There is a BIG difference between “no interest for 6 months” and “no interest if paid in full within 6 months.” The latter indicates you’ll be subject to deferred interest. If you’re spending a sizeable amount of money on a large renovation, add-on, or new build, this offer can sound very enticing and has benefits for the right user. If you’re applying online, you’ll be redirected to a THD Loan/GreenSky application page. At first glance, these cards both look like typical credit cards, but you should be aware of some major differences. However, there are many other (more popular) cards out there that provide similar special financing and can give you rewards benefits at the same time. PRO XTRA PROGRAM Home Depot of Canada Inc. Love remodeling? Pro Xtra Program Terms and Conditions – Last update February 1, 2020 (Effective Date) The Home Depot Pro Xtra Program (the "Program") is a commercial customer rewards program offered by Home Depot of Canada Inc.("The Home Depot").As a member of the Program, you may qualify to receive certain benefits described below. For smaller apartment operators, maintaining and remodeling apartments can be a challenge. The Home Depot has launched an expanded version of its Pro Xtra loyalty program with new benefits to recognize and reward its professional customers including contractors and remodelers. There is the option to select 30- or 60-day payment terms, and you can also enroll in the Fuel Rewards program and select your number of program cards (up to 4). 2nd: call Cash Star at 1-866-903-9161, they handle Home Depot gift cards and Re-Loadable Pro cards. It does not earn cash-back, points, or miles. Using Pro Xtra is beneficial for a number of reasons, but overall, it can help you save your business time and money. A pure scam. Just make sure you know what you’re getting yourself into before choosing this card option. Pro Xtra is The Home Depot’s loyalty program for professionals. You can pay online, by phone, or by mail. Pros get reduced pricing on orders over $1500 with the Volume Pricing Program (VPP). † After enrollment, this feature will be visible on your The Home Depot commercial card statement within 1-2 billing cycles and will only apply to future purchases. If the opportunity to make a nearly impossible task very possible presented itself, would you take advantage of it? Remember that each application is unique. I usually shop at the Home Depot store in Kitty Hawk, NC. You can s. As time goes on, and you purchase more and more, it only becomes harder to track your expenses. Search (past 7 days): Home Depot Pro Xtra Holiday Perk - Free Snack in App- YMMV . Some features available within the “Business Tools” tab are the abilities to sort your purchases by date and job, to view the prices of your items before and after taxes, and to enter the receipt number if you forget to use your account at the time of payment. You may apply with a personal guarantor for The Home Depot Commercial Account. In The Home Depot’s case, almost all of their special financing offers have deferred interest. These cards each have their benefits and drawbacks. Pro Xtra: Pro Loyalty Program. That’s a pretty good interest rate if you’re extending payments for a little while, but if you’re planning to let them drag out over 114 months, you’ll end up paying much more than the original loan amount. This type of financing offer is called deferred interest. However, you can only use it for purchases at The Home Depot. The Home Depot’s primary special financing offer is: Additionally, The Home Depot gives cardholders the opportunity to secure limited-time-only special financing offers. I want to advise people to not use this credit, if for some reason you can’t pay before the 6 months, they will make a lot of money from you. Who dislikes increasing profits and efficiency? Pro Xtra members save time, save money and get rewarded through members-only benefits and business tools. And the best part? In general, it’s good practice to request only what you think you need. This program tracks the purchases of our contractor customers and sends to them electronic receipts for each purchase. Things are a bit more complicated with this card. Home Depot Savings Program LU RESOUR E PARTNERSHIP Pro Xtra is Home Depot’s free loyalty program Use your Home Depot Pro Xtra club account to: • Save time, money, and get rewarded. For professionals, the commercial card and account offer similar benefits — deciding which product is right for you depends on your payment flexibility. Pro Xtra members can now earn rewards just for shopping at The Home Depot with the ability to unlock and redeem Perks via Home Depot’s mobile app. I have 3 and do it all the time. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The Home Depot Commercial Account functions more like a charge card than a credit card. I closed the account and had the credit agency squeeze late fees. If you are undertaking a large project like a new build, home renovation, or add-on, The Home Depot Project Loan is better suited for your spending plans. He told me to go to the store and explain it to them. • Access exclusive programs like volume pricing, and bulk pricing to reduce service project costs. If you are interested in learning how to automate your data entry process and save tons of time and money, you should sign up for HammerZen. If you end up spending less than the credit limit assigned at loan approval, you’re only responsible for the amount spent during the 6-month purchasing window. The Home Depot Commercial Account is best for those with fair credit. This is the first time I get a credit card with free interest for 6 months and because is not paid in total by the 6 months the interest charges come back to your account to increase the balance. Click here to see a list of advertisers that we work with. Your monthly billing statement contains an itemization of all purchases made on your commercial account or card. However, there may be certain times throughout the year that The Home Depot extends cardholders an offer for discounts on specific merchandise or for certain shopping dates. See Pro Xtra Program Terms & Conditions for details. Anyone who’s a frequent shopper at Home Depot or undergoing a big project can benefit from this program. Get 25% more value when you redeem for travel through Chase Ultimate Rewards. July 24, 2019. As long as you use a linked card, present a phone number, or provide your account information to the cashier, Home Depot will automatically import your receipt into your Pro Xtra account! You can also call Home Depot gift card support at 1-877-423-3005. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. Lastly, both the commercial card and account offer the option of 30- or 60-day payment terms. Your account comes with a range of “Business Tools” that make managing your work much easier! The Home Depot Project Loan is an unsecured loan, meaning no collateral is required. The Home Depot Commercial Revolving Charge Card. However, many rewards cards have 0% APR for up to 18 months which could be an attractive alternative, especially if you don’t need to spend tens of thousands of dollars (as that amount might require a higher credit limit). Home Depot’s ® Pro Xtra ® Loyalty Program is already full of convenient features, and the Home Depot has added yet another one: Text2Confirm ®.. What exactly is Text2Confirm, you might ask? Of the 2 personal cards offered, this one is more like a traditional credit card. The loan has 4 tiers with term and APR subject to qualifying credit approval: The Home Depot states that “monthly payments will not exceed $20 per $1000 spent (e.g., $160 per month for an $8000 purchase).”. The Home Depot Personal Cards at a Glance, The Home Depot Business Cards at a Glance, Fees and Drawbacks of The Home Depot Credit Cards, Applying for The Home Depot Personal and Business Cards, Alternative Rewards-Based Credit Cards (Our Recommendations). Hot Tip: You don’t earn any rewards with this card. While your credit score is a significant factor in this decision, it’s also possible the decision depends on other factors such as whether or not you own your home, your debt-to-income ratio, and the reason you need the loan (among other factors). In the event that the company defaults on payment, you will be held personally liable for all obligations and amounts due. Members receive exclusive benefits, like volume pricing, purchase tracking, paint rewards, and exclusive discounts and offers. If you’re considering an alternative to the commercial options from The Home Depot, we’ve assembled a collection of the best small business credit cards available. Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. We’ve discussed many of the fees and drawbacks associated with each card, but we’ll compare them here. Pro Referral is a Home Depot-powered app that lets you create a public profile to connect with a variety of prospective customers. Disclaimer: Upgraded Points, LLC and its website, UpgradedPoints.com, provides information on credit cards, reward programs, travel information and ancillary information concerning travel and credit cards. Have a penchant for DIY projects? Pro Xtra is Home Depot’s Loyalty Program, designed by professionals to suit the needs of professionals like yourself. Citibank also gives you the ability to see if you pre-qualify for this card without impacting your credit score. There are reports of denials for high credit scores and approvals for bottom-range fair scores. Pro Xtra is The Home Depot’s loyalty program for professionals. Intuit-approved HammerZen is the only app capable of effortlessly importing Home Depot receipts into QuickBooks. Pro Xtra members can now earn rewards by shopping at The Home Depot with the ability to unlock and redeem Perks via The Home Depot’s mobile app. I explained I did and was told it would be a credit on my statement. One very real, very difficult struggle for business workers who frequent Home Depot is keeping their receipts together and organized. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. The Home Depot Project Loan allows for loans from $2,500 to $55,000. Not everyone has the funds to make large purchases outright. If you'd like to add a comment to this article and share your valuable feedback and opinions, please click here to leave your comment. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. Additional Pro Xtra Program Benefits – The Home Depot Commercial Card. Well, let’s say that a construction team is working a job when suddenly they realize that they need more materials. The main benefit of The Home Depot card is the possibility to utilize special financing options. Members enjoy many benefits including Volume Pricing, Paint Rewards and exclusive offers. See Pro Xtra Program Terms & Conditions for details. then The Home Depot card is the better card for you. If your business does not have enough credit history to establish a commercial account, particularly with young or small companies, you may give a personal guarantee. To learn more, read about eight more benefits of becoming a Pro Xtra member! In addition, as an Amazon Associate we earn from qualifying purchases. An email that went out this week is 50% off (i believe) on grout and thinset. If you request a massive credit line but don’t have the financial profile to back up the loan, it’s unlikely you’ll be approved. They should be able to check to see if the card has been flagged. Pro Xtra is Home Depot’s program for professionals, but you don’t need to be certified or licensed to sign up. The average purchase price at a retailer like The Home Depot is larger than at most other stores. Pro Xtra members can now earn rewards just for shopping at The Home Depot with the ability to unlock and redeem Perks via Home Depot’s mobile app. Bottom Line: While many of these benefits could certainly come in handy, they aren’t extraordinary perks by any means. 10-20% back in Quarterly Rewards when you buy paint. Purchases can be tracked by the buyer or job name, job number, or purchase order. Save time, save money and get rewarded with Pro Xtra. Pro Xtra is Home Depot’s Loyalty Program, designed by professionals to suit the needs of professionals like yourself. HammerZen is an Intuit approved app, easily integrates both with QuickBooks Desktop and Online. Click here to see a list of advertisers that we work with. The program has some top-notch benefits for its members: When you become a member of Pro Xtra, Home Depot starts automatically uploading your purchases for you. It is important that you add these memberships into your Pro Xtra ® account so that the benefits will always apply to your spending. So, if you know that you prefer the Behr color palette over other brands, you should probably sign up for Home Depot Pro Xtra over Lowe’s for Pros. Unfortunately, that means you can’t review all of the terms and conditions until you’re approved and review your loan approval paperwork. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). If applying online, you’ll be redirected to a Citibank application page. The information provided is for informational purposes only and should not be considered financial, tax or legal advice. No, you cannot pay your Home Depot card balance in-store. If you decide to apply in person, a Home Depot employee will assist you in submitting your application and walk you through any questions you may have. • 20% savings on paints, stains and primers in-store and 2 In Newfoundland and Labrador, the Pro Xtra Fuel Savings Card can be used at North Atlantic Petroleum retail locations. Find more tips below in the Alternative Rewards-Based Credit Cards section. This site does not include all credit card companies or all available credit card offers. They are adding your information to the Pro Xtra contractor discount program. You will know where … This is not fair for the customers. The Home Depot card might be a good card for you if you need special financing options for everyday home purchases. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. Join Pro Xtra today and start getting rewarded. The Home Depot Pro Xtra If you weren’t looking for it, you could almost miss the fact that Home Depot offers a rewards program for their loyal professional customers, but dig a little deeper on their website and you’ll learn about the ‘Pro Xtra’ rewards program intended as a way for contractors and other professionals to save big. This review breaks down both personal and commercial options that The Home Depot has to offer, from the benefits to the drawbacks and everything in between. Upgraded Points, LLC uses reasonable efforts to maintain accurate information on the site — and prior to applying for any credit card offers found on UpgradedPoints.com, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position. The Home Depot card is a store-branded card issued by Citibank. When applying online for either commercial option, you’ll be directed to a Citibank page that asks for information about your company as well as personal details. Let’s first review the shared benefits. I ordered the item and was told the %25.00 credit would show on my statement. Upgraded Points, LLC uses reasonable efforts to maintain accurate information on the site — and p. rior to applying for any credit card offers found on UpgradedPoints.com, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position. With The Home Depot card, you have plenty of special financing options. Pro Xtra is The Home Depot’s members-only loyalty program built for Pros. Pro Xtra Pricing (formerly known as Pro Rewards) is a sub-program of the Program, and Pro Xtra Pricing is only valid for purchases at participating The Home Depot stores in the Dallas/Ft. Pro Referral, a service provided by The Home Depot ® acquired Redbeacon in 2012 and later in 2016, changed the name to Pro Referral. © 2021 Upgraded Points™, LLC. This card could potentially give you a credit line of up to $55,000 and you’ll also get a 6-month purchasing window with low payments stretched out over 66 to 114 months at an APR of 7.42% to 19.96%. The Home Depot, the world’s largest home improvement retailer, today announced the launch of its expanded Pro Xtra loyalty program with new benefits to recognize and reward its Pro customers. Those tiers are: Bronze Level: 10% off when you spend $1,000 While it is technically a Mastercard, it is not a traditional credit card. So if you’re not looking for to use special financing, you’re likely better off with a card that will earn rewards on these purchases. Pro Xtra is certainly not structured just for painters. She caught the travel bug just after high school when her grandmother took her on a two-week, whirlwind trip around Europe. The Home Depot Pro Xtra Program gives members exclusive, money-saving offers and special coupons for products they use most. 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