Home Depot Commercial Account In 2022 (How It Works, Benefits + More)
.svg){kind=logo} |
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Headquarters at the
American Express Tower |
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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 |
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Area served
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Worldwide |
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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] |
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Total equity |
US$22.18 billion (2021) [1] |
| Owner |
Berkshire Hathaway (18%) |
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Number of employees
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63,700 (December 2020) [2] |
| Website |
americanexpress.com |
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Footnotes / references [3] [4] [5] |
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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 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 detailed billing statements of all purchases. Home Depot Commercial Accounts should be paid 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.
Authorized users of the Home Depot Commercial Account can be given buyer IDs which will allow them to use their account to buy goods and products at Home Depot.
Home Depot will help you maximize your business’ cash flow by opening a commercial bank account. This account allows you to receive detailed invoices and billing statements for all your purchases.
A Commercial Account does not have an annual fee and offers flexible payment options. It is easy to apply for at Home Depot.
How Does A Home Depot Commercial Account Work?
A commercial account falls under the Net 30 umbrella and reports directly to each of three business credit bureaus: Experian Small Business (Equifax Small Business), Dun & Bradstreet (D&B), and Dun & Bradstreet.
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.
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How can I open a Home Depot Business Account?
The Home Depot website allows you to apply for a Home Depot Commercial Account.
It is important to note that your business will need pertinent information such as the legal name, billing information and business structure.
A Home Depot Commercial Account application must be made by an authorized officer, control party or major shareholder.
In order to request a Commercial Account you need to also give the information for primary shareholders or owners.
A personal guarantor is required in order to submit an application if you fail to meet certain criteria that are necessary for a Home Depot Commercial Account.
You also have the option to sign up for fuel rewards when applying for your Home Depot Commercial Account.
How do I pay the Home Depot Commercial Account?
Citi’s account portal allows customers to make online payments or manage their Home Depot Commercial Account.
Home Depot Commercial Accounts can be paid online, by post or via the postal payment method.
Keep in mind that it may take 5 to 7 days for mailed payments to reach the processing facility for your Home Depot Commercial Account.
How Can I View The Purchases On My Commercial Account?
If you log into the Citi online portal, you can track the purchases made on your Home Depot Commercial Account.
All of your purchases will be itemized on your monthly billing statement for your Home Depot Commercial Account.
You can track purchases on your Commercial Account in a number of ways, such as by job name or number, the buyer’s name, or the purchase order.
What is the best way to change authorized buyers on my commercial account?
Citi Online portal lets you manage all authorized buyers in your Home Depot Commercial Account.
Click on the Maintenance request button to allow you to remove or add authorized buyers to your Home Depot account.
Home Depot Credit Services is available at 866-875-5490. You may also fax requests for authorized buyers or to Home Depot Credit Services, 1-888-2666-7308.
You must first wait for your card to arrive before adding authorized buyers to your commercial account at Home Depot.
What are the Benefits of a Home Depot Commercial Account
Home Depot Commercial Accounts offer members more than just the benefits of itemized bill and authorized buyers.
Shell offers fuel discounts when you sign up for a Home Depot Commercial Account.
With your Home Depot Commercial Credit Account you can get $0.10 in Fuel Reward savings for each $100 eligible purchase.
Other than that, members of a commercial account also have a full year to make returns to Home Depot and receive a Pro Xtra membership.
How do I get a Home Depot commercial account?
A Home Depot Commercial Account is only available to those with credit scores of at least 640.
For a Home Depot account to be opened, the business must have a registered owner.
What’s a commercial revolving charge card?
A Home Depot Commercial Revolving Charge Card is similar to a commercial account but is stated as harder to apply for.
You have two options when you purchase the Commercial Revolving Charge Card at Home Depot: either pay full or in smaller amounts.
Additionally, you can also receive approvals for larger sums of money, from $2000 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 – Now, read the related posts Home Depot Home Improver Card Home Depot Pro Account Home Depot Project Loan and Home Depot Home Depot Pro Account.
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.
ou can alter your authorized buyers for your Home Depot commercial at any time using the Citi online portal, or by contacting Home Depot Credit Services.
What does a Home Depot Commercial account look like?
Citibank is the exclusive provider of Home Depot’s Commercial Account. It will be available exclusively to business customers starting in 2022. Account holders are issued buyer IDs so they can buy products. The owners also have the option to receive detailed billing statements. The Home Depot Commercial Account must be paid off in full each month.
How do you get a Home Depot commercial account?
640
What’s a commercial revolving chargecard?
You have options with the Revolving Charging Card. Either you make smaller monthly payments or you pay full-monthly. For the Commercial Account card the monthly payments must be made in full. To improve cash flow, however, you can pay your invoices by cheque.
Is Home Depot 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. Authorized users can be given buyer IDs, enabling employees to charge on your account.
.Home Depot Commercial Account In 2022 (How It Works, Benefits + More)
