Home Depot Credit Card: What You Need to Know NextAdvisor with TIME
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If you have no intentions of using the credit card, you should think about changing your payment method instead. Canceling over the phone is the fastest way to cross this item off your to-do list. When you call the support center, you’ll speak with a representative. They might ask you to provide the account number, card number, billing address, or other information related to the account, such as answers to your security questions. If you’ve decided your DIY days are most likely over, or you’re moving on to a competitor instead, you’ll likely want to close down your Home Depot credit card.
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Enrollment in Credit Card Paperless Statements and E-Communications. If Home Depot isn’t the only home improvement store in your area, you may save more with a retail card from its competitor, Lowe’s. Unlike the Home Depot card, the Lowe’s Advantage Card lets you choose between ongoing rewards or special financing. There’s no annual fee, but after the special financing period you’ll take on an ongoing 26.99% APR. Closing unused credit cards is an important step to take for yourself or a deceased loved one.
Updates on special deals and offers that might interest you. Payments are applied in the manner set out in your Cardholder Agreement. You may cancel in Account Online or by calling us at the number on the back of your card. You may cancel through Account Online or by calling us at the number on the back of your card. Introducing a whole new experience built to give you more control over your card and your time. Please keep in mind that Citi reserves the right to continue to notify you by email regarding your account.
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The store is notorious for processing returns that are not properly processed. They also require valid photo identification for non-received returns. Before you can apply for a Home Depot credit card, you should know the rules. Home Depot credit card applicants must have fair or better credit. This credit card offers 0% interest for six to 12 months, making it a good way to establish credit. Plus, this credit card reports to several credit bureaus, so you can build a strong credit history with this card.
You won’t be asked to provide answers to security questions, so you don’t have to worry about finding those. After you’ve verified your identity, they’ll confirm that you have a zero balance on the account. If you have a remaining balance, they’ll tell you what amount remains to be paid off. You can take care of this final payment if needed, while you’re on the phone.
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The alerting service allows you to request and receive messages about your credit card account. If you choose to receive statements electronically and then want a paper notice, call us at the number on the back of your card and we will mail it to you. Depending on the size and expense of your home project, a 0% APR card with a long introductory period might make more sense than a branded store card. The U.S. Bank Visa Platinum offers a 0% intro APR for the first 18 billing cycles on purchases and balance transfers, has no annual fee, and a regular variable APR of 18.24% – 28.24%. Before you start your project, budget for the supplies you’ll need and come up with a plan to pay off your purchase as quickly as possible to avoid racking up interest payments. Otherwise, you won’t receive ongoing rewards from Home Depot.
Before calling Home Depot to request a refund, you should be prepared for the return process to be lengthy. Depending on the type of payment you made, you can expect a wait of at least 30 days for your money to be refunded. However, if you plan to exchange the product or receive a store credit, Home Depot’s return policy is very flexible.
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Once you are connected to a customer service agent, let them know that you would like to close your account. If you don't use a credit card for a year or more, the issuer may decide to close the account. In fact, inactivity is one of the most common reasons for account cancellations. Totally agree that if you need a home improvement store card, go for the Lowe's card. 5% off purchases every day, or constant 0% APR promos that are typically more generous than the Home Depot card.
You can, however, get 5% off of larger purchases by using your Lowe’s Advantage card. You can then choose between the two options based on your financial situation. If you are considering applying for a Home Depot credit card, you should be aware of some of the fine print.
Today, you can find offers from several lenders with rates below 6% for varying term lengths and loan amounts. Before you sign up and start spending, though, consider how the Home Depot credit card may help you plan for larger renovation expenses. Make sure to use any remaining rewards on your existing card, as they’re likely to be forfeited when you close the account. Plus, it can’t hurt to pay down a bit of your balance by redeeming for cash back. You can also consider using the Lowe’s Advantage Card, which offers 5% cashback on purchases made at Lowe’s stores. You can’t combine the two offers, and the 5% offer only applies to purchases under $299.
If you choose to receive legal notices electronically and then want a paper notice, call us at the number on the back of your card and we will mail it to you. If your email address changes, please update it through Account Online or call us at the number on the back of your card. All in all, closing a card with a balance is rarely the best option. There are alternatives, but not all of them are available to people of every credit level – such as a good deal on a balance transfer credit card. Just make sure you understand the repayment terms before you act.
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