What is the Home Depot Credit Card balance transfer fee? This question is about the Home Depot® Credit Card

What is the Home Depot Credit Card balance transfer fee?

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This question is about the Home Depot® Credit Card

Maria Adams, Credit Cards Moderator

@m_adams • 11/12/21 This answer was first published on 11/12/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Home Depot® Credit Card does not have a balance transfer fee. The reason the Home Depot® Credit Card has no transfer fee is that it does not allow balance transfers at all, and that means you'll need to look for another credit card to help reduce the cost of existing debt.

There are a few credit cards with no balance transfer fee on the market. There are also a lot of 0% APR balance transfer cards. Picking one of these cards could help you save big on interest while you pay off your debt.

To see exactly how much you could save with the right balance transfer credit card, use WalletHub's Balance Transfer Calculator.

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How can I do a balance transfer with the Home Depot Credit Card?

You cannot do a balance transfer with the Home Depot Credit Card. This is a store card which can only be used at Home Depot store locations and on homedepot.com and it doesn't allow balance transfers.

If you have a balance to transfer, I'd suggest applying for a balance transfer credit card, offering lengthy promotional APR periods. You can check a few out here.

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What's the Home Depot Credit Card interest rate?

The regular Home Depot® Credit Card interest rate is 17.99% - 26.99%, depending on your creditworthiness. You'll need at least fair credit (a credit score of 640+) for approval. If you have fair credit, you may end up with an APR on the higher end of the range.

It's worth mentioning that the Home Depot® Credit Card offers a financing offer of 0% for 6 - 12 months on purchases. However, it's a deferred interest offer, rather than a true 0% APR period. So, if you pay one month’s...

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Is the Home Depot Credit Card worth it?

The Home Depot® Credit Card is worth it if you're looking to undertake a big home project. It comes with a $0 annual fee and offers 0% interest for new purchases. That means that you can save money on interest for any new purchase you get.

On the flip side, this card can only be used at Home Depot, and has an above-average APR of 17.99% - 26.99%, based on your creditworthiness. So it’s not ideal for everyday use.

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