Home Depot Consumer Credit Card Review: Is It Worth It?

Home Depot Consumer Credit Card
While the Home Depot Consumer Credit Card offers some attractive benefits, the downsides outweigh the pros. Keep reading to find out more.
  • Annual Fee:
  • Regular APR:
    17.99% - 26.99% Variable APR

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When it comes to home improvement projects, some can be fun, and some can arise from urgent necessity.

However, one constant across the board is that big renovation projects can be expensive.

Construction projects may require a lot of money. Sometimes, financing your material and tool purchases is the most cost-effective solution and helps you keep control of your cash.

Citi’s Home Depot Consumer Credit Card is a potential solution with unique financing options and is relatively accessible for customers with a wide range of credit scores.

Today we will review the Home Depot Consumer Credit Card, outline some pros and cons, and ultimately decide who would make the most use of this card.

Home Depot Credit Card Pros and Cons


  • First purchase discounts ranging from $25-$100.
  • Generous extended return terms – up to 180 days.
  • Interest-free terms of purchase over $299 for six months, with some purchases eligible for 24 months.
  • $0 Annual Fee


  • The deferred interest model creates the potential for a significant interest penalty if the balance isn’t paid within 6 months.
  • No rewards or cash back programs available
  • Longer 0% introductory periods available without deferred interest penalty

What Is the Home Depot Consumer Credit Card?

The Home Depot Consumer Credit Card is The Home Depot’s foray into store-branded credit cards. It relies heavily on introductory promotions to incentivize customers to tackle their home improvement projects at their store.

If customers make purchases of $299 or more, they qualify for 0% interest for six months if they pay the entire balance off before the end of the promotional period.

Other promotions include interest-free options for various appliances up to 12 months, HVAC purchases up to 24 months, and seasonal sales on tools like snow blowers.

If you plan on upgrading your home, this card may be a helpful tool as long as you pay off the entire balance before the promotional period ends; otherwise, you’ll get hit with a sizeable, deferred interest penalty.

A good rule of thumb for this card is to determine if the project will increase the value of your home. If you are upgrading a bathroom or modernizing your kitchen, this promotion can be beneficial.

However, if you are looking for a credit card to purchase some new tools, you may want to look at cards with more extended introductory periods that offer rewards.

How Does the Home Depot Consumer Credit Card Work?

Customers approved for the Home Depot Consumer Credit Card are eligible for an introductory interest-free promotion if they make purchases over $299 and pay their balance by the end of the initial period. New cardholders are also eligible for a generous discount on their first purchase.

Aside from the introductory incentives, cardholders are eligible for seasonal discounts, extended return terms, and extended warranties.

Home Depot Credit Card Features:

Finance Large Purchases (Special Financing Offers)

The primary purpose of the Home Depot Consumer Credit card is to aid in financing home improvement projects that are expensive and time-consuming.

Customers approved for the card qualify for 0% interest for six months on purchases over $299.

The card also offers additional APR promotions throughout the year so customers can stagger projects over time without rushing to charge everything at once.

This is especially beneficial if they have one or two more expensive projects to tackle and then some smaller projects after those.

Deferred Financing

Deferred financing is when interest accrues but is not due until the end of a promotional period. This is extremely important to understand if you are considering the Home Depot Consumer Credit Card.

With a standard 0% intro APY credit card, interest does not accrue and is not due until the introductory period is over.

However, with the Home Depot Credit Card, no interest is due if you pay the entire balance within the six-month promotional period.

But, if any balance, even a penny, is left at the end of the promotional period, the whole amount of interest that would have been charged is owed.

With interest rates going up to 26.99%, that could be a substantial interest bill depending on the amount financed.

If you do not anticipate paying the entire balance within six months, you may want to opt for a credit card that offers better terms for a more extended period.

Extended Warranty

Cardholders have access to special extended warranty offers and longer return terms.

For example, most purchases at Home Depot are subject to 30, 90, or 180-day returns, but the Home Depot Consumer Credit Card extends the return period to up to a year for some items.

First Purchase Discounts

Most credit card customers expect an incentive or bonus when they open a new credit card, usually in points or cash back.

The Home Depot Consumer Credit Card offers a different approach by providing a one-time discount on the first purchase made with the card.

The rewards scale the more you spend which equates to:

  • $25 off a purchase of $25 or more.
  • $50 off a purchase of $300 or more.
  • $100 off a purchase of $1,000 or more.

If you are getting this card to help finance a large project, you should try to get the $100 off if possible since the first purchase discount is a one-time offer that cannot be extended.

Fair Credit Applicants Accepted

The Home Depot Consumer Credit Card is geared for applicants with fair to excellent credit (580-850).

Since store credit cards are often easier to apply to, most customers can apply and get approved for the Home Depot Credit Card.

Robust Security

Since this is a Citi card, customers have some solid security features, including $0 liability for unauthorized charges, free card replacement, and customizable security notifications.

The Home Depot Consumer Credit Card Pitfalls

  • High Standard Purchase APR: with a rate up to 26.99%, this card has very high-interest rates that could rack up serious interest charges if a balance is carried.
  • No Bonuses: While the first purchase discount can be helpful, many credit cards offer more generous bonuses, even with $0 annual fees.
  • No Rewards Program: Brand loyalists usually enjoy a points or rewards program to incentivize shopping, but the Home Depot Consumer Credit Card does not offer any loyalty rewards program.

Home Depot Consumer Credit Card Alternatives (Who We Like More)

What cards are comparable to the Home Depot Consumer Credit Card? Let’s look at three of the top cash back credit cards without an annual fee:

#1. Citi® Double Cash

The Citi® Double Cash is a classic and powerful cash back credit card. Customers can earn unlimited 2% cash back on all purchases.

1% cash back is generated when you swipe the card, and you earn the other 1% when you pay your balance.

Since there are no caps or limits to how much cash back you can earn, the Citi® Double Cash is an excellent choice if you shop at various stores.

#2. Discover it® Cash Back

The Discover it® Cash Back is a jack-of-all-trades in the cash back market since it offers generous bonus categories that generate 5% cash back and unlimited 1% back on everything else.

Bonus categories include grocery stores, gas stations, restaurants, and online shopping. Instead of a traditional introductory spending bonus, the Discover it® Cash Back offers a matching bonus where they will pay double the cash back you earned over the entire first year with the card.

So, if you made $300 in cash back, you would receive a $300 bonus bringing your total to $600.

#3. Blue Cash Everyday® Card from American Express

The Blue Cash Everyday® Card is one of the best grocery and gas cards on the market. With a $200 introductory spending bonus, 3% back at supermarkets, 2% cash back at gas stations, and 1% back on all other purchases, this card is packed with value.

Since this card has no annual fee and a generous 15-month 0% intro APR, it hits the sweet spot for the average consumer while providing stellar cash back rewards.

Home Depot Credit Card FAQs

Is It Hard to Get a Home Depot Credit Card?

Consumers with fair to excellent (580-850) can apply for this card, and they have a high approval rate, so it should not be difficult to qualify for the Home Depot Consumer Credit Card.

What Bank Is the Home Depot Credit Card From?

Citi issues the Home Depot Consumer Credit Card.

Who Is the Home Depot Consumer Credit Card Best For?

This card is best for customers who regularly shop at Home Depot and do not typically carry a balance. The Home Depot Consumer Credit Card is especially helpful for people who are taking on home upgrade projects and want to stretch their cash without paying interest.

Bottom Line: Home Depot Credit Card Review

The Home Depot Consumer Credit Card is a helpful tool if you plan a large home improvement project.

It’s essential to take advantage of the first purchase bonus and ensure you can pay the entire balance after the 0% introductory period.

However, if you are looking for an everyday credit card, there are much more lucrative cash back cards with substantially lower interest rates and better reward structures.

Keep Shopping:

Justin Estes
Justin Estes

Justin Estes is a Senior Personal Finance Writer who is a recognized small business accountant, consultant, and credit card expert. His background in accounting and finance led to a passion for helping people make the most of their money and matching them with financial products that enhance their lifestyle. Justin attended Charleston Southern University where he double-majored in Finance and Accounting. Justin’s areas of expertise are credit cards, small business finance, accounting, and taxes.