The Home Depot Consumer Credit Card review: Build your credit and finance your projects
This card is best for building credit while financing short-term home improvement projects.
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Snapshot
2.1
Bottom line
This card is ideal for financing a large project at Home Depot and getting an initial discount but offers little else. It has no rewards, intro APR offers or ongoing discounts.
Purchase intro APR
N/A
Regular APR
17.99% - 26.99% Variable
Intro offer
N/A
Rewards rate
N/A
Bankrate Score
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The Home Depot Consumer Credit Card overview
The Home Depot Consumer Credit Card is a store-specific home improvement credit card. With no annual fee, financing options and initial discounts, this can be a decent option for people with less-than-ideal credit to pay for home improvements and improve their credit scores.
With no rewards or other incentives to continue spending, this card is best for financing projects. Like other store-branded cards, it comes with a high APR, which can be very costly if you fall behind on payments. If financing isn’t a primary concern, other rewards-earning cards will undoubtedly be a better alternative.
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Rewards
- This card doesn’t offer any rewards
Expert Appraisal: Weak
See our expert analysis -
Welcome offer
- Get a $25 discount on a purchase of $25 to $299, a $50 discount on a purchase of $300 to $999 or a $100 discount on a purchase of $1,000 or more (excluding tax and delivery fees)
Expert Appraisal: Typical
See our expert analysis -
0% intro APR offer
- 0 percent introductory rate on financing for the first six months to two years for purchases over $299
- 29.99 percent APR after
Expert Appraisal: Typical
See our expert analysis -
Rates and fees
- Annual fee: $0
- Late fee: $40
Expert Appraisal: Typical
See our expert analysis -
Other cardholder perks
- Return policy extended from 3 months to 1 year
- Zero liability on unauthorized charges
Expert Appraisal: Unimpressive
See our expert analysis
The Home Depot Consumer Credit Card pros and cons
Pros
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This card has no annual fee, so it doesn’t have extra costs to keep in your wallet.
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It has fairly relaxed credit requirements; we recommend fair to good credit for approval.
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You can get no-interest financing for as long as two years, which can help finance large home improvement projects.
Cons
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This card has no rewards or incentives, weakening its value compared to other store credit cards.
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The ongoing APR is high compared to other cards.
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Deferred interest charges can quickly accumulate unless paid before the end of the finance period.
Why you might want the Home Depot Consumer Credit Card
The ideal use for the Home Depot card is when you have an upcoming home improvement project that you can’t pay in full upfront. Using the card’s initial discount and financing offer gives you breathing room to pay for your project without paying interest as long as you pay the balance before the end of the financing term.
Intro APR: Good financing options
Spreading out costs over time without paying interest is a valuable tool to finance a project or build credit. This card offers various financing options on purchases more than $299, meaning you can get the materials you need from Home Depot and have the flexibility to pay it back over time. Depending on your credit score, you can get anywhere from six to 24 months of 0 percent financing.
For example, if you finance a $1,000 purchase over 12 months, you’ll need to pay around $84 per month to pay in full. In that same time frame, if you used a regular card with a 29.99 percent APR, you’d pay about $170 in interest while paying $98 per month, for a total repayment of around $1,170. People who do their own projects or manage their own properties may find this feature very handy.
But if you don’t pay the entire balance off by the end of the term, you’ll be responsible for all interest accrued from the date of the purchase.
Welcome offer: Discount on initial purchase
The welcome offer on this card gives a solid discount on your single-receipt purchase. You can get a $25 discount on a purchase of $25 to $299, a $50 discount on a purchase of $300 to $999 or a $100 discount on a purchase of $1,000 or more.
Getting $100 off a $1,000 purchase equates to a 10 percent discount, which is a good value for Home Depot fans compared to what other cards offer on these purchases.
Since the welcome offer is tied to your initial purchase, you’ll want to spend enough to get the maximum discount. If you won’t be spending that much, choose a different option. You could use a flat-rate card like the Citi Double Cash® Card or find a card with the best sign-up bonus that aligns with your regular monthly spending.
Rates and fees: No fees if you pay on time
Home improvement projects can be costly. With no annual fee and the possibility of up to two years of no-interest financing, this can be the best option to finance home repairs and improvements. When you have an expensive project, a card without extra fees can be a big help. As always, you’ll want to make sure you pay the bill on time to avoid potentially expensive interest charges. As with most store credit cards, the ongoing APR is high, meaning if you carry a balance, you’ll pay significant interest, which can quickly erase the value of the initial discount offer.
Why you might want a different store credit card
The Home Depot card’s value significantly diminishes after the first purchase, so you won’t want this card if you’re looking for ongoing rewards or discounts. While you’ll have no interest financing during your term, you’ll be responsible for any deferred interest if you don’t pay the entire purchase off by the end of the term.
Rewards: Earn points with other cards
You won’t earn any rewards with the Home Depot card, so it has no value for spending outside of financing options. This card functions primarily as a no-interest line of credit — if that holds no value to you, look elsewhere.
Many rewards credit cards offer bonuses in the home improvement category that will reward you well for these purchases. If you have ongoing spending needs, these cards will be better options. Home improvement spending can be a sizable expense, so if you don’t need financing, the potential for significant rewards could be more appealing.
Perks: Longer returns, not much else
While not uncommon for store cards, no notable benefits make this card fall short. It extends the window for returning eligible purchases from three months to up to a year, which can be useful when planning long-term projects. A return window of an entire year might also be helpful if a product is faulty within the one-year timeframe. However, these factors aren’t enough to be a decisive reason to get this card.
Deferred interest: high potential for trouble
This card offers deferred interest during the term of the financing offer. This means that while you aren’t responsible for paying interest during that time, interest will still accrue from the date of your purchase. If you pay your balance in full by the end of the term, you won’t owe any interest.
If you don’t pay the purchase amount in full by the end of the financing terms, the card will charge all the accrued interest from the original purchase date. This can be very dangerous because if you can’t pay the bill in full, these charges can begin to compound and can quickly become a massive financial burden. Under no circumstances do you want to find yourself getting hit with deferred interest charges.
How the Home Depot Consumer Credit Card compares to other store credit cards
The Home Depot card is only helpful as a short-term financing product for large Home Depot purchases. Compared to other cards that offer bonus categories and other incentives, this card doesn’t measure up.
The Home Depot Consumer Credit Card
Annual fee
Intro offer
Rewards rate
Recommended Credit Score
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
Annual fee
Intro offer
Get a $150 Amazon Gift Card instantly upon approval exclusively for Prime members
Rewards rate
Prime Card Bonus: Earn 10% back or more on a rotating selection of items and categories on Amazon.com with an eligible Prime membership. Earn unlimited 5% back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership. Earn unlimited 2% back at gas stations, restaurants, and on local transit and commuting (including rideshare). Earn unlimited 1% back on all other purchases.
Recommended Credit Score
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
Capital One Walmart Rewards® Mastercard®
Annual fee
Intro offer
Introductory offer: Earn 5% cash back on purchases in Walmart® stores for the first 12 months when you use your card with Walmart Pay
Rewards rate
Earn 5% cash back on Walmart.com purchases, including pickup and delivery . Earn 2% cash back on purchases in Walmart® stores, Murphy USA and Walmart® fuel stations. 2% cash back on restaurants and travel purchases. 1% cash back on all other purchases everywhere else Mastercard® is accepted.
Recommended Credit Score
A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.
Who is the Home Depot Consumer Credit Card right for?
The Home Depot card works best to finance projects when you need extra breathing room to pay it off. Getting the highest discount and longest financing term is the goal when using this card. This especially appeals to people with less-than-ideal credit, as it will also help build credit if used responsibly.
Bankrate’s Take — Is the Home Depot Consumer Credit Card worth it?
This card has one use: financing home improvement projects over time. It has some additional value if you need to build credit, but there is not much else worth it with this card. It is essentially a short-term line of credit.
It has no rewards or additional incentives to spend after the first purchase, outside of financing needs. You’ll also pay expensive fees if you don’t pay off the original purchase within the specified time frame. With so many other cards with better terms, benefits and rewards, this card doesn’t make much sense long-term for many people.
*All information about the Capital One Walmart Rewards® Mastercard® has been collected independently by Bankrate.com and has not been reviewed or approved by the issuer.
How we rated this card
Our proprietary card rating system takes into account a mix of factors when scoring balance transfer and low-interest cards, including each card’s introductory APR, intro APR period length, ongoing APR, balance transfer fee, perks and more.
While balance transfer and low-interest cards share a similar ratings rubric, we weigh features differently based on how a card is categorized. We categorize cards that carry an especially long intro APR offer on balance transfers as dedicated balance transfer cards, while cards that offer an especially low ongoing APR are considered general low-interest cards.
We analyzed over 100 of the most popular balance transfer and low-interest cards and scored each based on how its key features stacked up against those of other cards in its category.
Here’s a breakdown of what gave this card its score:
Frequently asked questions
What cardholders think
The Home Depot Consumer Credit Card
In May 2024, Bankrate collaborated with third-party SliceMR to survey 6160 cardholders nationwide. Bankrate and Slice MR collected, averaged and presented website analytics and cardholder responses to six questions on a 5-point scale. Responses are based on individual cardholder’s product details, and therefore cannot be verified for accuracy. Users received an incentive for their feedback. User ratings are unedited and have not been reviewed or approved by credit card issuers, nor do these ratings reflect Bankrate’s own reviews of these cards.
Community Reviews
* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.
Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.