Table of Content
That said, in exchange for no APR or spending limit, you’re expected to pay off your balance on this Home Depot store card in full every billing cycle. There are many reasons businesses choose to use retail and in-store credit cards, including keeping spending of personal funds to a minimum. One advantage, especially for small businesses and startups, is building a business credit history. Establishing and maintaining a business credit history gives businesses more financing options.
Unlike other store cards, you won’t get a flat percentage discount off purchases with your Home Depot business credit card, and it offers no introductory perks or financing solutions. If you’d like the option of giving more than just four employees spending abilities, consider signing up for the Bento for Business. This prepaid business card has even greater employee tracking and managing features than The Home Depot’s business credit cards do. I have had the home depot credit card for several years now and have always had nothing but the best service with this card. I have used this card to make purchases from everything as small as light bulbs to buying siding for my house. They often offer promotions and great discounts for using your home depot card.
Home Depot Business Credit Card & Commercial Account Review
At 12 months, it has one of the longest 0% intro APR periods for purchases on the market—an incredible introductory perk that allows you to use this card as an interest-free loan during the intro period. While they are more like store charge cards than true business credit cards, you can still use them to buy what you need while managing your business cash flow. On the flip side, The Home Depot’s Commercial Account card is actually more like a charge card than a credit card. There’s no set APR or minimum monthly payment on this card, which is one of the bigger Home Depot card benefits that the store offers.
Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners. We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. Before submitting an application, always verify all terms and conditions with the offering institution.
Other Home Depot Cards
The helpfulness of a financial advisor's answer is not indicative of future advisor performance. At 18 he ran away and saw the world with a backpack and a credit card, discovering that the true value of any point or mile is the experience it facilitates. He remains most at home on a tractor, but has learned that opportunity is where he finds it and discomfort is more interesting than complacency.
As a condition to using and receiving Account Alerts, you consent to receiving, from us, automatically dialed text messages on your mobile phone at the mobile phone number you provide. If you have any questions regarding privacy, please read our privacy policy. The alerting service allows you to request and receive messages about your credit card account. We will send notifications regarding the availability of your statement online to the email address you provided to us until you contact us to change it. If you choose to receive statements electronically and then want a paper notice, call us at the number on the back of your card and we will mail it to you. If any electronic payment is returned unpaid by your financial institution for any reason, we may charge, and you agree to pay, a returned payment fee.
Enrollment or Changing Bank Account
If you do so, please note that you could continue to receive some marketing information until your request is processed. • Opportunities to provide feedback or complete online surveys, so you can tell us what you think. We can electronically provide you the To get these electronically your device must be capable of printing or storing web pages and/or PDFs and your browser must have 128-bit security. If you want to request a paper copy of these disclosures you can call The Home Depot® Consumer Credit Card at and we will mail them to you at no charge.
It may take up to 3 business days for your full online experience to be ready. A small business looking to make some building improvements or a small construction company may enjoy the numerous benefits of commercial Home Depot credit. On the other hand, a small tech startup navigating the ever-growing e-commerce economy may not have the need. APRN/A. All charges are due and payable by the payment due date shown on your billing statement.
If you choose to participate, you can earn $0.10 in gas savings, per gallon, on every $100 of qualifying purchases at The Home Depot. You’re limited to 20 gallons of fuel per purchase per vehicle. Whether a professional or a homeowner working on a personal project, the Project Loan card offers a six-month period to purchase Home Depot materials with loan values up to $55,000. For those who need some flexibility in paying off purchases, the project loan option offers fixed low monthly payment options and requires no annual fees. We send cardholders various types of legal notices, including notices of increases or decreases in credit lines, privacy notices, account updates and statements. Currently, we can provide some of these legal notices, including statements, electronically.
In addition, it is not any company’s responsibility to ensure all questions are answered. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company. An extended return period of up to a full year, four times longer than a non-commercial credit purchase. The company I've worked for for around 7 years has been using the Home Depot Business Store Card almost exclusively.
This means these cards cannot be used with other vendors and are “store” or “closed-loop” cards. My husband and I own a small construction outfit so having an excellent material supplier is a basic lifeline of ours. Having access to available credit for materials was especially important when we fist started out but is still an important staple needed for our continuing success.
The no annual fee Home Depot commercial account card is available with Net 30 terms or as a revolving credit line with low monthly payments. When using their online account management and itemized billing statements, Home Depot’s credit cards for business owners also allow for easy tracking of employee purchases. Another major draw for the Home Depot business credit cards is that neither card carries an annual fee. They also offer a generous 60-day billing cycle, so you’ll have extra time to pay off your balance without worrying about incurring a harsh APR on your balance. The Home Depot provides a number of store credit cards, commercial accounts and project loans to help you finance purchases from its stores.
No comments:
Post a Comment