Lowe’s Home Improvement, famously known as Lowe’s, is an American retail company. Its headquarters is located in Mooresville, North Carolina. They specially deal in home appliances–from holiday decorations, kitchenware, electric appliances, tools, and general home décor stuff. You name it, anything that qualifies for home improvement, Lowe’s got it. Lowe’s checks information concerning their customers’ credit ratings before deeming them eligible for a store credit card. To help them collect that information, they use the following Bureaus:
EquifaxTransunionExperian
For one to qualify for a Lowe’s credit card, they ought to range within a credit score of 640 or higher.
What Store Credit Cards Does Lowe’s offer?
Lowe’s offers 6 different credit cards, these include:
Lowe’s Advantage Card
– helps customers get their home projects done with ease. It comes with a 5% off on qualified purchases, or special financing for 6 months. Inclusive of a 7year-monthly payments with reduced annual percentage rate and no annual fee. These are just a few of the advantages. Occasionally, they give a certain percentage off on purchases for a limited time on new accounts.
Lowe’s Business Advantage Card
this one is for business owners. This card comes with an everyday 5% off on purchases, discounted deliveries, billing and invoicing options are made more convenient, to top up on that, they organize exclusive cardholder events.
Lowe’s lease to own card
includes a 90-day payment option, lease to own agreement that has low recurring payment, and an early purchase option that comes with a discount.
Lowe’s Preload Discover Card
comes with a 5% discount on qualified purchases within 30 days of a settled transaction. This is only valid in their US store or their official websites– lowe.com or LowesForPro.com
Lowe’s Commercial Account
5% off on instore or online purchases, a 20% discount on deliveries and convenient billing options.
Lowe’s Business Reward –
a 24/7 online account management,365 day returns, and access to exclusive cardholder events.
What Does It Take To Qualify For A Lowe’s Store Credit Card?
Once you make an application for a Lowe’s store credit card, their system accepts it, and then accesses your financial details, later sending them out randomly to either of the specific Bureaus they use– to check your credit eligibility.Ensure you’ve cleared any existing debt on all your Lowe’s credit cards before making an application for their store credit card.After Lowe’s runs a background check on your credit eligibility, you must attain a credit score of 640 or higher.A social security number.You must provide personal details such as contact information.
How Do You Apply For A Lowe’s Credit Card?
Step 1: Visit their website lowes.com Step 2: On their homepage, click Lowe’s Credit Cards. Step 3: They have a variety of credit cards to offer, pick the one that suits your needs. Step 4: You can opt to check if you prequalify or to go ahead and apply immediately. Alternatively, having an already setup account with Lowe’s official website makes the Credit Card application process easier because the website can automatically autofill information on your behalf. It also makes it easier to shop and pay with convenience. You must also be willing to give consent for Synchrony Bank to send you a one- time message on the number you fill out on the application.
What Are The Shared Benefits Of Owning Any Of The Lowe’s Cards?
Discounted prices on qualified purchasesExclusive Cardholder Events
Conclusion
To increase your chances of getting a Lowe’s store credit card, ensure you have a reputable credit history because they’ll run a hard background check through their Bureaus. Eligibility calls for a credit score of 640 or higher, otherwise your application will be denied. Lowe’s C.E.O is a black man; Marvin Ellison– he took over as C.E.O in 2018. No. They’re both publicly owned, but entirely different companies. However, they compete in the retail hardware and home improvement market. Lowe’s headquarters is in Mooresville, North Carolina– United States. In 1921, L.S Low founded Lowe’s North Wilkesboro Hardware. They sold building materials, sewing notions, dry goods, horse tack, snuff produce and groceries. It became a publicly traded company in 1961, 400 shares were sold. In 1964, Lowe’s, for the very first time, made the milestone of serving a million customers. In 1979, it was listed in the New York Stock Exchange (NYSE). By 1995, Lowe’s ushered in a new era in the digital age by launching their website– lowes.com. In 2007, Lowes became an international company by expanding outside of the United States– they opened their first store in Canada. Lowe’s has been evolving and expanding over the recent years.
