"Application Status Under Review"
The Home Depot® Credit Card Review
Written by: louise on 2008-02-03
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louise's review: 
Application is under review. I want this card since I am not a big Home Depot shopper except for cleaning supplies and minor items like light bulbs. I am trying to rebuild my credit so I thought by applying for this card it would keep my spending methodically solid. When I applied, my FICO Score was 650 and I do have a huge blemish (BK discharged June 2006). So, I am in limbo right now. I like rejections to be instant...
Application is under review. I want this card since I am not a big Home Depot shopper except for cleaning supplies and minor items like light bulbs. I am trying to rebuild my credit so I thought by applying for this card it would keep my spending methodically solid. When I applied, my FICO Score was 650 and I do have a huge blemish (BK discharged June 2006). So, I am in limbo right now. I like rejections to be instant...
5 Comments
Comment 1 by arod
If Decline Try 
on 2008-02-03
Www.Capitalone.com
or
www.Orchardbank.com
these banks wont abuse you. They credit line might be low but its a start.
Good luck,
Alex
on 2008-02-03 Www.Capitalone.comor
www.Orchardbank.com
these banks wont abuse you. They credit line might be low but its a start.
Good luck,
Alex
Comment 2 by meya
Not Sure About This One Either on 2008-02-03
This card is financed by Citibank, and I have not known Citibank to accept bk. Please, don't be discouraged, you might be surprised.
on 2008-02-03 This card is financed by Citibank, and I have not known Citibank to accept bk. Please, don't be discouraged, you might be surprised.
Comment 3 by hjm331
Don't Worry! on 2008-02-03
Louise, don't worry if they reject you for this card. However, I don't know anyone that would be rejected for a store card. If you do get approved, they might give you a HIGH interest rate around 30% which is the same as any other store card.
Arod is right, Orchard Bank and Capital One are great cards as long as you pay on time and don't go over your limit. Guess what? They both offer Mastercard cards so they can be used anywhere Mastercard is accepted. Capital One will start you off with a low limit but they offer you a CLI in 90 days as long as you make your payments on time and don't go over your limit. Good luck, hope this helps!
on 2008-02-03 Louise, don't worry if they reject you for this card. However, I don't know anyone that would be rejected for a store card. If you do get approved, they might give you a HIGH interest rate around 30% which is the same as any other store card. Arod is right, Orchard Bank and Capital One are great cards as long as you pay on time and don't go over your limit. Guess what? They both offer Mastercard cards so they can be used anywhere Mastercard is accepted. Capital One will start you off with a low limit but they offer you a CLI in 90 days as long as you make your payments on time and don't go over your limit. Good luck, hope this helps!
Comment 4 by porgy1000
Citibank on 2008-02-03
Meya you are correct once again, Citibank will NOT issue a card to anyone with a BK on their credit report, even if it is 9 years old. Most tier one banks will do the same. To apply for a card with a tier one bank will just end up with a decline. GEMONEY too will not issue cards under the Mastercard logo or the Visa logo with a bk that new. They will issue cards like Walmart though.
the HOMEDEPOT card says poor credit but they consider that a 60 day late payment from 6 months ago that lowered your score to 620 etc.
Citibank, US bank, chase and now even Barclays will NOT issue cards to a BK at all. Maybe if it is a partial secured with BOFA but not unsecured
on 2008-02-03 Meya you are correct once again, Citibank will NOT issue a card to anyone with a BK on their credit report, even if it is 9 years old. Most tier one banks will do the same. To apply for a card with a tier one bank will just end up with a decline. GEMONEY too will not issue cards under the Mastercard logo or the Visa logo with a bk that new. They will issue cards like Walmart though.the HOMEDEPOT card says poor credit but they consider that a 60 day late payment from 6 months ago that lowered your score to 620 etc.
Citibank, US bank, chase and now even Barclays will NOT issue cards to a BK at all. Maybe if it is a partial secured with BOFA but not unsecured
Comment 5 by ash
Dont Give Up! on 2008-02-04
Hey,
You have a pretty decent FICO post BK!
I didn't get the Home Depot card too, but that's ok. Barclays issue several cards that some people after bk get others don't.
Just keep working at rebuilding your credit history and you'll start to see pre-approval offers in your mail box in no time.
Review the suggestions on this forum regarding the buider cards and also google search BK friendly creditors and you can find info as well.
Good luck!
on 2008-02-04 Hey,You have a pretty decent FICO post BK!
I didn't get the Home Depot card too, but that's ok. Barclays issue several cards that some people after bk get others don't.
Just keep working at rebuilding your credit history and you'll start to see pre-approval offers in your mail box in no time.
Review the suggestions on this forum regarding the buider cards and also google search BK friendly creditors and you can find info as well.
Good luck!
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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.
