American Express has revamped their Lowe’s Business credit card. The new card has $100 signup bonus with no requirements, earns 5% off at Lowe’s, and has no annual fee. (previous version of this card details here)
American Express Lowe’s Business Card
Signup Bonus
- Get $100 bonus upon approval. No requirements.
- 5X points in the first 6 months on eligible purchases made on your Card at Lowe’s.
Card Details
- 5% off every day from Lowe’s on eligible Lowe’s purchases
- Effective 8/31/21: earn 2X points at U.S. restaurants, office supply stores in the U.S. and on wireless telephone services purchased directly from U.S. service providers
- 2X points per dollar on Lowe’s purchases
- 1X points on other purchases.
- No annual fee
Our Verdict
This could be interesting to some due to the easy $100 signup bonus. (If your friend refers you, they can get a bonus of up to 30,000 points as well when you get approved for the Lowe’s card.) Also interesting for heavy Lowe’s users since you get 5% off at the register + 2x back on the card for a total of 7% back (10% during the first 6 months).
The old version of this card had no signup bonus. The dining/cell/office category is going down from 3% with the old card to 2% with the new card. Everything else seems mostly the same, from what I’m seeing.
Hat tip to reader JB
Source: doctorofcredit.com