"Nice Limit"
The Home Depot® Credit Card Review
Written by: nwalker30 on 2008-01-02
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
nwalker30's review: 
I received a pre approval for this card several months ago. The offers really started to come when we closed on our house. I applied in Oct 2007 and was approved for a $2500 cl... Not bad! My score is around 660. As stated in previous reviews, my credit was horrible years ago. It takes time and patience to build credit. I like many of you had crappy cards with tons of fees like first premier (which I recently closed) and total Visa. I am presently closing all accounts with fees.
I received a pre approval for this card several months ago. The offers really started to come when we closed on our house. I applied in Oct 2007 and was approved for a $2500 cl... Not bad! My score is around 660. As stated in previous reviews, my credit was horrible years ago. It takes time and patience to build credit. I like many of you had crappy cards with tons of fees like first premier (which I recently closed) and total Visa. I am presently closing all accounts with fees.
6 Comments
Comment 1 by porgy1000
Well It Is Citi Bank 
on 2008-01-02
Your Home Depot card is issued by Citi Bank which is my favorite credit card company. They are a great bank for credit cards, you should close out your lousy cards and just keep the good ones.
on 2008-01-02 Your Home Depot card is issued by Citi Bank which is my favorite credit card company. They are a great bank for credit cards, you should close out your lousy cards and just keep the good ones.
Comment 2 by meya
Nice Limit on 2008-01-02
How many years have you had the cards that you are about to close? Closing cards with long history can hurt your scores. I have read this on numerous occasions. Just thought that I would throw a bug in>:)
on 2008-01-02 How many years have you had the cards that you are about to close? Closing cards with long history can hurt your scores. I have read this on numerous occasions. Just thought that I would throw a bug in>:)
Comment 3 by adicus
Credit Mix on 2008-01-02
Congrats! NWalker30
From what I understand you must have a pretty good credit mix. Mortgage, Car Loan and now quality credit cards. Sounds like a winner. My FICO Score jumped 47 point within this quarter. I canceled all those undesirable cards. I also sent a letter to the O. C (Backline) to have them post the zero balances on my credit file. I also had (4) old credit cards (less than a year on my credit file) removed that were from 5 years ago. You have control of your reporting/FICO than you think.
on 2008-01-02 Congrats! NWalker30From what I understand you must have a pretty good credit mix. Mortgage, Car Loan and now quality credit cards. Sounds like a winner. My FICO Score jumped 47 point within this quarter. I canceled all those undesirable cards. I also sent a letter to the O. C (Backline) to have them post the zero balances on my credit file. I also had (4) old credit cards (less than a year on my credit file) removed that were from 5 years ago. You have control of your reporting/FICO than you think.
Comment 4 by nwalker30
Closing Accounts on 2008-01-03
Meya, the accounts I am about to close actually have been open since 2004. If they were open for 5 years or more I would consider keeping them open. However, I would rather my score be affected a little bit than keep these crappy fee cards open.
on 2008-01-03 Meya, the accounts I am about to close actually have been open since 2004. If they were open for 5 years or more I would consider keeping them open. However, I would rather my score be affected a little bit than keep these crappy fee cards open.
Comment 5 by meya
Nwlaker on 2008-01-04
Well I do agree with you and furthermore, you know what is best. Could you let me know what happened to your report after closing cards with that much history?
on 2008-01-04 Well I do agree with you and furthermore, you know what is best. Could you let me know what happened to your report after closing cards with that much history?
Comment 6 by nwalker30
Will Update If Report Changes on 2008-01-04
Yes, I'll keep you posted on what happens.
on 2008-01-04 Yes, I'll keep you posted on what happens.
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Disclaimer: This content is not provided by Citibank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citibank. Review content is powered by Finance Globe.
