Lowe’s Business Rewards American Express Credit Card Review

The Lowe’s Business Rewards American Express gives cardholders a 5% discount at Lowe’s plus 2x points. 

Plus, you can earn 3x points at restaurants, offices supply stores, and wireless phone providers, all for no annual fee.

Deals Points Card Rating:
3.5/5
Lowes Business Rewards American Express Credit Card

Lowe's Business Card Information

Application Link: Lowe’s Business Rewards Card from American Express.

Current Sign Up Bonus: $100 cash back plus 0% intro APR for six months. 

Annual Fee: No Annual Fee.

Earning Rewards:

  • 3x points at U.S. restaurants.
  • 3x points at U.S. office supply stores.
  • 3x points with U.S. wireless phone services.
  • 2x points at Lowe’s.
  • 1x points everywhere else.

Redeeming Rewards: Lowe’s points can only be redeemed for gift cards for Lowes, American Express, and other merchants such as LL Bean, Cabela’s, etc.

  • One point equals one cent for most gift cards (2,500 points = $25 gift card).
  • Exception for American Express gift cards where one point equals 0.71 cents (3,500 points = $25 gift card). 

Lowe's Business Card Benefits

5% Lowe’s Discount– Lowe’s cardholders get a 5% discount off eligible items and orders when using the card.  However, the 5% discount cannot be used on gift cards or with most other discounts. 

Lowe’s ProServices– The Lowe’s American Express gets you ProServices, which gives you access to discounted delivery, bulk rate pricing, and a dedicated ProServices team member to help with your buying needs.

Rental Car Insurance– The Lowe’s card offers secondary rental car insurance when you use the card to pay for your car rental. Secondary insurance pays for what your car insurance does not pay for.

Purchase Protection– Purchases are covered from damage or theft for up to 90 days for a maximum of $1,000 per item and $50,000 per calendar year.

Extended Warranty– The original manufacturer’s warranty can be extended up to an additional year on warranties of five years or less. 

Amex Offers– This card, like all other American Express cards, has access to Amex Offers, which are special discounts at all different types of merchants such as a $10 statement credit for spending $25. 

“Valid for purchases in US stores, on Lowes.com and LowesForPros.com. Customer must pay applicable sales tax. 5% discount will be applied after any other applicable discounts. Offer can’t be combined with other credit-related promotional offers. Can’t be used in conjunction with or on: (i) any other promotion, discount, markdown, coupon/bar code, rebate or offer, including any Lowe’s volume or special discount programs (such as but not limited to Contractor Packs™, Buy in Bulk, Quote Support Program (“QSP”), Special Value, New Lower Price, Was: Now, Military Discount, Employee Discount and Lowe’s Price Match Guarantee); (ii) associate discretion price adjustments; (iii) any services (such as but not limited to extended protection/replacement plans; shipping, delivery, assembly or installation charges); (iv) fees or taxes; (v) previous sales; (vi) gift cards; or (vii) THOR, NXR, AGA, MARVEL, Bosch Benchmark, Heartland, ICON, Fisher & Paykel, Monogram, SMEG, Liebherr, Weber or Kichler products.”

The Verdict

The Lowe’s card is a good deal for Lowe’s purchases because you earn a 5% discount plus 2x points (equivalent to 2% cashback).

The disadvantages of the Lowe’s card are that it charges a 2.7% foreign transaction fee for any transaction outside the U.S. and 1x points (or 1% cashback) outside of the bonus categories is uncompetitive.

You would be better off in non-bonus categories with the American Express Blue Business Plus or the Chase Ink Unlimited.

Sign up for our Daily Points newsletter