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Home Depot Commercial Account In 2022 (How It Works, Benefits + More)
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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 |
Area served
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Worldwide |
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] |
Total equity |
US$22.18 billion (2021) [1] |
Owner |
Berkshire Hathaway (18%) |
Number of employees
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63,700 (December 2020) [2] |
Website |
americanexpress.com |
Footnotes / references [3] [4] [5] |
Home Depot, one of the largest home improvement retailers in the U.S., offers its customers a range of promotions, deals, and loyalty programs to help them save up on money.
Citibank now offers the Home Depot Commercial Account to only businesses. 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. The Home Depot Commercial Account must be paid off in full each month.
What is 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 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.
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 Commercial Account Work?
A Commercial Account is part of the Net 30 group and reports to all three business credit bureaus: Dun & Bradstreet, 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 is required for Home Depot Commercial Accounts.
How can I open a Home Depot Business Account?
You can apply for a Home Depot Commercial Account through 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.
You must be an authorized officer or controlling party to apply for a Home Depot Commercial Account.
Additionally, you must also provide the primary shareholder’s or owner’s personal information to apply for a Commercial Account, including your name, address, and date of birth.
A personal guarantee may be needed if certain criteria are not met for the Home Depot Commercial Account.
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 do I pay the Home Depot Commercial Account?
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.
It may take up to seven days for mail payments to reach your processing facility at Home Depot Commercial Account.
How do I check the Purchases on My Commercial Account
Logging into Citi Online Portal will allow you to track all purchases on your Home Depot Commercial Account.
You will see all your purchase details on the monthly bill for your Home Depot commercial account.
There are many options to track purchases through your Commercial Account. These include by buyer name or number as well as the purchase order.
How do I change the authorized buyer on my Commercial Account?
Citi’s online portal allows you to monitor your Home Depot Commercial Account authorized buyers.
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 Advantages Of A Home Depot Commercial account?
Home Depot Commercial Account members also get the added benefits of itemized bills and authorized buyers.
On your application for your Home Depot Commercial Account, you can opt to receive fuel discounts at Shell.
For every $100 of eligible purchases made with your Home Depot Commercial account, earn 0.10 Fuel Rewards savings.
A Commercial account member has a full year for Home Depot returns. They also get a Pro Xtra Membership.
What credit score do I need to open a Home Depot account commercial?
A Home Depot Commercial Account is only available to those with credit scores of at least 640.
It is important to note that you need to also be an owner of a registered company in order for you apply for a Home Depot Business Account.
What exactly is a Commercial Revolving Credit Card?
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.
However, note that you will require a personal guarantee for a Commercial Revolving Charge Card at Home Depot.
You’ll still have the option of itemized statements and easy purchase tracking. Online account management is also available.
Home Depot Commercial Account is now available. You can also refer to our other posts Home Depot Home Improver Card or Home Depot Pro Account and Home Depot Project Loan.
Home Depot provides numerous benefits to businesses and offers strategies for managing their companies.
The Home Depot Commercial Account offers fuel rewards, longer returns policies and easy tracking.
Any time, you can modify your Home Depot Commercial Buyers by accessing the Citi online portal or calling 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. All authorized account users are granted buyer IDs for the purchase of goods. Account owners receive itemized billing statements detailing all purchases. Home Depot Commercial Account must always be paid in full.
What credit score is required for Home Depot’s Commercial Account?
640
What exactly is the Commercial Revolving Credit Card?
You have options with the Revolving Charging Card. Either you make smaller monthly payments or you pay full-monthly. Payments are due in full with the Commercial Account card. You can also pay via invoice to increase your cash flow.
Home Depot has a net 30 account
You will be required to make full monthly payments for your Home Depot Commercial Account. This account is net 30-vendor. You can give buyer IDs to authorized users, which allows employees and contractors to access your account.
.Home Depot Commercial Account In 2022 (How It Works, Benefits + More)