A hardware store is great for finding tools for DIY and home repair projects. While a full toolbox is best, there are some basics that every homeowner should have. A rewards card is a must-have if you are a frequent hardware shopper.
The card’s 5% discount benefits homeowners, contractors, and other do-it-yourselfers who shop at a hardware store. Cardholders also get special financing deals and other benefits.
The card doesn’t offer 0% intro APR periods on purchases or balance transfers, which makes it less attractive than cards that do. This may be a drawback for some consumers.
5% Off Everyday
The 5% discount on purchases that cardholders get automatically is one of the best offers for home improvement products, and it can save you a lot of money. The savings should be capped as with some rewards credit cards.
Some store offers a special six-month 0% financing promotion on qualifying purchases of $299 or more. This is a big perk for people who spend a lot at the store and want to save on interest charges. However, if you cannot pay off your balance by the end of the six months, you’ll be charged interest from the purchase date.
Advantage credit card is a good choice for do-it-yourselfers who make many purchases at the store and can repay their debt on time. However, if you’re a frequent or heavy Lowe’s shopper, consider another rewards credit card that doesn’t offer just a single store brand as your primary shopping location.
2% Back on All Other Purchases
If you’re planning a major home improvement project, consider using this card for the extra perks. For example, cardholders can access services, including discounted delivery and bulk rate pricing. Cardholders also gain access to dedicated account management.
The card doesn’t have an annual fee, a plus compared to many store cards that charge one. However, the card does have a high APR, which could be better for those who don’t pay off their balances in full each month. Purchases that aren’t paid off by the end of the promotional period will begin to accrue interest starting back at the original purchase date.
If you’re a frequent shopper at hardware stores, the card can be worth it, as it offers a discount on almost all purchases. Combined with the option to choose special financing, it’s hard to find a better credit card for home improvement projects. However, several cards have higher reward rates if you’re looking for cash back.
1% Back on Gas Purchases
This card delivers outstanding rewards for shoppers who often spend plenty and want top-notch savings. It offers a higher rewards rate on home improvement purchases than most general credit cards, and its rewards come in the form of an instant discount instead of points you have to cash in later. And if you choose to opt for the special 6-month financing offer, it could save you a small fortune in interest charges—assuming you pay off your balance before the promotion ends.
This closed-loop card also gives you access to American Express Offers, deals that save you money or earn you extra points on your spending. You can find these offers in your account and see which ones are available when you log in. It also comes with secondary rental car insurance, which is nice if you frequently travel for work or on vacation.
However, the card’s limited perks and rewards are only worth the annual fee for some people. There are better business cards that give you 2% or more back in most categories. And for shoppers who want to earn travel rewards, other options do just that.
1% Back on Grocery Purchases
For most purchases, you’ll get an upfront 5% discount at the register, which is one of the best perks of this card. You’ll also get a few special coupons and savings offers sent to your home address or email account tied to your card based on what you buy.
The reward app gives you a few other excellent features, including an online wallet where you can manage your payment methods and access your account information. Plus, it’s easy to check your gift card balance.
This credit card might be worth it if you are a frequent hardware shopper, especially if you’re a contractor or fix-and-flipper. However, if you want to earn rewards that can be used at other stores, consider a more rewarding credit card. Cashback, for example, is generally the most versatile type of credit card reward. You can redeem it for cash, statement credits, gift cards, merchandise, and more. Conversely, points tend to have a set value, which can change over time.
1% Back on Other Purchases
Cashback on purchases can be accessible using the right credit card.
Some hardware stores also recently launched a new loyalty program that includes exclusive offers, chances to win gear and prizes, and opportunities to earn e-gift cards. This new program aims to appeal to both DIYers and professional customers.
Regarding perks, the advantage card blows the competition out of the water. The advantage card usually provides six months of deferred interest special financing.