The Home Depot Commercial Revolving Charge Card review | finder.com

The Home Depot® Commercial Revolving Charge Card review – November 2018

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This Home Depot business credit card offers benefits that are most useful to high-volume spenders.

30-second take

  • Get this card if your business spends heavily at Home Depot.
  • Pick something else if your business spending is distributed throughout different categories.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameThe Home Depot® Commercial Revolving Charge Card
Annual Fee$0
APR (Annual Percentage Rate) for PurchasesNone (Charge Card)
Interest Free PeriodUp to 20 days
Late Payment FeeUp to $38
Minimum Age18 years of age

The basics

The The Home Depot® Commercial Revolving Charge Card is most effective if you’re a high-volume spender at Home Depot. If you are, perks like itemized purchase statements, 60-day payment terms and a one-year return window might be helpful.

The account comes with a non-traditional reward structure. Your spending doesn’t give you cash back or Home Depot-specific rewards. Instead, you’ll receive discounts on fuel. If you can take advantage of this benefit, however, you’ll receive a strong rewards rate.

You can use this account only at Home Depot. If you want a card you can use more places, you’ll find plenty of other business products with impressive rewards and features.

The perks

  • No annual fee.

    You can start enjoying the benefits of this charge card without paying an upfront fee.

  • Fuel discounts at up to a 2% rewards rate.

    To earn discounts on fuel, register at the Home Depot Card Benefits site. You’ll receive a Fuel Rewards card you can use at participating Shell and other partner stations.

    For every $100 in eligible purchases you make at Home Depot, you can save $0.10 per gallon through the Fuel Rewards program. This discount applies on up to 20 gallons of fuel per purchase, meaning you’ll get up to a 2% rewards rate on your Home Depot spending.

  • 60-day payment terms.

    Cash flow is a common business concern, and this card can help you overcome it. To activate this benefit, register at the Home Depot Card Benefits website.

    After you make a qualifying Home Depot purchase, you’ll have 60 days to pay it off without accruing interest.

  • One-year return window.

    After you register at the Home Depot Card Benefits site, you can return products up to one year after you’ve purchased them. After making your returns, you’ll receive credit on your The Home Depot® Commercial Revolving Charge Card.

  • Flexible payment options.

    You can make monthly payments or pay your entire balance each month. Home Depot’s other commercial product require payment in full each month.

You have two options for 60-day payment terms

  • Continue making your normal minimum monthly payment. Your purchase starts accruing interest after 60 days.
  • Pay your balance in full within 60 days. If you do, you won’t be assessed late fees for missing your minimum monthly payment.

You’ll also like …

  • Issue cards to authorized users.

    You can designate employees who are allowed to make purchases on your card account. This might allow you to make Home Depot purchases more efficiently.

    When you apply, you can request up to four additional cards. Once you’re approved, you can request more.

  • Account management options.

    Receive itemized billing statements that list purchases by SKU. You can also track purchases by job name, job number or PO number.

    You can log in to your Home Depot card account to check your account balance and pay your bill.

  • Complimentary Pro Xtra Membership.

    You’ll be enrolled in Home Depot’s Pro Xtra membership, which offers benefits like paint rewards, volume discounts, purchase tracking and reloadable purchase cards. Pro Xtra membership is free and open to everyone.

What to watch out for

  • Valid only at Home Depot.

    This isn’t a normal credit card you can use everywhere. It’s a charge account that’s valid only for purchases at Home Depot.

  • Relatively high purchase APR.

    The average credit card APR is around 16% variable. Your purchase APR for this card will be 21.99% variable, or 15% variable if your billing address is in Georgia or North Carolina when you open your account.

  • Default APR.

    You may receive a default APR of 26.99% variable on your purchases if you fail to make the minimum payment by the due date and it’s still unpaid by the next due date.

Consider other cards if …

  • You shop elsewhere for your supplies.

    Lowe’s offers a suite of useful credit options, including the Lowe’s Business Account and Lowe’s Accounts Receivable. Both offer 5% off eligible Lowe’s purchases. The Lowe's Business Rewards Card from American Express is another option, offering elevated points in categories like US dining, US office supplies, US wireless telephone service and Lowe’s purchases.

  • You don’t spend much at Home Depot.

    You might get more out of another business credit card that rewards you for your highest-volume categories.

Compare business credit cards

Updated November 19th, 2018
Name Product APR (Annual Percentage Rate) for Purchases Introductory Purchase APR Annual Fee
None (Charge Card)
$450
New cardholders can earn 75,000 Membership Rewards® bonus points by spending $10,000 on purchases for the first 50,000 points and then another $10,000 for the next 25,000 points on their new card in the first 3 months.
None (Charge Card)
$0 annual fee for the first year ($250 thereafter)
This charge card gives you the option to pay in full each month or to carry a balance for up to 60 days with no interest.
16.24%, 20.24% or 24.24% variable
$295
Earn Membership Rewards® points after you spend in qualifying purchases on the card within your first months of card membership.
14.24%, 19.24% or 21.24% variable
0% for the first 9 months (then 14.24%, 19.24% or 21.24% variable)
$0
Save on interest with a 0% intro APR on purchases for 9 months; after that your APR will be 14.24% - 21.24% variable.
15.24% to 21.24% variable
0% for the first 12 months (then 15.24% to 21.24% variable)
$0
$500 bonus cash back after you spend $3,000 in the first 3 months.
17.99% to 22.99% variable
$95
80,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®.
17.99% to 24.99% variable
$0 annual fee for the first year ($99 thereafter)
75,000 Bonus points after you spend $3,000 on purchases in your first 3 months from your account opening with your Marriott Rewards Premier Business credit card.
24.74% variable
$0
Get the credit you want for your business, and unlimited 1% cash back on every purchase, every day.
14.74%, 18.74% or 22.74% variable
0% for the first 9 months (then 14.74%, 18.74% or 22.74% variable)
$0
Unlimited 1.5X miles per dollar on every purchase, every day.
18.74% variable
$0 annual fee for the first year ($95 thereafter)
Unlimited 2 miles per dollar on every purchase, every day.
14.74%, 18.74% or 22.74% variable
0% for the first 9 months (then 14.74%, 18.74% or 22.74% variable)
$0
Unlimited 1.5 cash back on every purchase, every day.
18.74% variable
$0 annual fee for the first year ($95 thereafter)
Unlimited 2% cash back from Spark Cash could mean thousands of dollars each year going back into your business. No minimum to redeem.
17.99% to 24.99% variable
$0 annual fee for the first year ($95 thereafter)
50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
17.99% to 24.99% variable
0% for the first 9 months (then 17.99% to 24.99% variable)
$99
Earn 2x points on Southwest® purchases and 1x point on all other purchases. Plus 6,000 anniversary bonus points.
17.99% to 25.99% variable
$0 annual fee for the first year ($99 thereafter)
For a limited time, earn 70,000 American Airlines AAdvantage® bonus miles after making $4,000 in purchases within the first 4 months of account opening.
13.24% to 23.24% variable
0% for the first 9 billing cycles (then 13.24% to 23.24% variable)
$0
Earn up to 3% cash back on business purchases with the Business Advantage Cash Rewards Mastercard® credit card.

Compare up to 4 providers

Who is the The Home Depot® Commercial Revolving Charge Card good for?

This card is ideal for a business that spends heavily at Home Depot, and plan to pay the balance off in 60 days. Features that might be especially helpful include a one-year return window, 60-day payment terms and itemized billing statements. Businesses in construction, home improvements and installations could benefit from this card.

What should I know before I apply?

To apply for the The Home Depot® Commercial Revolving Charge Card, you must plan to use it for business or commercial reasons, be at least 18 years old, or 21 if you live in Puerto Rico.

Required information
  • The legal name of your business.
  • Your business contact information.
  • Your billing contact name, email address and billing address.
  • Your business’ organization type, legal structure and tax ID number.
  • Your business’ number of employees and year of founding.
  • Your business’ annual revenue, monthly purchase volume and requested credit line.
  • Your personal information such as your contact details, Social Security number and date of birth.

What credit score do I need?

You’ll have better approval odds for the The Home Depot® Commercial Revolving Charge Card with good to excellent credit — 670 or higher.

What do customer say about the The Home Depot® Commercial Revolving Charge Card?

Citi is the managing bank of the The Home Depot® Commercial Revolving Charge Card and is not currently accredited with the Better Business Bureau (BBB). Furthermore, it has an F rating from the agency because it’s failed to respond to over 70 complaints.
In total, Citi has almost 4,000 customer complaints. Many complaint details are unavailable; the BBB hides customer feedback after a business answers or resolves a query.

How to apply for the The Home Depot® Commercial Revolving Charge Card

  1. Go to the Home Depot website and click Apply now under the The Home Depot® Commercial Revolving Charge Card to be taken to the Citi website
  2. Complete the application with details like your contact and business information.
  3. Select account features like enrollment in the Fuel Rewards program and payment terms.
  4. Agree to Citi’s terms and provide an electronic signature at the bottom of the form.
  5. Review your details and click Submit application.

How long will it take to get my The Home Depot® Commercial Revolving Charge Card?

You may receive an instant decision on your application. If Citi needs to review your application, a representative will likely contact you within a few business days. Following approval, allow seven to 10 business days for your card to arrive in the mail.

I got the card. Now what?

  • Set up an online account.

    Your account will be administered by Citi. On the bank’s website, you can register for an account. You can pay your account balance, check itemized statements and set up automatic payments.

  • Register for card benefits.

    Visit the Home Depot Card Benefits website to set up features like your fuel discounts, 60-day payment terms and one-year return window.

  • Avoid interest.

    After your billing cycle ends, you’ll have a grace period of at least 20 days to pay off your purchases. If you do, you won’t pay interest. If you don’t pay your balances in full, you won’t receive a grace period. If you’re enrolled in the 60-day payment terms, review the rules and make sure you understand them.

  • Contact customer support.

    If you have any issues with your account, call the number on the back of your card to reach Citi support.

Bottom line

The The Home Depot® Commercial Revolving Charge Card is good if your business depends on frequent purchases from Home Depot. Though its rewards are less straightforward than you might like, they’re make it worth it if you have to make returns or can utilize that fuel discount.

If you’re not the biggest Home Depot spender or just not sure about taking on a charge card, compare other business cards.

Frequently asked questions

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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