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Home Depot Credit Card with Deferred Interest
| regular APR | |
bad credit required
no annual fee
no interest on qualifying purchases if paid in full in 12,18 or 24 months.
Editors Review
Pros
- no annual fee
- Deferred interest offer - no interest if paid in full in 12 months (for purchases $299-$998.99), 18 months (for $999-$1998.99 purchases), or 24 months (for everything up from $1999)
Cons
- no in-store discounts offered (see Lowe's credit card)
- high APR for bad credit - up to 26.99%
Verdict
The only use case for that card is to use if for deferred interest on a qualifying purchase. This scenario is risky, because if you fail to pay your entire purchase off in time, you owe an interest at a very high rate.
Last updated: 09/07/2016
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