Lowe’s Business Rewards Card from American Express Review for 2022
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This article is part of a larger series on Best Small Business Credit Cards.
The Lowe’s Business Rewards Card from American Express is designed for businesses that shop at Lowe’s frequently. This is a rewards credit card that offers access to Lowe’s ProServices, including discounted delivery, bulk rate pricing, and the business replenishment program. You can also enjoy a 5% in-store discount for all eligible purchases at Lowe’s.
Lowe’s Business Rewards Card from American Express
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Accessing discounts and rewards at Lowe’s
Intro APR
0%
Regular APR
15.74% - 24.74% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- 5% off at Lowe's
- Lowe's ProServices for discounted delivery and more
- Earn 5,000 Lowe's Business Rewards Points; after you spend $100 in purchases on the Card within your first 30 days of Card Membership.
- $0 annual fee
- 0.0% introductory APR on purchases for six months. After that, your APR will be a variable rate, currently 17.24% to 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- Use this Card to receive points you can redeem for gift cards and more to use toward business expenses.
- 3X Points at restaurants and office supply stores in the US, and on wireless telephone services purchased directly from US service providers.
- 2X Points at Lowe's
- 1X Points on other purchases
Pros
- No annual fee
- 5% off at Lowe’s
- $100 statement credit signup bonus
Cons
- No 0% introductory APR period
- Balance transfers are not allowed
- Low cash back rewards at Lowe’s after introductory period
- Lowe’s ProServices: Access benefits with Lowe’s ProServices, including discounted delivery, bulk rate pricing, and the business replenishment p[program.
- Purchase protection: The issuer covers purchases that are stolen or damaged within 120 days from the date of purchase (90 days for New York residents).
- Extended warranty protection: Receive up to two years of additional coverage for items with an original manufacturer’s warranty of up to five years.
Intro APR
0%
Regular APR
15.74% - 24.74% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- 5% off at Lowe's
- Lowe's ProServices for discounted delivery and more
- Earn 5,000 Lowe's Business Rewards Points; after you spend $100 in purchases on the Card within your first 30 days of Card Membership.
- $0 annual fee
- 0.0% introductory APR on purchases for six months. After that, your APR will be a variable rate, currently 17.24% to 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- Use this Card to receive points you can redeem for gift cards and more to use toward business expenses.
- 3X Points at restaurants and office supply stores in the US, and on wireless telephone services purchased directly from US service providers.
- 2X Points at Lowe's
- 1X Points on other purchases
Pros
- No annual fee
- 5% off at Lowe’s
- $100 statement credit signup bonus
Cons
- No 0% introductory APR period
- Balance transfers are not allowed
- Low cash back rewards at Lowe’s after introductory period
- Lowe’s ProServices: Access benefits with Lowe’s ProServices, including discounted delivery, bulk rate pricing, and the business replenishment p[program.
- Purchase protection: The issuer covers purchases that are stolen or damaged within 120 days from the date of purchase (90 days for New York residents).
- Extended warranty protection: Receive up to two years of additional coverage for items with an original manufacturer’s warranty of up to five years.
If you want to compare the features of one card to another, you can do just that by checking off this card and up to two more alternative cards (see Lowe’s Business Rewards Card from American Express Alternatives) to add them to your cart. This will allow you to view the details in a side-by-side comparison.
How We Evaluate Points Rewards Business Credit Cards
When grading points rewards business credit cards like the Lowe’s Business Rewards Card, we first consider the ongoing and introductory rewards. We also take 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 |
Who the Lowe’s Business Rewards Card from American Express Is Right For
- Business owners who shop at Lowe’s frequently: You can take advantage of in-store discounts at Lowe’s, access the Lowe’s ProServices, and earn cash back 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.
Lowe’s Business Rewards Card from American Express Fees
- Introductory APR: None
- Ongoing APR: 15.74% to 24.74% variable—changes with prime rate
- Annual fee: None
- Balance transfer fee: Transfers aren’t allowed
- Foreign transaction fee: 2.7% of each transaction after conversion to US dollars
- 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
- $100 cash back upon approval, which you can earn automatically as a statement credit
- 5% cash back on eligible purchases at Lowe’s for the first six months after opening an account
- 2% cash back on eligible purchases at Lowe’s stores or online at Lowes.com or LowesforPros.com
- 5% discount on eligible purchases at Lowe’s
- 2% cash back at restaurants and office supply stores in the US and on wireless telephone services purchased directly from US service providers
- 1% cash back on all other purchases
Cash back is received in the form of Lowe’s Business Rewards points that can be redeemed for statement credits or Lowe’s gift cards. Lowe’s gift cards are available in $25, $50, and $100 denominations. Each 100 Lowe’s Business Rewards points earned is equal to $1.
Lowe’s Business Rewards Card from American Express Additional Features
Lowe’s ProServices
Cardholders 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, which is another reason frequent buyers at Lowe’s will benefit from this card.
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 the cost of any goods or services provided. The services available for a fee include towing, winching, jump-starts, flat tire change, lockout services, and limited fuel delivery.
Purchase Protection
Items that were stolen or damaged within 90 days of the date of purchase are covered with purchase protection up to $1,000 per incident and $50,000 per year. Items are eligible if they were charged entirely to your American Express credit card. Items that aren’t covered include animals, plants, 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 one additional year on items that come with an original manufacturer’s warranty of five years or less. This is limited to $10,000 per covered purchase, up to $50,000 per account per year. Only items that are charged entirely to your Lowe’s Business Rewards Card are eligible.
Baggage Insurance Plan
The American Express baggage insurance plan provides coverage between $250 and $1,250 for carryon bags, checked bags, and high-risk items that are lost in direct transit. Some items aren’t included with this coverage, such as cash and its equivalent, credit cards, tickets, documents, animals, living plants, prosthetics, drugs, and property shipped as freight.
Car Rental Loss & Damage Insurance
American Express offers car rental loss and damage insurance of up to $50,000 per car rental agreement. This coverage 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. Instances that aren’t covered include intentional damage, manufacturing defects, wear and tear, theft of or damage to tires, damage to any other vehicle, and damage to any property other than the rental vehicle.
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 emergency assistance and coordination services, including medical, legal, and passport referrals, emergency cash wires, and missing luggage assistance. While you can call this hotline for free, you’ll be responsible for any charges by third-party providers.
Pros & Cons Explained
Pros of the Lowe’s Business Rewards Card from American Express
- No annual fee: You can enjoy all of the benefits that come with owning a Lowe’s Business Rewards Card without having to pay annual fees.
- 5% off at Lowe’s: This card offers a 5% discount on all eligible Lowe’s purchases, making this an excellent choice if you’re a frequent shopper at Lowe’s.
- $100 statement credit sign-up bonus: You’ll receive $100 back upon approval, which is earned automatically as a statement credit.
Cons of the Lowe’s Business Rewards Card from American Express
- No 0% introductory APR period: This card doesn’t offer interest-free financing—this may be a disadvantage if you’re planning to make a large purchase.
- Balance transfers aren’t allowed: The Lowe’s Business Rewards Card from American Express doesn’t allow balance transfers, which is a drawback for those who plan to transfer a balance from another credit card.
- Low cash back rewards at Lowe’s after the introductory period: You can earn 5% cash back for purchases made directly at Lowe’s for the first six months only—after that, you’ll only earn 2%.
Lowe’s Business Rewards Card from American Express Alternatives
Chase Ink Business Cash® Credit Card
The Chase Ink Business Cash® card is an excellent alternative for office-based businesses. You can earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each year. This is also a good option if you need to transfer a balance from another card, as it allows balance transfers.
Ink Business Cash® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Office-based businesses that want top cash back rewards
Intro APR
0% Intro APR on Purchases
Regular APR
13.49% - 19.49% Variable
Annual Fee
$0
Credit Needed
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.
Intro APR
0% Intro APR on Purchases
Regular APR
13.49% - 19.49% Variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.
U.S. Bank Business Platinum Card
The U.S. Bank Business Platinum card is an excellent choice if you need a credit card with a low APR. This card offers a 0% introductory APR for the first 18 billing cycles on both purchases and balance transfers, making it a good alternative for those who need to finance a large purchase or transfer a balance without interest for a longer period.
U.S. Bank Business Platinum Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Extended 0% APR period on purchases and balance transfers
Intro APR
0% for first 20 billing cycles
Regular APR
12.74% - 21.74% (Variable)
Annual Fee
$0
Credit Needed
Good/Excellent
- Limited time offer: 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 12.74% to 21.74%.
- U.S. Bank Business Platinum Card
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay ™Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- Offers a long 0% APR introductory period
- 0% APR applies to both purchases and balance transfers
- No annual fee
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Excellent/good credit score needed to qualify
- Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
- Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
Intro APR
0% for first 20 billing cycles
Regular APR
12.74% - 21.74% (Variable)
Annual Fee
$0
Credit Needed
Good/Excellent
- Limited time offer: 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 12.74% to 21.74%.
- U.S. Bank Business Platinum Card
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay ™Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- Offers a long 0% APR introductory period
- 0% APR applies to both purchases and balance transfers
- No annual fee
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Excellent/good credit score needed to qualify
- Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
- Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
American Express Blue Business Cash™ Card
The American Express Blue Business CashTM Card is a great option if you need to spend beyond your credit limit. This card features expanded buying power, which adjusts with your usage, payment history, credit record, and financial resources. This is also a good alternative if you need to make a large purchase because it offers a 0% introductory APR for the first 12 months after opening an account.
American Express Blue Business Cash™ Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
Intro APR
0% on purchases
Regular APR
13.99% - 21.99% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.99% - 21.99%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power, when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
13.99% - 21.99% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.99% - 21.99%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power, when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
For other American Express alternatives, visit our guide to the best American Express credit cards.
Bottom Line
The Lowe’s Business Rewards Card from American Express is best for business owners, contractors, and fix-and-flippers who shop frequently for home improvement products at Lowe’s. This rewards card comes with perks and in-store discounts and charges no annual fee. If this isn’t what you’re looking for, visit our Credit Card Marketplace and check out our guide to the best small business credit cards to find other options.
