MyHomeDepotAccount is basically the name that is commonly used by people to refer to a special credit card that was issued by Citibank Credit Card Company. As you surely imagined, it is basically in a connection with Home Depot, which is a really important home improvement retailer that has different branches in numerous cities. Clients can take advantage of this credit card and there are some features that will have to be taken into account. However, we need to first look at the credit card types that are offered. This will help us out a lot in deciding what card we want to use in the future.
MyHomeDepotAccount Card Types
We have two basic types of such MyHomeDepotAccount credit cards. The Home Depot Consumer Credit Card is the first type and the Home Depot Rewards Mastercard is the second type. The Consumer Credit Card can be utilized by any person in order to make an online purchase or at the location of a Home Depot Store. One of the main features that can be used with this card is the fact that there will be absolutely no interest that is to be charged in the first six months on purchases that go over $299. There is also no extra payment needed. When the six months are up you will be faced with interest charges if the amount that you owe is not going to be repaid.
The MyHomeDepotAccount Mastercard is to offer you some interesting rewards. You basically receive 2 points for every single dollar that you are going to spend in Home Depot. 1 point will be offered whenever using the credit card to make a purchase from somewhere else. You can easily redeem these points in some select stores. The alternative is opting for travel cards, which is also a pretty interesting option.
What MyHomeDepotAccount Credit Card Type to Opt for?
We are basically in front of a standard credit card and a reward card. There are differences between the two and you will most likely want to use one more than the other because of different advantages. The MyHomeDepotAccount consumer credit card is recommended for any person that needs to buy items while renovating their home. It should only be used in the event that you are sure that you are to make purchases that go over $299. If not, there will not be many advantages and the disadvantages are going to be bigger. Keep in mind that you can pay only the minimum so that you do not get a penalty. The interest charged after the 6 months period will be different for different people but if one penalty is given then the maximum is to be charged from that point on. You have to be sure that you will not be penalized.
The MyHomeDepotAccount Rewards Mastercard is better suited for the casual buyer or for the buyer that basically does not need a loan. You are going to be able to take some money back from what you are going to spend anyway on products. There is a strong chance that you would make purchases from Home Depot and why not receive a reward for doing this? The more you buy with the use of the MyHomeDepotAccount Mastercard, the more points you are going to receive. This will help you out a lot on the long run. There are many that are taking advantage of this offer at the moment.