How does home depot financing work

If you only have one store nearby, that may help you choose the better card. But if both stores are nearby, select the one that has the benefits you're looking for. And if you're opening a new card primarily for special financing, you should consider alternative cards that don't charge deferred interest. If you want a longer intro period, the U. This card has no rewards. Skip Navigation. Follow Select. Our top picks of timely offers from our partners More details.

SoFi Personal Loans. LightStream Personal Loans. We may receive a commission from affiliate partner links. Click here to read more about Select. Even the most loyal Home Depot fan would probably be better off with a flat-rate cash-back or rewards card.

The Home Depot Consumer Credit Card can help you finance a big home project; in fact, that's its primary selling point. The former merely "sets aside" interest, while the latter waives it for a period of time. That could end up being an expensive mistake.

Plus, it earns rewards: at least 1. Even if you don't take advantage of the deferred interest offer, you'll want to avoid carrying a balance from month to month. As with many store-branded credit cards, the ongoing interest rate can be quite high. The ongoing APR is For comparison, the average APR for accounts that incurred interest in was That's not nothing.

The Home Depot Project Loan Card is for people planning an expensive project who want to finance some of the costs. Learn more about this card here.

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Benefits and rewards The length of your financing period depends on the size of your purchase. Costs and fees If your card balance is not paid off by the end of the financing period, interest is accessed from the purchase date.

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