What Lowes credit card promotions are there?

Current Lowe’s credit card promotions include 5% off all Lowe’s purchases and 6 months of 0% deferred interest on purchases of $299 or more. The Lowe’s Store Card gives you a choice between the two. 

There are also Lowe’s business credit card promotions. You get 5,000 points for spending $100 in the first 30 days. And there’s a $75 statement credit when you spend another $200 in the first 60 days.

Occasionally, Lowe’s also runs limited-time credit card promotions for all cardholders. For example, Lowe’s credit card customers were offered an extra 10% off any purchase June 15-16, 2018. The Lowe’s Store Card can only be used at Lowe’s. But the business card can be used anywhere American Express is accepted.

Here are the Lowe’s credit card promotions:

• 5% off all Lowe’s purchases: Lowe’s Store Card
• 6 months of 0% deferred interest on purchases of $299 or more: Lowe’s Store Card. Can get this or 5% off purchases. 26.99% regular APR.
• 5,000 points when you spend $100 in the first 30 days: Lowe’s Business Credit Card
• $75 statement credit when you spend $300 in the first 60 days: Lowe’s Business Credit Card
• Special temporary discounts: Both Lowe’s credit cards. A recent example is 10% off any purchase. 

The Lowe’s Business Credit Card offers some great rewards, too. It gives 3 points per $1 at restaurants, office supply stores and wireless phone services. You also get 2 points per $1 at Lowe’s and 1 everywhere else. Plus, the card comes with baggage insurance, extended warranty coverage, travel accident insurance and special discounts with Lowe’s ProServices.

As far as the personal card goes, you should probably pick 5% off Lowe’s purchases out of the two promotions. Deferred interest really isn’t worthwhile. You’d get no interest if you pay in full within 6 months. But if you don’t, you’d owe all 6 months’ worth of interest at 26.99%. If you need to finance, you’re better off getting a card that really gives you 0% interest and only charges interest on the balance that’s left after the intro period ends. For example, you could try Citi Simplicity.

5% off your purchases, and no interest if paid in full within between 1 - 2 years, depending on the amount of your purchases.