Is Lowe’s Credit Card Right for You? Well, even though there are many different types of credit card offers on the market today, you probably will not know this answer until you have done your homework. Therefore, when it comes to applying for any credit card, it is essential that you see what the features in this credit card entail.
Also, because some credit card offers can end in paying huge amounts of fees and debt that’s not easy to pay back, it is simply best to assess the credit cards that you consider before you decide to invest your time and money in managing a card that drains the family budget instead of adding value to the items that you need from your favorite stores. Fortunately, there is quite a bit of information online that can assist you with evaluating Lowe’s credit cards to see if it is a good fit for you and your needs. To that end, here is what you need to know about Lowe’s credit card features.
How to Apply for a Lowe’s Credit Card
If you want to know how to apply for a Lowe’s Credit Card, you will need to look online for their application process. Since Lowe’s has its own official site, all you have to do is find the credit card section of this site so that you can see the terms before completing your application. Once you have this part of the site up on your desktop or laptop computer, you will need all this information handy during your application.
- Social security number
- Home address
- Telephone number
- Annual Net Income
- Date of Birth
- Email Address
- Zip code
- City and State
When your application has been submitted, most people say that you should have easy approval odds when you have good to fair credit. So, if you fall within these credit score ranges, you may want to go ahead and submit your application for easy approval odds and a chance to become eligible for 5% off your next purchase.
Features of Lowe’s Credit Cards
Lowe’s is presently offering at least 2 different types of credit cards today. So, you will need to see the features of both to see which one may be best for you. For instance, Lowe’s Advantage Card Promotion comes with 5% off every day or the option of 6 months of financing. However, accepting the card on the current promotions, you will still know how much you will be paying in interest, late fees, annual fees as well learning the terms and conditions that come with the credit card that you apply for. Also, it is important to note that the standard interest rate for carrying this card is 26.9%.Unfortunately, this amount is approximately 2 times the amount of the traditional bank credit cards. Therefore, you should make sure that you are comparing the interest rate on other credit cards that you are carrying to see if these cards may be better suited for small and large purchases from Lowe’s.
Using the Lowe’s Credit Card with other Discounts
As stated previously, another feature of the store credit card that many customers may want to take advantage of with this card is the discounts provided with this credit card. However, before allowing this part of the offer to sway or make your decision, the 5% discount does not come without certain exceptions. For instance, if you are buying a product that already has a discount associated with it, the 5% discount from Lowe’s credit card cannot be combined with it to get the benefits of both. Instead, you will need to choose one or the other discounts with your purchase.This is different from other bank credit cards that will allow the consumer to get the benefits of both when they apply for their credit cards. If you want to know if Lowe’s credit card is really right for you, you should make sure that you know the benefits and the disadvantages. Typically, the standard interest rates are much higher than traditional bank credit card interest rates. Therefore, it is important that you are comparing each before you apply. How to Apply for a store credit card is simple since it can be done online within minutes.