fast rule; your full credit history will be considered, so you may qualify with a lower-than-average score or you may be rejected with a higher score.

Don’t know your credit score? Check out our favorite (and free!) credit score-checking websites!

Additionally, you’ll need to be at least 18 years of age and reside within the United States.

Which Card Should I Get?

Like with many credit cards, the right Home Depot card will vary depending on the user. Here’s a quick breakdown:

• If you are looking for a Home Depot-specific card with rewards and the potential to delay paying interest, then go with the Home Depot Commercial Revolving Charge Card.
• If you want rewards, but don’t want to deal with interest, then the Home Depot Commercial Account Credit Card may be your best route.
• If you are looking for even better financing alternatives and don’t care about rewards, then look into the Home Depot Consumer Credit Card.
• If you need money for a specific project and don’t plan to shop at Home Depot on a regular basis, then the Home Depot Project Loan Card is an option. Of course, it’s technically a loan that you’ll be paying interest on. As such, only apply if you lack the money now but can afford the extra costs in the long term.

You’ll also want to note that these cards cannot be used outside of Home Depot. If you’re looking for your business’s next fully-fledged credit card, check out our favorites. Those that are needing money for a specific project can also look into getting a small business loan.

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