Office Depot® OfficeMax® Business Credit Card Review for 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
The Office Depot® OfficeMax® Business Credit Card is a small business credit card best suited to those who frequently shop at Office Depot and OfficeMax and whose credit scores range from 640 to 850. The card offers a $50 credit on your first purchase of $150 and up. It also offers flexible payment terms, making budgeting easier, especially for those using business credit cards for the first time.
Office Depot OfficeMax Business Credit Card
BEST FOR:
Office supplies at Office Depot and OfficeMax
Intro APR
None
Regular APR
23.99%
Annual Fee
None
Credit Needed
Fair
- Receive $50 as a statement credit on your first purchase of $150
- Flexible payments or choose pay in full
- Exclusive offers plus sneak previews and special savings
Pros
- No annual fee
- Welcome bonus
- Available to applicants with fair credit
Cons
- High ongoing APR
- Need to be enrolled in the Rewards Program to get cashback rewards
- Can only be used at Office Depot and OfficeMax stores
- Office Depot® OfficeMax® Rewards Program. A free program where active members can get up to 2% cashback in rewards on your go-to supplies, furniture, equipment, and more.
- Itemized billing statements. Office Depot provides relevant information that can help business owners do proper budget allocation and forecasting of expenses when using their credit cards.
- Multiple cards per account. The Office Depot® OfficeMax® Business Credit Card offers numerous cards within the same statement, thus increasing the number of authorized people who can use the same performance at a given time.
Intro APR
None
Regular APR
23.99%
Annual Fee
None
Credit Needed
Fair
- Receive $50 as a statement credit on your first purchase of $150
- Flexible payments or choose pay in full
- Exclusive offers plus sneak previews and special savings
Pros
- No annual fee
- Welcome bonus
- Available to applicants with fair credit
Cons
- High ongoing APR
- Need to be enrolled in the Rewards Program to get cashback rewards
- Can only be used at Office Depot and OfficeMax stores
- Office Depot® OfficeMax® Rewards Program. A free program where active members can get up to 2% cashback in rewards on your go-to supplies, furniture, equipment, and more.
- Itemized billing statements. Office Depot provides relevant information that can help business owners do proper budget allocation and forecasting of expenses when using their credit cards.
- Multiple cards per account. The Office Depot® OfficeMax® Business Credit Card offers numerous cards within the same statement, thus increasing the number of authorized people who can use the same performance at a given time.
Do you want to compare the features of one card to another? We’ve made it easy for you to do that—check off up to three cards on this page to add them to your cart. This will allow you to view the details in a side-by-side comparison.
Who the Office Depot® OfficeMax® Business Credit Card Is Best For
- Businesses that are in constant need of supplies. If your business constantly needs supplies, then the Office Depot® OfficeMax® Business Credit Card is a good option for you to consider. Cardholders who shop at Office Depot and OfficeMax will receive exclusive offers and special savings.
- New businesses that need to establish credit. Companies that are both corporations and have been running for at least three years are qualified to apply for the credit card with no personal guarantee.
How We Evaluate Rewards Business Credit Cards
When grading business credit cards like the Office Depot® OfficeMax® Business Credit Card, we first consider the ongoing and introductory rewards. We also consider the annual fee, introductory and ongoing annual percentage rates (APRs), and other card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 13 | 30 |
Introductory Rewards | 12 | 20 |
Annual Fee | 15 | 15 |
Additional Features | 10 | 15 |
Introductory APR | 8 | 10 |
Ongoing APR | 8 | 10 |
Total Score | 66 | 100 |
Office Depot® OfficeMax® Business Credit Card Fees
- Introductory APR: N/A
- Ongoing APR: 23.99%
- Grace period for repayment of the balance of purchases: Minimum 20 days if balance is paid in full on or before the due date each billing cycle
- Method of computing balance of purchases: Daily, including new purchases
- Minimum finance charge: $20
- Annual fees: N/A
- Late Fee: $15 on balances up to $100, $29 on balances of $100 to $250, $39 on balances of more than $250
- Returned Payment Fee: $39
Office Depot® OfficeMax® Business Credit Card Rewards
Business owners can apply for the Office Depot® OfficeMax® Rewards Program for free. This program offers the following benefits to its members:
- 2% in rewards on supplies, furniture, technology, and more—rewards not available on the following: Office Depot Marketplace items, delivery fees, postage stamps, gift or pre-paid cards, and any services related to tech, furniture, marketing or administrative, and third-party services
- Members-only savings that are only available to Rewards members, such as 100% back in rewards on batteries and 20% back in rewards on qualifying purchases
- $2 in rewards if you recycle both your ink and toner cartridges (with a minimum $10 purchase and up to 10 cartridges per month)
- $2 in rewards if you leave up to three reviews per month
Rewards earned through the Office Depot® OfficeMax® Rewards Program are issued in the form of a rewards certificate and can only be redeemed at an Office Depot or OfficeMax store.
You can unlock VIP status and earn 4% rewards by spending $500 within 12 months. Those with VIP status can earn the following rewards:
- 5% in rewards on ink, toner, paper, and print services
- Free 2-day delivery with no additional purchase, except on weekends and holidays (excludes most furniture, oversize items, and special order items)
- Exclusive perks such as birthday offers and more
Welcome offer: Save $50 on your first purchase of $150 or more (through statement credit) within the first 60 days of opening an account.
How to Make Payments on the Office Depot® OfficeMax® Business Credit Card
- Online: Business owners can manage their credit cards online.
- By Phone: Call (800) 729-7744, Monday through Friday, 8 a.m. to 7 p.m. Eastern time.
- By Mail: You can mail your payment to:
Office Depot® OfficeMax®
PO Box 78004
Phoenix, AZ 85062-8004
Office Depot® OfficeMax® Business Credit Card Additional Features
Itemized Billing Statements
Office Depot provides relevant information that can help business owners do proper budget allocation and forecasting of expenses when using their credit cards.
Multiple Cards per Account
The Office Depot® OfficeMax® Business Credit Card offers additional cards for authorized employees.
Flexible Payments
The Office Depot® OfficeMax® Credit Card offers flexible payment options to cardholders. You can learn more by going to the nearest Office Depot OfficeMax store or by calling (800) 729-774.
Pros & Cons of the Office Depot® OfficeMax® Business Credit Card
| PROS | CONS |
|---|---|
| No annual fees: Office Depot doesn’t charge its cardholders annual fees | High ongoing APR: The Office Depot® OfficeMax® Credit Card has a high APR of 23.99%. |
| Approves applications with fair credit: Business owners need a minimum credit score of 640. | Can be only used at Office Depot and OfficeMax Stores: Unlike Mastercard or Visa cards, the Office Depot® OfficeMax® Credit Card can only be used at Office Depot or OfficeMax. |
| Signup bonus: The Office Depot® OfficeMax® Credit Card offers savings of up to $50 on your first purchase of $150 and up. | Additional enrollment required to earn full rewards: You need to be enrolled in the Rewards Program to take advantage of all the rewards and benefits offered when using the Office Depot® OfficeMax® Credit Card. |
Office Depot® OfficeMax® Business Credit Card Alternatives
Chase Ink Business Cash®
The Chase Ink Business Cash® card is especially good for startup businesses that have recurring expenses for office supplies, internet, cable, and phone. This card also offers 5% cash back every account anniversary year on purchases up to $25,000. In addition, it lets you earn 2% cash back on the first $25,000 spent at gas stations and restaurants and 1% cash back on all other purchases. We chose this card as our best overall business credit card for startup businesses.
Ink Business Unlimited® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Pocketing 1.5% cash back on every single purchase
Intro APR
0% Intro APR on Purchases
Regular APR
15.49% - 21.49% Variable
Annual Fee
$0
Credit Needed
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Intro APR
0% Intro APR on Purchases
Regular APR
15.49% - 21.49% Variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Capital One® Spark® Classic
The Capital One® Spark® Classic can help you grow your credit score, and you can also earn rewards with no annual fee. This credit card offers a fixed-rate 1% cash back on all business purchases with no limits or spend categories, and rewards never expire. This card is our pick for best business credit card for fair credit for 2022.
Capital One® Spark® Classic for Business
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Fair credit business owners (580 to 669)
Intro APR
N/A
Regular APR
26.99% (Variable)
Annual Fee
$0
Credit Needed
Average, Fair, Limited
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit
- No annual fee
Cons
- No 0% introductory APR
- No sign-up bonus
- High APR
- Purchase protection: Capital One will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Extended warranty protection: You’ll get additional warranty protection on eligible items that are purchased with your business card, up to 1 year past the manufacturer’s warranty.
- Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your Capital One® Spark® Classic for Business card.
Intro APR
N/A
Regular APR
26.99% (Variable)
Annual Fee
$0
Credit Needed
Average, Fair, Limited
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit
- No annual fee
Cons
- No 0% introductory APR
- No sign-up bonus
- High APR
- Purchase protection: Capital One will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Extended warranty protection: You’ll get additional warranty protection on eligible items that are purchased with your business card, up to 1 year past the manufacturer’s warranty.
- Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your Capital One® Spark® Classic for Business card.
Amazon Store Card
If you frequently shop for your office supplies at Amazon, check out the Amazon Store Card, which can be used at Amazon Business, Amazon.com, Amazon Go, and other Amazon-affiliated stores. This credit card doesn’t have any annual fees and offers a $60 Amazon gift card upon approval (as of January 2022). In addition, you can also use this card to get an Amazon Business Prime membership at $69 per year and receive 5% cash back for every purchase.
Amazon Prime Rewards Visa Signature Card
BEST FOR:
Earning rewards on Amazon purchases through Amazon Prime membership
Intro APR
N/A
Regular APR
15.74% - 23.74% Variable
Annual Fee
None
Credit Needed
Good - Excellent
- Get a $70 Amazon.com Gift Card instantly upon credit card approval
- 5% Back at Amazon.com and Whole Foods Market
- 2% Back at restaurants, gas stations, and drugstores
- 1% back on all purchases
Pros
- Excellent ongoing rewards on Amazon and Whole Foods Market purchases
- Instant rewards redemption on Amazon.com
- Free Amazon gift card upon approval
Cons
- Requires an Amazon Prime membership starting at $119
- No 0% APR period
- Can only earn top-tier rewards under one Amazon Prime membership
- Extended warranty: Extends the time period for the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
- Lost luggage: If you or an immediate family member check or carry-on luggage that is damaged or lost by the carrier, you’re covered up to $3,000 per passenger
- Baggage delay insurance: You may be reimbursed up to $100 a day for up to three days for baggage delays of more than six hours
- Purchase protection: The issuer will repair, replace or reimburse you for an item purchased with the card that was damaged or stolen within 120 days of purchase; coverage is limited to $500 per occurrence and $50,000 per account each year
Intro APR
N/A
Regular APR
15.74% - 23.74% Variable
Annual Fee
None
Credit Needed
Good - Excellent
- Get a $70 Amazon.com Gift Card instantly upon credit card approval
- 5% Back at Amazon.com and Whole Foods Market
- 2% Back at restaurants, gas stations, and drugstores
- 1% back on all purchases
Pros
- Excellent ongoing rewards on Amazon and Whole Foods Market purchases
- Instant rewards redemption on Amazon.com
- Free Amazon gift card upon approval
Cons
- Requires an Amazon Prime membership starting at $119
- No 0% APR period
- Can only earn top-tier rewards under one Amazon Prime membership
- Extended warranty: Extends the time period for the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
- Lost luggage: If you or an immediate family member check or carry-on luggage that is damaged or lost by the carrier, you’re covered up to $3,000 per passenger
- Baggage delay insurance: You may be reimbursed up to $100 a day for up to three days for baggage delays of more than six hours
- Purchase protection: The issuer will repair, replace or reimburse you for an item purchased with the card that was damaged or stolen within 120 days of purchase; coverage is limited to $500 per occurrence and $50,000 per account each year
Bottom Line
The Office Depot® OfficeMax® Business Credit Card is a small business credit card best suited to those who frequently shop at Office Depot. In addition, this credit card is best for those with fair credit who are trying to build their credit scores. If you think that this card doesn’t suit you, then check out our credit card marketplace to check other cards that may better suit your needs.
