Does Home Depot give a discount on cards for its customers, in order to make shopping easier both in stores and online? This article will cover things you should know about home depot credit cards and if there’s a discount when you purchase with home depot cards.
It is always interesting walking through home depot stores and having a sight at improving your home in the future.
The home depot consumer credit card, unfortunately, doesn’t elicit the same good belief, even when it’s a $0 annual fee.
Furthermore, this is due to the store-branded card’s limited benefits and lack of continuous rewards.
A flat-rate cash-back or rewards card would likely be more advantageous for even the most devoted Home Depot Patron or patrons.
Does home depot Offer a discount on Cards?
Consumer and business credit cards are two types of credit cards that Home Depot offers.
On the consumer side, Home Depot provides a credit card that customers can use in its stores.
With this card, purchases made for $299 or more are subject to 0% financing for six months.
so, there is no clear discount offer available when you purchase with any of the home depot cards. however, you can get other benefits that come with the cards.
Things to Know About the Home Depot Consumer Credit Card
1. You Don’t Have to Carry a Balance
You should avoid carrying a balance from month to month, even if you decide not to take advantage of the delayed interest option.
The recurring interest rate on many store-branded credit cards can be extremely high. 17.99%, 21.99%, 25.99%, or 26.99% is the continuing APR, which is variable.
2. Cardholders Enjoy a Longer Return Period and Exclusive Offers
Regular Home Depot customers may find it beneficial since the card provides hassle-free returns for a full year, which is four times longer than you would typically receive on Home Depot purchases.
Cardholders may also be eligible for up to 24-month financing during specific promotions.
3. There is a Modest discount for New Cardholders
The Home Depot Consumer Credit Card offers new customers $25 off purchases, between $25 and $299, $50 off purchases between $300 and $999, or $100 off purchases over $1,000.
Still, there are no recurring benefits for in-store purchases, in contrast to many store-branded credit cards.
You have the option of the 5% discount or a comparable deferred interest offer for purchases of $299 and above.
4. A Different Card is Available from Home Depot for Bigger Projects.
The Home Depot Project Loan Card, which is another product offered by Home Depot, enables cardholders to borrow up to $55,000 for significant home renovation projects.
You might be eligible for a loan as low as 7.42% as of February 2023, but your exact terms will vary.
It’s designed to finance large renovations such as kitchen or bathroom remodels.
5. It provides deferred interest that is not waived.
A major home improvement project can be financed with the Home Depot Consumer Credit Card; in fact, it is its main selling feature.
On purchases of $299 or more, it offers deferred interest for six months.
Hence, keep in mind that a legitimate 0% intro APR deal differs from deferred interest.
While the latter temporarily waives interest, the former merely “put aside” interest.
The home depot card comes with its own special offers and benefits for all its customer and employees.
However, when you purchase with the home depot cards you enjoy offers different from 10% and 20% off.