The minimum recommended credit score for this credit card is 640. Getting approved for a credit card requires a little planning. Most credit card offers require very good credit. When applying for new credit it’s important to know what your credit scores are and what’s on your credit reports.
A frequent question we ran across in our research was “What credit score do you need for a Home Depot card?”.
Both Home Depot credit cards are store cards, meaning they can be used only at Home Depot. Their 640+ credit score requirement is consistent with that of other store credit cards. Just having the credit score needed for a Home Depot card doesn’t guarantee approval.
Another frequent inquiry is “Which credit score does home depot use?”.
Home Depot reports that you’re “more likely to be approved” for the Home Depot credit card with a score of 640 or higher. There are user reports of being approved with a score as low as 600. Ensuring your balances are low and that you have less than six inquiries will help.
If you have limited or fair credit, it’s more of a discussion. You can see exactly where you stand by checking your credit score for free on Wallet. Hub – the only site that offers free daily updates.
What are the requirements to get a Home Depot credit card?
All Home Depot credit cards are issued by Citibank. Credit score requirement: Minimum 640-699 credit score (fair credit) . Age requirement: Must be at least 18 years old. If under 21 years old, must have proof of independent income or a co-signer.
Also, how does the Home Depot credit card work?
One way to think about this is the Home Depot® Credit Card is a $0 annual fee store credit card that’s best for low-cost credit improvement and financing big-ticket projects . Instead of offering ongoing rewards, as is common among store cards, the Home Depot Credit Card offers a 0% introductory interest rate for 6-24 months on purchases of at least $299.
It’s important to know that prequalifying does not guarantee actual approval for a Home Depot Credit Card account. But it does give you dramatically higher odds than the average applicant.
Is a Home Depot project loan a credit card?
Customers will find that a Home Depot project loan is somewhat like a Home Depot credit card because this is a credit line . But there’s a big difference: Unlike a credit card, where a user has a continuous line of credit, purchases made through Home Depot’s project loan must be made within six months after approval.
And Home Depot will pull your credit reports and credit scores at the time of your application. Who is a Home Depot project loan good for? If you need to finance a home improvement project, a Home Depot project loan may be worth exploring for a large amount at a competitive fixed rate.
What is the regular Home Depot credit card interest rate?
The regular Home Depot® Credit Card interest rate is 17.99% (V) , depending on your creditworthiness. You’ll need at least fair credit – a credit score of 640 or higher – for approval. If you have fair credit, you may end up with an APR on the higher end of the range.
Instead of offering ongoing rewards, as is common among store cards, the Home Depot Credit Card offers a 0% introductory interest rate for 6-24 months on purchases of at least $299 .