Description: The article is about lowes credit card login. The author introduces different kinds of Lowes credit cards including lowes consumer credit card and lowes business cards. Different cards have different benefits,you can choose one of them according to your own favourite.
I’m going to review the Lowes credit cards,there is a lowes consumer credit card and there are multiple lowes business cards that we’ll look at. We are going to start with the lowes advantage card which is the consumer credit card that is issued by synchrony Bank,the big feature of this card and all of these cards that we will talk about is that they give you 5% off all your lowes purchases.
There are a few exceptions to this but for the most part you’re going to get 5% off everything that you buy at Lowe’s. That’s the big perk but you also have the option to go for number two or three option,which means instead of getting the 5%,you can choose special financing for your larger purchases. When you choose a special financing,you won’t get the 5%,you’ll get whichever financing you choose.
Those two financing programs are number one,you can get a 0% offer for six months on your purchases if they are 299 dollars or more. When you choose this,you don’t have to pay any interest on that purchase provided that you completely pay off that purchase within those six months,if you don’t pay off that purchase within those six months,the 0% they offer will never exist,they’re going to charge your interest from the day you made the purchase and it’s going to be the same as using any other credit card.
The even worse story there is that if you don’t get it paid off within those six months,you’re going to get this card’s horrible regular interest rate which is 26.99% interest,this is a card that you don’t ever want to pay the full interest. I don’t want to get it paid off every month if you are using it on an everyday basis or if you’re doing one of these special financing offers,you need to make sure that you are hitting the rules around these promotions so that you don’t end up paying that 26.99% interest rate.
That is the first special financing,you also have the option if you have even larger purchases of over two thousand dollars to stretch your financing even further,you won’t get a zero percent rate but you’ll get a second better rate than you will get with a regular rate on this card. Assuming your purchase is over to $2,000,you can get anywhere from a 4% to 8% interest rate depending on how big that purchase is,that can be stretched from 36 months all the way out to 84 months depending on how big that purchase is.
Those are your choices,you can get the 5% or the one of those two financing options. There’s also a bonus opportunity with this,this is a bonus that comes and goes,we’ve seen over the past but as of now you can get $30 off your first purchase with the Lowe’s advantage card,assuming that $30 is more than that 5% that you can get off normally.
The sensible thing in a way would be to compare this to Home Depot’s credit card if you live in an area where you have both Lowe’s and Home Depot,this credit card may help you figure out which one you want to shop at because this card is giving you five percent off all your purchases and it has those special financing offers.
The Home Depot credit card has a special financing offers but there’s no 5% discount that you’re getting on,if you look at the two and you think they’re fairly comparable then it will obviously make sense that Lowe’s is your choice.
If you get their credit card,you will get five percent off all your purchases,assuming that you always pay your purchases off every month and you don’t get charged interest at that terrible interest rate. That is the lowes advantage card also the consumer card,now there are three Lowe’s business credit cards that you can also consider if you have your own business.
The best of the bunch is the Lowe’s business rewards card from American Express,it gives you that same five percent off all of your purchases,you can even earn rewards on top of that in the form of points,you can redeem for those gift certificates or gift cards,we always call them American Express gift cards,you will get three points per dollar on restaurants,office supplies and wireless phone service,two points per dollar at Lowe’s and one per dollar everywhere else.
You can make this your everyday credit card even if you don’t shop at Lowe’s or if you don’t necessarily shop in those categories in particular for your business,then maybe you can use this as your your five percent off at Lowe’s and you can use other cards to make your other purchases.
There’s no annual fee,with this card you can get a bonus of 5000 points assuming you use this card for a hundred bucks in thirty days of getting it. There is not a very big hurdle to climb there,they want you to at least start using the card so you can get an easy 5,000 point bonus.
This card also has a lower interest rate than that terrible 26.99% rate on the consumer card,it has a range depending on your credit history of 14.74 to 19.74,you should always note with small business credit cards that depending on the size of your business,you may use your personal credit history to qualify for that card,you may use the business’s history depending on how large it is and depending on what kind of history you have. That will figure out where your interest rate falls.
The other two Lowe’s business cards are boring,there’s nothing particularly interesting about them except for the fact that they again give you that 5% off all of your Lowe’s purchases. The first is called the Lowe’s business account,this is a revolving credit account like the last two I talked about meaning that you don’t have to pay your full balance every month although you should,but you don’t have to so it gives you that option,that has a interest rate up over 20% at least as far as we can tell from what find through our research.
The other option is the Lowe’s accounts receivable card which is a straight charge card,you can use it to get your five percent off at Lowe’s,but you have to pay off the complete balance every single month,there is nothing exciting,but if you don’t want to have that option to revolve and you only want to use this as a convenience and to get that discount,then that is an option as well. Those are the four Lowe’s business credit cards.