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Regular Contributor
RUSTY101
Posts: 234
Registered: ‎09-25-2007
0

Should I apply??Home Depot

In the past 2 weeks I have applied and received   #1 Chase AARP $1500.00

                                                                                         #2 Citi Diamond  $4200.00

                                                                                         #3 Discover More $3500.

 

I did not have any bank cards before these.  I do have ( over 2years now) Valero, Kay, Chevron.  I would like to have a Home Depot. What do you guys think? I have 3 inquiries now, will another hurt?  Maybe I should not get another card, but I do alot of shopping at Home Depot.

Regular Contributor
Settemio
Posts: 222
Registered: ‎01-08-2011
0

Re: Should I apply??Home Depot

You can use any of the three you just got to shop at home depot :smileytongue:///

 

 

 

Valued Contributor
MrShush
Posts: 1,412
Registered: ‎04-18-2008
0

Re: Should I apply??Home Depot

Deferred payments and interest are what made that card appealing. Now the best it offers is no interest for 6 monthd or better.
Moderator Emeritus
tinuviel
Posts: 4,877
Registered: ‎11-02-2010
0

Re: Should I apply??Home Depot

 


Settemio wrote:

You can use any of the three you just got to shop at home depot :smileytongue:///

 

 

 


Yes, but do those cards offer interest free financing for six months? Home Depot does. So does Lowe's. I can't speak for the OP, but my DH is interested in Lowe's for this reason.

 


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
New Contributor
hammertime
Posts: 59
Registered: ‎03-30-2010
0

Re: Should I apply??Home Depot

Higher limit if you apply in store while making a purchase.  DW got 4K in 3 minutes in store 0% for 12 months. EQ 682.

Epic Contributor
Creditaddict
Posts: 20,823
Registered: ‎10-23-2007
0

Re: Should I apply??Home Depot

Since citi just gave you your highest limit, I think your good to go for Home Depot (citi also).

I have not heard that in store is better than online but whatever makes you more comfortable.

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
Frequent Contributor
austinguy907
Posts: 304
Registered: ‎03-03-2008
0

Re: Should I apply??Home Depot

Understandably it's attractive in the short term to pick up this card. Reality is with the current economy and the like there's no need to buy more than you can PIF each month. Whatever you need from HD can be placed on another card you currently have and if you have to you can probably do a BT from one to another to take a lower APR on the purchase if you need to extend the payments. For instance I'm looking at a health purchase of about $3K and going to charge it on Chase to get the 1% back then move the balance to my CU card for 4.9% and pay it off in 2 months in full. I would look into joining a CU as they typically have lower rates and better BT options w/o fees. Top offers right now would probably be Justice FCU, Pentagon, USAA, etc. Put some thought into it and you'll enjoy the rewards 10 years down the road when you still have the account and aren't restricted to one particular retailer.
Scores by lender CLI requests 4/15/14: EQ 760 / TU 755 / EX
------------------------------------------------------------------------------------
Scores by lender 4/25/11: EQ 705 / EX 743 / TU 735
Mortgage closed 5/20/2011!
Epic Contributor
Creditaddict
Posts: 20,823
Registered: ‎10-23-2007
0

Re: Should I apply??Home Depot

 


austinguy907 wrote:
Understandably it's attractive in the short term to pick up this card. Reality is with the current economy and the like there's no need to buy more than you can PIF each month. Whatever you need from HD can be placed on another card you currently have and if you have to you can probably do a BT from one to another to take a lower APR on the purchase if you need to extend the payments. For instance I'm looking at a health purchase of about $3K and going to charge it on Chase to get the 1% back then move the balance to my CU card for 4.9% and pay it off in 2 months in full. I would look into joining a CU as they typically have lower rates and better BT options w/o fees. Top offers right now would probably be Justice FCU, Pentagon, USAA, etc. Put some thought into it and you'll enjoy the rewards 10 years down the road when you still have the account and aren't restricted to one particular retailer.

I happen to love the Home Depot card and Citi has been fantastic... Never have requested a CLI and it's gone from 5500 to 14900... Usually see a CLI every time I charge something on a 12 month interest free program. and paying 4.9 for 12 months is a lot more than paying 0% for 12 months!

 

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
Frequent Contributor
austinguy907
Posts: 304
Registered: ‎03-03-2008
0

Re: Should I apply??Home Depot

I didn't say 12 months. I said PIF every month. Not everyone that applies for the HD card will get a co-brand V or MC. 4.9% for 2 mo's is pocket change or nothing at all if timed right w/ the BT and close date on the original card.
Scores by lender CLI requests 4/15/14: EQ 760 / TU 755 / EX
------------------------------------------------------------------------------------
Scores by lender 4/25/11: EQ 705 / EX 743 / TU 735
Mortgage closed 5/20/2011!
Epic Contributor
Creditaddict
Posts: 20,823
Registered: ‎10-23-2007
0

Re: Should I apply??Home Depot

Home Depot does not have a Visa or MC and when they did it didn't offer the 0% so not sure why you would want it.

Yes PIF is a great idea, but my cash is earning more than 0% so I would take the offers and at the end of the year PIF.

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:

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