Office Depot Introduces Limited Time Offer of ‘No Interest For Six Months’ Financing Program on Office Depot Business Credit Cards

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot (NYSE: ODP), celebrating 25 years as a leading global provider of office supplies and services, today announced a new “No Interest For Six Months” financing offer available to all new and existing Office Depot Business Credit Card holders. This limited time special offer is running now through February 26.

“The economy continues to impact the health of businesses both large and small and the start of the New Year brings with it many additional expenses that make good cash flow management even more important”

Through this new program Office Depot Business Credit Cardholders can take advantage of the “no interest for 6 months” offer on all purchases totaling $299 or more if paid in full by the end of the promotional period. Minimum monthly payments required. For example, if a customer makes a purchase of $299 on this program, they can save $32 of interest if the balance is paid in full within six months*.

As managing budgets and cash flow are so critically important to small businesses, providing options to be able to invest in equipment and supplies is a much needed benefit. In fact, the Office Depot December Small Business Index revealed that 72% of small business owners think interest rates will rise this year, which could add even more challenges for small businesses today.

“The economy continues to impact the health of businesses both large and small and the start of the New Year brings with it many additional expenses that make good cash flow management even more important,” said George Hill, Senior Vice President of Store Operations for Office Depot. “With the broadest array of products and services designed to meet the unique needs of business, Office Depot is committed to helping our customers make 2011 a success.”

Customers can apply online for the Office Depot Business Credit Card and find out more about the new “No Interest for Six Months” program, or visit any Office Depot retail store location.

To learn more about the small business products and services available at Office Depot, please visit your local Office Depot retail store location or www.officedepot.com. To become a fan of Office Depot on Facebook and receive exclusive content, offers and more, please visit www.facebook.com/officedepot. To follow Office Depot on Twitter, please visit www.twitter.com/officedepot.

* With credit approval for purchases made on the Office Depot Business Credit Card. Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within 6 months or if you make a late payment. Minimum payments required. The advertised interest savings an estimate of the potential savings based on the stated purchase amount, assumes that the purchase balance is paid in full within 6 months, no late payments, and is based on the APR for purchases listed below. The actual interest savings for your account may be more or less than the amount shown based on: changes in your APR, late payments, existing balances or making additional transactions, including optional fees billed to the account, and interest and fees billed to the account. See card agreement for details.

As of January 25, 2011, APR for purchases: Non-variable 20.80% - 23.99% (see your card agreement for APR applicable to you), except when your account is at the penalty rate, which is up to 29.99% APR. Minimum INTEREST CHARGE: up to $2.00. See card agreement for details. Offer is only valid for business accounts in good standing and is subject to change without notice. May not be combined with any other credit promotion offer. Valid for in-store purchases only.

About Office Depot

Celebrating 25 years as a leading global provider of office supplies and services, Office Depot is Taking Care of Business for millions of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides products and services to its customers through 1,600 worldwide retail stores, a dedicated sales force, top-rated catalogs and a $4.1 billion e-commerce operation. Office Depot has annual sales of approximately $12.1 billion, and employs about 41,000 associates around the world. The Company provides more office products and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 53 countries.

Office Depot’s common stock is listed on the New York Stock Exchange under the symbol ODP. Additional press information can be found at: http://mediarelations.officedepot.com and http://socialpress.officedepot.com/.