Lowe's Business Rewards points are worth 0.94 cents each, on average. For example, 10,000 Lowe's Rewards points have a dollar value of roughly $94. As a result, Lowe's Business Rewards points are less valuable than the average home furnishing store's rewards points, which are valued at 5.49 cents each.
The easiest way to calculate the value of a retailer's points for any redemption method is to determine the dollar value of what you're redeeming for, minus any taxes and fees that you'll still have to pay, and then divide that amount by the number of points you're required to redeem. For your convenience, here's the formula for Lowe's Business Rewards points:
Dollar Value of Redemption Item / Number of Lowe's Rewards Points Needed = Lowe's Rewards Point Value
How to Earn More Lowe's Rewards Points
It's important to remember that while you can't change the redemption values of Lowe's Rewards points, you can increase the rate at which you earn them. One of the best ways to increase the number of Lowe's Rewards points that you earn is to apply for the Lowe's Business Rewards Credit Card.
Lowe's Business Rewards Points vs. The Competition
Sam's Club and Menards provide rewards in the form of cash back. To make comparison simpler for shoppers, we translated cash back rewards to points at a 1:1 ratio.
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