GE Money Bank (GEMB) offers two versions of Lowe’s credit card. One is meant for everyday use by a regular customer and the other caters to business customers. The Lowes card offers attractive savings schemes so that cardholders can get the best value for their money.
Lowe's Credit Card: Features & Benefits
Some of the prominent features and benefits associated with Lowe’s credit cards include:
APR of 21.9%
No annual fee
Low monthly payments
Online request for credit balance refund
Grace period of 26 days
- Three versions of card design
- Card replacement service
- E-bill facility to receive online bills
- Online card account access is protected by the Secured Socket Layer
- Addition of authorized users without any charge
- Facilitation of credit line change
Lowe’s Credit Card: Restrictions
Some of the restrictions that are applicable to Lowe’s credit cards are:
- Payments dispatched by mail take seven to ten days in processing.
- Gift cards or other credit cards are not accepted as a mode of making card payments.
- Requests for changing the due date of payments are not entertained.
- Lowes cards do not offer a reward program to cardholders.
- The cards do not offer any inaugural APR.
How to Apply for a Lowe’s Credit Card
Applicants with a fair credit history or a FICO score of 618 or more usually receive approval for the card. Apart from the FICO score, factors such as the income of the applicant and nature of his/her job are taken into consideration while giving the final approval. On an average, seven out of ten applicants get approved for Lowes cards. There is no fixed timing for communicating the approval decision, but applicants are usually intimated about their card status within one to two weeks. On approval, the cards are dispatched in one or two weeks. Henceforth, ardent shoppers can save on almost every purchase done via the Lowe’s credit card.
‘Lowe’s credit card’ is the trademark of Lowe's Companies, Inc, who can be found at www.lowes.com.