The Home Depot understands that its customer will vary wildly from someone who just wants to pick up a paint can to touch up their garden fence, through to commercial customers that need a large number of business supplies.
And different customers have different credit needs. That’s why The Home Depot doesn’t just offer one credit card – it actually has four to choose from.
The Consumer Credit Card is the everyday choice. It lets you pay for larger items over a number of months, with a 6 month interest-free period on any purchases over $299. It also lets you return items for up to 1 year, instead of the normal 3-month returns period. Your credit limit will be determined by your creditworthiness.
There are also some fantastic offers available for holders of the Consumer Credit Card. These vary, but can include 10% off selected ranges, or extended interest-free periods to let you spread the cost without incurring extra charges.
The second credit option is the Project Loan card. This is designed for larger, more expensive projects with loans of up to $55,000 available. It’s a low interest loan card, with interest set at just $20 per $1,000 spent. So even if you use the entire $55,000 loan amount, you’ll only pay $1,100 in interest.
The final two options are designed for commercial customers. The Commercial Revolving Charge Card is aimed at businesses who want the flexibility to spread the costs over longer periods. Multiple cards are available, so employees can be trusted with a card, while itemized statements make it easy to keep track of who is buying what.
Finally, the Commercial Account card is similar but gives the option of paying by invoice, rather than flexible minimum payments. Offers are also available with the commercial cards, including saving up to $100 on your first purchase of $1000 or more.