Home Depot Commercial Account In 2022 (How It Works, Benefits + More)
.svg){kind=logo} |
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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 is one the most popular home-improvement retailers in America.
As of 2022, Home Depot’s commercial account is only available to companies through Citibank. The account is only available to authorized users who can purchase products. Owners of the account will receive detailed billing statements detailing their purchases. Each month, the Home Depot Commercial Account should be fully paid.
What Is A Home Depot Commercial Account?
Home Depot Commercial Accounts (offered by Citibank) are part of the exclusive Business Accounts offered exclusively for Businesses.
Home Depot Commercial Account Authorized Users can get buyer IDs to allow them access their account for purchasing goods and services at 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.
The Commercial Account is also free of annual fees, flexible payment options and easier to get approved for at Home Depot.
How Does A Home Depot Commercial Account Work?
A commercial account falls under the Net 30 umbrella and reports directly to each of three business credit bureaus: Experian Small Business (Equifax Small Business), Dun & Bradstreet (D&B), and Dun & Bradstreet.
Additionally, you can receive approval of $500 to $2000 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 can I open a Home Depot Business Account?
You can apply for a Home Depot Commercial Account through 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 application must be made by an authorized officer, control party or major shareholder.
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 guarantee may be needed if certain criteria are not met for the Home Depot Commercial Account.
Other than that, you can also choose to enroll in fuel rewards when you apply for your Home Depot Commercial Account, and select your payment terms of 30 or 60 days.
What is the best way to make Home Depot commercial account payments?
Customers can make payments and manage their Home Depot Commercial Account online through the Citi account portal.
Home Depot Commercial Account Payments are available online or in person.
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?
You can log in to Citi’s online portal and track purchases from your Home Depot Commercial Account.
Each purchase you make will be listed on your Home Depot Commercial Account’s monthly invoice.
The Commercial Account can help you track the purchases of your customers in several ways. For example, by the buyer’s or job number.
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.
Select the Maintenance Requests option to add or remove buyers to 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.
To add authorized buyers, you will need to wait until you receive your new Home Depot commercial card.
What are the benefits of having a Home Depot commercial account?
Home Depot Commercial Account members also get the added benefits of itemized bills and authorized buyers.
You can choose to get fuel discounts from Shell when you apply for your Home Depot Commercial Account.
You can earn $0.10 fuel rewards savings by opening a Home Depot Commercial Account. For each $100 purchase, your account will provide you with Fuel Rewards savings.
A member of a Commercial Account also receives a Pro Xtra membership and a year-long return period to Home Depot.
How do I get a Home Depot commercial account?
A Home Depot Commercial Account is only available to those with credit scores of at least 640.
You must also register your business to apply for the Home Depot Commercial Account.
What Is A Commercial Revolving Charge Card?
Home Depot Commercial Resolute Charge Cards are similar to commercial accounts, however they can be more challenging to obtain.
With the Commercial Revolving Charge Card at Home Depot, you have the option to pay in full each month or make lower partial payments.
Also, approvals can be granted for large amounts of money, ranging from $2000 to $10,000.
Note that you will need a personal guarantee to get a Home Depot commercial revolving charge card.
You’ll still have the option of itemized statements and easy purchase tracking. Online account management is also 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.
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?
As of 2022, Home Depot’s commercial account is only available to companies through Citibank. The account is only available to authorized users who can purchase products. Owners of the account will receive detailed billing statements detailing their purchases. Each month, the Home Depot Commercial Account should be fully paid.
How do you get a Home Depot commercial account?
640
What are Commercial Revolving Chargecards?
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. For the Commercial Account card the monthly payments must be made in full. To improve cash flow, however, you can pay your invoices by cheque.
Home Depot is a Net 30-Account
With a Home Depot Commercial Account, which is a net 30 vendor account, you will need to pay your balance in full each month. Authorized users can be given buyer IDs, enabling employees to charge on your account.
.Home Depot Commercial Account In 2022 (How It Works, Benefits + More)
