We generally only recommend Ace Hardware Credit Card if you have at least a 630 credit score (otherwise known as a "fair" credit score). The reason being you can get a relatively high APR if you have a low credit score, plus it will be much harder to get approved.
Is Ace Hardware Credit Card a good credit card for me?
Every situation is different, so it's hard to give a blanket recommendation on whether or not Ace Hardware Credit Card is the right card for you.
However, they are known to be relatively generous with their reward points & other perks, so it may be worth it. Keep in mind you may have to acquire a minimum amount of points before you are able to redeem them.
Is Ace Hardware Credit Card worth it?
There are 100s of different credit card options that are best suited to a wide range of situations. Which makes it hard for us to honestly answer whether or not Ace Hardware Credit Card is worth it for you.
We recommend considering the following when looking into getting any credit card (as a starting point at least):
- Are you a responsible spender? You can quickly get yourself into too much debt if you're not responsible with your credit card
- Are there are signup bonuses available with this card?
- What annual fees does it have?
- Are there penalty APRs?
- Does it have an interest free period, and if so, how long is it?
- How does it's APR compare to other cards?
- How does the rewards/points system work?
What are the approval odds for Ace Hardware Credit Card?
The approval odds are going to be heavily dependant on your credit score, income & expenses.
If you have a credit score of 750+, you can basically get approved for most credit cards, including the Ace Hardware Credit Card. But if you have a "poor" credit score, it's going to be a lot more difficult.
What credit score do I need for Ace Hardware Credit Card?
A general rule of thumb is if you have a "good" credit score (670-739) or above, then you're approval odds are relatively high.
Anything below that and the odds go down, you may be able to get approved with a "fair" credit score, but if you have a "poor" score, then it is extremely unlikely you'll be approved (unless the card is secured).
Improve your credit score BEFORE applying for Ace Hardware Credit Card
If your credit score is preventing you from qualifying for Ace Hardware Credit Card, we recommend you call one of our friendly credit experts for a free consultation. We'll review your credit report with you (in real-time), and see if there is anything we can do to help your score.
Once we've improved your score for you, you'll be in a much better place to apply & get approval for Ace Hardware Credit Card. Not to mention all the other benefits that come with a great credit score!
Ace Your Credit Card Benefits: How to Maximize Them
If you're an Ace Hardware loyalist, you may already have their credit card. But are you using all its benefits? Here's how to maximize the benefits of your Ace Hardware credit card:
Sign up for the Ace Rewards program - that way, you'll get 2X points for every dollar spent at Ace Hardware as well as receive points for every purchase you make. This will really add up and allow you to redeem rewards such as cash back, store credits, and special discounts.
Take advantage of special financing offers - with this card, you can get up to 6 months of no-interest payments for purchases more than $299. This could be a great way to get some breathing room when it comes to purchasing power tools or appliances.
Be alert for exclusive cardholder promotions and discounts - keep an eye out for exclusive deals available only to Ace Hardware credit card holders!
Score Big: The Benefits of Having a Good Credit Score
A good credit score can bring a wealth of opportunities and financial perks. Here's some of the benefits you get from having a good credit score:
Lower interest rates when applying for loans and credit cards - this could result in thousands saved in interest payments over time.
Higher available credit limits - this provides more access to capital for big purchases like a car or house.
At your disposal for rental applications, cell phone contracts, and job applications – many employers/landlords/cell phone providers do check credit scores as part of their approval process.
Peace of mind – knowing that you have solid financial health is always reassuring. Paying bills on time and managing credit responsibly is always beneficial both now and in the future.