topic Re: Home Depot in Credit Cards

Home Depot

stpn2me — Sun, 20 Jan 2008 01:22:18 GMT

Got my Home Depot Card today. It says no payments and no interest on purchases of $299 or more for six months after the purchase. Looks like a good card....

Stpn2me

Re: Home Depot

Anonymous — Sun, 20 Jan 2008 01:24:58 GMT

Congrats! I love HD, I'd be happy to help you go over the 299 mark.

Re: Home Depot

Anonymous — Sun, 20 Jan 2008 01:25:21 GMT

if you make a 299 or more puchase ask the reps at the cs desk to call and see if they will extend it to 12 months 0%, 0 payments. i didn't know they would even do it, but the rep asked if i wanted her to see, i was like heck ya!

Re: Home Depot

stpn2me — Sun, 20 Jan 2008 01:26:28 GMT

Hey, good lookin out! Thanks.....

Re: Home Depot

Kooliad — Sun, 20 Jan 2008 01:26:34 GMT

Its a great card to have.What CL did they give you? WTG

Re: Home Depot

haulingthescoreup — Sun, 20 Jan 2008 01:27:17 GMT

@stpn2me wrote:

Got my Home Depot Card today. It says no payments and no interest on purchases of $299 or more for six months after the purchase. Looks like a good card....

Stpn2me

Congrats! What made you decide to go for the store card? I keep going to the Citi card site, and one day the store card looks better, and the next day the MC looks better.

Re: Home Depot

Anonymous — Sun, 20 Jan 2008 01:33:15 GMT

htsu

the pro to the store card;

great 0% promo's that the mc doesn't qual for

con's against the mc;

no 0% promo's

the rewards are geard heavily towards hd spending

Re: Home Depot

stpn2me — Sun, 20 Jan 2008 01:37:48 GMT

They gave me a $4000 limit. I bought a shed so the wife can put all her crap..opps stuff in, app'd in the store. Good card...

Re: Home Depot

haulingthescoreup — Sun, 20 Jan 2008 01:38:34 GMT

Thanks, ducky!

Am I reading it right that the 0% for $299 or more is only good up to $2000, and then a big fat APR kicks in? The T&C section is a bit confusing.

Re: Home Depot

stpn2me — Sun, 20 Jan 2008 01:42:18 GMT

What?? Where do you see that Hauling? I am looking at the info pack now....

Re: Home Depot

haulingthescoreup — Sun, 20 Jan 2008 01:45:50 GMT

# Everyday offer--no payments, no interest for six months on all purchases of $299 or more
# APR for purchases is 21% and 15.48% for purchases of $2,000 or more

Yikes, I'm sorry. Am I reading this wrong?

Re: Home Depot

stpn2me — Sun, 20 Jan 2008 02:01:12 GMT

Oh, looks like the limit is $2000. I will look at it some more....thanks...

Re: Home Depot

haulingthescoreup — Sun, 20 Jan 2008 02:04:45 GMT

I'm sorry, I didn't mean to drop a bomb. But that was why I couldn't decide between the store card and the MC. I dropped almost $9K on the hardwood flooring and carpeting and installation. The 0% looks great for appliances, though, and mine are visibly dying, so I would probably wind up using one that way.

Re: Home Depot

Anonymous — Sun, 20 Jan 2008 02:27:12 GMT

Yes, the HD card is awesome. I have a 2500 limit and I've had it since 05. They just had a special deal going on (may still be going on) where you even get a nice percentage off your purchase for using it AND 12 months no payments/no interest. I've used mine on appliances and got 10% off.

The new promo is 20% off anything over 499. I'm eyeing a snow blower that is 500 exactly and this next snow storm might push me over the edge. That's a hundred bucks off just for using the card! Tough to beat.

Re: Home Depot

Anonymous — Sun, 20 Jan 2008 15:30:34 GMT

haulingthescoreup wrote:
Thanks, ducky!

Am I reading it right that the 0% for $299 or more is only good up to $2000, and then a big fat APR kicks in? The T&C section is a bit confusing.

I just got this card with a 10k limit and am loving it for my home improvement stuff! The apr will only kick in if you don't pay the promo within the time period. If you had over a 2k purchase and didn't pay within your 6 mos or a yr, then the apr would be the lower (ha ha) 15.48%. I got the store card since I'm so tight I squeak... and I can get that 0% leaving my cash to gather it's small interest rate. Even tho it's 0 payments I just divvy up the payments so it's paid off within the allotted time...

Re: Home Depot

Red1Blue — Sun, 20 Jan 2008 15:32:49 GMT

Congrats snookie.

Re: Home Depot

haulingthescoreup — Sun, 20 Jan 2008 15:35:33 GMT

@Anonymous wrote:
@haulingthescoreup wrote:
Thanks, ducky!

Am I reading it right that the 0% for $299 or more is only good up to $2000, and then a big fat APR kicks in? The T&C section is a bit confusing.
I just got this card with a 10k limit and am loving it for my home improvement stuff! The apr will only kick in if you don't pay the promo within the time period. If you had over a 2k purchase and didn't pay within your 6 mos or a yr, then the apr would be the lower (ha ha) 15.48%. I got the store card since I'm so tight I squeak... and I can get that 0% leaving my cash to gather it's small interest rate. Even tho it's 0 payments I just divvy up the payments so it's paid off within the allotted time...

Great post! Thank you so much. They REALLY need to clarify this on their site --I could have just kept on going if I hadn't known that!

Re: Home Depot

Anonymous — Sun, 08 Jun 2008 07:00:51 GMT

Anyone have a backdoor number for a CLI? I got this card last year and my score has jumped almost 100 pts since then, I only have a $1000 limit now but want to try to increase it! Thanks in advance!!

Re: Home Depot

Anonymous — Sun, 08 Jun 2008 12:00:07 GMT

If you spend over $2000 you still get six months no payments no interest but if you go beyond that your interest is less. It is there way of convincing you to buy a larger purchase. If you are doing a really significant purchase go for a HIL loan. You can only use it for six months but the interest rates are better to carry a balance.

An almost former HD employee (one more week)

Re: Home Depot

haulingthescoreup — Sun, 08 Jun 2008 12:21:23 GMT

@Anonymous wrote:

Anyone have a backdoor number for a CLI? I got this card last year and my score has jumped almost 100 pts since then, I only have a $1000 limit now but want to try to increase it! Thanks in advance!!

Don't know if you've been using the card much, but go online to your HD CC website and log in. Look up at the top and click on Manage my Account, then on Credit Line Increase. If it has some boxes to fill in, stop --it will cost you a hard inquiry. But if you get a message offering you a specific figure for a CLI and you take it, it will be a soft.

Citi often gives auto CLI's every 6 months, but they generally want to see use on the card to do so. The Home Depot store card in particular seems to reward heavy use; don't know about the Home Depot MasterCard.

If you're willing to accept another hard inquiry, you can go ahead and ask for a CLI. Where I live (East Tennessee) they did the hard inquiry when I applied with Equifax, and they have done a follow-up soft with EQ as well (account review, to see if I'm behaving with my other accounts.) They also did a one-time soft on EX the day after I was approved. Good luck!