Step-by-Step Guide: Applying for the Home Depot Business Credit Card in 2024

This card works like a standard credit card, allowing you to carry a balance and make monthly payments. It offers more flexibility for businesses that need to spread out payments over time.

This card requires full payment of the balance each month and is better suited for businesses that want to track their purchases and maintain stricter spending controls.

Ideal if you need the option to pay off large purchases over time. This card allows you to carry a balance and make monthly payments with interest.

Best if you prefer paying off your balance in full each month and want strict control over your spending.

Be prepared to provide your business name, address, and type of business (LLC, sole proprietorship, etc.).

You’ll need to provide your business’s Tax ID or, if you’re a sole proprietor, your Social Security Number.

For many business credit cards, including Home Depot’s, you may be required to sign a personal guarantee. This means you (the business owner) will be personally liable if your business is unable to pay off the balance.

While specific credit score requirements can vary, having a decent credit score (typically above 670) increases your chances of approval.

Go to the Home Depot website and navigate to the business credit card section.

Select the card you wish to apply for (Revolving Charge or Commercial Account).

Fill out the application form with your business and personal information.

Submit your application for review.

Visit your local Home Depot.

Head to the customer service desk and ask for a business credit card application.

Complete the application with the help of a customer service representative.

Submit the application, and you may receive an instant decision.

One of the key benefits of having a Home Depot business credit card is access to special financing offers. Keep an eye out for promotions that offer extended interest-free periods on big purchases like tools, materials, or appliances.

These offers allow you to spread out payments over time without getting hit with high interest, which can help manage cash flow, especially on large projects.

For example, Home Depot often runs promotions that give you six months of deferred interest on purchases over $299. That’s a solid window to pay off what you owe without any additional charges.

One of the best features of the Home Depot business credit card is the ability to track purchases. You can issue multiple cards to different employees and still maintain a clear overview of who’s spending what and where.

With itemized statements, you’ll know exactly what’s being purchased and when, helping you track expenses across different projects or locations. This feature can be particularly useful during tax season or when preparing reports for accounting purposes.

If you’re frequently on the road, the Home Depot business credit card offers more than just purchase tracking—it can also help you save on fuel.

Certain business cards provide fuel discounts at participating gas stations, making it a good deal for contractors or businesses that operate a fleet of vehicles.

Though fuel savings may not seem like much at first glance, they can add up significantly over time, especially if you’re constantly commuting between job sites.

While the Revolving Charge Card allows you to carry a balance, it’s important to remember that interest charges can pile up quickly.

If you’re not taking advantage of a promotional financing offer, it’s wise to pay off your balance in full each month to avoid those high-interest fees.

If you prefer a stricter spending approach, the Commercial Account Card, which requires you to pay off your balance monthly, could be the better option.

When tax season rolls around, business owners know the pain of sifting through receipts and trying to match expenses. With Home Depot’s itemized billing, you’ll receive detailed monthly statements that break down each purchase.

This feature is not only great for tracking project costs but also for organizing expenses come tax time.

By taking advantage of this benefit, you can easily differentiate between personal and business expenses, making it much simpler to file accurate tax returns.

🔹 Key Metrics:

• Rewards:
  • 2% Cash Back on all eligible purchases up to $50,000 per calendar year.
  • 1% Cash Back on purchases beyond $50,000.
• Annual Fee: annual_fees
• APR: reg_apr,reg_apr_type

✨ Advantages:

• Flexible Cash Back: Unlimited 2% cash back on all purchases, including Home Depot, with no need to track categories.
• Welcome Offer: bonus_miles_full
• Expense Management: Integrates seamlessly with accounting software like QuickBooks® and Xero®.
• Purchase Protection: Includes extended warranty and purchase protection for eligible items.
• No Foreign Transaction Fees: Ideal for businesses with international expenses.

🔹 Key Metrics:

• Rewards:
  • 1.5% Cash Back on all purchases, including Home Depot.
• Annual Fee: annual_fees
• APR: reg_apr,reg_apr_type

✨ Advantages:

• Simple Rewards Structure: Flat 1.5% cash back on every purchase without worrying about categories.
• Welcome Offer: bonus_miles_full
• Flexible Redemption: Redeem rewards as statement credits, direct deposits, or gift cards.
• Purchase Protection: Includes extended warranty and purchase protection benefits.
• Employee Cards: Free employee cards with customizable spending limits.

🔹 Key Metrics:

• Rewards:
  • 2% Unlimited Cash Back on all purchases, including Home Depot.
• Annual Fee: $0 for the Spark Business Cash version
• APR: Variable APR ranging from 19.99% – 29.99%

✨ Advantages:

• Generous Cash Back: Earn unlimited 2% cash back on every purchase, maximizing rewards on Home Depot spending.
• Welcome Offer: Receive a $500 bonus once you spend $4,500 in the first 3 months.
• Flexible Redemption: Redeem cash back as a statement credit, check, or for gift cards.
• No Foreign Transaction Fees: Suitable for businesses with international operations.
• Expense Management Tools: Access to Capital One’s business banking tools for streamlined expense tracking.

🔹 Key Metrics:

• Rewards:
  • 5% Cash Back on the first $25,000 spent in combined purchases at Office Supply Stores (Home Depot may qualify depending on category classification).
  • 2% Cash Back on the first $25,000 spent in combined purchases at Internet, Cable, and Phone services.
  • 1% Cash Back on all other purchases.
• Annual Fee: annual_fees
• APR: reg_apr,reg_apr_type

✨ Advantages:

• High Rewards on Office Supplies: Earn up to 5% cash back on eligible Office Supply Store purchases, which can include Home Depot if categorized correctly.
• Welcome Offer: bonus_miles_full
• Employee Cards: Free employee cards with customizable spending limits.
• Flexible Redemption: Redeem cash back as statement credits, gift cards, or through the Chase Ultimate Rewards® program.
• Purchase Protection: Includes extended warranty and purchase protection for eligible items.

🔹 Key Metrics:

• Rewards:
  • 4 Membership Rewards® Points per dollar on the 2 selected categories where your business spends the most each month (e.g., Home Improvement stores like Home Depot).
  • 1 Membership Rewards® Point per dollar on all other purchases.
• Annual Fee: annual_fees
• APR: reg_apr,reg_apr_type

✨ Advantages:

• Customizable Rewards: Choose up to two categories each month where you earn 4X points, such as Office Supplies, which may include Home Depot.
• Welcome Offer: bonus_miles_full
• Flexible Points Redemption: Use points for travel, gift cards, statement credits, or transfer to airline and hotel partners.
• Expense Management: Advanced reporting tools and integrations with popular accounting software.
• Additional Benefits: Includes travel insurance, purchase protection, and access to exclusive events.

🔹 Key Metrics:

• Rewards:
  • 3 Points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year (which can include Home Improvement).
  • 1 Point per $1 on all other purchases.
• Annual Fee: annual_fees
• APR: reg_apr,reg_apr_type

✨ Advantages:

• High Rewards on Relevant Categories: Earn 3 points per dollar on categories that often include Home Depot purchases.
• Welcome Offer: bonus_miles_full
• Flexible Points Redemption: Redeem points for travel through Chase Ultimate Rewards®, transfer to travel partners, or use as statement credits.
• Travel Benefits: Includes trip cancellation/interruption insurance, auto rental collision damage waiver, and cell phone protection.
• Expense Management: Access to detailed spending reports and integrations with accounting software.