What credit score do you need for the Lowe's 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.

The Menards Credit Card credit score requirement is 640+. That means you need at least fair credit to have a decent shot of approval. So, make sure you know where you stand before applying.

Apart from your credit score, the issuer also takes into consideration your overall financial picture, including your income and existing debt obligations. Your credit score can therefore only be used as a guideline.... read full answer

The best store credit cards to build credit with are the Amazon.com Store Card (5% back in rewards back on Amazon.com with a Prime membership) and the Target Credit Card (5% discount at Target and Target.com). Both require just fair credit for approval. And like all major store credit cards, they report to the three major credit bureaus every month. That will help you build credit history. But keep in mind that store cards can only be used at the retailer they’re affiliated with.... read full answer

Best Store Credit Cards to Build Credit With

You need at least a fair credit score to be approved for most store credit cards. If you have bad or limited credit, your options are slim. In fact, the only real “store card” for limited or bad credit is the Fingerhut Credit Account, which you can only use at the online retailer Fingerhut. As a result, you might be better off expanding your search beyond store credit cards to include secured credit cards and general-purpose credit cards for people with limited or bad credit. Then when you reach fair credit, you can accelerate your credit building and maximize your savings with a store credit card from your favorite retailer.

It’s also worth noting that some of the best store credit cards to build credit with have “deferred interest.” Don’t confuse this with a normal 0% offer, where you only owe interest on the balance remaining after your intro periods ends. With deferred interest, you must pay off your entire balance by the end of the promotional period. If you don’t, you owe interest at the card’s regular APR from the date of purchase instead.