Home Depot Commercial Account
Home Depot Commercial Account In 2022 (How It Works, Benefits + More)
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Headquarters at the
American Express Tower |
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| Type |
Public |
|---|---|
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NYSE : AXP DJIA component S&P 100 component S&P 500 component |
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| Industry |
Banking Financial services |
| Predecessor |
Livingston, Fargo & Company Wells, Butterfield & Company Wells & Company |
| Founded |
March 18, 1850 ( 1850-03-18 ) , in Buffalo, New York , U.S. |
| Headquarters |
200 Vesey Street Manhattan , New York City , NY 10285 United States |
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Area served
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Worldwide |
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Key people
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Stephen J. Squeri ( Chairman & CEO ) Jeffrey C. Campbell ( Executive VP & CFO ) |
| Products |
Charge cards Credit cards Traveler’s cheques Corporate banking |
| Services |
Finance Insurance Travel |
| Revenue |
 US$ 43.66 billion (2021) [1] |
 US$4.3 billion (2020) [2] |
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US$8.06 billion (2021) [1] |
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Total assets |
US$188.55 billion (2021) [1] |
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Total equity |
US$22.18 billion (2021) [1] |
| Owner |
Berkshire Hathaway (18%) |
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Number of employees
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63,700 (December 2020) [2] |
| Website |
americanexpress.com |
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Footnotes / references [3] [4] [5] |
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Home Depot, one of the largest home improvement retailers in the U.S., offers its customers a range of promotions, deals, and loyalty programs to help them save up on money.
Citibank is the exclusive provider of Home Depot’s Commercial Account. It will be available exclusively to business customers starting in 2022. Account holders are issued buyer IDs so they can buy products. The owners also have the option to receive itemized bills detailing all their purchases. Home Depot Commercial accounts must be paid in its entirety each month.
What Is A Home Depot Commercial Account?
Home Depot offers a commercial account through Citibank, which can be used as a net 30-vendor account. This is an exclusive business account that Home Depot provides exclusively to businesses.
Authorized users of the Home Depot Commercial Account can be given buyer IDs which will allow them to use their account to buy goods and products at Home Depot.
Home Depot will help you maximize your business’ cash flow by opening a commercial bank account. This account allows you to receive detailed invoices and billing statements for all your purchases.
A Commercial Account does not have an annual fee and offers flexible payment options. It is easy to apply for at Home Depot.
What does the Home Depot Commercial Account look like?
A commercial account is part of the Net 30 category and reports to all three credit bureaus, Dun & Bradstreet Small Business, Equifax Small Business and Experian Small Business.
You can also get approvals of up to $5000 on your Home Depot commercial account.
A Personal Guarantee for a Home Depot Commercial Account is unnecessary if your paydex has 80, 2,000,000 in sales, 3+ years of business and you have 10 or more employees.
How do I get a Home Depot Commercial account?
You can apply for a Home Depot Commercial Account through the Home Depot website.
Not only will you need the information necessary to run your business but also information regarding billing, structure and legal details.
To make an application for a Home Depot Commercial Account, you must be an authorized officer, controlling party, or majority shareholder of the business.
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 is required in order to submit an application if you fail to meet certain criteria that are necessary for a Home Depot Commercial Account.
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.
How do I pay the Home Depot Commercial Account?
Citi accounts portal lets customers make payments online and manage their Home Depot Commercial account.
You have the option to use the payment methods of paying online or by mail to pay for your Home Depot Commercial Account.
You should keep in mind, however that it can take 5-7 days for postal payments to reach the Home Depot Commercial Processing Facility.
How can I see the purchase history of my commercial account?
Logging in to Citi Online Portal, you will be able to view the purchase history of 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 do I change the authorized buyer on my Commercial Account?
Citi online portal makes it easy to manage the authorized buyers of your Home Depot commercial account.
Choose the option for maintenance requests, and add or remove authorized buyers from your commercial account with Home Depot.
Home Depot Credit Services may be reached by calling 866-8755490. Or, you can fax to Home Depot Credit Services at 1888-2666-7308.
Home Depot will not allow you to add commercial accounts to existing customers if you have not received your paper card yet.
What Are The Benefits of A Home Depot Commercial Account?
Home Depot Commercial Accounts offer members more than just the benefits of itemized bill and authorized 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.
A Commercial account member has a full year for Home Depot returns. They also get a Pro Xtra Membership.
Which credit score is required for a Home Depot Commercial account?
A Home Depot Commercial Account requires a credit score greater than 640. This is the same score required for other credit cards.
You must also register your business to apply for the Home Depot Commercial Account.
What exactly is a Commercial Revolving Credit Card?
Home Depot Commercial Resolute Charge Cards are similar to commercial accounts, however they can be more challenging to obtain.
Home Depot’s Commercial Revolving Card allows you the flexibility to either make full payments each month or pay smaller portions.
Additionally, you can also receive approvals for larger sums of money, from $2000 to $10,000.
For a Home Depot Commercial Revolving Credit Card, you’ll need a personal guarantee
You still get itemized statements as well as easy tracking and account management online.
Home Depot Commercial Account is now available. You can also refer to our other posts Home Depot Home Improver Card or Home Depot Pro Account and Home Depot Project Loan.
Home Depot’s commercial accounts are a good option for companies because they offer many rewards and strategies that can help them manage their businesses.
Home Depot Commercial Accounts offer fuel rewards and extended return policies. They also allow for simple tracking and management.
You have the option to change authorized buyers for Home Depot’s commercial at any given time via Citi’s online portal. Or, contact Home Depot Credit Services.
What is the Home Depot Commercial Account?
As of 2022, Home Depot’s commercial account is only available to companies through Citibank. 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.
How do you get a Home Depot commercial account?
640
What Is Commercial Revolving Chargecard?
With the Revolving Charge card, you have two options. You can choose to either make monthly small payments or to simply pay each month in full. You can pay the full amount with the Commercial Account Card. However, you may choose to pay by invoice to enhance your cash flow.
Home Depot has a net 30 account
You will be required to make full monthly payments for your Home Depot Commercial Account. This account is net 30-vendor. Be able to give your buyer IDs so that employees can charge you on your account.
.Home Depot Commercial Account In 2022 (How It Works, Benefits + More)
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