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The Home Depot Commercial Card credit card reviews

The Home Depot Commercial Card credit card details and credit card application link.

The Home Depot Commercial Cards are intended for small to medium-sized business entities, which operate in the construction and housing renovation industries. There are two main types of commercial accounts, offered by Home Depot - the Home Depot Commercial Revolving Charge Account and the Home Depot Commercial Account - which share many similarities with each other. Here are their most important common features:

Easy Application Process

To apply for a commercial card, all you have to do is visit the company’s website and fill out the relevant application form. Alternatively, you can go to any Home Depot store and complete the application in the old-fashioned ink-and-paper way. If you get approved, you will receive your card within 7 to 10 days.

Easy-to-Use Online Services

Every commercial card holder is entitled to an online account which allows him or her to check the current balance, available credit, and minimum payment due. Card holders can also settle payments online or use the 24-hour customer support service.

Convenient Itemized Billing

Home Depot issues easy-to-read billing statements, which facilitate the management of business expenses.

No Annual Fees

Home Depot collects no annual service fees for its commercial credit lines. There are, however, transaction charges as well as a late payment fee of 25.00 dollars (this sum may vary according to customer and card account particulars).

Moderate Interest Rates

The Annual Percentage Rate (APR) for the commercial cards is 21.99 percent, and the default APR – 26.99 percent.

Free Employee Cards

Every company, holding a commercial account at Home Depot, is entitled to a limited number of free employee cards for purchasing purposes.

Convenient Payment Methods

Payments due can be made either online, by mail to a specified address (available from the Home Depot website) or at the cash desk of the nearest company store.

There are two main differences between the Revolving Charge Account and the Commercial Account. With the former, you can either pay the balance in full each month or make monthly payments; with the latter, on the other hand, you are obliged to settle your debt in full at the end of the month. The other difference is that the Commercial Account makes it possible not only to track down a particular purchase, but also to check the employee who made it, thanks to the unique ID number that comes with every Commercial Account employee card.

As an alternative option of a commercial credit card, you can check the CIBC Aerogold VISA Card for Business®. This financial product comes with an annual fee of $180 and a low interest rate of just 10.5 percent. However, depending on your personal credit bureau details, the interest rate might get as high as 13.9 or 16.9 percent. The minimum credit limit is $5000, and clients can get up to 9 cards, $50 each. The annual revenue of likely applicants is between $35,000 and $5 million. They travel for pleasure or business, have fewer than eighteen employees, and run a small business for 18 or more months. Card holders earn 1.5 bonus miles for every dollar they spend in purchases. Aerogold Business Checks can be ordered at no added cost. In addition, card holders get Baggage Insurance, Flight Delay Insurance, Rental Collision/ Loss Damage Insurance, and Common Carrier Accident Insurance.

Credit Card Details
NameThe Home Depot Commercial Card Apply Now
Interest Rate21.99%
Annual Fee$0
Cash BackNo
Low InterestNo
Auto and GasNo
Instant ApprovalNo
Balance TransferNo
US DollarNo
No Annual FeeYes