Spokane, WA · Member since 2013 · 57 posts · 7 votes
Happy New Year!
I'm going to get a credit card with Lowes or Home Depot. Any major differences between the Consumer and the Commercial cards I should consider? Which one do you like and why?
Another related question. Something I really like on the commercial cards is the line item tracking; being able to see every item online that was included in a purchase. Do you know if that feature is included in the consumer cards?
If you are in the real estate business, you need to go for the commercial card and the chances you will need to personal guarantee the payments and Home Depot and Lowes will check your business credit through Duns and Bradstreet and personal credit through Experian.
Yes, Home Depot offers the line item invoicing on their Net 30 Commercial Card, which is nice, I use street address as my PO # to track expenses for certain properties.
Not sure about Lowes, but I was just approved for their Commercial Card w/o a personal guarantee. I think they did check DNB.
Another related question. Something I really like on the commercial cards is the line item tracking; being able to see every item online that was included in a purchase. Do you know if that feature is included in the consumer cards?
I'm able see every reciept and every item on each reciept just by using my regular Chase Visa card.
Why are you considering getting a HD card as opposed to using a regular Visa CC (Especially a rewards card). Their 17.99% APR seems high.
I'm new and I'd love to get a good answer about the poster's question. If one hasn't been able to set up a LLC/entity, but happens to be at Lowes/HD and gets approved for a commercial card *first*, is one able to transfer that card's information to the LLC/entity later?