Thinking about buying a new HP laptop or printer and wondering if the HP credit card is worth it? The short answer: it is a financing tool, not a rewards card, and the fine print matters a lot. The HP credit card carries a purchase APR near 36%, well above the average credit card interest rate, so it only makes sense if you pay it off fast or use a promotional financing offer.
Here is exactly how the HP credit card works as of June 2026, what it costs, and when a different card serves you better.
Key Facts at a Glance
| Feature | HP Credit Card |
|---|---|
| Issuer | Comenity Capital Bank (a Bread Financial company) |
| Network | Store card, usable only at the HP Store |
| Annual fee | $0 |
| Purchase APR | 35.99% variable (as of June 2026) |
| Penalty APR | Up to 39.99% variable |
| Rewards | No cash back; HP Rewards points on eligible HP purchases |
| Welcome bonus | None standard; promotional financing offers vary |
| Score needed | Fair to good, roughly 640 and up (researched range) |
| Reports to bureaus | Yes, to the major consumer credit bureaus |
Who Issues the HP Credit Card
The HP credit card is issued by Comenity Capital Bank, which is part of Bread Financial. HP itself does not lend the money. Comenity handles the application, the account, and the billing.
This is a closed-loop store card. You can use it only at the HP Store online, not at other retailers and not as a general-purpose card. That single limitation is the biggest reason to think twice before applying.
APR and Fees You Need to Know
The APR is the headline number. As of June 2026, new HP credit card accounts carry a purchase APR of 35.99% variable, tied to the Prime Rate. If you fall behind, the penalty APR can climb to 39.99% variable.
Those rates are steep. Carrying a balance on a card at almost 36% can erase any value you get from the card very quickly.
On the fee side, the card has no annual fee. Comenity may charge a $2.99 monthly fee for each paper billing statement mailed to you, but you can avoid it by enrolling in paperless statements. Late payment and returned payment fees also apply per the cardholder agreement.
How HP Financing Promotions Work
The main reason people open this card is promotional financing. HP regularly offers no-interest-if-paid-in-full periods on qualifying purchases, often ranging from 6 to 24 months depending on the amount you spend. If you like the idea of an interest-free window, a general-purpose 0% interest card can offer the same benefit without locking you into one store.
The catch is the term "deferred interest." If you do not pay the full promotional balance before the period ends, the issuer can charge interest going all the way back to the original purchase date. That can turn a tempting offer into a costly surprise.
To use these offers safely, divide the purchase by the number of promo months and pay at least that much every single month. Set a reminder for one month before the promo ends so you can clear any leftover balance.
If You Want Rewards, Look Elsewhere
The HP credit card earns HP Rewards points on eligible HP Store purchases, but it pays nothing on everyday spending and offers no cash back. If your goal is to earn rewards on a big tech purchase, a flat-rate cash-back card usually beats it.
For people who want a real cash-back card they can use anywhere, the Aspire Cash Back Rewards Mastercard is worth a look. It is an open-loop Mastercard, so it works at any merchant, not just one store, and it earns cash back on purchases. That flexibility matters when a store card locks you into a single retailer.
Aspire® Cash Back Rewards Mastercard
Aspire® Cash Back Rewards Mastercard
Aspire® Cash Back Rewards Mastercard. Prequalify* For Up To $1000 Credit Limit. No security deposit. Packed with great benefits, it’s designed to give you more flexibility—and purchasing power—along with up to 3% cash back rewards!** Good anywhere Mastercard is accepted, it’s the go-to card for any lifestyle.
Standout feature
Up to 3% cashback rewards
Fees
$49 to $175; after that $0 to $49 annually; - $60 to $159 annually billed at $5 to $12.50 per month after the first year.
Pros
No Deposit Required. Prequalify for up to $1000 credit limit
Cons
High APR. 25.74% to 36%, based on your creditworthiness.
Another flexible option is the Perpay Credit Card. Perpay is built around paying over time and reporting your payments to the credit bureaus, which can help you build credit history while you spread out a large purchase. Unlike the HP card, it is not tied to one merchant.
If you are buying tech and shopping around for a way to pay over time without a store-only card, comparing these alternatives first can save you both money and a hit to your flexibility.
Perpay Credit Card
Perpay Credit Card
Meet the only card powered by your paycheck. With automatic transfers from your paycheck, you can manage payments stress-free and build credit with ease.
Fee
$9/month plus $9 account opening fee
APR
Marketplace: 0% / Credit Card: 27.74% to 29.99% depending on your creditworthiness.
Minimum Deposit Amount
$0
Credit Check
No
Cashback
2% reward on purchases made in Perpay Marketplace
Benefit
2% rewards, no security deposit
Does the HP Credit Card Build Credit?
Yes. Comenity reports HP credit card activity to the major consumer credit bureaus, so on-time payments can build credit over time. The flip side is also true: a missed payment or high balance can hurt your score.
Because the credit limit on store cards is often low, even a moderate balance can push your credit utilization high. Keeping your balance well under the limit protects your score.
If building credit is your main goal rather than financing a laptop, a starter card you can use everywhere is a better fit. The Arro Card is an unsecured starter card with no deposit and no hard pull to see your offer, and its limit can grow over time as you use it responsibly. It gives you broad usability that a store card cannot match. If you would rather shop around, our roundup of the easiest store credit cards covers other retail options for thinner credit files.
Arro Card
Arro Card
No deposit. No hard credit check. Start with up to $300 and grow your credit line to $2,500 by completing in-app tasks. Earn 1% cash back on gas and groceries — including Walmart and Target.
Standout feature
Unsecured — no deposit required
Fees
up to $60/ year
Pros
1% cash back on gas & groceries
Cons
Starting credit limit: $50–$300
Who Should Get the HP Credit Card
The HP credit card makes sense in one specific situation: you are making a large HP purchase, you qualify for a promotional financing offer, and you are confident you can pay the full balance before the promo ends. In that case, the financing can be genuinely useful.
It is a poor fit if you want rewards, plan to carry a balance, or want a card you can use anywhere. The near-36% standard APR is simply too high to carry month to month.
Before you apply, decide whether you need financing for one store or a flexible card for everyday life. For most people, a general-purpose card answers more needs, and learning how to choose a credit card can help you weigh the tradeoffs.
Frequently Asked Questions
Who issues the HP credit card?
The HP credit card is issued by Comenity Capital Bank, a Bread Financial company. HP does not lend the money itself; Comenity manages the application, account, and billing.
What is the APR on the HP credit card?
As of June 2026, the purchase APR is 35.99% variable, and the penalty APR can reach up to 39.99% variable. These rates are tied to the Prime Rate and can change.
Can I use the HP credit card anywhere?
No. It is a closed-loop store card that works only at the HP Store. For purchases at other retailers, you would need a general-purpose card on a network like Visa, Mastercard, or American Express.
Does the HP credit card have an annual fee?
There is no annual fee. However, a $2.99 monthly paper statement fee may apply unless you enroll in paperless statements, and late or returned payment fees can apply.
Terms and conditions apply, and APRs vary by creditworthiness. Always confirm current rates and offers on the issuer's Rate and Fee Summary before applying.
