Home Depot Commercial Account In 2022 (How It Works, Benefits + More)
.svg){kind=logo} |
|
Headquarters at the
American Express Tower |
|
| Type |
Public |
|---|---|
|
NYSE : AXP DJIA component S&P 100 component S&P 500 component |
|
| 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 |
|
Area served
|
Worldwide |
|
Key people
|
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] |
|
|
US$8.06 billion (2021) [1] |
|
|
Total assets |
US$188.55 billion (2021) [1] |
|
Total equity |
US$22.18 billion (2021) [1] |
| Owner |
Berkshire Hathaway (18%) |
|
Number of employees
|
63,700 (December 2020) [2] |
| Website |
americanexpress.com |
|
Footnotes / references [3] [4] [5] |
|
Home Depot is one of America’s largest retailers of home improvements. They offer a variety of discounts, loyalty programs, and other offers to save money.
Citibank now offers the Home Depot Commercial Account to only businesses. The account is only available to authorized users who can purchase products. Owners of the account will receive detailed billing statements detailing their purchases. Home Depot Commercial Accounts should be paid in full each month.
What’s 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.
Home Depot Commercial Account holders can obtain buyer IDs. This will give them the ability to access their account and buy products or goods from Home Depot.
Through your commercial account with Home Depot, you can optimize your business cash flow, and receive itemized invoices and billing statements of your purchases.
You can also apply at Home Depot for the Commercial Account, which has flexible payment options as well as no annual fees.
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.
What is the best way to get a Home Depot commercial account?
Apply for a Home Depot Commercial Account via the Home Depot Website.
Be aware that all information related to your business is required, such as billing information, the legal name and structure of your company, as well information on how you intend to use it.
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.
If you don’t meet the criteria for a Home Depot Commercial Account, it may be necessary to have a personal guarantee.
You can choose fuel rewards as an option when you apply to your Home Depot Commercial Account. Choose your payment terms between 30 and 60 days.
How Can I Make Home Depot Commercial Account Payments?
Citi accounts portal lets customers make payments online and manage their Home Depot Commercial account.
Home Depot Commercial Account payment can be made online or by postal mail.
Mailing payments can sometimes take from 5 to 7 working days before they reach the Home Depot processing facility.
How can I see the purchase history of my commercial account?
Logging into Citi Online Portal will allow you to track all purchases on your Home Depot Commercial Account.
Each purchase you make will be listed on your Home Depot Commercial Account’s monthly invoice.
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 Authorized Buyers On My Commercial Account?
Citi online portal makes it easy to manage the authorized buyers of your Home Depot commercial account.
To add or delete authorized buyers, select the Maintenance Requests option.
You can also call Home Depot Credit Services on 866-875 5490 or fax your request for authorized buyers to 1-888-2666-7308.
Home Depot must send you a physical card if you’re a brand new account holder. Only then can you add authorized buyers.
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.
On your application for your Home Depot Commercial Account, you can opt to receive fuel discounts at Shell.
With your Home Depot Commercial Credit Account you can get $0.10 in Fuel Reward savings for each $100 eligible purchase.
A Commercial account member has a full year for Home Depot returns. They also get a Pro Xtra Membership.
How do I get 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.
For a Home Depot account to be opened, the business must have a registered owner.
What Is A Commercial Revolving Charge Card?
Home Depot Commercial Revolving Char Card can be applied for in the same way as a commercial account. However, it’s more complicated to get.
Home Depot’s Commercial Revolving Card allows you the flexibility to either make full payments each month or pay smaller portions.
You can get approvals for bigger amounts of money from $2000 up to $10,000.
However, note that you will require a personal guarantee for a Commercial Revolving Charge Card at Home Depot.
Still, you will have access to itemized statements, online purchase management and tracking of purchases. You also get the benefit of year-long returns and fuel savings.
Now that you know about Home Depot Commercial Account, you can also read our related posts on Home Depot Home Improver Card, Home Depot Pro Account, and the Home Depot Project Loan.
Home Depot provides numerous benefits to businesses and offers strategies for managing their companies.
Home Depot Commercial Accounts offer fuel rewards and extended return policies. They also allow for simple tracking and management.
You may change the authorized buyers of your Home Depot advertisement at any time by visiting Citi online portal.
What’s a Home Depot commercial account?
Citibank is the exclusive provider of Home Depot’s Commercial Account. It will be available exclusively to business customers starting in 2022. Users who are authorized to use the account receive buyer IDs that allow them to buy goods. In addition, owners of the account can get itemized billing statements for their purchases. Home Depot Commercial accounts must be paid in its entirety each month.
What Credit Score Is Needed For A Home Depot Commercial Account?
640
What’s a commercial revolving chargecard?
You have the option to pay monthly in small amounts or all at once with your Revolving Credit Card. The Commercial Account card requires full payment. You can also pay via invoice to increase your cash flow.
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)