The Home Depot® Credit Card will increase your credit limit no more than once every 6 months, generally. This time frame applies whether you request a credit limit increase yourself or wait for Citibank to offer you an automatic increase. It’s typical for credit cards to have a waiting period between increases.
Keep in mind that your chances of getting a credit limit increase are best if you’ve made the last six consecutive payments for the account on time. Having a low credit utilization rate also helps, as that shows you’re not desperate to borrow more.
How Often the Home Depot® Credit Card Increases Your Credit Limit
- Automatic: It may be possible to get an increase every six to 12 months.
- By request: You can request a credit limit increase every six to 12 months.
- No guarantee: Credit limit increases are never guaranteed, but you can improve your chances with responsible card use and a history of on-time payments.
If you really want a credit limit increase, it’s best to ask for one directly. But you should note that this will lead to a hard inquiry into your credit history, which may drop your credit score by 5-10 points. You can learn more about how to increase your credit limit on WalletHub.
This answer was first published on 04/24/23 and it was last updated on 01/12/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
The Home Depot® Credit Card will increase your credit limit no more than once every 6 months, generally. This time frame applies whether you request a credit limit increase yourself or wait for Citibank to offer you an automatic increase. It's typical for credit cards to have a waiting period between increases.
What is the highest credit limit at Home Depot? ›
The Home Depot credit card is a store-branded credit card for use can be used only at Home Depot. It offers 0% interest for six months on projects over $299 and offers credit limits up to $55,000 for those who qualify.
How to get an increase on a Home Depot credit card? ›
You can increase your Home Depot® Credit Card credit limit by making a request online, or by calling customer service at (800) 677-0232. Alternatively, you may also get a Home Depot® Credit Card credit limit increase without asking, if your account is in good standing.
How frequently can you increase your credit card limit? ›
You can apply for a credit limit increase anytime. If your application is approved, your new limit will be applied to your card instantly.
How often do credit card companies give credit increases? ›
Sometimes you don't have to ask for an increase, as once you have had your card for six or 12 months you might find that your credit limit increases automatically. Credit card issuers will track your account usage and creditworthiness and may increase your credit card limit without you asking.
How often does Home Depot increase credit limits? ›
The Home Depot® Credit Card will increase your credit limit no more than once every 6 months, generally. This time frame applies whether you request a credit limit increase yourself or wait for Citibank to offer you an automatic increase. It's typical for credit cards to have a waiting period between increases.
What credit limit can I get with a 750 credit score? ›
What credit score is needed to get a high-limit credit card?
| VantageScore 3.0 credit score range | Average credit card limit |
|---|
| 300–640 | $3,481.02 |
| 640–700 | $4,735.10 |
| 700–750 | $5,968.01 |
| 750+ | $8,954.33 |
Mar 15, 2024
Bear in mind that you may not get the full amount requested, and have a contingency plan in place. Typically, the bank will consider increases from 10% to 25% of your current limit. Anything higher could trigger a hard inquiry on your credit report, and that can in turn lower your credit score.
How hard is it to get a Home Depot credit card? ›
You can be approved for the Home Depot Credit Card with only a “fair” credit score, which means you can use it to build credit at a low cost, considering there's no annual fee. You can check your credit score for free and monitor its improvement on WalletHub.
Will Home Depot let you go over your credit limit? ›
If your account has a credit balance, we may reduce the credit balance by any new charges on your account. You may not maintain a credit balance in excess of your credit limit.
To get a credit limit this high, you typically need an excellent credit score, a high income, and little to no existing debt. What qualifies as a good credit limit differs from person to person, though.
What credit card has $5000 limit with bad credit? ›
The U.S. Bank Altitude Go Visa Secured Card is the best option if you have limited/poor credit and are looking for a high credit limit. You can deposit anywhere from $300 to $5,000, making your maximum credit limit available $5,000.
Does asking for a credit increase hurt your credit? ›
If you request a credit limit increase, your credit card issuer may perform a hard inquiry on your credit, which may temporarily lower your credit scores. If an issuer automatically raises a cardholder's credit limit, it may involve a soft inquiry, which doesn't affect credit scores.
What is considered a high credit limit? ›
If you're just starting out, a good credit limit for your first card might be around $1,000. If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.
Is it better to request a credit line increase or get a new card? ›
If you like your current card, asking for an increase could be the right move. But if you're looking for additional rewards or a better rate, opening a new line of credit may be the right option. No matter what you choose, always remember to use credit responsibly and spend within your means.
Do credit cards increase your limit without telling you? ›
The second way you may get a credit limit increase is if a credit card company increases your limit without a request from you. This typically occurs after you've demonstrated responsible credit habits such as making on-time payments and paying more than the minimum payment required.
What is the financing limit for Home Depot? ›
Key features of the Home Depot Project Loan: 7.42% to 19.96% fixed APR. Borrowing limit up to $55,000. Repayment period of 66 to 144 months.
What is the highest credit limit I can get? ›
The highest credit card limit you can get is over $100,000 according to reports from credit card holders. But like most credit cards in general, even the highest-limit credit cards will only list minimum spending limits in their terms. The best high limit credit cards offer spending limits of $10,000 or more.
Can you get a 50000 credit limit? ›
Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $50,000 or higher.
What is a maxed out credit limit? ›
Maxing out a credit card means that the balance has reached the credit limit and there's no more available credit. Maxed-out credit cards can negatively impact your credit score. Making credit card payments, even the minimum payment, can help your credit score.
