Credit Cards » Credit Card Education » FAQs: Сredit cards for Lowe’s Shopping
Is the Lowe's credit card the best pick for me if I am planning a home improvement project?
Answered by Vanessa Watson, expert at CreditCardFlyers.com:

It pays to actually compare store cards with traditional credit cards to see where you get the best benefits. Let’s get started by looking at two cards from Lowe's.

Lowe's Project Card
Lowe\'s Project Card
With this card, you can choose special financing on big-ticket items or 5% off on your purchase once you’re approved. If you choose the 5% discount, keep in mind that you can't use it with other kinds of Lowe’s discounts including coupons, military discounts, employee discounts or the retailer’s low-price guarantee. All of this makes this sign-up bonus less lucrative.

Instead of getting the 5% discount, you can choose to pay 0% interest on purchases of $299 or more for six months. However, the usual interest rate for this card is 24.99%, which kicks in after the promotion period ends.
The real deal

These cards offer benefits similar to other store cards, but it’s important to look at the fine print and what they actually offer. There can be some very real cons to signing up for store cards. A more traditional credit card may actually give you more in terms of benefits and rewards. In this case the exclusions for discounts put a damper on savings, high interest rates after the promotional period is over can be an issue later on, and you do not earn rewards.

With store cards you can’t usually use them to shop elsewhere, and you don’t earn rewards, which is a real downside. Credit cards that offer rewards programs are a great way to earn rewards that can be cashed in for everything from cashback and merchandise to flights and hotel stays.

Capital One® Quicksilver® Cash Rewards Credit Card
For Excellent, Good Credit
Capital One® Quicksilver® Cash Rewards Credit Card

0% Intro APR on Purchases: until January 2017

Ongoing APR: 13.24% - 23.24% (Variable)

Rewards Program:

  • One-time $100 cash bonus after you spend $500 on purchases within the first 3 months
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign ups needed to earn cash rewards; plus, cash back doesn’t expire and there’s no limit to how much you can earn
Credit One Bank® Visa® - No Deposit Required
For Fair Credit
Credit One Bank® Visa® - No Deposit Required

0% Intro APR on Purchases: N/A

Ongoing APR: 15.65% - 24.15% Variable

Rewards Program:

  • Automatic reviews for credit line increase opportunities
  • See if you Pre-Qualify without harming your credit score
  • Zero fraud liability protects you from unauthorized charges
Capital One® QuicksilverOne® Cash Rewards Credit Card
For Average, Fair, Limited Credit
Capital One® QuicksilverOne® Cash Rewards Credit Card

0% Intro APR on Purchases: until January 2017

Ongoing APR: 23.24% (Variable)

Rewards Program:

  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign ups needed to earn cash rewards; plus, cash back doesn’t expire and there’s no limit to how much you can earn
Barclaycard CashForward™ World MasterCard®
For Excellent Credit
Barclaycard CashForward™ World MasterCard®

0% Intro APR on Purchases: 12 months

Ongoing APR: 15.24%, 19.24% or 23.24%* Variable

Rewards Program:

  • Get a $100 cash rewards bonus after you spend $500 in purchases in the first 90 days after account opening
  • Earn unlimited 1.5% cash rewards on every purchase
  • Every time you redeem, get a 5% cash rewards redemption bonus to use toward your next redemption
  • Redeem your cash rewards for a deposit into your bank account, a statement credit or gift cards. Redemptions start at $50
  • Cash rewards do not expire as long as your account is open, active and in good standing
Surge MasterCard® Credit Card
For Bad / No Credit
Surge MasterCard® Credit Card

Ongoing APR: *See Terms

Milestone Gold MasterCard®
For Fair / Good Credit
Milestone Gold MasterCard®

0% Intro APR on Purchases: N/A

Ongoing APR: 23.9%

So yes, you can use either of the Lowe's credit cards to finance a project, but rewards earning credit cards, which offer low APR's or no APR for a promotional period, can get you more bang for your buck. This way maybe you can get that home improvement project done and have enough points to book a flight to an exotic destination.

About the expert:
Vanessa Watson, 35
financial expert at CreditCardFlyers.com
I love frugal shopping. As a credit expert, I
want to share my experience with other
people.
Have questions?

Best Credit Cards:
Barclaycard CashForward™ World MasterCard® Barclaycard CashForward™ World MasterCard®
0% Intro APR on Purchases:
12 months

Ongoing APR:
15.24%, 19.24% or 23.24%* Variable
For Excellent Credit
Credit One Bank® Visa® - No Deposit Required Credit One Bank® Visa® - No Deposit Required
Key Feature:
1% cash back on select purchases, terms apply
For Fair Credit
Capital One® QuicksilverOne® Cash Rewards Credit Card Capital One® QuicksilverOne® Cash Rewards Credit Card
0% Intro APR on Purchases:
until January 2017

Ongoing APR:
23.24% (Variable)
For Average, Fair, Limited Credit