Home Depot® Business Credit Card Reviews: Is It Worth It? 2022
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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.
Home Depot was the first place we applied for the credit we needed to start our business. I definitely feel lucky that they accepted us because they have been wonderful. However the interest rate we have to pay when we can't pay the amount in full is very low. I recommend to obtain this card to anyone who is starting out or even well established, this cad will be an asset to you.
How to Use a Home Depot Business Account to Boost Your Credit
There is a limit of 20 gallons of fuel per purchase per vehicle, and use is restricted to participating gas stations. Reward rates Every $1 spent on your card counts as $4 for purposes of earning Perks. Whether you’re a small business contractor or a large company that buys supplies at Home Depot, there is only upside when getting a Commercial Account or Revolving Card. If your business experienced a significant decline in gross receipts or was impacted by government shutdowns due to COVID-19, then let us help you solve the IRS’s refund application puzzle.
Here, we’ll tell you the most important things to know about The Home Depot business credit cards. We’ll also give you a few alternative business credit cards to consider, in case you’re looking for more power, flexibility, and rewards than what The Home Depot business credit cards can offer. But the major reason to sign up for either Home Depot business credit card is for your automatic enrollment in the Pro Xtra Program. The Home Depot’s expanded commercial credit program aims to help Pros save time and money.
Rewards Program Information
When I first opened the card I recieved a year with no interest and used it to carpet my entire home and was able to pay it over time with no interest. I like the fact that you will often recieve coupons in the mail to use with you card to make no interest purchases. I also love the ease of making a payment I can just stop by any home depot and make a payment in just a few minutes. The customer service has always been great as well very attentive and always very helpful.
The Home Depot business credit card does not have a 0% APR intro offer. I agree to receive my legal notices electronically as available. If you choose to receive legal notices 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.
Home Depot Consumer Credit Card
Prequalification or preapproval are not guarantees of approval for any credit card or loan. For professional customers in need of a commercial account, Home Depot offers commercial accounts without many of the gimmicky Pro Xtra program perks. With a Home Depot Revolving Charge card, you can either make low monthly payments or pay in full each month. In addition, you can add authorized employees as users to make purchases on your account. This Commercial Credit Card is a little more difficult to qualify for than the Commercial Account above.
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For Tracking Employee Spending: Bento for Business
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. The ability to issue cards to entrusted employees to make purchases on their behalf. By doing that, it can help you build credit score for your business, as long as... Paying your Home Depot Business Credit Card bill online is the easiest option. Simply sign in to your online account and click the “Make a Payment” button.
Depending on the offer, this will give you another 9-15 months of interest-free savings on top of the initial 60 days. The extended 1-year return policy is 4x that of a regular customer. Getting 60 days of internet-free payments will free up your daily cash flow.
Optimize your business cash flow with the ability to itemize invoices. Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions. Submit your question about Home Depot® Business Credit Card to our community.
We are working towards being able to provide all of these legal notices electronically. When we are able to provide all legal notices electronically, we will notify you by email. In the meantime, if you choose to receive legal notices electronically, you will need to monitor both your U.S. postal mailbox and your email inbox for legal notices. There are two disadvantages to consider with the commercial Home Depot credit options. First, unlike some retail credit card options, the credit cards can only be used for Home Depot in-store or online purchases. Second, there are no cashback rewards on purchases that are common in many other credit options.
You’ll load up your Bento’s credit line by transferring your own funds from your business bank account onto your card, so this isn’t a traditional business credit card. Use it on its own, or in tandem with another business credit card. There aren’t variations in features or capabilities between The Home Depot’s two business credit cards. If you are approved for a Home Depot consumer credit card, your purchases will likely be reported by the card issuer, Citibank, to the three major credit bureaus. If you practice responsible financial and credit habits, such as remaining mindful of maintaining a low credit utilization ratio, you can use this card to improve your credit score over time.
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