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The Home Depot Credit Card Review – Which Home Depot Credit Card: Is It Right for You? – Costs and Benefits of a Home Depot Credit Card

Though owning a house is a dream come true for many people, renovating it is another task that if not done correctly and accordingly, it can cost you a fortune. It even becomes mind-boggling when you are faced with an emergency repair situation or home improvement services.

In such instances, it is of the essence to have a backup plan that can sort you out when you are faced with such emergency situations. This is where the Home Depot credit card comes in handy.

The Home Depot Credit Card Options

A credit card from Home Depot is a card that is mandated in taking care of your house or home by offering a supplemental budget to assist you in repairing your house. However, not just any Home Depot card can be of help when the need arises. There are four different types of Home Depot credit cards to choose from depending on your preferences.These cards are divided into two.Two cards are meant for companies while the remaining two are meant for individual use. The most commonly used Home Depot credit cards are the individual or consumer cards. However, this is not to say that the company-oriented credit cards are not of any help. This can be attributed to the fact that those who own huge apartments or commercial institutions use the consumer cards to cater for any expenses arising from the repairs. The following is a breakdown of the two consumer Home Depot credit cards.

The Consumer Credit Card

The consumer credit card is similar to your store credit card in that you can make regular purchases of your preferences at any Home Depot. Home Depot offers zero interest rates for a period of more than six months to anyone who makes purchases of more than $299. For heating and air conditioning services, Home Depot credit card provides you with seasonal offers depending on the services and the urgency of the repairs. You should, however, pay close attention to the offers and deals offered. The notion behind this argument is based on the fact that once you break one of their rules and regulations, or you become late in paying the required amount, Home Depot, in conjunction with CITI bank will charge you a full amount regardless of whether you had an active promotion or not.The good thing about these Home Depot credit cards is the fact that they can be of great help when it comes to renovating your house. Apart from this, you can reap good on promotions and offers that are associated with these cards. To enjoy these services or more, all that is required of you is to apply for the card of your choice by visiting the Home Depot website. Once you are logged in, sign up and select the Consumer credit card option and you are good to go.

The Project Loan Card

The Project Loan Home Depot Credit Card is another great card to anyone who wants to renovate a huge building or initiate a construction project. With this card, you can get as much as $55,000 to oversee your plans. The Project Loan Card is more of a loan card rather than a credit card. The good thing about this card is the fact that:

  • It has no annual fees added to it
  • It has no perks
  • Gives you up to seven years to clear up any balance, and up to a six-month gross period to purchase any product from Home Depot.

It is, however, advisable to pay up your loan before the 84 months have elapsed as this will reduce your chances of paying extra interest rates which can be as high as 30% of your loan. The card comes with no perks, and their interest rates are friendly with most of them starting at 7.99%.Home Depot card can come in handy when emergency situations such as a failed AC system or a water breakdown situation occurs. If you are never late in paying your loans, the Home Depot credit cards can be of great help to you. All that you need to enjoy the services offered by these credit cards is to simply visit the Home Depot website, apply for the store credit card of your choice, and sign up.