Lowe's Business Rewards Card from American Express Review [2024]: Is It Worth It for You?

CREDIT CARDS - BUSINESS CREDIT CARDS
Lowe’s may be the perfect store for your business, but is the Lowe's Business Rewards Card from American Express the perfect credit card? This Lowe’s Business Rewards Card review will help you decide.
Updated May 3, 2024
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If you’re planning an upcoming renovation project, there’s a good chance you’ve stepped foot in a Lowe’s during the process. For good reason too. Lowe’s has what you need to finish the job, whether it's a complete home remodel or just a new ceiling fan.

Lowe’s is the right store for many people doing home renovations, but it’s also a lifeline for many small businesses. If you are a business owner, the access to business tools, store discounts, and no annual fee that the Lowe’s Business Rewards Card provides might make it the right tool for your next job. But do the rewards and redemptions compare to what’s offered from other business credit cards on the market?

In this Lowe's Business Rewards Card from American Express review, we’ll explore who should get this card, its pros and cons, and what you can do with the rewards you earn.

All information about Lowe's Business Rewards Card from American Express has been collected independently by FinanceBuzz.

Cash back at Lowe's and Lowes.com

Lowe's Business Rewards Card from American Express
4.0

Lowe's Business Rewards Card from American Express

Current Offer

Earn 5% cash back on purchases at Lowe’s for the first 6 months. 2% back after (new accounts only)

Annual Fee

$0

Rewards Rate

2% cash back on business categories (U.S. restaurants, U.S. office supply stores, and purchases with U.S. wireless telephone service providers) and at Lowe's stores and Lowes.com; 1% cash back on all other eligible purchases

Benefits and Drawbacks
Card Details

In this Lowe’s Business Rewards Card from American Express review

Who should get the Lowe’s Business Rewards Card from American Express?

The Amex Lowe’s Business Rewards Card is for businesses that want to capitalize on company spending in specific categories, like Lowe’s purchases or office supplies. That makes this a good credit card for home renovation projects and also a good credit card for contractors.

The Lowe's Business Rewards Card from American Express comes with an automatic 5% discount on Lowe’s purchases. This discount can add up if your business spends considerable money at the store. Keep in mind that there is a list of items excluded from the discount, and the discount can’t be combined with other promotions or discounts. So before you make your purchases make sure you read the fine print and shop smart.

This card is the best fit for a small business owner who is OK with redeeming the Lowe's Business Rewards points they earn for statement credits or select gift cards.

There’s no specific credit score requirement for the Lowe’s Business Rewards Card, but personal and business credit history will be deciding factors for card approval and the amount of your credit line.

Card basics

Card type Business
Card issuer American Express
Annual fee $0 (Terms apply)
Welcome bonus Earn 5% cash back on purchases at Lowe’s for the first 6 months. 2% back after (new accounts only)
Reward rate 2% cash back on business categories (U.S. restaurants, U.S. office supply stores, and purchases with U.S. wireless telephone service providers) and at Lowe's stores and Lowes.com; 1% cash back on all other eligible purchases
Recommended credit score Excellent, Good
Foreign transaction fee 2.7%

Lowe’s Business Rewards Card benefits and perks

  • Welcome bonus: Earn 5% cash back on purchases at Lowe’s for the first 6 months. 2% back after (new accounts only).
  • $0 annual fee: There’s no need to cut into your company’s profits with credit card fees. This Lowe’s credit card has a $0 annual fee.
  • Discounts at Lowe’s: Enjoy 5% savings on eligible Lowe’s purchases made with your Lowe’s card. Purchases made in-store or online at Lowes.com and LowesForPros.com are included.
  • Account management tools: You can track your business purchases and more with the business management tools Lowe’s gives you access to with this credit card. Cardholders can view statements and even break purchases down by each employee card. You’ll also have PO/job name tracking and access to 24/7 customer service.

Drawbacks to this card

  • No intro APR offer: There are other credit cards available that offer 0% intro APR periods on purchases, balance transfers, or both. That means the Lowe's card is not an ideal choice if you want to save interest on large purchases or to refinance credit card debt. For other options, check out our list of the best 0% intro APR business credit cards.
  • Foreign transaction fees: American Express is widely accepted worldwide, but using this particular card outside the U.S. means you will pay a foreign transaction fee of 2.7%. If you travel internationally, you’ll want to have another credit card with no foreign transaction fees.
  • Limited redemptions: Lowe's Business Rewards points are only redeemable as statement credits or select gift cards for businesses using this Lowe’s credit card.

Earning and redeeming Lowe’s Business Rewards

Best ways to earn

Cardholders have three ways to earn the highest earning rate of 2% bonus points with the Lowe’s card. You can make purchases at business categories, Lowe's stores and Lowes.com.

As a Lowe’s business credit card, it makes sense that businesses earn bonus rewards at the home improvement superstore too. All purchases at eligible Lowe's purchases made on your card in the first 6 months earn 5% points per dollar spent. All other eligible purchases earn 1% point per dollar spent.

Categories Rewards rate
Business categories, Lowe's stores and Lowes.com 2%
Eligible Lowe's purchases made on your card in the first 6 months 5%
All other eligible purchases 1%

Maximizing your redemptions

The Lowe’s Business Rewards Card doesn’t offer a lot of variety or flexibility in terms of redemption options. Currently the only redemption choice for businesses is statement credits or select gift cards.

Lowe’s Business Rewards points are worth 1 cent when redeemed for all the gift card options except American Express gift cards, which are worth about .007 or less than 1 cent each. Unfortunately, American Express gift cards offer the most flexibility because you can use them anywhere that accepts American Express.

Amex Lowe’s Business Rewards Card FAQs

Where can I use a Lowe's Business Rewards Card?

As an American Express card, the Lowe’s Business Rewards Card is accepted almost anywhere in the world. Although it earns bonus rewards in specific spending categories, you’ll earn points on all eligible purchases with this Lowe’s credit card.

Can I pay my Lowe's credit card with a debit card?

No, unlike the Lowe’s Advantage Card for non-business owners, you cannot pay your bill in a Lowe’s store. That card is issued by Synchrony Bank, whereas the Lowe’s Business Rewards Card is issued by American Express. Business Rewards cardmembers can pay their Amex bill through their online account, over the phone, or by mail. You can link your bank account to pay your Amex bill, which is similar to using a debit card.

What bank is Lowes credit card?

The Lowe’s Business Rewards Card is an American Express credit card. As an Amex card, it comes with access to special perks such as car rental insurance, extended warranties on purchases, and more. Not all Lowe’s credit cards are through American Express. For example, the Lowe's Accounts Receivable Card is issued by Synchrony Bank.

What is Lowe's pro loyalty program?

The Lowe’s For Pros Loyalty Program gives business customers access to extra business tools beyond its standard services. Enrollment in the program requires registering your Lowe’s credit card. The loyalty program is full of value for businesses, including personalized offers, purchase history and tracking, and access to other loyalty benefits. Administrators of a loyalty account can also set up customized Lowe’s product catalogs for eligible buyers within their business.


Other cards to consider

Although this Lowe’s Business Cards from American Express review might have revealed this card is a good fit for you and your company, other credit card issuers also have rewards cards that might be a better match for your spending.

The Ink Business Cash® Credit Card earns 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year; 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year; and 1% cash back on all other purchases. Like the Lowe’s Business Rewards Card, it has a $0 annual fee and offers employee cards at no additional cost. The cash back you earn can be used for statement credits, travel, gift cards, and Apple purchases. This Chase card also offers a 0% introductory APR rate on purchases for 12 months (then 18.49% - 24.49% Variable), and it offers the opportunity to earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.

Another top business credit card worth a look is the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card. This $0-annual fee card has a benefit that’s rarely seen — a choice of spending categories. Cardholders get to pick the 3% cash back category of your choice: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services (on the first $50,000 in combined choice category/dining purchases each calendar year, then 1%). Throw in travel and emergency services, compatibility with Quickbooks, and a 0% introductory APR on purchases for 9 billing cycles (then 18.49% - 28.49% Variable), and you have a business credit card that delivers.

Cash back at Lowe's and Lowes.com

Lowe's Business Rewards Card from American Express
4.0

Lowe's Business Rewards Card from American Express

Why We Like It

Earn 5% cash back on purchases at Lowe’s for the first 6 months. 2% back after (new accounts only)

Terms Apply

See how these cards compare:

Ink Business Cash® Credit Card
Ink Business Cash® Credit Card
  • Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening
  • $0 annual fee
  • 0% intro APR on purchases for 12 months (then 18.49% - 24.49% Variable)
  • Up to 5% cash back
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
  • Choose your top-earning cashback category
  • Earn a $300 online statement credit after you make at least $3,000 in net purchases in the first 90 days of your account opening
  • Intro APR on purchases
  • No annual fee

Author Details

Kevin Payne Kevin Payne is a freelance writer specializing in student loans, credit cards, personal finance, and travel. He is a regular contributor to Club Thrifty, Millennial Money, and Student Loan Planner. As the budget and family travel expert behind FamilyMoneyAdventure.com, Kevin recently turned his writing side hustle into his full-time career. He lives in Cleveland, Ohio, with his wife and four kids.

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