Home Depot Commercial Account Options and Requirements

To open a Home Depot Commercial Account, you'll need to meet certain requirements, such as providing a valid business license and tax ID number.

Home Depot Commercial Accounts are available to businesses with a physical location, including contractors, builders, and property managers.

A Home Depot business account is a type of credit account offered exclusively to businesses under their Pro Services & Contractor Supply line of benefits.

There are two types of accounts to choose from: a Commercial Account card with net terms and a Commercial Revolving Account.

Both types of accounts charge no annual fees and include flexible payment options. Itemized billing statements and online account management are also available.

With a Home Depot business account, you can enjoy one-year returns, fuel discounts at Shell, and up to 60-day terms on revolving accounts.

These tradelines report payment history to all three leading business credit bureaus: Dun & Bradstreet, Equifax Small Business, and Experian Small Business.

Additional reading: Business Account vs Personal Account Bank

The Home Depot offers two commercial account options for Pro Customers and their businesses. The Pro Xtra Credit Card is a new iteration of its Commercial Revolving Charge, while the Commercial Account Card has been updated.

The Pro Xtra Credit Card can be linked with the Pro Xtra loyalty program to earn registered users Pro Xtra Perks four times faster on card purchases.

Both credit options provide features such as the ability to issue cards to entrusted employees, an extended return period of up to a year, and easy-to-read itemized billing statements.

Here are some key features of each credit option:

Commercial Account Card members also receive flexible billing preferences, including a 2% early pay discount if paid online within 20 days.

To qualify for a Home Depot Commercial Account, you'll need to provide some basic business information. This includes your business name, address, phone number, and Employer Identification Number (EIN).

Home Depot requires a personal guarantee for their commercial accounts, so you'll typically need a fair to good business or personal credit score. This is usually around 620 or higher.

You'll also need to provide details for the owner or primary guarantor, including their Social Security Number (SSN) for verification.

To make it easier to remember the required documents, here's a quick rundown:

If you shop at Home Depot for tools, supplies, construction products, or services, applying for a Commercial Account or Commercial Revolving Charge Card is a smart move.

You can use these cards to buy what you need while managing your business cash flow, with options like Net 30 terms or a revolving credit line with low monthly payments.

Home Depot's credit cards for business owners also offer free employee cards and itemized billing, making it easy to track employee purchases.

Optional enrollment in Home Depot's Loyalty Program or Fuel Rewards Program via Shell adds extra perks to the mix.

Divvy credit limits are determined by spending ability, not credit scores, so small business owners can apply even if they don't have a great credit score.

No personal guarantee is required, which is a big plus for business owners who want to keep their personal finances separate from their business finances.

By applying for a Home Depot Commercial Account or Commercial Revolving Charge Card, you can earn rewards like up to 7x points on hotels and 5x points on restaurant purchases.

The Home Depot Commercial Account Card offers a 2% Early Pay Discount when you pay your invoice online within 20 days, or take up to 60 days to pay (net 60 terms). This is a significant perk for businesses with good cash flow.

Authorized users can be given buyer IDs, enabling employees to charge on your account. This feature is great for businesses with multiple employees who need to make purchases.

The Home Depot Commercial Account Card is easier to qualify for than a traditional credit card. This is because it's a charge card, which means you must pay the balance in full within the agreed-upon timeframe.

Here are some key features of the Home Depot Commercial Account Card:

If you shop at Home Depot frequently, applying for a Commercial Account or Commercial Revolving Charge Card is a good idea. You can use it to buy what you need while managing your business cash flow.

The Home Depot has introduced new and enhanced credit options for Pro Customers, making it easier for businesses to save time and money. The Pro Xtra Credit Card can be linked with the Pro Xtra loyalty program to earn rewards four times faster on card purchases.

To help ease the shopping and billing process, the Pro Xtra Credit Card and Commercial Account Card provide features such as the ability to issue cards to entrusted employees and an extended return period of up to a year.

Worth a look: Home Depot Charge Card Discount

With the Pro Xtra Credit Card, you can make low monthly payments or pay in full each month, and add authorized employees as users to make purchases on your account. This card is a little more difficult to qualify for than the Commercial Account, but gives you access to revolving payment terms.

The Commercial Account Card offers net 30 or net 60 terms, while the Commercial Revolving Account allows for monthly payments or pay-in-full options. Choose the one that best suits your cash flow and credit goals.

Here are the key differences between the Home Depot Commercial Revolving Charge Card and the Commercial Account Card:

These credit options can be a great way for businesses to manage cash flow and track purchases made by employees.

With a Home Depot commercial account, you'll enjoy a range of benefits and perks that can help streamline your business operations.

You'll get to pay by invoice with no interest for up to 30-60 days on every purchase, giving you flexibility in managing your cash flow.

The extended return period of up to a full year is a huge advantage, allowing you to test products and make returns without any hassle.

All returns are instantly credited to your account, making it easy to keep track of your finances.

You can issue cards to entrusted employees to make purchases on their behalf, giving you more control over your business expenses.

Each authorized user can be set up with individual spending limits, helping you maintain a healthy balance between employee autonomy and financial responsibility.

Here are some of the key benefits and perks of a Home Depot commercial account:

These benefits and perks can help you save time and money, and make managing your business finances a whole lot easier.

When choosing between Home Depot's commercial credit cards, it's essential to consider your payment options. With the Commercial Revolving Charge Card, you can make small monthly payments or pay in full each month, giving you flexibility in managing your cash flow.

The Commercial Account Card, on the other hand, requires payments to be made in full. However, you can still pay by invoice to improve your cash flow. This option is particularly useful for businesses with a large number of transactions.

If you need to track employee purchases, the Commercial Revolving Charge Card allows each employee to have their own card, making it easier to monitor transactions. In contrast, the Commercial Account Card lets you set limits on employee spending, giving you more control over your business expenses.

If you're not sold on the Home Depot Commercial Credit Card, there are other options to consider. One alternative is the American Express Blue Business Cash Card, which offers 2% cashback with no annual fee.

This card is a top pick for small to medium-sized businesses, and its cashback program is hard to beat.

You might also want to look into the Capital One Spark Business Cards, which offer a range of options depending on your business's credit rating and needs.

For example, the Capital One Spark card with 1.5% cashback comes with an annual fee of $95, while the 1% cashback card has no annual fee.

If you have lower credit, you might be eligible for the Capital One Spark card with 1% cashback and no annual fee.

Here are some key features of these alternatives to consider:

Home Depot generally performs a hard credit pull when you apply for a business credit card.

Applying for a business credit card can have a significant impact on your credit score, so it's essential to be aware of the potential effects.

For example, Home Depot's business credit card application process involves a hard pull, which can temporarily lower your credit score.

Some business credit cards may offer more favorable terms, but it's crucial to weigh the benefits against the potential credit score impact.

A hard credit pull can remain on your credit report for up to two years, affecting your credit score during that time.

In contrast, a soft credit pull does not affect your credit score, but it's not typically used for credit card applications.