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.
Home Depot’s Commercial Account is offered exclusively to businesses through Citibank as of 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. Home Depot Commercial Accounts must be paid in full every month.
What is a Home Depot Commercial Account?
Home Depot’s exclusive offering for business customers is the Home Depot Commercial Account, offered through Citibank. It is a 30 net vendor account.
Home Depot Commercial Account users can receive buyer IDs, which allow them to purchase goods or products from the store.
Home Depot offers a commercial account that can help you optimize your cash flow and allow for itemized invoices as well as billing statements.
Additionally, the Commercial Account has no annual fees and flexible payment options and is easier to qualify for at Home Depot.
How does a Home Depot account for commercial purposes work?
A commercial account belongs to the Net 30 Group and is reported to all three business credit bureaus (Equifax Small Business, Dun & Bradstreet and Experian Small Business).
You can also get approvals of up to $5000 on your Home Depot commercial account.
If you have 80 paydex, 2 million in sales, more than 3 years in business, and more than 10 employees, you will not need a personal guarantee for a Home Depot Commercial Account.
How do I pay the Home Depot Commercial Account?
Citi Account Portal allows customers online access to manage and make payments.
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?
If you log into the Citi online portal, you can track the purchases made on your Home Depot Commercial Account.
You will see all your purchase details on the monthly bill for your Home Depot commercial account.
Tracking purchases can be done on the Commercial Account by a variety of methods, including the job number or number, buyer’s name and the purchase order.
How do I change the authorized buyer on my Commercial Account?
You can manage your authorized buyers on your Home Depot Commercial Account by using the Citi online portal.
You can choose the maintenance request option and add/remove authorized buyers from your Home Depot Commercial Account.
Home Depot Credit Services is available at 866-875-5490. You may also fax requests for authorized buyers or to Home Depot Credit Services, 1-888-2666-7308.
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
As well as the business benefits of itemized billing and authorized buyers, a Home Depot Commercial Account also has additional bonuses for members.
You can choose to get fuel discounts from Shell when you apply for your Home Depot Commercial Account.
Your Home Depot Commercial Account will earn you $0.10 in Fuel Rewards savings on every $100 you spend.
Members of a commercial account have a complete year for Home Depot returns, and a Pro Xtra member.
What credit score do I need to open a Home Depot account commercial?
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 are Commercial Revolving Charge Cards?
Home Depot Commercial revolving charge cards are very similar to commercial accounts but can be harder to apply for.
Home Depot offers two payment options for the Commercial Revolving Charging Card: you can pay the full amount each month, or smaller partial payments.
You can get approvals for bigger amounts of money from $2000 up to $10,000.
A personal guarantee is required for Commercial Revolving Char Card purchases at Home Depot.
The benefits of an itemized statement, purchase tracking and online account management will continue to be available.
Home Depot Commercial Account: Now you are familiar with these topics, we recommend you also check our post on Home Depot Home Improver Card (Home Depot Pro Account), and Home Depot Project Loan (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 Account is a great way to manage and track your purchases.
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’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 Account must always be paid in full.
What Credit Score Do You Need To Open A Home Depot Commercial account?
What Is Commercial Revolving Chargecard?
The Revolving Charge Card allows you to make a choice; you can make small monthly payments, or you can opt to just pay in full each month. Payments are due in full with the Commercial Account card. You can also pay via invoice to increase your cash flow.
Home Depot: Is it a Net30 account?
Home Depot Commercial accounts are a net 30, vendor account. You must pay the entire balance each month. To allow employees to charge your account, authorized users will be issued buyer IDs.
.Home Depot Commercial Account In 2022 (How It Works, Benefits + More)