Editorial Disclaimer: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Advertiser Disclosure: Travel Freedom has partnered with CardRatings for our coverage of credit card products. Travel Freedom and CardRatings may receive a commission from card issuers. Travel Freedom may earn commissions from qualifying purchases.
home depot credit card

At Home Depot, credit cards from Visa, American Express, Discover and MasterCard are accepted in addition to the store’s branded credit cards. In our analysis, those who expect to make multiple purchases from Home Depot and wish to pay them off over time without any interest should consider a Home Depot credit card. But even then, they would have to be very careful about repayments as they can incur a huge interest.


Home Depot credit cards don’t provide any ongoing rewards for people who buy from Home Depot. But, if a person is planning to remodel their bathroom, kitchen or any other area of their home, they may be able to benefit from the special financing options of the credit cards. They just need to be aware of the deferred interest charges. These may come as a wicked surprise if they aren’t able to pay off the card before the promotional period ends.


Home Depot Credit Card Options

Two different cards are offered by Home Depot for consumers:

  1. Home Depot Consumer Credit Card
  2. The Home Depot Project Loan Card


Home Depot Consumer Credit Card

The Home Depot consumer credit card is accepted at HomeDepot.com and Home Depot retail stores. It comes with a $9 annual fee, but unlike many other credit cards, it does not give discounts or rewards for purchases. The main benefit of this Home Depot credit card is that on purchases of $299 or higher, the buyer gets 6 months of deferred interest. There are also special promotions during which the cardholder may be eligible for periods of deferred interest.


However, it is essential to understand the meaning of deferred interest. When deferred is offered by a card, it doesn’t mean that it is waiving the interest. Instead, the interest is only set aside until later. So, if a buyer pays off their purchase before the deferred interest period ends, they’re fine. However, if they carry a balance past the period’s end, they’ll be charged interest on their entire purchase that goes back to the date of the purchase. The APR can be 17.99% – 26.99%.


While a buyer won’t get points or cash back on their sanders, shovels, and saws with their Home Depot credit card, it does give cardholders unique discounts on specific seasonal and big-ticket items like 10 to 25 percent off on their new snowblower. These discounts frequently change like the financing deals.


Discount and financing deals can usually be paired with Home Depot coupons for better savings. Plus, since the cardholders aren’t charged an annual fee, they can keep all the savings. Cardholders also enjoy a greater return period: they’ll have up to a year to make returns.


Application and Approval Requirements

Obtaining Home Depot credit card with a so-so credit score is extremely difficult – typically consumers with a credit score above 650 are approved. Consumers can check if they’re prequalified for the Home Depot credit card before they apply. If they don’t need pre-qualification, they can directly apply for their card online or in-store.


Home Depot Project Loan Card

These cards are issued in conjunction with project loans from Home Depot. Loans for up to $55,000 are available from Home Depot for major projects such as kitchen or bathroom remodeling, new flooring or new roof. A borrower can access their loan funds with Home Depot Project Loan Card. They have six months for spending the money. During this period, they are only required to pay interest on the amount they borrower. After that period called the “draw period” is over, a borrower has 84 months for paying off their balance.  The APR is currently 7.99 percent.

home depot credit card review


Home Depot Credit Card Login Information

Once a consumer has the Home Depot credit card of their choice, they can easily manage their account online. Once they receive the card, they’ll have to register it online. Each Home Depot credit card has a separate registration page. The cardholder will have to:

  • Enter their credit card number
  • Name as it appears on their credit card
  • Enter the 3-digit security code from their card
  • Their email address
  • Enter their billing ZIP code
  • Choose their username and password
  • Select the options they prefer for electronic statements and online payments
  • Click “Verify” button


Assuming the information provided by the cardholder is correct, they’ll be prompted to provide the username and password for their account.


Each card has a separate login page that cardholders can use to sign into their account.


Once they’ve have logged in, they can manage their account and make payments. These features can also be accessed directly from the Home Depot’s website and Home Depot Credit Center. Payments can be made following these steps:

  • The cardholder first needs to log into their Home Depot account
  • Click on the option for making an online payment
  • If it’s their first time making an online payment, the cardholder will have to enter their bank information like the name of the bank and routing number
  • Once their bank is verified, they can enter the amount they want to pay and submit their credit card payment


Is a Home Depot Credit Card Right For You?

If you’re often purchasing from Home Depot and want to spread the cost of a major purchase over time without interest, it might be a good idea to consider the Home Depot credit card. If you can acquire a discount on your purchase, that would be great.


However, if you have a good credit score, you may be better off with a card that has a 0 percent introductory APR on purchases. These zero percent periods are usually longer than 6 months. Instead of deferring it, these credit cards waive interest during the zero-percent period. What this means is that if you have an unpaid balance after the zero percent period, you’ll only be charged interest on your current balance going forward.


If you just want to buy things from Home Depot for smaller projects, you’ll likely not get a good value out of your Home Depot credit card. As we said earlier, there are no rewards for shopping at the store with a Home Depot credit card. A better option would be to get a credit card that offers a 1.5 percent reward on all purchases.


An Alternative Card – Lowe’s vs Home Depot

Consumers who have Lowe’s home improvement stores in their area should consider the Lowe’s Consumer Credit Card instead of the Home Depot credit card. The Lowe’s credit card gives 5 percent off on all purchases at the store with the exception of some products, services, and brands. There isn’t any annual fee and for purchases of $299 or more, consumers can use deferred interest financing instead of getting the 5 percent discount.


Our Last Thoughts on the Home Depot Credit Card

In a nutshell, the major benefit of the Home Depot credit card is the possibility of utilizing special financing options. On the other hand, the Home Depot Project Loan Card isn’t a typical credit card and is only given in conjunction with a loan from Home Depot. So, Home Depot credit cards would only be right for you if you need to finance major home improvements projects from the store. Otherwise, you should consider other credit cards in the market like the Lowe’s Consumer Credit Card.


The 3 Best Alternative Credit Cards to Consider

Maybe you can do better than this credit card. If you have good credit, you should consider a few other options that will give you better benefits. The credit cards below are a few of our favorites, especially if you’re interested in traveling more. A few of these cards have signup bonuses that are big enough to redeem for multiple round trip flights. My wife and I used our Chase Sapphire Preferred signup bonus to book round trip flights for the both of us to Hawaii! It was well worth researching and getting the best credit card.


 Cash Back AlternativeCash Back AlternativeTravel Rewards Alternative
Chase Freedom
Home Depot Credit Card Review (BONUS: 3 Better Alternative Cards) 1
Chase Freedom Unlimited
Home Depot Credit Card Review (BONUS: 3 Better Alternative Cards) 2
Sapphire Preferred
Home Depot Credit Card Review (BONUS: 3 Better Alternative Cards) 3
Signup Bonus$150 (15,000 pts)$150 (15,000 pts)60,000
Bonus Spending Categories5X on select rotating quarterly categories1.5X on all purchases2X on travel and dining
Annual Fee$0$0$95
Extra PerksBaggage insurance, trip insurance, rental car insurance
Best for People Who...Want no annual fee

Also have a Sapphire card

Want to earn bonus points on spend
Want no annual fee

Also have a Sapphire card

Want simple 1.5 bonus
points on every purchase you make
Want a large introductory bonus

Like to Travel
Learn More >>Learn More >>Learn More >>


Decision Time: Which Credit Card is Really the Best for You?

Here at Travel Freedom, we like to travel, which is why we always prefer having travel credit cards for ourselves. You might be the same as us or maybe you’d rather use your points as cashback. Either way, all of these cards earn Ultimate Rewards that can be used for either travel or as cash back.


We think that any four of these cards are a better option than the above-reviewed credit card. They earn points that are both valuable and very versatile. You can redeem them for an assortment of things including our favorite, TRAVEL!

About Lindsay

Lindsay is a frequent traveler who loves traveling for free. She uses points and miles for free travel whenever possible. Her favorite locations include Thailand, Iceland, Nashville, and Hawaii.

Advertiser Disclosure: Travel Freedom has partnered with CardRatings for our coverage of credit card products. Travel Freedom and CardRatings may receive a commission from card issuers.