topic Re: Home Depot Credit Card in Credit Cards

Home Depot Credit Card

book1773 — Thu, 07 Jul 2011 17:44:45 GMT

I was approved for the home depot department store card

with a $750.00 limit. Is that a normal limit when you first

get the card?

Anyone who has a card from home depot your feedback would be

great. Also if you have the store card is it easy to get the mastercard

from home depot as well.

I have all ready called them to put in a request for CLI

and I am waiting on the underwriters to see if they approve it.

I was looking more torwards a $3000.00 limit since you have a lot

of high ticket items there..

Re: Home Depot Credit Card

Anonymous — Thu, 07 Jul 2011 18:21:31 GMT

Re: Home Depot Credit Card

Anonymous — Thu, 07 Jul 2011 18:24:55 GMT

I used to work at Home Depot, and they no longer offer the Mastercard for new applicants (if it is the rewards card you are talking about). I was a cashier there, and ran many credit applications over the two years I worked there and I never saw an approved application get less than $6000 for a limit.

Re: Home Depot Credit Card

MS00000000 — Thu, 07 Jul 2011 18:50:33 GMT

@book1773 wrote:

I was approved for the home depot department store card
with a $750.00 limit. Is that a normal limit when you first
get the card?

Anyone who has a card from home depot your feedback would be
great. Also if you have the store card is it easy to get the mastercard
from home depot as well.

I have all ready called them to put in a request for CLI
and I am waiting on the underwriters to see if they approve it.

I was looking more torwards a $3000.00 limit since you have a lot
of high ticket items there..

I started with $1000 and used it almost exclusively for deferred interest purchases. After about 7 months or so, they gave me an auto CLI to $1500. From what I've read here, they are very good about giving increases automatically and if you walk up with a cart full of expensive things, they might be even more likely to give you an increase in store right then.

Re: Home Depot Credit Card

RockinRay — Thu, 07 Jul 2011 19:19:43 GMT

When I applied, I was given a $1600 limit. I called them right away and told them I wanted to purchase a lawn tractor that was $1700.00. They jumped me to $2200 where it sits today. I ended up with a regular mower instead and PIF when the statement arrived.

I have thought about requesting the CLI via the website. Would like to have $6000 or so for some new applainces!

Too chicken to push the "Submit" button. I hate rejections!

Ray

Re: Home Depot Credit Card

book1773 — Thu, 07 Jul 2011 19:29:12 GMT

Thanks for the feedback.. Knowing that is a high ticket store meaning a lot of things

cost quite a bit of money $750.00 is like losse change there.. Maybe I can purchase

a few paint brushes but thats probably going to max me out. To be able to shop comfortably

I would say someone needs at least $6000.00 to shop with. You know if you want to get some carpet

for your house or a new sink ect..

Re: Home Depot Credit Card

haulingthescoreup — Thu, 07 Jul 2011 19:45:01 GMT

They gave me $4K back when I applied in spring of 2008, pre-economic crash. My scores were somewhere in the 710's or 720's. Is there something on your credit reports that they might be concerned about? --high reported balances, etc., even if you then pay them off.

I requested a CLI to $5K ($1K increase) last week, and I got it, although they pulled a hard and I had to wait several days. They increased it to $5.5K, more than I asked for; dunno why.

Re: Home Depot Credit Card

book1773 — Thu, 07 Jul 2011 19:54:10 GMT

Haulingthescoreup from what I know everything looks good on my credit report

my debt ratio is at 21% and would when one of my cards up date it should drop it

lower then 20% but besides that no.. I didnt apply in person but online so I am not

sure if that makes a difference. I have all ready asked them for a CLI and I am waiting to

see what happens.

But ya $750.00 seems way to low for a big ticket item store.

Re: Home Depot Credit Card

haulingthescoreup — Thu, 07 Jul 2011 20:02:20 GMT

They might be more reasonable when your reported util gets down to a more manageable figure.

In the past, others have had success by filling up their bright orange shopping cart at the store and going to the service desk, asking for help with a CLI. They call the credit department, eyeing that load of stuff they'll have to restock.

But I would definitely wait until your new balances update.

As you are new to the forums, have you learned the trick about letting only one CC report a token balance, paying all the others off before their statements drop so that they report $0? (Obviously, this only works if you don't carry balances, which you don't want to do anyway.)

Revolving util is the single item most controllable by consumers, as long as we have the money, of course. The game can be a bit annoying, but the score jumps are pretty addictive to many of us.

I had a ton of statements that seemed to update all at once before I'd paid them off (working two jobs and got distracted), and I lost 25 points for having too many accounts with balances. My util didn't increase that much, but along with the multiple accounts with balances, it was a temporary killer. I have 19 points back now, and the rest should return once I get back to my usual one-card-reporting-a-balance status.

Re: Home Depot Credit Card

Anonymous — Thu, 07 Jul 2011 20:14:53 GMT

I applied online last year, and was approved with a CL of $1800. I charged $500 in December, paid it off last month (12 months 0%). Right after I paid that off, I did a CLI request online. I requested $1200 but they gave me $1500, CL now $3300. I also got a Lowe's card last year (same time)...was approved @ $1800. I am still paying off my 12 months 0% purchase (to be paid this month), but last December (I had card for 6 months), they gave me auto CLI to $3000. I have heard that if you apply in-store when ordering big ticket items, the CL will be substantailly higher than applying online.

Re: Home Depot Credit Card

Anonymous — Thu, 07 Jul 2011 20:27:03 GMT

I applied in April and got $4000.00. I was buying a $400 washer and was in store. Not sure if that helped. It's my largest credit line.

Re: Home Depot Credit Card

GregB — Thu, 07 Jul 2011 21:04:17 GMT

I was considering purchasing a washer and dryer and they were offering 10% off and 12 months with no interest and no payments with a new account. They approved $10,000 and I used it for the washer and dryer which was $3000. My EQ FICO was about 745 at the time. I paid that off before the year was up. They raised the Limit to $12K and then to $13,500. I doubt I've ever hit $500 since.

It is great to have when they offer 6 or 12months no interest but otherwise it would just be insane to not PIF. The interest rate is beyond silly.

Re: Home Depot Credit Card

OnTheRebound — Thu, 07 Jul 2011 21:18:00 GMT

Applied last August online. Was approved instantly for $500. Pulled EQ which was around 720.

Requested $1500 increase back in April. Not instant, but appeared online in about 12 hours. Pulled TR which was 756. $2K CL is where I'm at now.

Re: Home Depot Credit Card

jefftca925 — Thu, 28 Jul 2011 02:42:23 GMT

I applied in store today and was approved for $1001 (?) instantly. Looking to buy a sliding patio door in the very near future and would need a bigger limit. Called HD Credit (Citi) when I got home and spoke with an analyst who asked me a few identity questions then asked me how much I'd want. Requested 7k, CSR put me on hold for a couple minutes, came back and told me I was all set. I like the 0% financing offers they have on appliances and stuff. With a new house I'm sure I'll be frequenting HD a lot.

Re: Home Depot Credit Card

Anonymous — Mon, 29 Jul 2013 05:52:50 GMT

IMHO, it helps to have a Citibank relationship. I opened this card with $7k, requested a CLI after the first statement and was granted $9,750. I requested another one the next month and had to wait five days; they made it an even number $10,000. My FICO is ~740 and I don't have a crazy income. I rarely put a lot on this card (maybe $50 every few months) and haven't had any problems.

Re: Home Depot Credit Card

Anonymous — Mon, 29 Jul 2013 06:23:52 GMT

*****OLD THREAD ALERT*****

Re: Home Depot Credit Card

Anonymous — Thu, 05 Jun 2014 16:22:54 GMT

THANK YOU

@book1773 wrote:

I was approved for the home depot department store card
with a $750.00 limit. Is that a normal limit when you first
get the card?

Anyone who has a card from home depot your feedback would be
great. Also if you have the store card is it easy to get the mastercard
from home depot as well.

I have all ready called them to put in a request for CLI
and I am waiting on the underwriters to see if they approve it.

I was looking more torwards a $3000.00 limit since you have a lot
of high ticket items there..