Lowe’s Business Rewards Card from American Express Review

This article is part of a larger series on Best Small Business Credit Cards.

Lowe’s Business Rewards Card from American Express is designed for businesses that shop at Lowe’s frequently because it offers access to Lowe’s ProServices, including discounted delivery, bulk rate pricing, and the Business Replenishment Program. New cardholders can also enjoy a 5% in-store discount for all eligible purchases.

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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.

on Lowe’s Business Rewards Card from American Express's secure website.

Overview

Card Details

• Extra Value Offer: 5% cash back on purchases at Lowe’s for the first 6 months. 2% back after. New accounts only.
• 2% cash back at U.S. restaurants, U.S. office supply stores, wireless telephone services purchased directly from U.S. service providers. 1% cash back on other eligible purchases.
• Cash back is received in the form of Lowe’s Business Rewards points that can be redeemed for statement credits or select gift cards.
• APR on purchases will be a variable rate, 20.99% - 29.99%, based on your creditworthiness and other factors as determined at the time of account opening.
• Terms Apply.

Pros & Cons

• $0 annual fee
• 5% off at Lowe’s

• No 0% introductory APR period
• Balance transfers aren't allowed
• Low cash back rewards at Lowe's after introductory period

Additional Features

• Lowe's ProServices: Access benefits with Lowe's ProServices, including discounted delivery, bulk rate pricing, and the business replenishment 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.

• Extra Value Offer: 5% cash back on purchases at Lowe’s for the first 6 months. 2% back after. New accounts only.
• 2% cash back at U.S. restaurants, U.S. office supply stores, wireless telephone services purchased directly from U.S. service providers. 1% cash back on other eligible purchases.
• Cash back is received in the form of Lowe’s Business Rewards points that can be redeemed for statement credits or select gift cards.
• APR on purchases will be a variable rate, 20.99% - 29.99%, based on your creditworthiness and other factors as determined at the time of account opening.
• Terms Apply.

Pros

• $0 annual fee
• 5% off at Lowe’s

Cons

• No 0% introductory APR period
• Balance transfers aren't 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 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.

on Lowe’s Business Rewards Card from American Express's secure website.

When grading cash back rewards business credit cards like the Lowe’s Business Rewards Card from American Express, we first take into account the ongoing and introductory rewards. We also consider the annual fee, introductory and ongoing annual percentage rates (APRs), and features.

Who the Lowe’s Business Rewards Card from American Express Is Best For

• Those who are frequent Lowe’s shoppers, such as contractors and fix and flippers: You can take advantage of in-store discounts at Lowe’s, access Lowe’s ProServices, and earn cash back on eligible purchases. New cardholders can get 5% cash back on eligible Lowe’s purchases for the first six months.

Check out our recommended alternatives below if this card doesn’t fit the bill.

Lowe’s Business Rewards Card from American Express Rewards

New cardholder cash back rewards

• 5% cash back on eligible purchases at Lowe’s for the first six months after opening an account

Ongoing cash back rewards

• 2% cash back on eligible purchases at Lowe’s stores or online at Lowes.com and LowesforPros.com
• 2% cash back on eligible purchases made at restaurants and office supply stores in the United States and on wireless telephone services purchased directly from US service providers
• 1% cash back on all other purchases

Lowe’s Business Rewards Card from American Express Calculator

Find out how much you can earn from the Lowe’s Business Rewards Card from American Express based on your estimated monthly expenses. Use our rewards calculator to compute your potential rewards—enter your expected monthly spending, and our calculator will do the rest.

How To Redeem Lowe’s Business Rewards Card from American Express Rewards

You can redeem your earned cash back rewards for statement credit or select gift cards. Note that each 100 Lowe’s Business Rewards points is equivalent to $1.

Lowe’s Business Rewards Card from American Express Features

Account Management

• Year-end summary: American Express provides a year-end summary of charges made with your card to save time on managing your account online.
• Global Assist® Hotline: This 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.
• Employee cards: You can create up to 99 employee cards under your account, set spending limits for each card, and easily manage your business expenses.

Insurance

• 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 covered exclude animals, plants, consumables, tickets, motorized vehicles, fixtures, and preowned goods.
• Extended warranty protection: This is good for 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.
• Car rental loss and damage insurance: Car rental loss and damage insurance of up to $50,000 per car rental agreement are provided. This coverage is only good for the first 30 consecutive days of a car rental agreement. To be eligible, the full 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.
• Dispute resolution: American Express will work with you to help resolve issues such as fraudulent or incorrect transactions indicated in your credit card statement.

Lowe’s Business Rewards Card from American Express Fees

APR

• Introductory: None
• Ongoing: 20.99% to 29.99% variable, which adjusts with the prime rate
• Cash advance: 29.99% variable, which adjusts with the prime rate
• Penalty This applies for a minimum of 12 consecutive billing periods and will continue to apply until after you have made payments on time—with no returned payments for 12 billing periods in a row. : 29.99% variable, which adjusts with the prime rate; will be applied to your account if you:
  • Make two or more late payments within the 12-month period
  • Don’t pay the minimum payment due by the closing date of the billing period in which it’s due
  • Make a returned payment

  Fees

  • Annual: None
  • Foreign transaction: 2.7% of each transaction after conversion to US dollars (USD)
  • Cash advance: Either $5 or 3% of each cash advance, whichever is greater
  • Late payment: Up to $39
  • Overlimit: None
  • Returned payment: $39

  Your due date is at least 25 days after the close of each billing period.

  How To Make Payments

  • Online: You can make a payment through your American Express online account anytime. Simply choose your payment account and select your bank account and payment date. Note that credit and debit cards aren’t accepted as a form of payment.
  • Mobile app: Download the Amex Mobile App and enjoy the convenience of paying your bills at any time.
  • Direct bank payment: Direct debits let you pay bills automatically so that you don’t have to worry about missing due dates. Provide your bank account details to American Express and indicate the amount you’d like to pay every month.
  • AutoPay: You can enroll in AutoPay through your American Express online account. Note that your first AutoPay payment may not be applied to your current billing cycle, so you would need to make your usual payments until your AutoPay begins.
  • Mail: You can choose to mail your payment either by check or money order made payable to American Express. See to it you include your account number at the front of your payment.

  First Class Mail
  American Express
  PO Box 650448
  Dallas, TX 75265-0448

  Express Mail
  American Express
  Attn: Express Mail Remittance Processing
  20500 Belshaw Ave.
  Carson, CA 90746