topic Re: Does anyone know the average score Lowes or Home Depot look for? in Credit Cards

Does anyone know the average score Lowes or Home Depot look for?

GettingBetter2015 — Sun, 12 Apr 2015 11:20:17 GMT

I know I'm just starting out and I'm planning to give my newest cards at least 6 months of good usage and payment before I consider something else but I'm curious. Does anyone happen to know average scores Lowes and Home Depot cards tend to accept? I would like to have one of their cards in the near future for all the money we tend to spend there. It seems odd to me that I'd even want one of these cards because I hated these stores as a kid, but alas 7 years ago when I became a homeowner, these two places (and Menard's too) have become my favorite stores! Any help and advice is greatly appreciated!

Re: Does anyone know the average score Lowes or Home Depot look for?

Anonymous — Sun, 12 Apr 2015 11:30:48 GMT

If you google the credit pull database, it will give you a broad range of what scores people where approved for.

Re: Does anyone know the average score Lowes or Home Depot look for?

GettingBetter2015 — Sun, 12 Apr 2015 11:32:16 GMT

Thanks, yes-it's-me! I'll do that! :-)

Re: Does anyone know the average score Lowes or Home Depot look for?

ds3 — Sun, 12 Apr 2015 15:12:45 GMT

My TU score was stuck at 638 forever with Synchrony, and I could get nothing...no increases or new credit. It hit 640 with them yesteday, and I was finally able to get a CLI on Walmart and the Lowes card. I used to have Home Depot (Citi), but finally gave up after 2 years at a $500 CL.

Re: Does anyone know the average score Lowes or Home Depot look for?

sobeone1 — Sun, 12 Apr 2015 15:35:18 GMT

Home Depot requires blood samples and your first male born child. Lowes, all you have to do is be a human. Always ask for 25k

Re: Does anyone know the average score Lowes or Home Depot look for?

baller4life — Sun, 12 Apr 2015 15:40:56 GMT

Home Depot sucks. Lowe's rocks!!!

Re: Does anyone know the average score Lowes or Home Depot look for?

GettingBetter2015 — Sun, 12 Apr 2015 18:17:42 GMT

Lol, well there are days they could have my first born male son! ;-) I'm only kidding on that part, he's a pretty good kid and I'm trying to teach him money responsibility early on since he's only 6. (My parents never talked money or showed us that they were paying bills with us, I don't want to do that though).

I'm hoping to app with Lowes soon, but I want my score in the 600s before I do. I'm hoping they'll be there soon with good reports from my current cards. I've had more luck finding things at HD recently, but the guys at Lowes have been very helpful with getting heavy items for me (being 7 months pregnant they seem to bend over backward to help me) the people at HD didn't even lift a finger when I asked them to help me pick up a 5 gallon bucket of paint. Lowes is also two minutes closer to me too! :-))

Re: Does anyone know the average score Lowes or Home Depot look for?

ways2go — Sun, 12 Apr 2015 20:34:15 GMT

The minimum score citi will take on a home depot app is 640.

Re: Does anyone know the average score Lowes or Home Depot look for?

thom02099 — Sun, 12 Apr 2015 22:42:26 GMT

According to the Credit Pulls Database, Home Depot has approvals with scores in the low 600s (600/603/606) as well as scores in the 620s and 630s. Denials seem to be related to either high utilization or too many inquiries.

Lowes is somewhat similar from the same database, with low 600s being approved. They also appear to deny more in the lower end of the 600s, looks like generally 620 and above for approvals.

With both, there are some reports of approvals sub-600, but they are FAKO scores.

Re: Does anyone know the average score Lowes or Home Depot look for?

taxi818 — Sun, 12 Apr 2015 23:17:40 GMT

@sobeone1 wrote:
Home Depot requires blood samples and your first male born child. Lowes, all you have to do is be a human. Always ask for 25k

hmm. i got the home depot. i think with about a 700 score. on experian . they wanted to pull eq. but no way. however. i want cli and they want another hp. i kinda agree with everyone else. next card will be lowes for me. and home depot will die slow sock drawer death. but to op's question. im pretty sure a 650 should get home depot. and as other said. a pulse will get you lowes. or 600.

Re: Does anyone know the average score Lowes or Home Depot look for?

GettingBetter2015 — Mon, 13 Apr 2015 01:00:31 GMT

Thanks everyone! I plan on waiting until I've had my current cards for at least 6 months. Next year's plan is HVAC and a kitchen remodel so I'm sure a Lowes card will come in handy then! It sounds like as long as I use my cards right I should hopefully be eligible in that amount of time.

Re: Does anyone know the average score Lowes or Home Depot look for?

Anonymous — Mon, 13 Apr 2015 02:58:24 GMT

@sobeone1 wrote:
Home Depot requires blood samples and your first male born child.

OUCH!

Re: Does anyone know the average score Lowes or Home Depot look for?

CenturyChild — Mon, 13 Apr 2015 05:22:35 GMT

Seems the score requirements are about the same.

But, Lowes is Syncrony (GE) and HD is Citi backed.

Lowes would be a bit easier to get approved for and most likey a higher CL.

Syncrony/GE is great with Auto CLIs and does grow quite well. So even if you were initially approved for a small toy limit, it will grow quite quickly and can get up there.

HD (Citi) will be far more sensitive especially in reagrds to recent Inquiries and Utilization.

IMHO, overall the Lowes card iis the better choice. But thats just me.

Re: Does anyone know the average score Lowes or Home Depot look for?

Anonymous — Mon, 13 Apr 2015 06:37:04 GMT

@GettingBetter2015 wrote:
Thanks everyone! I plan on waiting until I've had my current cards for at least 6 months. Next year's plan is HVAC and a kitchen remodel so I'm sure a Lowes card will come in handy then! It sounds like as long as I use my cards right I should hopefully be eligible in that amount of time.

Come on now, Lowe's isn't that sensitive if you already have some kind of Synchrony with them.

They approved me with something like 25 TU inquiries and 650 score... I did have a Walmart for 7 months or more with them at the time.

If you really feel chicken , you can wait approximately 7 months before you need it and get the card. Then use it to buy a stick of gum or whatever every couple of months. That way, before you start your home repairs, you chat them up and ask for a CLI of 25K

Re: Does anyone know the average score Lowes or Home Depot look for?

GettingBetter2015 — Mon, 13 Apr 2015 13:17:11 GMT

Alright, so I was relying on my CK scores, but today I pulled my scores from here, I figured it was better to pull them from here since the forum has already been so helpful to me. Right now, I am at 605 EQ and EX and 585 TU, better than what CK reported them as. Does anyone know which CR Synchrony pulls? My newest cards from CO have not hit yet (Secured card and the QS1) so I don't know if they will pull my scores down or not.

Re: Does anyone know the average score Lowes or Home Depot look for?

Anonymous — Mon, 13 Apr 2015 13:26:28 GMT

@GettingBetter2015 wrote:
Alright, so I was relying on my CK scores, but today I pulled my scores from here, I figured it was better to pull them from here since the forum has already been so helpful to me. Right now, I am at 605 EQ and EX and 585 TU, better than what CK reported them as. Does anyone know which CR Synchrony pulls? My newest cards from CO have not hit yet (Secured card and the QS1) so I don't know if they will pull my scores down or not.

Synchrony usually (99%) Trabsunion. In your case I would definitely wait until your score gets higher.

Re: Does anyone know the average score Lowes or Home Depot look for?

CenturyChild — Mon, 13 Apr 2015 15:14:12 GMT

Agree with Irish80. Wait a little for the score.

TU is what you want to be concerned with for Lowes.

Re: Does anyone know the average score Lowes or Home Depot look for?

thom02099 — Mon, 13 Apr 2015 22:04:06 GMT

While Lowes pulls predominantly Transunion, it's not exclusive. From the Credit Pulls Database, there's also reports of Experian and Equifax being pulled. Interesting sidebar to this, when looking at historical information in the database, it appears that, sometime in 2008, Lowes switched from pulling Equifax exclusively, to pulling Transunion predominantly. Between Equifax and Experian, looks to be a tossup as to which one other than Transunion gets pulled.