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The Home Depot Consumer Credit Card – Costs and Benefits of a Home Depot Credit Card & Is It Right for You?

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Home improvement items are one of the most common purchases homeowners make each year. As all homeowners know there is always a need to improve something around a home. Because of this, there is never a short supply of need for home improvement supplies. From home maintenance to home improvement and landscaping, homeowners are always in need of buying many different things to take care of their homes.

The good news is that today there are great home improvement stores that offer consumers a full line of home improvement supplies all in one place like the Home Depot. From Interior to exterior home improvement supplies, property maintenance, and landscaping needs, Home Depot offers consumers choices for every area of the home and now they offer a store credit card for their consumers.

The Benefits Of A Credit Card From The Home Depot

Getting a credit card especially for home improvement can be especially helpful for homeowners. In addition to getting the availability to build a home improvement credit line, a home improvement store credit card also offers an easy way to pay for supplies instead of carrying cash. That is why Home Depot now offers consumers a great credit card to help homeowners and contractors buy home improvement supplies.Since some home improvement projects can be expensive, having an extra credit line available to complete these projects can be very helpful for homeowners and contractors. Home Depot credit cards are the perfect solution for contractors and homeowners who are actively working on home improvement projects. It is a great card that provides extra financial credit for home improvement supplies and landscaping. Home Depot credit cards are great for buying home improvement supplies for projects such as:

  • Refinishing Floors
  • Refinishing Bathrooms
  • Refinishing Kitchens
  • Exterior Improvements
  • Home Maintenance
  • Electrical Supplies
  • Plumbing Supplies
  • Lighting Supplies
  • Yard Maintenance
  • Landscaping

Benefits Of Home Depot Credit Cards

With the Home Depot Credit Card, consumers get access to a credit line that allows them to access home improvement supplies and pay for them over time. This can be especially important for emergency repairs. The initial APR on this credit card is 0% for either 18 or 24 months depending on approval.

The interest rate on this credit card is an excellent saving over other typical credit cards that most consumers carry. Once the initial 18 to 24-month period is over the credit card interest rate becomes 17.99-26.99% APR. As an added benefit, Home Depot credit cards have no fees for monthly over the limit balances. Payments can be made through their online bill pay and credit card owners can see all account activity readily. In addition, consumers can pay their bills in store as well. Consumers who have this credit card also get access to special deals that only Home Depot cardholders get. Home Depot’s online account system can be especially important for consumers who are working on projects making it quite easy to track purchases and expenditures. As an additional feature for all Home Depot consumers, Home Depot offers their consumers an ability to have all their receipts emailed to them or printed or both.

How To Sign Up And Apply For A Home Depot Credit Card

The sign up for Home Depot credit card is easy and consumers can apply online. The process generally only takes about 20 minutes and all approvals are handled through the online system. Consumers who have fair credit are usually approved for Home Depot’s credit card. That means that a person who has a fair credit score of at least 620 is usually granted approval for this credit card. Once the application is completed online, consumers are either notified of approval or denial. People who are approved can receive their new credit card within two weeks and those who are denied usually get a denial letter in about the same time frame.