The Lowes 10% off your first purchase is not a current promotion. The current Lowes credit card offers are 5% off everyday, no interest for 6 months, and special project financing.
Having a Lowes credit card requires you to have healthy credit habits. It’s easy to get carried away with offers of 5% off your Lowes purchase, 6 months no payments or even the Lowes 84 months financing on purchases over $2000.
Your credit needs a lot of attention, and requires balanced spending and responsible behavior. By using your Lowes Credit Card wisely, you can take control of your finances and help establish good credit by practicing the following healthy habits.
But first, learn how to use credit wisely.
Get Your Credit Report
Checking your credit report is the best way to know your credit score, spot potential fraud and protect yourself from of identity theft. Everyone can get a free copy of their credit report from each of the consumer credit reporting companies—Equifax, Experian and TransUnion, once every 12 months.
Your free report can be requested by visiting: www.annualcreditreport.com.
Borrow Only What You Can Pay Back
A Lowes credit card is probably just part of your credit picture. Look at it the same way you would a mortgage, rent, other credit cards, and car loans. Always know your fixed monthly spending to make sure that you’re staying within your budget.
It is very important to pay your bills on time every month. Never skip payments because you will pay late fees and penalties. Show lenders you are responsible and trustworthy. Your credit score depends on how timely you are with payments.
If you don’t have the money to pay cash now, why would you think you will have money when the credit card bill comes in the mail?
- Always make payments on time
- Pay more than the minimum amount due
- Keep your balance below 25 percent of your credit limit.
- If you make a large purchase of $500 or more -Stop! Don’t charge anything until that purchase is paid off. It will be difficult to do, but continued charges will only add to your future payments.
Details of Current Lowes Credit Offers
Choose 5% off every day, 6 months special financing with a $299 minimum purchase, or 84 months financing when purchasing over $2000 when you use your Lowe’s Credit Card.
Current Offer: 5% off your Lowe’s Consumer Credit Card purchase:
Get 5% off your purchase or order of any in-stock or Special Order merchandise charged to your Lowe’s® Consumer Credit Card. Can not be used on services or gift cards; Dacor®, ICON®, Fisher & Paykel®, Monogram, Smeg or Liebherr appliances, Weber products or Kichler. Offer cannot be used with any promotional coupon, military discounts, employee discounts or low-price guarantee.
Current Offer: No interest if paid in full within 6 months.
Offer applies to purchase or order of $299 or more made on your Lowe’s® Consumer Credit Card. Interest will be charged to your account from the purchase date if the promotional purchase is not paid in full within 6 months. Minimum monthly payments required.
Current Offer: 84 Months Special Financing Offer
Applies to in-store purchase of $2,000 or more. Not valid online at Lowes.com. Interest will be assessed on purchase at 5.99% APR until paid in full, and fixed monthly payments are required. Cannot be combined with 5% Off Every Day offer or other promotional offers.
Lowes reserves the right to discontinue or alter these offers at any time.
Don’t Use Your credit Cards Like Cash.
They will have an impact on your financial well being and savings goals. Consider credit cards in your big debt picture along with other financial priorities so you can use credit to your advantage. Those banks and card issuers who kept giving you more and more credit a few years ago are making it harder to get credit and raising interest rates.
When you have a good credit score and a history of on-time payments, your ability to borrow will be rewarded. Lower interest rates and easier approvals for that dream home you have your eye on. Regular payments and smart use of credit will help you build a good credit history and strengthen any application in the future.
You can apply for your Lowes Credit Card Here.
By Victoria Stone