Home Depot Commercial Account In 2022 (How It Works, Benefits + More)
S&P 100 component
S&P 500 component
Livingston, Fargo & Company
Wells, Butterfield & Company
Wells & Company
March 18, 1850
Buffalo, New York
200 Vesey Street
New York City
Stephen J. Squeri
Jeffrey C. Campbell
Number of employees
Footnotes / references
Home Depot is one the most popular home-improvement retailers in America.
Citibank is the exclusive provider of Home Depot’s Commercial Account. It will be available exclusively to business customers starting in 2022. The account is only available to authorized users who can purchase products. Owners of the account will receive detailed billing statements detailing their purchases. The Home Depot Commercial Account must be paid off in full each month.
How does a Home Depot account for commercial purposes work?
A Commercial Account belongs to the Net 30 group. It reports to all three small business credit bureaus: Experian Small Business, Equifax Small Business, Dun & Bradstreet.
Additional approval can be granted for $500-$2000 to your Home Depot Commercial account.
A personal guarantee is not required for Home Depot Commercial Accounts if you have more than 10 employees and 80 paydex.
How can I open a Home Depot Business Account?
Apply for a Home Depot Commercial Account via the Home Depot Website.
Note that you will need relevant information pertaining to your business, including the legal name, billing information, business structure, and business details.
A Home Depot Commercial Account must only be applied for by authorized officers, controlling parties, or major shareholders.
For a Commercial Account to be opened, the principal shareholder or owner must have your personal information. These include name, address and date of birth.
A personal guarantor may be required to apply for Home Depot Commercial Accounts if your application does not fulfill certain requirements.
Additionally, you may also be eligible to receive fuel incentives when you open a Home Depot Commercial Account. You will have the ability to choose between 30- or 60-day payment terms.
What are the steps to making Home Depot Commercial account payments
Citi accounts portal lets customers make payments online and manage their Home Depot Commercial account.
To pay your Home Depot Commercial Account, you have two payment options: online and by mail.
Mailing payments can sometimes take from 5 to 7 working days before they reach the Home Depot processing facility.
Where can I view the purchases on my Commercial Account?
Logging into Citi Online Portal will allow you to track all purchases on your Home Depot Commercial Account.
Your Home Depot Commercial Account will detail all of your transactions on each month’s billing statement.
You can track purchases on your Commercial Account in a number of ways, such as by job name or number, the buyer’s name, or the purchase order.
How can I modify the buyers authorized to my commercial account?
Citi Online portal lets you manage all authorized buyers in your Home Depot Commercial Account.
Click on the Maintenance request button to allow you to remove or add authorized buyers to your Home Depot account.
You can also call Home Depot Credit Services on 866-875 5490 or fax your request for authorized buyers to 1-888-2666-7308.
You must first wait for your card to arrive before adding authorized buyers to your commercial account at Home Depot.
What Are The Benefits of A Home Depot Commercial Account?
A Home Depot Commercial Account offers members additional benefits, including itemized billing and authorization buyers.
Apply for your Home Depot Commercial Account to qualify for Fuel Discounts at Shell.
Your Home Depot Commercial Account will earn you $0.10 in Fuel Rewards savings on every $100 you spend.
Other than that, members of a commercial account also have a full year to make returns to Home Depot and receive a Pro Xtra membership.
Which credit score is required for a Home Depot Commercial account?
To successfully obtain a Home Depot Commercial Account, you need a credit score of over 640, which is similar to the score needed for other store credit cards.
Note that you also must be a registered business owner to apply for a Home Depot Commercial Account.
What exactly is a Commercial Revolving Credit Card?
Home Depot Commercial revolving charge cards are very similar to commercial accounts but can be harder to apply for.
The Commercial Revolving Credit Card from Home Depot allows you to choose whether to make full monthly payments or lower installments.
Also, approvals can be granted for large amounts of money, ranging from $2000 to $10,000.
However, note that you will require a personal guarantee for a Commercial Revolving Charge Card at Home Depot.
You’ll still have the option of itemized statements and easy purchase tracking. Online account management is also available.
You now have a better understanding of Home Depot Commercial Account. Also, check out our posts about Home Depot Home Improver Card and Home Depot Pro Account.
Home Depot provides numerous benefits to businesses and offers strategies for managing their companies.
As well as providing fuel rewards and longer return policies, the Home Depot Commercial Account allows for easy tracking and management of your purchases.
ou can alter your authorized buyers for your Home Depot commercial at any time using the Citi online portal, or by contacting Home Depot Credit Services.
What Is A Home Depot Commercial Account?
Citibank offers Home Depot’s Commercial Account exclusively to small businesses starting in 2022. All authorized account users are granted buyer IDs for the purchase of goods. Account owners receive itemized billing statements detailing all purchases. Home Depot Commercial accounts must be paid in its entirety each month.
Which Credit Score is Required for a Home Depot Commercial Account
What is a Commercial Revolving Charcard?
You have options with the Revolving Charging Card. Either you make smaller monthly payments or you pay full-monthly. Payments are due in full with the Commercial Account card. To increase cash flow, you also have the option of paying by invoice.
Home Depot: Is it a Net30 account?
You will be required to make full monthly payments for your Home Depot Commercial Account. This account is net 30-vendor. Buyer IDs can be granted to authorized users. This allows your employees to make charges on the account.
.Home Depot Commercial Account In 2022 (How It Works, Benefits + More)