The
Lowe's Business Credit Card is ideal for small business owners who regularly shop at Lowe’s, have a big Lowe’s purchase coming up, and perhaps even spend a fair amount at restaurants and office supply stores. The card’s most appealing features are its
$0 annual fee and the 5% discount it gives on all eligible purchases at Lowe’s, Lowes.com, & LowesForPros.com.
Cardholders also earn 5 points per $1 spent at Lowe’s in the first 6 months of account opening and 2 points per $1 spent on dining, office supplies and wireless services. That’s in addition to 2 points per $1 in Lowe’s purchases earned after the first 6 months, both in-store and online, and 1 point per $1 on everything else. Those rewards points are redeemable for a range of gift cards, including Lowe’s gift cards and American Express gift cards or statement credit.
That should give you what you need to make an informed decision about the Lowe’s Business Credit Card. Just remember that there are lots of really rewarding business credit cards on the market right now. You can find a quick summary of the Lowe’s Business Card’s key terms for your convenience.
Lowe’s Business Credit Card Review Highlights:
- $0 annual fee
- 5% off eligible Lowe’s purchases
- 2 points per $1 spent at U.S. restaurants
- 2 points per $1 spent at U.S. office supply stores
- 2 points per $1 spent directly with U.S. wireless service providers
- Good or excellent personal credit required
- Works wherever American Express is accepted
The
Lowe's Business Credit Card doesn't have any financing appeal, as it does not offer an introductory APR on new purchases. But it has a high regular APR:
20.99% - 29.99% (V). And if you want to save on interest, there are plenty of better 0% APR credit cards available to someone with a good or excellent credit score.
Finally, if you want to earn a lot of rewards on all of your purchases, not just those in the Lowe’s card’s bonus categories, you may want to consider the
Capital One Spark Cash and
Ink Business Cash® Credit Card business credit cards.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
