topic Re: Home depot vs. lowes in Credit Cards

Home depot vs. lowes

Anonymous — Wed, 29 Aug 2012 16:41:49 GMT

I've been a long time lurker and finally joined up . My question is to you guys is about HD vs. Lowes .

I got approved today for home depot 3000 CL . This surprised me because just 3 months ago I was denied a lowes card . I even called lowes because I knew my credit is not horrible . My understanding is the home depot is harder to get then lowes , does this make any sense ? Don't get me wrong I'm happy as hell because I've been. Working on my credit for about 7 years after being young and dumb . I'm just trying to learn what I can. So thanks in advance .

Re: Home depot vs. lowes

SpiceIslander — Wed, 29 Aug 2012 16:54:43 GMT

Congrats on your HD approval and welcome to the forums!

I don't know which is more diffult to get approved for but it might depend on what's in your credit file. They may not have used the same credit bureau. More information regarding your inquires, utilization, etc (at time of denial) will be helpful. Also, what reason did they give for the denial?

Re: Home depot vs. lowes

Datx — Wed, 29 Aug 2012 16:55:38 GMT

Based on my experience. I dont have decent credit, but here goes. I got approved for a Lowes card about a year ago. Starting limit of $400. Didnt complained, since all the great success stories about GECRB and their CLIs. After a year of having the card, my highest limit was only $800. I couldnt get it to go any higher. A few months ago, I tried to apply for the Home Depot card, got approved for $500. I called and asked for a higher limit, and after another HP, they bumped me up to $1200. So for me, HD was better in my experience.

I plan to use the card and build a good history with Citi and hopefully someday qualify for one of their Visa cards.

Re: Home depot vs. lowes

Creditaddict — Wed, 29 Aug 2012 17:20:35 GMT

@Datx wrote:
Based on my experience. I dont have decent credit, but here goes. I got approved for a Lowes card about a year ago. Starting limit of $400. Didnt complained, since all the great success stories about GECRB and their CLIs. After a year of having the card, my highest limit was only $800. I couldnt get it to go any higher. A few months ago, I tried to apply for the Home Depot card, got approved for $500. I called and asked for a higher limit, and after another HP, they bumped me up to $1200. So for me, HD was better in my experience.
I plan to use the card and build a good history with Citi and hopefully someday qualify for one of their Visa cards.

We have seen approvals and denials all over the map between these 2.

I personally like Home Depot better but I have always been blacklisted because of a Citi MasterCard that I had in my bk.

I got Lowes at $500 in Dec. and they bumped me to $1000 at about 5 months at my request.

I would choose HD hands down if it didn't come to the credit product. and I still would probably lean towards HD if it was about the credit product.

Re: Home depot vs. lowes

CS800 — Wed, 29 Aug 2012 17:48:33 GMT

Lowes should be easier to get since it;s a GE card. I have both close to my house but prefer lowes since with the card, you get he 5% off.

But with my military ID, I get 10% at Lowes.

I would agree with you that HD is harder to get. I have personally never tried for one.

Re: Home depot vs. lowes

MsLadyRover — Wed, 29 Aug 2012 18:17:18 GMT

Home Depot was the first card I applied for after I closed on my mortgage. I had received a mailer for it so I went in store and applied. I was instantly approved for $1500. Then I remembered what everyone had said here so I called the number when I left the store and they increased it to $3000.

Re: Home depot vs. lowes

MsLadyRover — Wed, 29 Aug 2012 18:21:50 GMT

@CS800 wrote:
Lowes should be easier to get since it;s a GE card. I have both close to my house but prefer lowes since with the card, you get he 5% off.

But with my military ID, I get 10% at Lowes.

I would agree with you that HD is harder to get. I have personally never tried for one.

5% off? Tell me more....Is the Lowes card like when you use the Target card and get 5% off?

Re: Home depot vs. lowes

Datx — Wed, 29 Aug 2012 18:25:18 GMT

@MsLadyRover wrote:
@CS800 wrote:
Lowes should be easier to get since it;s a GE card. I have both close to my house but prefer lowes since with the card, you get he 5% off.

But with my military ID, I get 10% at Lowes.

I would agree with you that HD is harder to get. I have personally never tried for one.
5% off? Tell me more....Is the Lowes card like when you use the Target card and get 5% off?

Pretty much. Its 5% off everyday. Checkout the Lowe's website, it advertises 5% off on the main page. As long as you use your lowe's card for purchases of course. I heard with the HD card, you get promotional savings every now and then.

Re: Home depot vs. lowes

LS2982 — Wed, 29 Aug 2012 18:29:13 GMT

If your purchase is over a certain amount you can qualify for promotional no interest financing as long as the balance is PIF before the promo expiration. That is for the Lowe's card.

Re: Home depot vs. lowes

MsLadyRover — Wed, 29 Aug 2012 18:32:37 GMT

@Datx wrote:
@MsLadyRover wrote:
@CS800 wrote:
Lowes should be easier to get since it;s a GE card. I have both close to my house but prefer lowes since with the card, you get he 5% off.

But with my military ID, I get 10% at Lowes.

I would agree with you that HD is harder to get. I have personally never tried for one.
5% off? Tell me more....Is the Lowes card like when you use the Target card and get 5% off?
Pretty much. Its 5% off everyday. Checkout the Lowe's website, it advertises 5% off on the main page. As long as you use your lowe's card for purchases of course. I heard with the HD card, you get promotional savings every now and then.

Every now and then is an understatement. LOL!! I get emails or a mailer from them about every other week. Just received an email today for some 0% financing up to 24 months.

Re: Home depot vs. lowes

Anonymous — Wed, 29 Aug 2012 23:31:49 GMT

I just got a malier for Home Depot. PREAPPROVED (to apply)

Some good 0% deffered interest 6 to 18 months based on amount of purchase, by 10/15/2012

I may give it a try.

Re: Home depot vs. lowes

Anonymous — Thu, 30 Aug 2012 01:49:37 GMT

After I closed on my home I was denied from lowes with a 662 TU score in december. Reapp'd in May denied again with similar score. I decided to try HD and was approved for a $500 cl. I did minor purchases on it and asked for a CLI two weeks ago. They increased my limit to 2750 with an HP (don't really bother me that they did a hard pull since they increased my limit). I also have two GECRB cards and Lowes just doesn't budge with me. Now HD gets all my business and I am about to spend a good chunk on fencing product since they are holding a 0% promo for 18 months right now.

Re: Home depot vs. lowes

mygoal750 — Thu, 30 Aug 2012 13:07:10 GMT

I have both cards, got them 2 years ago. I've used both for the 0% financing offers. From the financing side, I haven't seen much difference in either. But, service in the store has me going to Lowe's more often than HD. I think my Lowe's started @ $2500, and is now at $8000, with both auto CLIs and requested ones. HD started @ $1500 and is now at $7000 - with both auto CLIs and requested. Both stores do their extended 0% financing around holidays..either 18 or 24 months. With Labor Day this week-end, both have financing promotions going. Next holiday will be Columbus Day. So, I've always planned my big purchases (appliances, building materials, etc) around those promotions. And, I do like the 5% off in the store when using the Lowe's card. I think both will grow with you.....as I recall, i got my auto CLIs when I was carrying a balance.

Re: Home depot vs. lowes

CS800 — Thu, 30 Aug 2012 13:10:45 GMT

I use both HD and Lowes but I bought some flooring for my rennovation and got the promotional offer from Lowes 0% for 12 months.

It has been good to me since I buy in NH where there is not sales tax so I get the full 5% discount until i discoverd the 10% mil discount

HD doesnt do these programs.

Re: Home depot vs. lowes

Anonymous — Thu, 06 Sep 2012 01:44:34 GMT

Well I called the backdoor number and they gave me a cli to 5000 . I probably should of asked for more but hell Im happy that my highest credit limit. The same day I did research and felt lucky and applied to a chase freedom which I also got with a Cl of 2000. I've been working on my credit like crazy to fix my credit and I'm finally seeing the rewards . I was around a 560 4 years ago with just ugly credit . This year I bought my first house and now getting nice credit cards . Befor e this all I had was 2 cap1 cards with 500 and 300 limit . Then the dreaded orchard with 300 . This site has helped a lot so thank you !

Re: Home depot vs. lowes

Anonymous — Thu, 06 Sep 2012 17:44:55 GMT

@CS800 wrote:
Lowes should be easier to get since it;s a GE card. I have both close to my house but prefer lowes since with the card, you get he 5% off.

But with my military ID, I get 10% at Lowes.

I would agree with you that HD is harder to get. I have personally never tried for one.

CS800-

I've always wondered but forgot to ask..did they give you the 10% off with Military ID PLUS 5% with the card??