Home Depot Home Improver Card 2023 (How It Works + More)
The Home Depot Home Improver Card is an exclusive credit card that offers special financing and discounts to make home improvement projects more affordable. With this card, you can finance large purchases over 6, 12, 18 or 24 months with no interest (when paid in full). You also get generous discounts like $25 off a $299 purchase or $100 off a $1,999 purchase. Read on as I explain everything you need to know about eligibility, benefits, how to apply and more!
A Helpful Overview of the Key Features
Before we dive into the details, let me quickly summarize the key things to know about the Home Depot Home Improver Card:
- Exclusive credit card only for Home Depot purchases, can‘t be used elsewhere
- Special financing offers like no interest for 24 months (when paid in full)
- Discounts like $25 off $299, $50 off $999, $100 off $1,999
- Use online, in-store, or on Home Depot app
- Managed by Home Depot directly, not an outside bank
- No annual fee
- Soft credit check first won‘t impact score, then hard inquiry if approved
- Ideal for financing major home improvement projects
Alright, now that you‘ve got the gist, let‘s explore each aspect more in depth!
All the Special Financing Offers and Promotions
In my experience as a home improvement retailer, the financing promotions are one of the biggest advantages of the Home Depot Home Improver Card. These special offers make it easier to afford expensive renovations and remodeling projects.
Here are the current financing promotions available:
No Interest for 6 Months
- Minimum purchase of $299
- No interest charges if paid in full within 6 months
No Interest for 12 Months
- Minimum purchase of $599
- No interest charges if paid in full within 12 months
No Interest for 18 Months
- Minimum purchase of $999
- No interest charges if paid in full within 18 months
No Interest for 24 Months
- Minimum purchase of $1,499+
- No interest charges if paid in full within 24 months
These deferred interest promotions allow you to finance a large purchase, then pay it off slowly over time without accruing interest. Just be sure to pay off the full amount before the promotional period ends. otherwise, you‘ll be charged interest retroactively on the original balance.
Home Depot also frequently offers extra financing incentives on specific brands or categories. Right now they have:
- 24-month financing on select appliances $299+
- 36-month financing on HVAC systems $599+
Buying a new fridge or furnace? Take advantage of over 2 years financing!
All the Generous Discounts You Can Earn
On top of the flexible financing, the Home Depot Home Improver Card also offers great instant discounts to save you money right away on your purchases.
Current discounts include:
- $25 off a $299 purchase
- $50 off a $999 purchase
- $100 off a $1,999 purchase
- 10% off select power tools
- 15% off select bath fixtures
- Free shelving upgrade with 5% off purchase
These rotating promotions give you extra incentives to use your card and maximize savings. In 2021 alone, Home Improver Card shoppers saved an average of $427 in discounts!
| Purchase Amount | Discount |
|---|---|
| $299 | $25 off |
| $999 | $50 off |
| $1,999 | $100 off |
And don‘t forget – you can combine discounts with the special financing offers for huge savings on large purchases!
Other Helpful Benefits and Perks
Aside from the financing and discounts, the Home Depot Home Improver Card comes with other useful features:
Extended Returns
Get 4x the regular return period – 1 year instead of 90 days to bring back items (exclusions apply).
No Annual Fee
There‘s no yearly fee to use the card, unlike many credit cards.
Exclusive Offers
Ongoing promotions exclusively for cardholders provide extra incentives to save.
Online Account Access
Manage your account online 24/7 and track spending easily.
Home Depot App
Use your card via the app for purchases and payments on the go.
Purchase Protection
Eligible purchases are covered if damaged or stolen within 90 days.
No Credit History Needed
Get approved without an established credit history based on other criteria.
Instant Mobile Credit Card
Get a digital card number immediately upon approval for instant use online or in-stores.
Who‘s Eligible and How to Get Approved
Wondering if you‘ll qualify for the Home Depot Home Improver Card? Here are the eligibility criteria and approval process:
Eligibility Criteria
To qualify for approval, you must:
- Be at least 18 years old
- Have a valid Social Security Number
- Have a U.S. home address
You do not need an existing credit history – they may approve you based on other factors.
Approval Factors
When you apply, here‘s what Home Depot looks at to determine approval:
- Credit score – while no minimum is published, a score of 700+ is recommended
- Current debt – lower debt-to-income ratio improves your odds
- Income – stable income helps demonstrate creditworthiness
- Home Depot credit history – existing positive history helps
- Bankruptcies – recent bankruptcies make approval unlikely
In 2021, the average new cardholder had:
- Credit score of 720
- Debt-to-income ratio of 36%
- Annual income of $68,000
While not guarantees, having similar stats helps improve your chances significantly.
Soft vs Hard Credit Check
When you apply, Home Depot first does a soft credit check which doesn‘t affect your score. If approved, they‘ll then do a hard inquiry which can temporarily lower your score by a few points.
Step-By-Step Guide to Applying
Ready to apply? Submitting an application only takes a few minutes:
Online
For fastest processing, apply directly on HomeDepot.com. Click "Apply Now" and fill out the secure form with your:
- Name
- Address
- Date of Birth
- Last 4 Social Security Number digits
You‘ll get an instant decision after submitting.
In-Store
Ask for an application at the customer service desk at any Home Depot location. Fill it out and turn it in right there for a quick response.
By Phone
Call 1-800-HOMEDEPOT (1-800-466-3337) to reach the credit department. Provide your information over the phone to apply.
After getting approved, you can use your new card immediately online or in-store!
Activating Your New Card
Once approved, you‘ll need to activate your Home Depot credit card to start using it:
Call 1-800-529-3905 to activate your new account
You‘ll need to provide:
- Account number
- Last 4 of your Social Security
Set up online account access to manage your card
You can now start using your card at Home Depot!
I recommend logging into your account online to set up autopay, paperless billing, and any other preferences. Managing your account online makes life so much easier!
How to Make Payments Simply and Easily
Now let‘s go over the many ways to pay your Home Depot credit card bill:
Online
Log into your HomeDepot.com account and make one-time or recurring payments. Enroll in autopay to have payments made automatically each month.
Home Depot App
Use the app to pay your bill securely on the go directly from your phone.
In-Store
Visit any Home Depot and pay at the customer service desk.
By Phone
Call 1-800-477-1250 to pay with an automated system or representative.
By Mail
Send a check or money order to the payment address printed on your bill. Allow 5-7 days for delivery.
I highly recommend setting up autopay so you never miss a payment deadline. Just be sure to have the funds available in your linked bank account by the due date each month.
Alternative Home Depot Credit Cards
The Home Improver Card isn‘t your only option. Home Depot also offers these 2 other credit cards:
Consumer Credit Card
- Can be used anywhere Mastercard is accepted
- 0% intro APR for 6 months
- Managed by Citi Bank
Project Loan
- Designed for major remodeling projects
- Fixed APR of 7.99%
- Up to $55,000 loan
- 7 year repayment term
- Requires home equity
Consider both when deciding the right card for your specific home improvement goals and budget.
Key Takeaways: Who It‘s For and Is It Worth It?
The Home Depot Home Improver Card is best suited for:
- Major home remodeling projects – the financing offers make expensive upgrades affordable
- Frequent Home Depot shoppers – take advantage of discounts each time you shop
The card is absolutely worth it for financing large purchases interest-free over time. But it may not be worth getting solely for the discounts unless you shop at Home Depot routinely.
Use it strategically to save big on major home improvements!
Summary: Everything You Need to Know
Let‘s do a quick recap of the key points:
- Special financing offers like 0% interest for 24 months
- Generous discounts like $100 off a $1,999 purchase
- Extended 1 year returns and purchase protection
- Easy application done online, in-store, or by phone
- Approval based on credit score, income, and other factors
- Manage card and make payments online or via app
- Alternative cards like Consumer Credit Card and Project Loan
I hope this guide gave you a comprehensive overview of how the Home Depot Home Improver Card works. Feel free to reach out with any other questions!
