The starting Home Depot® Credit Card credit limit is $300 or more. Everyone who gets approved for the Home Depot® Credit Card is guaranteed a credit limit of at least $300. Plus, particularly creditworthy applicants could get limits a lot higher than that.
What you should know about the Home Depot® Credit Card credit limit:
The Home Depot® Credit Card credit limit that you start with isn’t necessarily your credit line forever. You can ask to get a credit limit increase by calling (800) 677-0232. But it’s best not to ask more than once a year.
The issuer will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. For a better chance at receiving an automatic credit limit increase, make sure to always pay on time and to keep your credit utilization low.
You can increase your Home Depot® Credit Card credit limit by making a request online, or by calling customer service at (800) 677-0232. Alternatively, you may also get a Home Depot® Credit Card credit limit increase without asking, if your account is in good standing.
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 information on your account. The issuer 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 applicable.
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, the issuer may conduct a hard pull of your credit report, which could cause a short-term dip in your credit score. The issuer 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 the issuer’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.
Unfortunately, you cannot go over your Home Depot® Credit Card credit limit. If there is not enough credit available on your card, the transactions will simply be declined.
Still, if you need more spending power on your card, you can always ask for a credit limit increase. You can do that from your… read full answeronline account, or by calling the card’s customer service at (800) 677-0232. Just keep in mind that if you request a credit limit increase, the issuer will conduct a hard pull of your credit report, which will cause a short-term dip in your credit score.
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