Is the Home Depot Card worth keeping?
Renewal verdict for the The Home Depot® Consumer Credit Card — ongoing value only (a one-time welcome bonus doesn't justify year two).
Last updated
Cancel or avoid
This card is hard to justify — cancelling is usually the right call.
- Annual fee
- None Verified by source
- Credits you'd realistically use
- $0
Why
- Deferred-interest financing. "No interest if paid in full" promotions here are deferred interest, not a true 0% APR: interest accrues from the purchase date on the full balance and is charged retroactively if any balance remains when the promo ends. Treat the regular APR as the real cost.
Before you cancel
- Pay any balance in full first — closing a card does not erase what you owe.
- A no-annual-fee secured or starter card builds credit without the fee drag.
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Frequently asked
Is the Home Depot Card worth keeping?
Cancel or avoid. This card is hard to justify — cancelling is usually the right call.
What can I do before cancelling the Home Depot Card?
Pay any balance in full first — closing a card does not erase what you owe. A no-annual-fee secured or starter card builds credit without the fee drag.
Does cancelling the Home Depot Card hurt my credit?
Closing a card can lower your average account age and your total available credit, which may dip your score temporarily. Product-changing to a no-annual-fee card in the same family usually avoids that — you keep the account history.