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 $100 cash back upon approval.
Occasionally, Lowe’s also runs limited-time credit card promotions for all cardholders. 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: Both Lowe’s credit cards
0% to 7.99% for 6 to 84 months deferred interest, depending on the purchase: Lowe's Store Card. Can get this or 5% off purchases. 26.99% regular APR.
$100 cash back upon approval: Lowe's Business Credit Card
Special temporary discounts: Both Lowe’s credit cards. A recent example is 20% off your purchase when you open and use your card (up to $100 discount) with Lowe's Store Card.
The Lowe's Business Credit Card offers some great rewards, too; 1 - 3 points per $1 spent, depending on the type of purchase. Plus, the card comes with purchase protection, car rental loss and damage insurance, extended warranty coverage, and special discounts with LowesForPros.
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 the Citi Simplicity® Card - No Late Fees Ever.