What Credit Bureau Does Home Depot Use In 2022? (Guide)
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Headquarters at the
American Express Tower |
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| Type |
Public |
|---|---|
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NYSE : AXP DJIA component S&P 100 component S&P 500 component |
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| Industry |
Banking Financial services |
| Predecessor |
Livingston, Fargo & Company Wells, Butterfield & Company Wells & Company |
| Founded |
March 18, 1850 ( 1850-03-18 ) , in Buffalo, New York , U.S. |
| Headquarters |
200 Vesey Street Manhattan , New York City , NY 10285 United States |
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Area served
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Worldwide |
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Key people
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Stephen J. Squeri ( Chairman & CEO ) Jeffrey C. Campbell ( Executive VP & CFO ) |
| Products |
Charge cards Credit cards Traveler’s cheques Corporate banking |
| Services |
Finance Insurance Travel |
| Revenue |
 US$ 43.66 billion (2021) [1] |
 US$4.3 billion (2020) [2] |
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US$8.06 billion (2021) [1] |
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Total assets |
US$188.55 billion (2021) [1] |
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Total equity |
US$22.18 billion (2021) [1] |
| Owner |
Berkshire Hathaway (18%) |
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Number of employees
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63,700 (December 2020) [2] |
| Website |
americanexpress.com |
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Footnotes / references [3] [4] [5] |
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Along with low pricing, Home Depot also customers the chance to apply for a store credit card that gives a variety of benefits and exclusive sale prices.
Home Depot Will Use 2022 Which Credit Bureau?
Home Depot relies on the Equifax Credit Bureau, Experian Credit Bureau, and TransUnion credit agencies in the United States to determine if a customer is eligible for a store credit. Home Depot systems will automatically determine which credit unions are eligible to be used for credit checks. A customer must have a credit score at the minimum of 640.
Home Depot does offer a Credit Card in Store?
Home Depot provides customers with a store credit account that they may apply for.
Fill out the online application at HomeDepot.com. Or in-store at your local Home Depot. These company credit cards are available at the moment:
For eligibility, applicants must provide their Social Security number and contact information.
Home Depot What Credit Bureaus Do They Use for Their Store Credit Card?
Home Depot will randomly select one of Equifax, Experian or TransUnion to conduct a credit check.
Home Depot claims that there’s no way to find out which credit bureau Home Depot sends the applicants details for the credit verification.
Citigroup is the bank that issues Home Depot’s credit card. It also uses Experian and Equifax to verify quality.
Home Depot Can Do A Hard Credit Test?
Home Depot performs hard credit checks on all application for store cards.
Home Depot is responsible for verifying the creditworthiness of any store credit card applicant.
For a credit bureau, this means that you must submit your social security information and personal details to determine your current status.
Home Depot advises that customers cannot pre-qualify for this store credit card in any way, and must complete the mandatory hard credit check.
How high is Home Depot’s credit score?
Home Depot’s credit cards require applicants to have good credit ratings to qualify.
Credit score must be at least 640 to qualify for Home Depot’s store credit card.
How easy is it to get the Home Depot Credit Card?
It is possible to apply for the Home Depot Credit Card, provided you have all the information required and a high credit score.
Some applicants may lose their credit score by having to complete a credit check in order to be eligible for this card.
Home Depot’s credit cards are a credit card with serious credit requirements. Customers interested in applying should ensure they have a good credit score before applying.
Applicants should ensure that any freezing or blockages to their credit are removed prior to applying for this store credit card, to avoid denial of the application.
How do Home Depot Store credit cards benefit you?
Home Depot offers a base credit card with an initial interest rate of 0% and a scaled annual APR rate based on usage. Other benefits are dependent on the usage.
Customers may also be eligible for a project loan credit card. The cardholders will be able to pay the balance over a limited time, much like a line credit that has a maximum of $55,000.
Home Depot may be able to help you learn about how you can shop there.
Home Depot utilizes one of the three most important credit bureaus for determining eligibility of store credit card applicants.
Home Depot’s credit card system selects randomly from Equifax and TransUnion to send financial information.
The applicants are also unable to know which credit bureau will be chosen by the system for determining eligibility.
What Bureau Does Home Depot Use?
Home Depot primarily uses Equifax, Experian and TransUnion credit bureaus to verify customer eligibility for store credit cards. Home Depot automatically chooses one of these credit cooperatives for credit verification upon customer application.
Home Depot uses which credit reporting company?
Home Depot employs three of the most prominent credit reporting agencies in America: Equifax and TransUnion, to evaluate the eligibility of their customers and then offers them credit cards. Dec 15, 2020
Home Depot Can Do A Hard Credit Test?
Yes. Home Depot Credit Card will conduct a credit pull. For this card to be granted, your credit score must not exceed 640. That is the same as what many store cards require. Pre-qualification for Home Depot Credit Card cannot be done. June 25, 2020
Is Home Depot a Credit Bureau?
Home Depot(r) Credit Card makes monthly credit reports to the bureaus, usually within one day of the end cardholder’s billing period. Home Depot(r), Credit Card reports credit limit, balance, payments history and other information to all three major credit agencies: TransUnion Equifax, Experian and Equifax. December 9, 2021
.What Credit Bureau Does Home Depot Use In 2022? (Guide)