Home Depot Credit Card – Advantages & Disadvantages

The Home Depot Credit Card is offered by the home depot store, which is one of the largest home improvement centers in the country. These plastic cards are accepted at over 250 stores throughout the United States and Canada. You can find these cards at many other outlets, but the Home Depot credit card has proven to be the most popular. The Home Depot credit card offers various credit cards with varying rewards programs for home construction and home improvement purposes. These cards usually come with a high annual fee, but they also offer some of the most generous financing opportunities available to people with good to excellent credit.

Many of the perks associated with the home improvement/home repair store credit card include free shipping when you make your purchase and no annual fee. You can also enjoy additional discounts at many of the home improvement centers throughout the country, as well as money off of your balance when you pay your balance in full each month. There are also a variety of incentives when you shop at home depot. For example, if you use your card to pay for certain home repairs, you will receive a certificate redeemable for a future date.

The home improvement store credit card also offers an incentive program called the special discount offers. These special discount offers include savings on your merchandise, free home delivery, and additional rebates on purchases. For example, if you use your card to make your first home repair, you will receive a percentage of the cost up to a maximum of six months of financing. If you then make three more repairs, you will receive ten percent off, or five percent off if you select the home improvement center’s basic package.

Some of the other perks that the home depot credit card offers include a service that provides insurance on the purchases you make and on your home. This is great protection if there is a mistake made. Also, these cards usually offer a grace period of two months following your purchase, during which time you can return any items that you have not bought.

Like most credit cards, there are disadvantages. One of the major disadvantages is that you will be hit with a late fee if you are late making a purchase. Also, if you go over your credit limit, you may face additional fees. Many of these fees are automatically applied to your balance, but you have the option of calling the home improvement center and asking them to apply the fees to your account without being billed.

Another disadvantage of this home depot credit card is that the interest rate is quite high. For a person who makes regular monthly payments, the interest rate can become as much as twelve percent. In addition, the terms of the loan are fairly short, which means that it will take you much longer to pay it off, even if you make all of your monthly payments. In the long run, people who take advantage of this type of loan will find that their home improvements projects will take much longer than they originally planned, so it is probably best to avoid this type of loan.