How do I apply for a Home Depot credit card?

You need a credit score of at least 640 for a Home Depot® Credit Card. This means you should have fair credit or higher for approval. That’s the case for both the Home Depot® Credit Card and the Home Depot® Business Credit Card. Both Home Depot credit cards are store cards, meaning they can be used only at Home Depot. Their 640+ credit score requirement is consistent with that of other ... read full answerstore credit cards.

However, your credit score is only one of the factors considered when you apply. The issuer will also consider your income, employment status, payment history, and debt level, among other factors.

Here are the Home Depot® Credit Card approval requirements:

• Credit score requirement: A credit score of 640+ (fair credit).
• Age requirement: Must be at least 18 years old. If you’re under 21 years old, you must have proof of independent income or a co-signer.
• Residency requirement: You must be a U.S resident. Address must be a physical location in one of the 50 U.S. states or Washington D.C. Note that P.O. box addresses will not be accepted.
• Basic application info: Includes full name, address, phone number, Social Security number, and birthdate.
• 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.

Keep 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 Cash Rewards Credit Card offers 1.5% cash back on all purchases. However, it comes with a $39 annual fee. For business owners, Capital One Spark Classic for Business gives 1% cash back on all purchases and has a $0 annual fee.

Home Depot credit card instant approval is a thing, especially for online applications. In rare cases, they issue a decision in 14 days tops.

After your application, you will either receive a new card in the mail or a rejection letter within two weeks of submitting an application.

The credit score that you need for the Lowe's Store Card is 640, at a minimum. That means people with at least fair credit have a shot at getting approved for this card.

Other Lowe's Store Card Approval Requirements

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Lowe's Store Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.... read full answer

Since all these criteria are taken into consideration, you might be able to get approved with a slightly lower credit score. But it’s best to wait and apply after you meet the Lowe's Store Card credit score requirement. You can check your credit score for free on WalletHub.