Does the Home Depot Credit Card do a hard pull? This question is about the Home Depot® Credit Card

Does the Home Depot Credit Card do a hard pull?

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This question is about the Home Depot® Credit Card

pinkstar, Member

@pinkstar • 06/25/20 This answer was first published on 12/17/18 and it was last updated on 06/25/20.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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Yes, the Home Depot Credit Card does a hard pull credit check. You will need a credit score of at least 640 to get it, which is on par with what most store cards require.

There is no way to pre-qualify for the Home Depot Credit Card. A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can learn more about how to minimize the credit score damage here.

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Here are the requirements to get a Home Depot® Credit Card:

Credit score requirement: Minimum 640 credit score (fair credit).

Age requirement: Must be at least 18 years old. If under 21 years old, must have proof of independent income or a co-signer.

Residency requirement: Must be a U.S resident. Address must be a physical location in one of the 50 U.S. states or Washington D.C. No P.O. box addresses will be accepted.

Basic application info: Includes full name, address, phone number, Social Security number and birthdate.

Application financial info: Includes monthly rent or mortgage payment, residence status (own/rent) and total annual net income (annual income after taxes).

If you get approved for the Home Depot® Credit Card, you will receive a credit limit of at least $300. For the Home Depot® Business Credit Card, your credit line will be at least $500.

Just bear in mind that the credit score needed for a Home Depot® Credit Card could also get you a number of good credit cards that can be used anywhere. For example, the Capital One QuicksilverOne offers 1.5% cash back on all purchases, but comes with a $39 annual fee. For business owners, Capital One Spark Classic gives 1% cash back on all purchases and has a $0 annual fee.

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How do I increase my Home Depot Credit Card credit limit?

You can request a Home Depot® Credit Card credit limit increase online, or by calling customer service at 1-800-677-0232. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Citibank has on file. Citibank will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.… read full answer

How To Get a Home Depot® Credit Card Credit Limit Increase Online

Choose the Home Depot® Credit Card from the list of account options (if you have more than one Citibank card).

Click “Available Credit,” and then “Request Increase.”

Enter the required information.

Confirm the information entered and click “Submit” to complete the request.

You should receive a decision in just a few seconds. If you’re approved for a Home Depot® Credit Card credit limit increase, the new limit is effective immediately.

Impact of a Home Depot® Credit Card Credit Limit Increase on Your Credit Score

When you request a Home Depot® Credit Card credit limit increase, Citibank will conduct a hard pull of your credit report, which will cause a short-term dip in your credit score. Citibank cannot do a hard pull without your permission, though.

Alternatively, you could be eligible for a Home Depot® Credit Card credit limit increase without even requesting one. The Home Depot® Credit Card may offer an automatic credit limit increase if Citibank’s regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.

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How hard is it to get the Home Depot Credit Card?

It is not hard to get the Home Depot® Credit Card, though it’s not especially easy, either. The Home Depot® Credit Card is available to people with fair credit or better, which means that most people should have a shot at approval but there are also plenty of people who won’t qualify.… read full answer

In order to get the Home Depot® Credit Card, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You’ll also need to have an SSN.

Just keep in mind that even though it’s not especially hard to get the Home Depot® Credit Card, you’re still not guaranteed to be approved.

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