Spruce Up Your Home with a Home Depot Credit Card
Home Depot, a home improvement store, offers its customers the opportunity to apply for a credit card. A Home Depot credit card makes it convenient to shop, especially if you are doing major renovations around the home and spending a large amount of money. But like everything else, be sure to read the fine print for qualifiers or disqualifiers for using the card. You may discover all that glitters is not gold. Or you may discover, the card is just right for you.
The Home Depot credit card is issued by CitiGroup. Consumers may apply for the credit card by phone, at a Home Depot store or online through the CitiCard web page. Applying online is safe as CitiGroup utilizes the Secure Socket encryption system for secure data transmission. To apply for a credit card, the applicant must be a resident of the United States, at least 18 years of age and have a valid social security number. The applicant has to provide personal and financial information as well as provide a street address and not a post office box. The applicant may receive instant approval or the applicant will be notified within 30 days by postal mail of your application status. To be approved, the applicant must have a reasonable credit rating and credit history along with a moderate income. Upon approval, the applicant can expect to receive the card within 14 days. Before using the card the applicant will be required to follow the activation process. Once the account is approved the credit card holder will have the opportunity to open an online account to view, manage and pay your bill online. There is no annual fee for the credit card, which is quite rare these days. The annual percentage rate (APR) is between 17.99% and 26.99%. Applicants may qualify for a lesser APR but according to the Home Depot web page less than half of the credit card holders will qualify for a rate under 25.99%. A penalty rate for overdue payments may be as high as 29.99%. A typical promotion is if the credit card holder makes a purchase of at least $299, no interest is charged if paid within 6 months, making minimum payments. If you do not make the required payments within the specified time frame, interest is charged on the purchase balance beginning from the purchase date. Occasionally, Home Depot will present special offers for credit card holders only such as deferred payments on certain products, special sales prices and unadvertised sales as well as certain dollar credit when purchases are made within defined time frames.
A Home Depot credit card can only be used at Home Depot stores and www.homedepot.com. Online access makes it easy to apply for a credit card as well as view and manage your account. Home Depot will not accept store credit towards a payment on your credit card. Keeping your account current will maintain your good credit rating or boost a sagging credit score.