The Lowe's credit card credit score requirement is 640 or better, which is considered fair credit. The Lowe's card is fairly easy to get, but that doesn't make it a great card. Even if you have a good or excellent credit score, the card will have an APR of 26.99% after the intro APR period, which is pretty high.
If you shop at Lowe's a lot or need to finance a big purchase there, however, the Lowe’s credit card is a decent deal. When you sign up for the card and spend at least $299, you can choose from a range of promotional interest periods: 0% to 7.99% for 6 to 84 months. Or, you’ll earn 5% discount on all purchases. Plus, you’ll get a 10% discount on your first purchase.
A credit score of 640 or higher is needed for a Home Depot card. That’s the case for the Home Depot Credit Card and the two Home Depot business credit cards. All three Home Depot credit cards are store cards, meaning they can be used only at Home Depot. Their 640+ credit score requirement is consistent with that of other store credit cards. … read full answer
Just having the credit score needed for a Home Depot card doesn’t guarantee approval. Other factors taken into account include income, employment status, payment history, debt level and more. All Home Depot credit cards are issued by Citibank.
Here is more on the credit score needed for Home Depot cards:
Age requirement: Must be at least 18 years old. If under 21 years old, must have proof of independent income or a co-signer.
Residency requirement: Must be a U.S resident. Address must be a physical location in one of the 50 U.S. states or Washington D.C. No P.O. box addresses will be accepted.
Basic application info: Includes full name, address, phone number, Social Security number and birthdate.
Application financial info: Includes monthly rent or mortgage payment, residence status (own/rent) and total annual net income (annual income after taxes).
If you get approved for any Home Depot card, you will receive a credit limit of at least $500.
Just bear in mind that the credit score needed for a Home Depot card could also get you a number of good credit cards that can be used anywhere. For example, Capital One QuicksilverOne offers 1.5% cash back on all purchases, but comes with a $39 annual fee. For business owners, Capital One Spark Classic gives 1% cash back on all purchases and has a $0 annual fee.
You generally need fair credit for Menards card approval, which means a credit score above 640).
However, issuers consider your overall financial picture, including your income and existing debt obligations, when making approval decisions. Your credit score can therefore only be used as a guideline.
The best store credit cards to build credit with are the Amazon Store Card (5% back on Amazon.com with a Prime membership) and the Target Credit Card (5% back at Target and Target.com). Both require just fair credit (640+ credit score) for approval. And like all major store credit cards, they report to the three major credit bureaus every month. That will help you build credit history. But keep in mind that store cards can only be used at the retailer they’re affiliated with.… read full answer
Unfortunately, you need at least a fair credit score to be approved for most store credit cards. If you have bad or limited credit, your options are slim. In fact, the only real “store card” for limited or bad credit is the Fingerhut credit account, which you can only use at the online retailer Fingerhut. As a result, you might be better off expanding your search beyond store credit cards to include secured credit cards and general-purpose credit cards for people with limited or bad credit. Then when you reach fair credit, you can accelerate your credit building and maximize your savings with a store credit card from your favorite retailer.
Here are the best store credit cards to build credit with:
Best bad-credit store card: Fingerhut Credit Account. No rewards. Only usable at the online retailer Fingerhut. No annual fee. Bad/limited credit accepted.
Best for shopping online: Amazon.com Store Card. 5% back on Amazon purchases with a Prime membership. $10 Amazon gift card after approval. 0% deferred interest for 6-24 months on purchases. No annual fee. Fair credit needed.
Best department store card: Target Credit Card. 5% off Target and Target.com purchases. Free 2-day shipping at Target.com. Extended 30-day returns. No annual fee. Fair credit needed.
Best clothing store card: TJX Store Card. 10% off your first purchase in-store or online. 5 points per $1 at T.J. Maxx, tjmaxx.com, Marshalls, HomeGoods, Sierra Trading Post and sierratradingpost.com. No annual fee. Fair credit needed.
Best office supply store card: Staples Credit Card. 5% back in rewards on Staples purchases. Free next-day delivery on $50+ orders. $2 in rewards for recycled ink cartridges up to 20 times per month. $20-$25 off printing and technical services each year. 0% deferred interest for 6-18 months on purchases. No annual fee. Fair credit needed.
Best home maintenance store card: Lowe’s Store Card. 5% off Lowe’s purchases or 0%-7.99% deferred interest for 6-84 months. No annual fee. Fair credit needed.
Some of the best store credit cards to build credit with have “deferred interest.” Don’t confuse this with a normal 0% offer, where you only owe interest on the balance remaining after your intro periods ends. With deferred interest, you must pay off your entire balance by the end of the promotional period. If you don’t, you owe interest at the card’s regular APR from the date of purchase instead.
It’s also good to note that many stores offer co-branded credit cards. These are cards you can use everywhere, not just at the store. But they require at least good credit, so you’ll have to build some credit before you can qualify.
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