Home Depot business account (how it works, setup, benefits, discounts, etc.)
Home Depot, one of the largest home improvement retailers in the United States, offers its customers a range of promotions, deals and loyalty programs to help them save money.
As a regular Home Depot customer, you’ve probably wondered about a Home Depot business account and how it works. Read on for my findings!
Home Depot Business Account
The Home Depot business account is offered exclusively to businesses through Citibank. Authorized users of the account will be given a buyer ID for the purchased item, and the owner can receive an itemized bill for their purchase. Home Depot business accounts must be paid off in full each month.
If you want to learn more about opening a business account with The Home Depot, the benefits and discounts it offers, and more, keep reading!
What is a Home Depot Business Account?
The Home Depot Business Account (offered through Citibank) is a Net 30 vendor account that is part of Home Depot’s line of business accounts exclusively for businesses.
Authorized users of the Home Depot Commercial Account can obtain a buyer ID, which will allow them to use their account to purchase goods and products at Home Depot.
Through your business account with Home Depot, you can optimize your business cash flow and receive itemized invoices and bills for your purchases.
Plus, a business account with no annual fee and flexible payment options makes it easier to qualify at Home Depot.
How does a Home Depot business account work?
Business accounts are part of the Net 30 group and report to all three business credit bureaus: Dun & Bradstreet, Equifax Small Business, and Experian Small Business.
Additionally, your Home Depot business account can be approved for $500 to $2000.
If you have 80 paydex, 2 million in sales, more than 3 years in business, and more than 10 employees, you don’t need a personal guarantee for a Home Depot business account.
How do I get a Home Depot business account?
You can apply for a Home Depot business account through the Home Depot website.
Note that you will need information related to your business, including legal name, billing information, business structure and business details.
To apply for a Home Depot business account, you must be an authorized officer, controlling party or substantial shareholder of the company.
In addition, you must provide the personal information of the major shareholder or owner to apply for a business account, including your name, address and date of birth.
If you don’t meet certain criteria required for a Home Depot business account, you may need a personal sponsor application.
In addition to this, you can also opt-in to fuel rewards when you apply for a Home Depot business account and choose a 30-day or 60-day payment term.
How do I make a Home Depot business account payment?
Customers can pay and manage their Home Depot business accounts online through the Citi Account Portal.
You can pay your Home Depot business account using Pay Online or Pay by Mail.
Please keep in mind that mailed payments may take 5 to 7 days to reach your Home Depot business account’s processing facility.
How do I check my business account purchases?
If you log into the Citi Online Portal, you can track purchases made on your Home Depot business account.
All of your purchases will be itemized on your Home Depot business account’s monthly bill.
You can track your business account purchases in a number of ways, such as by job title or number, buyer name, or purchase order.
How do I change the authorized buyers for my business account?
You can manage your authorized buyers on your Home Depot business account using the Citi Online Portal.
Select the Maintenance Request option and add or remove authorized buyers from your Home Depot business account.
Alternatively, you may call Home Depot Credit Services at 866-875-5490 or fax your request for an authorized buyer to Home Depot Credit Services at 1-888-266-7308.
If you are a new business account holder with The Home Depot, you must wait to receive your physical card in the mail before you can add authorized buyers to your account.
What are the benefits of a Home Depot business account?
In addition to itemized billing and business benefits for authorized buyers, Home Depot business accounts offer additional incentives for members.
When you apply for a Home Depot business account, you have the option to receive fuel discounts at Shell.
With your Home Depot business account, you’ll earn $0.10 in Fuel Rewards savings for every $100 in eligible purchases you make with your account.
On top of that, business account members have one full year to return items to Home Depot and earn Pro Xtra membership.
What credit score do I need for a Home Depot business account?
To be successful with a Home Depot Commercial Account, you need a credit score above 640, which is similar to what other store credit cards require.
You must also be a registered business owner to apply for a Home Depot business account.
What is a business revolving charge card?
The Home Depot Commercial Revolving Charge Card is similar to a business account, but is said to be more difficult to apply for.
With the Commercial Revolving Charge Card from The Home Depot, you can make either a full monthly payment or a lower partial payment.
Additionally, you can get approved for larger amounts ranging from $2,000 to $10,000.
Note, however, that you will need to personally vouch for the Commercial Revolving Charge Card from The Home Depot.
You’ll still receive the itemized statement option, easy purchase tracking, online account management and the benefits of a year’s worth of returns and fuel savings.
Now that you know about Home Depot business accounts, you can also read our related articles on Home Depot Home Improver Card, Home Depot Pro Account and Home Depot Project Loan.
in conclusion
The Home Depot’s business account is an excellent option for businesses because it offers a number of incentives and strategies to help homeowners manage their business.
In addition to offering fuel incentives and a longer return policy, a Home Depot business account makes it easy to track and manage your purchases.
You can have authorized buyers on your Home Depot business account, which you can track on itemized bills through the online application.yes
You can change the authorized buyers of your Home Depot ad at any time using the Citi online portal or by contacting Home Depot Credit Services.
