Whether you’re planning to sell or staying put, home improvement projects can increase your property value and provide you with a new home feel without the need to move. If you don’t have the cash readily available to finance your next renovation project, you may want to consider a store credit card to pay for materials and supplies.
Home Depot and Lowe’s are popular places for novice homeowners completing small projects and contractors working on larger jobs. Both home improvement retailers have branded store cards with different perks, benefits, and special financing offers that could help you save on your home renovations and repairs. If you don’t prefer either store, this Home Depot vs. Lowe’s Credit Card comparison can help you choose which card is best for you — and your wallet.
At a glance
The Home Depot Consumer Credit Card helps your budget go further on your next home improvement upgrade or repair. This store credit card is offered through Citi, with card approval and special financing offers subject to creditworthiness. To be approved for the Home Depot Consumer Credit Card, you should have fair or better credit. Paying your bills in full each month means you won’t pay interest. If you qualify for a special financing promotion, you can enjoy an extended 0% interest period to pay off larger purchases.
Annual fee: $0
Welcome bonus: Up to $100 in savings on qualifying purchases for new card accounts. The offer is valid through January 26, 2022.
Perks: 1 full year return policy (90 days for non-cardmembers).
Standard APR: 17.99% – 26.99%
Everyday financing: 6 months no interest on purchases of $299 or more if paid in full within 6 months.
Special financing: Up to 24 months on special promotions with minimum purchase requirements.