Anyone making several expensive home repairs may find themselves frequently shopping via Lowes Credit card, where it’s hard to top the Lowes Credit Card’s 5% discount. For reference, some of the top cash-back rewards cards offer merely a 2% rewards rate—albeit, you can earn that rate on non-Lowe’s purchases, too but they also make it mandatory for you to only get interest credits if and only you buy from them. I was furious seeing that their annual fee compensates for its limited use. It is a setback when someone is looking for an everyday card, for Contractors or business owners and for people who wants cash-back rewards. This company will offer you 5% discount on purchases but will deduct more the amount when it’s clearance time. The main drawback of the Lowes Credit Card is that cardholders can’t combine its benefits. You’ll have to choose between applying the 5% discount or one of the card’s financing features. Anyone looking to apply for the card should consider how it compares to other cards that either offer cash-back rewards or have similar financing features. It was traumatic for me as I lost over $20k as they promised for rewards on maximum purchases and yet did not provide them. When I asked if I can pay the remaining amount in installment, they simply refused and demanded for the account recovery amount that is nearly $8,000, the Lowes credit card offers reduced job-site delivery fees. This feature alone can save you thousands of dollars over time but If you decide to use it for your other expenses it directly deducts and increases the interest rate which is insanely high. Then they set the credit limit so high that you fear Bankruptcy. It is a Corrupt practice that they are still continuing.
They are CHEATS and they have been manipulating people into buying this notorious scheme for their own profit.