Lowes Credit Card

The Lowes credit card is a line of credit for use at the Lowe's home improvement store and elsewhere. There are several types of cards offered by the company. Lowe's offers both a consumer credit card and a business credit card; each is designed to provide benefits to the cardholder.

Learn about the Credit Score Scale

Lowes Credit Card for Consumers

Lowe's offers two credit lines for consumers. One is a standard credit card while the other is a Lowe's Project Card. Both are available to well qualified credit users. Both accounts have no annual fees. They can be used at any Lowe's store around the country and online. Both feature online account management.

Lowes Standard Credit Card

The standard Lowes credit card provides individuals with the ability to buy products and services for home improvement.

• The monthly minimum payment of this credit card is 1/35th of the balance of the account.
• There is no required initial qualifying purchase to open the account.
• APR is set at 21.99 percent for most consumers.
• The credit line is dependent on the qualifications of the individual including monthly income and credit score.
• Exclusive offers and savings discounts are offered throughout the year to cardholders.
• This credit line is a good option for any purchases including everyday purchases for home improvement supplies.

Lowes Project Card

The second type of card is the Lowe's Project Card. It too offers a variety of benefits but is designed to make paying for larger home improvement projects easier. One of the initial benefits of this card is that it allows you to make all of your purchases for the home improvement project over a period of six months. During that time period, no payments are due and there is no interest accrued. This card also offers several benefits to consumers:

• The credit line offers low interest rates starting at just 7.99 percent for well qualified consumers. Rates may range up to 17.99 percent for those who are less qualified.
• There is a required initial purchase to open the account in the amount of $1000.
• Fixed payments are made for the line of credit. Individuals can take between four and ten years to make payments to pay off these larger projects.
• Lines of credit up to $30,000 are available to those who qualify for them. This allows individuals to complete large home improvement projects in an affordable manner.

Applications for consumer accounts are available at Lowe's Consumer Credit Cards website.

Lowes Business Credit Lines

Lowe's also offers credit lines for businesses, including small, medium and large-sized businesses. They break their business lines down by the size of the company, offering one credit line for those businesses that range from small to medium sized and another for medium to large sized businesses.

Lowe's Business Account

The small to medium business account is designed for those businesses wanting to maintain a balance from month to month and will make payments on that balance over time. There are several features associated with this account.

• Itemized statements make it easy to manage purchases.
• There is no annual fee.
• The business has the ability to issue multiple cards to employees.
• Businesses can pay their balance in full each month or pay over time, depending on cash flow needs.
• The account provides account management service and dedicated account representatives to help the business with their needs.

The interest rate charged on this account varies according to the creditworthiness of the business.

Lowe's Accounts Receivable Card

For businesses ranging in size from medium to large, and that plan to pay balances in full each month, the Lowe's Accounts Receivable card may be the right option. There are two structures available with this account. The regular structure allows the business to receive one bill for all purchases. The Primary/Secondary option allows the business to use various accounts with unique account numbers to separate the buying needs of multiple locations. Bills may be mailed to various job accounts.

• Product level detailing is provided on statements.
• Purchasing control is offered, with optional cards with personalized identification.
• Pay by invoice if preferred.

To view Lowe's Credit Lines for business or to apply for an acccount, visit the Lowe's website.

• Is Debt Consolidation a Good Idea
• How Can I Improve My Credit Score Fast
• What to Say When You Can't Pay
• How Does Debt Consolidation Work
• What is a Good Credit Score

• American Express Black Card
• What Is APR
• Sears Credit Card
• Do It Yourself Card Credit Debt Settlement
• Credit Card Generator

• Category:Types of Credit Cards
• Main Page