Lowe’s Business Rewards Card from American Express
Best For: Accessing discounts and rewards at Lowe’s
| Intro APR | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|
| 0% | 15.74% - 24.74% Variable | $0 | Good - Excellent |
The Lowe’s Business Rewards Card from American Express is an excellent point-based rewards card designed for business owners who shop at Lowe’s frequently. This small business credit card offers access to Lowe’s ProServices, including discounted delivery, bulk rate pricing, and the business replenishment program. It also offers a 5% in-store discount on eligible purchases at Lowe’s.
Who Lowe’s Business Rewards Card from American Express Is Right For
- Owners who usually shop at Lowe’s: The Lowe’s Business Rewards Card offers in-store discounts and cardholders can earn reward points on eligible purchases at Lowe’s.
- Contractors and fix-and-flippers: The Lowe’s Business Rewards Card offers a 5% discount on eligible Lowe’s purchases, making it a practical option for contractors and fix-and-flippers who need to shop for home improvement products frequently.
How We Evaluate Points Rewards Business Credit Cards
When grading points rewards business credit cards like the Lowe’s Business Rewards Card, we weigh ongoing and introductory rewards the heaviest. We also took into account the annual fee, introductory and ongoing annual percentage rates (APRs), and additional card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 25 | 30 |
Introductory Rewards | 10 | 20 |
Annual Fee | 15 | 15 |
Features | 15 | 15 |
Introductory APR | 5 | 10 |
Ongoing APR | 8 | 10 |
Total Score | 78 | 100 |
Lowe’s Business Rewards Card from American Express Fees
- Introductory APR: 0% for the first six months from the date of account opening
- Ongoing APR: 15.74% to 24.74% variable, which changes with the prime rate
- Annual fee: None
- Balance transfer fee: Transfers are not allowed
- Foreign transaction fee: 2.7%
- Cash advance fee: Either $5, or 3%, whichever is greater; cash advance APR is 25.24%
Lowe’s Business Rewards Card from American Express Rewards
- 5% discount every day at Lowe’s on eligible purchases
- 3x points at restaurants and office supply stores in the United States, and on wireless telephone services purchased directly from US service providers.
- 2x points at Lowe’s
- 1x point on all other purchases
Welcome offer: Get $100 cash back upon approval, which you can earn automatically as a statement credit
You can redeem your points for a Lowe’s® Gift Card, which you can use at Lowe’s stores. Lowe’s gift cards are available in $25, $50, and $100 denominations. If you have at least 2,500 points, you can redeem for Gas Rewards Card, or for an Outdoor Rewards Card to use at Cabela’s®, Bass Pro Shops®, Austad’s Golf, and L.L.Bean®. You can also redeem for American Express® Gift Card for a minimum of 3,500 points.
Lowe’s Business Rewards Card from American Express Features
Lowe’s ProServices
Cardholders will have access to Lowe’s ProServices, which provides discounted delivery, bulk rate pricing, the Business Replenishment Program, and dedicated account management. This feature is unique to this card, making for another reason Lowe’s customers find this card beneficial.
Roadside Assistance
The Lowe’s Business Rewards Card provides a 24-hour roadside assistance hotline. Although the roadside assistance hotline comes at no additional cost, you’re responsible for any additional goods or services provided. The services available for a fee include towing, winching, jump-starts, flat tire change, lockout services, and delivery of up to two gallons of fuel.
Purchase Protection
Items that were stolen or damaged within 120 days from the date of purchase, or 90 days for New York residents, are covered with purchase protection that is limited to $1,000 per incident and $50,000 per year. Items are eligible if they are charged entirely to your American Express credit card. Certain items are not covered like consumables, tickets, motorized vehicles, fixtures, and preowned items.
Extended Warranty Protection
The Lowe’s Business Rewards Card from American Express offers extended warranty protection up to an additional two years on items that come with an original manufacturer’s warranty of up to five years. Only items that are charged entirely to your Lowe’s Business Rewards Card are eligible. Motorized vehicles, real estate, fixtures, animals, living plants, and items for resale are not covered.
Travel Accident Insurance
The Lowe’s Business Rewards Card offers a travel accident insurance plan that covers up to $100,000 for losses that occur within 100 days after the accident. Losses that are covered include death, or loss of a limb, sight, speech, or hearing. To be eligible, the trip fare must have been charged entirely on your American Express business credit card.
Baggage Insurance Plan
American Express baggage insurance plan provides coverage between $250 and $1,250 for carry-on bags, checked bags, and high-risk items that are lost in direct transit. Some items are not included with this coverage like cash and its equivalent, credit cards, tickets, documents, animals, living plants, prosthetics, drugs, and properties shipped as freight.
Car Rental Loss & Damage Insurance
American Express offers car rental loss and damage insurance for up to $50,000 per car rental agreement. This overage is only good for the first 30 days of a car rental agreement. To be eligible, the full car rental fee must have been charged to your card. Intentional damage, manufacturing defects, wear and tear, theft of or damage to tires, damage of any other vehicle, and damage to any property other than the rental vehicle are not covered.
Global Assist Hotline
The Lowe’s Business Rewards Card gives you access to a 24-hour global assistance hotline any time you travel more than 100 miles away from home. This hotline can connect you to financial, legal, medical, or many other emergency services. While you can call this hotline for free, you will be responsible for any charges by third-party providers.
Lowe’s Business Rewards Card from American Express Alternatives
Chase Ink Business CashSM Credit Card
Ink Business Cash℠ Credit Card
Best For: Office-based businesses that want top cash back rewards
| Intro APR ?0% APR for 12 months on purchases | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|
| 0% Intro APR on Purchases | 13.24% - 19.24% Variable | $0 | Good - Excellent |
Capital One® Spark® Cash for Business
Capital One® Spark® Cash for Business
Best For: Earning unlimited 2% cash back
| Intro APR | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|
| N/A | 20.99% (Variable) | $0 intro for first year; $95 after that | Excellent, Good |
U.S. Bank Business Select Rewards Card
U.S. Bank Business Select Rewards Card
Best For: Earning points rewards in your choice in category spending
| Intro APR | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|
| 0%* | 11.99% - 22.99%* Variable | $0* | Excellent |
Bottom Line
The Lowe’s Business Rewards Card from American Express is best for business owners, contractors, and fix-and-flippers who shop for home improvement products frequently at Lowe’s. This point-based rewards card comes with perks, in-store discounts, and charges no annual fee. Visit our credit card marketplace to find other business credit cards that may be right for you.
