Home Depot vs Lowes

[Anonymous]

Another thing that’s irritating about the Home Depot card - last Thursday I paid off the card. I had a $312 balance on it. I had carried a balance for a couple months and wasn’t worried about it since the interest is minimal on such a small amount (payments of course were always made). The next day, it showed my total owed as $0, but the $312 I paid off had not yet been released. Only being a $500 card, it showed my available balance as $188. By Sunday it was still like that so I messaged them asking when it would reflect a full $500 available balance. They said it was undergoing verification and would release when that was done.

Really? It’s a $300 payment, not a $10,000 payment.

Today marks a week since it was paid. Guess what? CL still not released. Still showing $188 of $500 available, with a card balance owed of $0.

Thanks Citi - another reason why I’m happy to shift all my home spend to your competitor 🙄 From here on out, your card’s role is a bag of mulch in the spring and a package of paper towels or a paintbrush in the fall. It’ll stay open because it dates back to 2006 but I won’t spend more than $10-15 on it a year. There’s no point. And I don’t need it freed up for use, but I guess it’s my need to have my accounts all reconciled properly. That one is driving me nuts.

[Lucifer]

I'm starting to understand my lack of CLI's on my HD card.   I started at 500 and have gotten to a meager 1000.   It makes the card hard to use.

And the 5 % off at lowes when using their card?    

This has me thinking....

[GApeachy]

I have both cards.  Lowe's 4k  and Home Depot 5k.  Lowe's offers 5% off and extra financing but their prices are higher than Home Depot for the exact same products I have been looking at. (Storage Armoire for example)   Anyhow, at Home Depot you do get special financing, I get tickets in the mail all the time for purchases over $299 and up for an extra 6 months, also offered online on my acct.

Lowe's is easier to grow, no hard pulls.  Home Depot not so much and they slam you with a hp sometimes...not always but 1 cli = 0 hp and 1 cli = 2 hp's.  

It just depends....

[Blackswizz750]

I like Lowes because they were easy to get a CLI(500-10k in one call) from and it was nice to buy a dryer, garden stuff and get 5% back. I never used the finance option but they have specials.

Home Depot in my area are dirty and DW card is stuck at 1K 8 years later and her Fico is almost 800. She refuses to do a HP for a CLI. And they hold payments for almost 5days.

[Anonymous]

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@GApeachy wrote:

I have both cards.  Lowe's 4k  and Home Depot 5k.  Lowe's offers 5% off and extra financing but their prices are higher than Home Depot for the exact same products I have been looking at. (Storage Armoire for example)   Anyhow, at Home Depot you do get special financing, I get tickets in the mail all the time for purchases over $299 and up for an extra 6 months, also offered online on my acct.

Lowe's is easier to grow, no hard pulls.  Home Depot not so much and they slam you with a hp sometimes...not always but 1 cli = 0 hp and 1 cli = 2 hp's.  

It just depends....

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I shop at both stores and really don't have an opinion on which is better, but I only have an HD card.   I have gotten a few auto CLI's on this card over the years and I am up to $ 10,300 CL, doesn't always involve HP, but I have never requested a CLI.

[Shooting-For-800]

Lowes will price match local competitors.

[Anonymous]

Wow, it's only April and you already need AC? My heat has only been off for about two weeks or so. I live in a Townehouse as well, and need a seperate heater for downstairs. lol

If you're looking for just a window AC unit, they run about $200-400. So you likely could just put it on an existing card, not open a new one for one small purchase. However, if you're looking at getting one of those portable units. It will cost more, somehwere around $600.

Still doable on an existing card I think?

[Loquat]

Lowe's for the WIN!  Jk!  It just depends on who you prefer to have in your arsenal in regards to lenders.  Lowe's does have the 5% back at the register and they do have more frequent (and usually lower threshold) for special financing.  I personally would go with Lowe's...but honestly they'll both probably get the job done.   Like others have mentioned, Lowe's is usually a SP for CLI and in my experience, HD isn't.  Although if you have a decent score you can usually get a pretty sizeable amount on HD but again you'll have to give up an HP to get it. 

[NichelleN]

I have both. HD is at $8K. Lowe's is at $17K. Besides the hard pull to raise the CL, I have been treated well by citi. Example - I took advantage of one of the 0% / deferred interest promos. It was to be paid off by a date in feb to avoid any interest charges. I unexpectedly lost my brother at the end of January. I was out of state dealing with the loss and handling his estate. Upon returning home there was a giant HD bill that had the interest added. I sent them an email, explained the situation and they removed all of the interest. I didn't have it paid off by the due date so they certainly could have denied the request. I'll remember that they honored it.

[MisterWives]

Not sure if this is something you can get, but the Chase Freedom card which takes kinda good credit to get is offering 5% rewards on home improvement purchases for this calendar period cycle so you can use it at either home depot or lowes