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Buying Home Depot store credit...?

There is a guy on criags list selling his home depot "store credit." 1. Is this a gift card or do they have a seprate card for "store credit" (like he returned something without the reciept so they gave him store credit). 2. I was reading that they give you store credit if you pay for an item with a check and then return it before 15 days is up. So my concern is that this guy bought something with a bum check and then the next day returned it for store credit and when his check does not clear they will cancel the store credit? We thought of having home depot just transfer the amount onto our own store credit or gift card, but that could mean still problem if he used bum check and he could call and cancel the gift card that was bought with "his" store credit. So you can see my concern, but my husband says it will be fine and we will go in to cerify the credit left on the card (the guy told me it was a gift card and my husband it was a card for store credit)...is there a difference. I'm sure you see my concerns, what should we do? The card is for 649 and he said he'd sell it to us for 500 becuase he's trying to make his rent. Home depot does not do gift cards for more than 500...so there must be a seprate card that says store credit on it so it can be cancelled by home sepot if your check does not clear. I'm worried about the 15 days thing becuase if he check does not clear for whatever he bought and then returned home depot will not accept the store credit.

Public Comments

1. A store credit is given when someone returns something without a receipt. It can be used just like a gift card. As far as your concern about fraud, that is something you have to go with your gut feeling.
2. 1. Store credit to my knowledge works exactly the same as a gift card. The main difference is for accounting purposes. 2. There method for Home Depot to track the owner of a gift card or store credit. 3. The thing you read about the check is true, but store credit can also be given out for items without a receipt. It is our way of giving "cash" back to people without being overly exploited. My concern with that card is to make sure there is a 500 dollar balance on it.