How Do You Check The Home Depot Store Credit Balance? (Answered, Plus Pros And Cons)

Home Depot Store Credit Balance

The only way to check your Home Depot store credit balance is by visiting the store personally with your physical card and legal I.D.  The cashier will check it for you, unlike before, where you could inquire about your store credit balance online.

To minimize fraud cases and complaints you cannot use Home Depot store credit to buy anything online or by phone. Whenever you want to use it, the cashier will verify first if it matches with your driving license or other necessary identification at the manager’s discretion. 

Please also note that you’ll no longer be able to receive balance inquiries by calling 1-800-Home-Depot. So, honestly, leave alone the boosters and scammers out of the equation. It’s impossible to verify funds short of spending in the store if you don’t have the requirement.

Is Store Credit Same As Gift Card?

People normally ask about store credit and if it is similar to a gift card. Well, store credit is issued whenever you return an item to the store. Instead of giving you a refund in cash, you will need to purchase something in the store using the credit given. A gift card is purchased from a store in any denomination you would like to give as a gift to someone. In short, they are not the same.

How Can I Use My Home Depot Store Credit?

Since the store credit is tied to the person who obtained it, you’ll have to purchase something else worth that amount. If you like, you can top up extra money for items costing more than your store credit. Giving someone your store credit is worthless unless you accompany and let him choose something he likes to make the purchase. In return, they can give you cash.

Alternatively, you can convert all or some of your store credit to cash by simply visiting the cash-out store credit page request. They will send you the cash sent through your PayPal account or a cheque mailed.  But, to convert the store credit into cash, you will incur a 10% cash-out fee.

Pros And Cons Of Home Depot Store Credit

ProsCons
Minimizes losses only the store credit owner can access it more chances doesn’t expire you can sell Convertible Customer loyaltyNot transferable10% cash-out fee if you lose the card, claiming it may not be easy can not be exchanged with a gift card. You cannot use it online.

Pros Of Home Depot Store Credit Explained

Minimizes Losses

Home Depot helps you minimize the losses by giving you store credit whenever you return an item that is not cash refundable. Sometimes you might buy items but find out later it’s not the one you wanted, it doesn’t fit well in your house or maybe it has faulty issues. 

So, rather than rendering the item useless, Home Depot allows you to take back the item as per their return policy in exchange for store credit. With the store credit, you can purchase the item you wanted with the equivalent money or top up more if the product cost is higher than the limit.

Only The Store Credit Owner Can Access It

To minimize the cases of potential frauds experienced before, a Home Depot credit card is linked to your legal identification. Meaning you will be the only person to access the credit as it’s not transferable. You have to visit their stores and show the necessary identification to spend it. So, it won’t be very helpful to someone else unless you accompanied them to the store.

More Chances To Get Other Items  

Home Depot gives you more chances to pick another item by giving you the store credit when you return a product due to one reason or the other. Being given another chance to pick something else is what makes some customers stick to various stores. It’s no doubt that they’re some store which doesn’t take back goods once they leave their stores, which is disadvantageous to many clients who are not satisfied after purchase.

Doesn’t Expire

The good thing about store credit is that they don’t expire sooner. With it, you are given enough time to make another purchase. Usually, from the return date, you will be given 365 days which is ample time to plan yourself accordingly and buy some things you want. In case you didn’t you do not find something great upon return.

You Can Sell

If you have an unwanted store credit, sell it to a friend or family member who needs to buy something of a similar amount at the Home Depot. Since the card is linked to your identification, you have to go with them when buying the items. Use your credit to pay for the goods and have them give you cash value equivalent to that amount.

They Are Convertible

Whenever you feel like purchasing nothing else from the store, you can always change your store credit into cash. Visit the cash-out store credit and request money to be sent to your PayPal account or have a check mailed. The only disadvantage is the cash-out fee of 10%. 

Customer Loyalty

Purchasing something with surety that you can return under certain circumstances improves customer loyalty to particular stores. The depot has confidence in its products and puts more emphasis on customer satisfaction. In return, the customer loyalty to the store keeps on improving while they sell out the brand through word of mouth to their friends and families.

Ongoing Access To Special Discount Offers

You can decide to use your credit on the product on the offers momentarily, so long as the value matches. Topping more money on the product on offer that you want makes more sense than just buying anything. 

Cons Of Home Depot Store Credit Explained

Not Transferrable

Unlike gift cards, you cannot transfer the ownership of the store credit to someone else since it’s linked to your details. The far much you can do is accompany the person to the store and let them pick whatever they want, and you make the payment.

10% Cash-Out Fee

When you spend your hard-earned money on something which didn’t fit your needs and later returned it you will, of course, want to get your money back in full. But, unfortunately, if you want to convert the credit to cash, you will need to pay a 10% cash-out fee of the total amount of the store credit. This is a great disadvantage, especially if you had spent a lot of money in the store, making the 10% huge amount.

If You Lose The Card, Claiming It Is Not Easy

The store credit may not have an expiration, but if you lose it, it’s gone since they are just barcodes on plastic with no tracking. You’ve to keep it safe and use it when you get something you like to avoid losing it. In case it’s lost, report the same in the store immediately.

Cannot Be Exchanged With The Gift Card

Store credit isn’t a valid tender for gift cards; you can only use cash, debit, or credit cards. In the end, you’ll have to use it personally.

You Can’t Use It Online

Store credit can only be used at the store by the linked person. Online transactions are not possible because the store needs to verify the store credit before you use it. The only thing you can do is check the available product and go to their stores and place the order.

 Home Depot Consumer Credit Card

The Home Depot consumer credit card is a store credit card issued specifically for Home Depot purchases. With this particular card, you can save money on interest, especially when paying off your purchases, thanks to their special financing offer. The card is suitable for family shoppers, homeowners, brand loyalists, deal seekers, DIY enthusiasts, or people who want to make expensive home upgrade.

But, if you are looking for a credit card that will reward your frequent or large project cost, then this card isn’t it. Unfortunately, the Home Depot credit card doesn’t have the option to earn rewards or enjoy ongoing purchase discounts, unlike other home improvement store cards. They only boast financial deals that differ throughout the year.

Benefits Of Home Depot Consumer Credit Card

1. Access to ongoing special financing offers

2. Holders enjoy sizable first purchase discount

3. Accessible to applicants with good credit scores

4. Cardholders are given extra time to make returns

5. Cardholders get additional special financing deals that change throughout the years.

6. Good customer experience

7. Great security features

8. Limitations of Home Depot Consumer Credit Card

9. Cardholders don’t get a traditional bonus

10. No reward program

11. There is a high standard purchase APR

12. Deferred interest “gotcha.”

13. Applicable for people with good credit scores only.

Take Away!

Home improvements are costly, and sometimes it becomes a must-do thing instead of wanting to. If that is the case, a credit card from Home Depot may be the ticket, especially for emergencies with high price tags. Home Depot offers different credit card types, including consumer and company, to be used at the store. Interestingly, Home Depot offers store credit to its customers for return items that you can use anytime. You’ll not regret the decision of choosing Home Depot for any home upgrade, among other things. Their customer service experience is top-notch.

Last Updated on August 18, 2021 by Musa D

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