HD-preselected offer

[Duncanrr]

Just got preselected offer from Home Depot. The apr is 25%. Really? No thanks

[myjourney]

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@Duncanrr wrote:
Just got preselected offer from Home Depot. The apr is 25%. Really? No thanks

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Must be targeted offer I think it use to be a higher APR

[coldnmn]

Not hard to stay in the garden with those terms.

[Duncanrr]

I cut it up in little pieces and mailed it back to them. That offer was almost as bad as fingerhut.

[Creditaddict]

Very few store cards have lower!

You get them for the instant discount or the 0% periods not the revolving apr

[Duncanrr]

True but 25% apr is insulting. It's a great rebuilder card. I just don't need it 18 months into rebuild. They missed the boat.

[Creditaddict]

Home Depot = rebuilder??? No!!!

Macys is 29.9
CareCredit is 26.99 or maybe more
Lowes is 24
Name a store that is lower that is store card only?? Many of the co brand have lower - SAMs discover, lowes Amex, etc.

[mountainmom]

My hd is high at 26.99%. But it's also my highest cl at $7500. I use it for 0% deals.

[takeshi74]

It's not uncommon for store cards to have generally higher APR's.  If you read the terms for the HD card:

Annual Percentage Rate (APR) for Purchases 17.99%, 21.99%, 25.99%, or 26.99%, based on your creditworthiness.

It's not just the card but your credit as well.  At least you're not at the worst tier.

[Duncanrr]

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@Creditaddict wrote:
Home Depot = rebuilder??? No!!!

Macys is 29.9
CareCredit is 26.99 or maybe more
Lowes is 24
Name a store that is lower that is store card only?? Many of the co brand have lower - SAMs discover, lowes Amex, etc.

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I thought that HD was backed by GE.  After looking into it, Ive noticed it was Citi.  So while not a rebuilder in the strict since, its not the product I want to get from Citi.  I dont shop enough at HD to make the 0% offers worth it.