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Thread: Home depot card

  1. #1
    dtg
    dtg is offline Member
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    Dec 2001
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    Home Depot Card, Please Help

    I thought I read somewhere that you had to have a high credit score to get a home depot card and that they only start you out with $250. Is this true? Please let me know what your experience is with this card.

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  3. #2
    DaveLV is offline Senior Member
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    Mar 2001
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    1,878

    Re: Home depot card

    I had a promo inquiry on TU in November from Home Depot and was then offered the card in Febrary in the mail. My TU fake score was ~ 611 and my Eloan score was ~660. They gave me a $1,250 limit which was the max "up to..." on their offer.

    Oddly enough there never was a hard inquiry on any report from my accepting the offer. They did it all from the promo inquiry they pulled on TU.

  4. #3
    Ron
    Ron is offline Senior Member
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    Re: Home Depot Card, Please Help

    Originally posted by dtg
    I thought I read somewhere that you had to have a high credit score to get a home depot card and that they only start you out with $250. Is this true? Please let me know what your experience is with this card.
    dtg,

    I have pre-approval application for Home Depot Card that came with my Exxon Card three years ago. They approved me for $400. I requested limit increase from time to time and my limit is increased to $8800. Two years ago, they lowered my APR to 9.9% fixed due to my good credit history.



    Ron.

  5. #4
    mj
    mj is offline Senior Member
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    Re: Home Depot Card, Please Help

    Ron- how did you get the APR lowered ??

    Thanks-
    mj

    PS: they don't do hard inquries - if you're "pre-approved" it's firm. They have only done soft AR's on my account since I've opened it.

    -mj

  6. #5
    Ron
    Ron is offline Senior Member
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    Re: Home Depot Card, Please Help

    mj,

    They just sent me a notice to notify me that I got 9.9% fixed for purchase. I notice they pulled soft inquiry on my Equifax for account review. By the way, I got pre-approval because I have Exxon Card with them. By the way, I haven't request any lower rate and they just lower my rate due to my excellent credit history. That's the lowest rate I have seen from them.


    Ron.

  7. #6
    dtg
    dtg is offline Member
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    Dec 2001
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    62

    Re: Home Depot Card, Please Help

    I don't have a pre-approval. Do you think it is worth going for? We are buying a new house and will need some things. I would think if your not pre-approved that there would be a hard inquiry. Who has a home depot card without a pre-approval and how much did you get at what credit score. Thanks

  8. #7
    Momof3 is offline Senior Member
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    Mar 2000
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    3,244

    Re: Home Depot Card, Please Help

    My husband has one, no preapproval, they pulled Equifax 670 at that time, got a whopping 300 limit:(
    Momof3
    Official Home Owner 335 to go!

    Proud to be a member of the "TRIO", that's a group of three individual people LOL

  9. #8
    DaveLV is offline Senior Member
    Join Date
    Mar 2001
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    1,878

    Re: Home Depot Card, Please Help

    I've heard that if you apply while trying to make a large initial purchase you are more likely to be approved for a higher limit than if you apply without a specific purchase amount.

    Rumor only -- but if you are going to apply anyway you might as well try it.

  10. #9
    Kernel is offline Junior Member
    Join Date
    Apr 2001
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    12

    Re: Home Depot Card, Please Help

    I have a Home Depot card with a $500 limit. I had been previously turned down in the store. I applied online during the summer time because I heard a rumor that they relax their approval criteria a bit during the summer time in order to help boost their sales.

    Hope that helps,
    KernelPacket

  11. #10
    dtg
    dtg is offline Member
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    62

    Re: Home Depot Card, Please Help

    Thanks for all the help.

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