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Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered. You'll need a credit score of at least 640 to be considered eligible for a new account. And besides your credit score, the issuer will also look at your income, debts, and payment history to decide whether to approve you or not.
Look into other business credit cards that give you more flexible rewards, better employee-management capabilities, and more saving power. Before choosing a Home Depot credit card, consider why you want or need a credit card from Home Depot. If you’re a business owner and need to load up on supplies for a specific building project, one of the Commercial or Pro accounts might provide more benefit to you. In terms of credit options, both cards boast many of the same benefits. However, a business looking to finance purchases with monthly payment options and longer-term windows would do well to choose the Pro Xtra Card over the Commercial Account Card.
Home Depot Business Credit Card & Commercial Account Review
At 12 months, it has one of the longest 0% intro APR periods for purchases on the market—an incredible introductory perk that allows you to use this card as an interest-free loan during the intro period. While they are more like store charge cards than true business credit cards, you can still use them to buy what you need while managing your business cash flow. On the flip side, The Home Depot’s Commercial Account card is actually more like a charge card than a credit card. There’s no set APR or minimum monthly payment on this card, which is one of the bigger Home Depot card benefits that the store offers.
Both credit options are powered by Citi Retail Services, one of North America's largest and most experienced retail credit solution providers. Your payment will credit to your account as described in the paragraph titled "Same Day Crediting". If you use a bank account for the first time, we may hold the available line of credit equal to the payment for up to 3 business days. Now that we have looked briefly at the main differences between the Home Depot's best credit cards for businesses, let's look at some of the advantages and benefits that are found among both options. But if cash back is your thing, and you’re not an organization member, you might want to set your sights on a true cash back business credit card. You can use all of the Home Depot Credit Cards or credit accounts for qualifying online purchases or at any Home Depot store location.
Other Home Depot Cards
Both tradelines report payment history to all three business credit bureaus. Home Depot offers what they call commercial cards through Citibank. Additionally, Commercial Account Card members will receive flexible billing preferences including a 2% early pay discount if the bill is paid online within 20 days or an extended 60-day payment window. We will send notifications regarding the availability of your legal notices to the email address you provided to us until you contact us to change it. It is your responsibility to update promptly any changes in this information. If your email address changes, please update it through account online or call us at the number on the back of your card.
ZDNET independently tests and researches products to bring you our best recommendations and advice. As a footnote, some unbranded diesel and alternative fuels may not be eligible, so be sure to inquire at your local gas station first for eligibility, prior to topping up. Through the Employee Retention Tax Credit, the IRS grants eligible employers a credit equal to 70% of qualifying wages per W2 employee, PER quarter. Introducing a whole new experience built to give you more control over your card and your time. We want you to feel comfortable about giving us your email address. The following Email Policy was developed to help you understand how we use email and what your choices are.
Enrollment or Changing Bank Account
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Here, we’ll tell you the most important things to know about The Home Depot business credit cards. We’ll also give you a few alternative business credit cards to consider, in case you’re looking for more power, flexibility, and rewards than what The Home Depot business credit cards can offer. But the major reason to sign up for either Home Depot business credit card is for your automatic enrollment in the Pro Xtra Program. The Home Depot’s expanded commercial credit program aims to help Pros save time and money.
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Participation in their Fuel Rewards program can also shave some cash off your gas spend. Specifically for Home Depot’s professional customers, the Pro Xtra Commercial Revolving Charge Card allows authorized employees to use the card for company purchases at any U.S. Is a store card, meaning it can’t be used outside of Home Depot. To build credit, companies need to establish tradelines with creditors that report to the business credit bureaus.
If your savings exceed the price per gallon though, your remaining balance may be used on a future purchase prior to reward expiration. Depending on your business history and credit scores, you may be required to give a personal guarantee when applying for either a Commercial Account or a Commercial Revolving Card. In regards to the latter, that’s in reference to Joint & Several Liability. WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines.
Now discover a whole new online account, built to give you more control over your card and your time. But, in contrast to The Home Depot Commercial Revolving Charge Card, The Home Depot Commercial Account card doesn’t have a spending limit and will require you to pay you monthly spending in full. Review the specific loan agreement to verify your annual percentage rate , as the APR you receive will be based on your creditworthiness.
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