Are you the type who would want to save money for other equally important expenses (like bills, etc)? If you frequent Lowe’s, then getting a Lowe’s Credit Card may be the perfect solution to your shopping needs.
The credit card itself is owned by GE Money Bank. (It is also the issuing bank.) They give you two card options: the Lowe’s card (basic card) and the Lowe’s Project Card.
Lowe’s is the standard card that can be used at Lowe’s (and even at lowes.com). This card is mostly used by regular shoppers. They also offer deferred payment schemes and has an APR of 21.9%. Also, you don’t pay interest for over $299 purchases, provided that it is paid off within 6 months or less.
For an initial qualifying purchase of $1,000, you can get the Lowe’s Project Card. This card caters more to business customers than the regular customers. With a credit limit of about $30,000, the said card allows you a “6 month project window” – in essence, no interest in those 6 months, and no balance due for purchases. Its APR will be at a range of 7.99% to 17.99, at least for the first project. Plus, if you are considering major home improvements, a larger credit line can be made available for you.
Both cards offer the following benefits:
-Applying for a Lowe’s card is easy and fairly fast. Upon application, the applicants with a good to fair credit rating would almost always receive approval. You can apply at any Lowe’s store or online. The bank would then check credit history and may take a maximum of 7 business days upon approval of application. Online applications get an instant response.
-There is no annual fee.
-Low monthly payments.
-You can change the credit line.
-They have several financing options, aside from the usual discounts. One of those is the deferred payment scheme.
-Secure Sockets Layer (or SSL) is used to help protect online transactions. Basically, this technology uses encryption of sensitive account information, ensuring that online account transactions are safe to do.
-You can do online transactions as well, specifically requesting for a credit balance refund.
-They can add supplementary cards for other members of the family with no extra charges.
-The aesthetically conscious person has three card design versions to choose from.
-They offer a grace period of 26 days without your account incurring interest.
-You can receive your bills online via their E-Bill facilities.
So if you are thinking of doing home improvements, consider getting a Lowe’s. A simpler, easier life – that’s what Lowe’s can do for you.