As the name suggests this account must be used only for the purchase of merchandise and/or services from JCPenney stores and websites for business, commercial or organizational purposes. The full name of the account is the JCPenney Commercial charge account and by applying for it on behalf of the business you request Symphony bank to issue for the same and they issue the JCPenney Commercial Charge card(s) requested.

The bank allows multiple users and issues multiple cards under the same account but you must apply for it in the credit application. You must assure as an authorized representative of the business that this card would not be used for personal, family, or household purposes. The card provides various perks like net 30 terms (which means the billing cycle is monthly), no interest charges, and dedicated customer services.

There are two types of accounts available namely statement and voucher. In a statement account, you can buy from stores as well as their website but when you opt for a voucher account you can use the card only in stores.  One can use this account for getting services from Sephora also.

Who Can Apply For The JCPenney Commercial Account?

Different types of businesses and organizations e.g corporations, Government organizations, Partnership firms, Sole Proprietorship firms, and non-profit organizations can apply for the account.

 Nonprofit organizations  must inform in the application one individual who has the responsibility for managing the applicant to a significant amount.

 In addition to this other businesses must specify each person who directly or indirectly owns 25% or more of the equity interest of the applicant business.

How Can One Apply For JCPenney Commercial Account?

One can apply for the JCPenney Commercial account online or offline through a credit application by JCPenney. 

Or one can apply through JCPenney Commercial Account Application which is operated by Synchrony Bank. 

How Much Credit Can I Get Through The Card?

 The amount of credit that one can get depends on their credit score. If a person’s credit score is good he or she can get the credit as requested during filling out the application. This card is very useful for new businesses for business credit and can help build business tradelines. The Synchrony bank can increase or decrease one’s credit limit according to the usage of the card.

What Are The Details Required To Fill Up The Application For The JCPenney Commercial Account?

   The business and billing information, business banking information, and certification of beneficial owner(s) details are required to fill up the application. Also if your business is tax exempted business you have to submit a copy of your tax certificate, Federal Taxpayer ID or Social Security Number(in case of Sole Proprietor), Dun & Bradstreet no, business type, and billing contact.

 You will be asked for an estimated annual purchase or choose a credit line. You need to specify the number of cards required and if you are applying for a statement account or voucher account.

    In business banking information your financial institution’s name, address, contact number, and account number are needed to be specified and the information required regarding the certification of beneficial owners is already mentioned in the answer to the first question  in this article(i.e Who can apply for the JCPenney Commercial Account? )

How Much Time Is Taken By The Authority To Activate The Account?

After finishing the application you have to send it to the mentioned address in the application.

 One can do it online through the Synchrony Bank website whose link is given in answer to the second question subheading of this article. 

The reviewing process usually takes two weeks or more and you can get your account credentials in the mail. One has to remember his /her username and password to log in to the account and it may differ from him/ her jcpenney.com user id.

When there is a New Balance shown on your credit card account, you have to pay the entire balance to Synchrony bank at the address provided in the account.

 Any payments received after   5 p.m. on a business day will be credited on the next business day which is similar to other credit cards. Credit to your Account may be delayed up to five days in certain conditions.

 Sometimes your available Credit Limit may not be restored for up to seven days or longer after they receive your payment. 

All  documents relating to the disputed amount must be delivered to Synchrony Bank at the address for billing inquiries shown on the account.

Conclusion

In this way, you can easily apply for JCPenney Commercial Charge Account and enjoy the benefits for your business. Hope this card will help you in your business.