The Lowe’s Business Rewards Card offers enticing rewards for business owners, including cash back on eligible purchases at Lowe’s and other business categories. However, it’s essential to weigh the advantages and disadvantages before applying. Learn more about its features and how to apply in this comprehensive guide.

Advantages of the card Lowe’s Business Rewards Card

The Lowe’s Business Rewards Card provides several benefits for business owners, including:

– 5% cash back at Lowe’s on eligible purchases for the first 6 months, and 2% cash back thereafter.

– 2% cash back on business categories such as U.S. restaurants, office supply stores, and wireless telephone services.

– 1% cash back on other purchases made using the card.

– 5% off every day at Lowe’s on eligible Lowe’s purchases.

These rewards can help businesses save money on everyday expenses and earn valuable cash back.

Disadvantages of the card Lowe’s Business Rewards Card

While the Lowe’s Business Rewards Card offers appealing rewards, there are some drawbacks to consider, such as:

– A variable APR ranging from 20.99% to 29.99%, based on creditworthiness and other factors.

– The introductory 5% cash back offer is only applicable for the first 6 months for new accounts.

– Limited redemption options for cash back, primarily in the form of statement credits or select gift cards.

Extra features offered by Lowe’s Business Rewards Card

In addition to cash back rewards, the Lowe’s Business Rewards Card provides:

– Acceptance at 99% of places in the US that accept credit cards, according to the Feb 2023 Nilson Report.

– Customer service support and expense management tools for efficient business management.

Learn how to apply for your credit card Lowe’s Business Rewards Card

Applying for the Lowe’s Business Rewards Card is straightforward. Here’s how:

Discover the main ways to apply for the card Lowe’s Business Rewards Card

Business owners can apply for the Lowe’s Business Rewards Card through various channels, including:

– Online via the official website.

– Through the site’s mobile app for convenient access.

– By visiting a local agency or representative.

Prerequisites for request

Before applying for the Lowe’s Business Rewards Card, ensure you meet the following prerequisites:

– Have a good credit score to qualify for the best APR rates.

– Provide necessary business and personal information during the application process.

– Review the terms and conditions of the card to understand its features and fees.

The Lowe’s Business Rewards Card offers valuable rewards for businesses, particularly for those who frequently shop at Lowe’s or spend in eligible business categories. However, it’s essential to consider factors such as APR rates and redemption options before applying. Overall, for businesses looking to maximize savings on everyday expenses, this card could be a beneficial addition to their financial toolkit.