Securing a Lowe’s Credit Card
The Lowes card is one of the best store credit cards in the country. Many homeowners are deciding to perform their own home improvement projects with the current state of the economy. It’s truly cheaper to do it yourself than hire a contractor. Using a Lowes credit card can help you get the best value for your money with those purchases.
The first feature of the Lowes card is that there is no annual fee. A lot of credit cards charge upwards of $70 a year truly for the privilege of using their card. Home improvement purchases are expensive enough without having to pay a big fee too. To further assist you in paying off those huge purchases the card offers a grace period of 26 days.
This is a awfully big benefit since the interest rate for this card can be rather high. But you are given 26 days from the time that the purchase is made to pay it off before they start charging you interest for it. If you cannot manage to repay the entire balance before then, you can also make low minimum payments on a monthly basis.
There are a few limitations placed on the card that anyone thinking of getting it should be aware of. While there are many ways to pay a bill on a Lowes card, paying by mail can take up to 10 days to process so pay well ahead of time.
Payment with a gift card or other credit card is not allowed, so payment must be made via your bank account in some way. While other cards will allow you to change your due date for future payments, the Lowes credit card does not allow those kinds of changes to be made.
Also, there is no reward program and likely will not be one in the future, so customers should be aware of this when deciding to apply for the card.
Many patrons are eligible for this credit card. They aren’t as inflexible with their credit score requirements, although having a high credit score will improve your interest price. If this kind of card is one that you want, application decisions are generally made and communicated with two weeks.
Learn more about Credit Cards and your Lowes Credit Card Payment
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