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Question from Reader : Hey Mr Credit Card, I'm in the construction business and I obviously do a lot of buying of materials from Home Depot. But I also shop at other hardware stores. I realize that the Home Depot credit card may be useful but I also want to use any rewards I earn on other things. Are there any other credit cards that let me earn reward points and gives me the option of using them at Home Depot and other stores as well?
Answer : Well, it turns out that Home Depot has also partnered up with a few other credit card reward programs. In fact, there are three major credit card reward programs that have Home Depot as their partners. The ThankYou Network from Citicard, Worldpoints from Bank of America and the Membership Rewards from American Express all allow you to exchange reward points for Home Depot Gift Cards. The table below summarises the reward details.
| ThankYou |
Points Needed |
WorldPoints |
Points Needed |
Membership Rewards |
Points Needed |
| $10 |
1,500 pts |
|
|
|
|
| $25 |
3,500 |
|
|
$25 |
2,500 |
| $50 |
6,000 |
$50 |
6,000 |
$50 |
5,000 |
|
|
$100 |
12,000 pts |
$100 |
10,000 pts |
|
|
|
|
$500 |
50,000 pts |
As you can see above, different programs allow you to redeem Home Depot gift cards at different monetary levels. The Membership rewards probably offer the best bang for the buck because they require the least number of points to get the same value in gift cards compared to the ThankYou and Worldpoints program.
Cards to Get
The credit card to get if you want to get the Membership Rewards program is the Blue from American Express®. This card has no annual fee, the reward points have no expiration date and if your credit is good, you may even get a 0% introductory APR on purchases for up to 15 months.
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