Businesses can now acquire Home Depot® commercial credit cards in order to manage cash flow and track purchases made by employees. The two kinds of commercial credit cards, Revolving Charge Card and Commercial Account Card, seem very similar at a glance. However, there are a few differences between the two that can easily determine what is best for you and your business:
Streamline your expenses
The Revolving Charge Card allows you to make a choice; you can make small monthly payments, or you can opt to just pay in full each month. With the Commercial Account card, the payments are due in full. Though, you have the option to pay by invoice to improve your cash flow.
Control and track employee spending 24/7
With the Revolving Charge Card, each employee can have his or her own card to make purchases on your account so you can track the details and reduce the potential for somebody to fraudulently access your account. On the other hand, the Commercial Account card allows you to put a cap on employee spending so that you can set limits on how much each employee can purchase.
Choose who is authorized to use your card
While the Revolving Charge Card lets you issue cards to each of your employees, you can select who is authorized to use your account with the Commercial Account card. Whenever your employees make a purchase with your Commercial Account, you receive detailed information about the transaction.
Get real-time data instantly
When you apply for either the Revolving Charge Card or the Commercial Account Card, you automatically receive a Pro Xtra® membership. This is Home Depot®’s loyalty program for businesses that regularly shop at its locations. With it, you can view receipts from up to two years ago and get all of the important details, including job, quantity, cost per unit, departments and sub-departments, and which employee spends money with which card–and that is just one of the many useful features a loyalty account offers!
For a simpler understanding of the features offered with each Home Depot® credit card, including the Project Loan Card and the Consumer Credit Card, check out the table below:
| Consumer | Project Loan | Commercial Revolving | Commercial Account | |
| Payment | Minimum required | Fixed monthly payments | Flexible | Flexible |
| Prepayment | No penalty | No penalty | No penalty | No penalty |
| User | Authorized | Single OR Co-Applicant | Authorized | Authorized |
| Pay Method | Mail, Phone, OR Online | Mail, Phone, OR Online | Mail OR Online | Mail OR Online |
| Itemized Statements | With Sign-Up* | With Sign-Up* | Yes | Yes |
| Easy Purchase Tracking | With Sign-Up* | With Sign-Up* | Yes | Yes |
| Online Account Management | With Sign-Up* | With Sign-Up* | Yes | Yes |
| Returns | Yes | Yes | Yes | Yes |
| Pro Xtra® Membership | With Sign-Up* | With Sign-Up* | Automatic | Automatic |
| Fuel Discount | No | No | Yes | Yes |
| Terms of Payment | Interest | Interest | 60 Days with No Interest | 60 Days with No Interest |
| Credit Line | Yes | Yes | Yes | Yes |
| Annual Fees | No | No | No | No |
| APR | Based on Credit Score | Fixed | Based on Credit Score | Based on Credit Score |
Note: * As of March 2018
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